Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-11-05
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE wonLD.
rrtces OF Money, Bonds, stocfks'
Grain, Tobacco, Cotton, Cattle
Country Produce, &C., Foreign
and Domestic.

NEW YORK, November 4.-To-day's
business on the Stock Exchange was
larger than that Of yesterday, but the
losses in the prices quoted at the close
were not nearly so large as those OF yes
terday. Although the liquidation has been
heavy. large blocks of stock being thrown
on the market, there has been good sup
port forthcoming at the decline, although
the general course of the market was
downward This course was constantly
interrupted by rallies, and as one Of those
periodical recoveres came in the last half
hour of the dealings, the days declines
are small, except in some of the less ac-
tive stocks.
The prices for American securities re-
ceived from London at the opening here
show recoveries Of a fraction all around,
and the opening prices here were ad-
the highest price of the day on the
local exchange. The reaction soon set in,
and Sugar showed signs of weakness.
Later in the day an authorized state
ment, reporting satisfactory progress TO-
wards recovery from a surgical operation
by the president of the company, steadied
this stock and eliminated one of the
principal elements of the weakness in
the recent market.
Many of the standard railroad shares
showed firm resistance to the DOWNWARD
tendencies all day, and helped the tone
of the general market. The Coalers
showed some recovery from yesterday S
weakness, and st. Paul and Burlington
held their own quite firmly. Arbitrage
brokers bought stocks i'm this market for
London account, but this was probably
to cover selling contracts made at the
early higher level in London. Neverthe-
less. 1t helped TO counteract the weak
ness in the local market
Traffic returns from railroads were a
favorable influence, Missouri Paclnc
showing an increase OF yl65,OOO in earnings
for the fourth week in October. ana
Chesapeake and Ohio an Increase OF over
$43. 900 for the same period.
In comparing current traffic returns
with those Of a year ago, IT is pointed out
that the period for this year has two
Sundays, while that for year ago mad
only one.
In the case of the grain-carfying roads,
also. last years October business was
very large, thus making this years COM
parison less striking.
Consolidated Gas declined to-day 3 Ia;
Pullman, 21-2, and Sugar preferred Zl-f'
Ronds moved in sympathy with stocks,
and showed declines. Total sales, Who
O0O
United States old As. registered, and the
new As, were advanced Is bid.
The total sales of stocks were 336,2ij
shares. including Atchison preferred
1858: Chesapeake and Ohio, $500; Burling-
ton and Quincy, 96,425; Louisville and
Nashville, S,2S7; Missouri Pacific, 1885,
Northern Pacific preferred. 1889; ROCK
Island. 1910: st. Paul. 2s,7S7; Southern
Railway preferred, 1872; Union Pacific
$50; wabash preferred, 800; American
Tobacco. $40; Bay State Gas. 1855; Chi
cago Gas. 21,12S; Sugar, 60,672; Chicago
Great Western. $3.50.
MONEY AND EXCHANGE.
Money on call easy at l l-2a2 per cent.
last loan at per cent, and closing or
fered at l 1-292 per cent; prime mercan'
file paper, 3-4@4 1-2 per cent.
Sterling exchange steady with ae'ua
business in bankers bills at SAFE IL FOL
demand and s4S2 ga for sixty days: post
cd rates. s4S3MS4.S3 IL and $4.S6q$iS6 IL
commercial bills, $4S1 3D.
silver certificates, Sass IL; bar silver
1894; Mexican dollars. AZ 5-S.
Government bonds strong. state pondS
dull. Railroad bonds weak.
FOREIGN STOCK MARKETS.
The Evening Posts London financial
cablegram says: The stock markets were
again stagnant to-day until near the
close. when there was generally hrme'
tone. West Australian mints Deing es
at,,,v boueht. Americans opened life
rs and dull. then hardened OF New
York prices, and finally closed easier
aeain. Brazllians were better. Consoi'
touched l121-2 and then gave way OF
Gales of bar gold by the Bank OF England
for Germany. an 81 ~, co.
The Paris bourse was dull. and the set
Element is passing OF satisfactorily. I'M
asanre was weak at sS.45 against 9S.5
IL. in the week.