Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-11-09
A. Saks & Company,
"SAKS CORNER"
MARKET QUOTATIONS.
NESS CENTRES OF THE WORLD.
Prices OF Money, bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce. Co.. Foreign
and Domestic.

NEW YORK, November S.--Prices OF
stocks fiuctuated very widely and very
easily traversing the range up and
down many times in the course of the
day. This indicated a feverish tone of
the speculative mind, readiness to
dispose of holdings on slight intima-
ton of possibly unfavorable develop
ments, and an equally nervous anxiety
on the part of short sellers to cover
their contracts on any account of
hardening tendency in the market. The
most formidable event in the days hap
penings, so far as any effect on values
was concerned, was the further post
ponement of the announcement Of the
courts decision in the Nebraska maxi
mum freight-rate case, which was conf
IDENTIFY expected to-day. There has been
assurance felt in Wall street that the
verdict in this case will be favorable to
the railroads, and even If a favorable
verdict had been announced to-day,
profit-taking would probably have led to
declines in the stocks affected. But the
news OF the postponement led to the
circulation of rumors that the verdict
would, in fact, affirm the validity or
the contested statute. This rumor in
duced much selling.
Special weakness was induced also in
the Coalers by the very discouragfng
reports of the condition of that Indus
try, owing to over-production. cutting or
prices. and the persistent mild weather.
There was not lacking the stock Spanish
war-scare which was made TO do duty
again to-day. These demoralizing fac
tors did not begin to be felt until some
slight Improvement over Saturdays
close had been effected in prices. Sugar
leading the way. There was notable
Improvement also in the low point to-
ward the close due to the covering OF
shorts, and on q court decision against
the Interstate Commerce Commission as
TO the regulation of rates under the
long and short haul clause, where rates
are in competition. AS consequence of
this rise at the opening, and improve
ment at the close, the net declines are
much diminished.
Spirits preferred was the first stock
to exercise an unsettling influence on
the market. with a slump OF 6 1-2 points,
on news of the failure Of the Kentucky
distiliers combination. New Jersey Gen.
53-4: st. Joe and Grand Island, LIST pre-
ferred. one of 5; Delaware and Hudson
and Manhattan. 4, and Sugar, 1873;
Omaha and Lake Shore, 3S-4; Cotton
Oil. Leather preferred, Illinois Steel,
from to 31-2 each; Burlington, Chicago
Gas. Missouri Pacific. Reading. LIST pre-
ferred and Illinois Central, Northwest,
and other prominent stocks, from TO
27-S. the latter in Burlington, as being
largely affected by the Nebraska maxi
mum-freight law.
St Paul was quite notably firm, on
London buying, and a number OF other
stocks were also bought quite steadily
for London account. at the decline. Sugar
was very active throughout the day,
and was quite sensitive to attack. De-
troit Gas was a notable exception in
the weakness of the list, with net gain
of 71-2 points. Cotton Oil gained 21-2,
net.
Bonds were weak. in sympathy with
stocks, but steadied later IN the uay'
Total sales. S155O,oOo.
The total sales of stocks to-day were
ao7 zoo shares. including Atchison pre-
ferred $3.50; Burlington 4i,430; Louisville
and Nashville. 1896; Manhattan, $3.50;
New Jersey Central 1850; New YORK
Central. 7.l37; Missouri Pacific, 2,5iO;
Nortbern Pacific preferred. 1865; North
west Terminal. 5.27S; Reading, 500;
Rock Island, 1910; st. Paul, 49,l45;
Union Pacific, lilo; Chicago Gas. 1868;
sugar. S6.95S; Western Union, $3.50; Chi
cago Great Western, 1l,45O.
MONEY AND EXCHANGE.
Money on call easy, at 1-2Q2 per cent. (;
last loan at per cent; closing onered
at 1-2Q2 per cent; prime mercantile
paper. 3-4Q4 IL per cent.
Sterling exchange easier, with actual
business in bankers bills at $4.S 3-S for
demand. and at s4.S2 1-2qs4.S2 "a for sixty
davs. posted rates, S4.S l-2a$4.co III
commercial bills, A.d 81.
silver certificates. 81 1893. Bar silver,
577-S Mexican dollars. A ga.
Government bonds weak. State bonds
dull. Railroad bonds weak.
roREIGN STOCK MARKETS.
The Evening Posts London hnanciai
h1aoram says: The stock markets
49, n,,Iet but irregular, to-day. Con-
w, ,,,ere Arm. because of easier rates
s shortness OF stock. Contagas on
.s,os are about the same as at inc
.tora settlement. Kaffirs were weak
p..'atralians were good. The general set
.,S..ant 10 begin tomorrow, Will propa-
sl '.i NE q small affair. with slightly
Dry money. Gold is in strong de-
Ind for the Continent. India is also
puying moderately, but at the prese sln
~, on exchange operation, but mercy
a. NJ resnonse TO the usual demand for
"a" Americans opened steadier, on the rise
~, york. and when New York be-
u, nan TO 70 sell the market dropped, closing
hat few more such days DAY D VIII proDo az
bly, e emu hn,ls as exist here.
braz"s On reports that negotiations are
s sssooasalng favorably for arranging
pew freight route with the w, wabash os c Sys
tenn. over the loop line OF tne 1 ,sa o Mew
western Company va avn Western sa to New
York. ontario ana "es'e'"' ~ ~
York. Dor,in roarkets were
cuiQt