Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-05
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.
and Domestic.

ming contest between the bulls and bears,
I'm which the bulls were successful during
the early part Of the day. but in which
the bears turned the tide later and put
their opponents to rout, wiping out all
the gains Of the earlier trading. There
was everything in the bulls favor in the
early market, the lively buying or Satur-
day having apparently treasured capital
so that the prices of American securities
on the London Exchange were advanced
before the opening here Prices Of the
International stocks opened about on a
parity with the London higher level. The
mass of orders in the hands Of commits
sion houses. which were put into eXecu-
ton Immediately, showed that the home
public. as well as the foreigners. believed
that the market had TUNED again and
that the reaction had come TO an end.
4 sensational jump in Manhattan at
the opening Of over points also stimu-
lated the rise. though the small volume
OF purchases on which the stock was car
ried up and the heavy offerings immedi-
ately invited by the advance quickly
showed that the jump was due purely to
MANIPULATION. The pinched shorts having
covered, the price quickly receded, and
transactions i'm the stock proceeded on a
smaller basis, though still at a substan-
tial advance, i'm the prevalent belief that
a movement was developing for the alb
sorption of the property by surface-rail-
road interests.
Consolidated Gas was also on hand with
its regular sensation, and closed IL
heavier
The railways. showing n continuance
of the heavy increase of earnings, famed
the flame of the bull enthusiasm. The
advance Of the market under these in
huences and under aggressive leadership
extended from 1 TO points. The higher
prices invited heavy realizing sales, and
the bears added the pressure Of short
selling, under which the advances melted
away in most cases, 'the net loss being.
however for the most part fractional.
Union Pacific was a notable exception. its
loss extending TO ! 3-S. quite number
of the less active stocks escaped the
later liquidation, and retained net gains
to point or over bun the level of the
market. as a whole. closed decidedly
lower. Sugar was an active feature all
day. and it's later weakness was ma
terial factor I'm breaking the market.
The bond market showed decided ac-
cession of activity, and prices held steady
for the most part against the late weak
ness in the stock market. The total
sales were $2,1-O,OoO.
Government bonds were strong and
were bid up Is to IA for all issues.
There were sales Of registered As of 1907
at 1l2 Is to 112 Il, and of the SIS, coupon,
at ll5.
The total sales of stocks to-day were
45O7OO shares, including Atcheon pre-
ferred, 672S; Chicago Burlington and
Quincy. 2S220; Louisville and Nashville,
IL. $40: Manhattan L., 1880; Missouri Pa
cifc. 1910; Missouri Kansas and Texas,
preferred, $3.50; New York Central, 9.I35;
Northern Pacific preferred, 1850; Read
ing. 1908: Rock Island, Il0l; 81. Paul and
Omaha, 6,675: Southern Railway. l,G2O; DO.
preferred $3.50; Union Pacific, $3.50;
American Tobacco $3.50; Chicago Gas,
2S.S5O; Pacific Mail, $3.50; Sugar, 1920;
Tennessee Coal and Iron. 5'CSo; Western
Union. 7,O2l; Chicago Great Western,
1860. .-
MONEY AND EXCHANGE
Money on call firm at 21-2d3 IL per
cent; last loan at per cent, and closing
offered at 21-iQ3 per cent; prime mer-
camille paper, 41-2G5 per cent
Sterling exchange weak, with actual
business in bankers bills at $4.e4 IL for
demand and $4.S2 IL for sixty days; post
ed rates, S4.S3a$4.si and $40 1--qA.Sj; COM
mercial bills. S4SiG& .G IL.
Silver certificates, J54j6 IL; bar SILVER
So 3-4; Mexican dollars, 45.
Government bonds strong. state ponds
dull. Railroad bonds strong.
FOREIGN STOCK MARKET.
The Evening Posts London financial
cablegram says: The stock markets here
were irregular to-day. and the close was
under the best Activity was created in
Americans and West Australian mines.
THE former opened strong and soon went
over the parity. The support continued
from the Continent. but the public Is also
buving the stocks of reorganized lines.
Canadian Pacihcs were exceptionally
strong. The boom in West Australian
mines is quite professional at present.
but there is a good deal of money behind
It, ,-,
prussia is buying again. The tendency
Of the money market here Is slightly
6ruer. because of apprehensions that
NV York will take more gold.
The Paris Bourse and Berlin markets
were steady.