Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-04
MARKET QUOTATIONS.
sEponrs FROM ALI GREAT pusi-
NESS CENTRES OF THE WORLD.
Prices OF Money, bonds. Stocks.
Grain, Tobacco, Cotton, Cattle,
and Domestic.

NEW NOkN, December 3.-OutSido
,,vcrs had withdrawn from the market
today. and the field was apparently left
a., lie fallow for the professional opera
,ors. The heavy throwing over OF stocks
IN large operators yesterday 10 realize.
s,d by others later 20 save losses. was
what discouraged the outside public. The
,ears were in evidence from time to
dime but their offerings seemed 20 be
vel absorbed. without enecting any
-srkcd declines There was no evidence
~ any cnort TO mark up prices. The ac-
,,p Of the market suggests that large
ooorators may be attempting TO pick up
line 81 stocks at the decline before
n,sbing prices again. with the purpose
- realizing while the public is still buy
,,g as was done on Monday and again
yesterday.
sugar was exceedingly active all day.
,rd acted in a very feverish manner.
This was partly due to realizing on stock
,,,rbt IN anticipation OF the govern
usnts decision to apply the countervail-
enc duty on sugar. and partly TO conflict
80 mind as to how far the dimcrential
refined sugar would inure 10 the
,.,eft Of the sugar company. A large
,.-.,, Of the speculation was taken up
r.-s this stock. and the offerings and
,rs weakness increased as the day pro-
Union Pacific manifested some weak
r,ss ~ times. on account of the firmly
s,r-rssal intention to the government
q, qualify as q bidder at the Kansas
p.r.Hc sale. so as TO protect its interests,
n necessary. by bidding in the property.
Ds1.4Is were also offered on behalf Of
,ra reorganization Committee that any
,ersement had been arrived at with the
government FOR acquiring the subsidized
r.rtion Of the line IN Kansas. There
vas good support apparent for the stock,
understanding this published news, and
tr. Kansas Pacific consOl 6s, trust re-
CENTS. were also steadily held.
A wide and irregular movement on the
mart OF some special stocks kept the
rersul list very much unsettled during
ihe day. and II was difficult 70 discern
any marked general tendency in the
trading. London was again a seller OF
stock in this market 10 some extent.
There was little general news bearing
on The situation. and the movement of
prices was due almost entirely TO tech
Meal causes.
The fourth weeks statement Of ST.
Paul and other roads, and the estimate
gross earnings OF Rock Island for Novem-
har were regarded as favorable, but had
little effect on the market.
The late squirt In Manhattan 10 los, a
mel, rise OF 8 points. stiffened prices. and
brought many Of them above yesterdays
closing level. Otherwise. BOSSES would
have predominated. The rise in Man
haitian was due TO a false rumor tnat
the underground rapid transit plan had
been declared unconstitutional.
The business in bonds was somewhat
Crtailed, but still large. Prices held
firm. Total sales. S2,59O,OC0.
There was an advance in the bid price
o. United States Is Of 1-2, and in that OF
the new as of Is.
The total sales of stocks were $4,000
shares. including Chicago. Burlington and
Quincy. 1928: Louisville and Nashville,
rc6): Manhattan /. $500; metropolitan
Street Railway, $3.50; Missouri Paclhc'
Obs: Northern Pacific, 500; 40 pre-
ferred. 27.62O; Rock Island 12'69l; 81. Paul,
g6l2: Union Pacific, I. r, R'V4oi Feopie
Gas. 1880; Sugar. 66,S55.
MONEY AND EXCHANGE.
Money on call easy at 11-2q2 per cent.
last loan at 2 per cent; closing offered
az 1912 per cent; prime mercahtlie
paper. IL per cent.
Sterling exchange easy, with actuat
business in bankers bills at SAS "a Tor
demand and S4SS is for sixty days; post
Cd rates. Si.4 and S4S7; commercial bills,
silver certificates. 50 1890 ID. Bar sill
vsr 70 is Mexican dollars. 45 7-&.
C7vernment bonds strong. State bonds
5ul. Railroad bonds hrm.