Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-26
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.

| Spain will ultimately result from the
! Union Pacific reorganization plan will
be upset by the governments desire to
postpone the sale, and the weakness in
! New York Central, due to yesterdays
disaster on its line. combined to break
| the stock market to-day, and demora-
| lied prices throughout the list. The
| lower prices for American securities in
| London, and the decline in the price of
| Spanish As there of IL per cent. to
50 SIS, were accepted as a measure Of
the apprehension of the harm that
would be done by the threatened rup-
ture. Internationas showed sharp de-
cines, as did the Specialties, and by
noon the losses Of point or over had
spread to practically every stock i'm the
list. There was a lul in the activity of
liquidation at that time, and a steadying
| Of prices, based on the hope that the
Supreme Court would hand down IA
vorable decision in the Nebraska maxi
mum freight-rate case, and that the
! prices of railway property would tend
to improve as result.
A sharp rally i'm Chicago Gas. on the
announcement of the declaration of the
regular dividend, helped to steady the
! list. But the afternoon was given TO
alternate periods Of active liquidation
and fast-falling prices, and Of stasna-
ton and slight rallies.
The announcement of the governments
decision to apply for postponement of
! - Il IL So
and Kansas Pacific properties brought
out enormous liquidation Of Union Pa
cifc stocks. There was no check appa-
rent in the liquidation, or in the fall OF
prices. as the result of the announcement
of the Reorganization Committee that 1t
intended TO bid in the onion Pacific main
line, If need be. for the full amount OF
the governments claim. This would in
Volve an increase of 100000 over the
latest upset price the syndicate agreed
to insure the government, and OF over
sl2. 900 900 over the price fixed at the time
the reorganization plan was agreed up.
The purpose of the Reorganization Com
mittee to divide the reorganization OF the
Union Pacific main line and the Kansas
Pacific into two operations talled 20
quiet the doubts of those who have specu-
lated in Union Pacific on the basis OF
the present ItOISdilLdllpl pam 1 h' "f
parent intention Of the government 70
relegate the Whole matter TO Congress
awakens fears amongst the holders OF
the shares that delay will attend COM
pletion of the reorganization. The second
mortgage of the government on the Kan
sas Pacific for about Sl4,000GO0 is unpro-
vided for. and the Reorganization Conf
mittee take the stand that the govern
ment will be allowed TO bid the lfpperty
i'm if il is not willing to take the BID oil
the committee. The fear that this would
endanger the plan of reorganization cVi-
IDENTIFY augmented the selling. The sales
of the stock constituted one-eighth of the
total transactions Of the day
The days net declines in all the active
stocks ranged from per cent. TO over
per cent, and in Consolidated Gas reach-
ed 1-2 per cent The Nanderpllts were
conspicuously weak.
A sharp advance Of 5-S in the actual
rates for demand sterling exchange was
a feature Of the day, and was a refiec-
ton of the rising rate of discount IN
London and of the discounting OF accu-
mulating sterling bills here.
Railroad bonds were in sympathy Win
stocks The total sales were N,6lO.OC0
United States new. As, and the SIS, regis
tered. were advanced is bid.
The total sales of stocks to-day were
3OO2p5 shares. including the following:
Atchison preferred. 6695; Chesapeake and
Ohio. 5S25; Louisville and Nashville.
12.150: Missouri Pacific, 1870; Now York
Central, lab; Northern Pacific preferred,
l2.45l: Reading, $780, Rock Island, $3.50;
St. Paul. 1865; Union Pacific. SO. 400; Bay
State Gas. 10 230; Chicago Gas, 1881; Su
gar. Al ,63j; Chicago Great Western, $40.
MONEY AND EXCHANGE.
Money on call easy at per cent; :ast
loan at per cent: closing offered at
per cent; prime mercantile paper, 49
Az per cent.
Sterling exchange strong and active
with actual business in bankers bills at
81. s. 5-SGS4. s. "a for demand and A.S2 o-S
asa. So S-4 for sixty days; posted rates
81 Ss4s4. SO IL and $i.S6aSi.S6 II; CONNER
cial bills, Si.a 1-2.
Silver certificates, 81 l-Zqo9. bar sllNei'
IS. Mexican dollars, 10.
Government bonds frmer. state oonds
dull. Railroad bonds weak.
FOREIGN STOCK MARKETS.
The Evening Posts financial cablegram
saws. The stock markets were dull to
Aat to-day. Americans were specially
weak. monetary considerations, the near
ness of the settlement, and the Cuban
question. being given as reasons for the
weakness; but there is no doubt that the
fact that a number of options viii fall
due at the end of the month induces
dealers to keep down prices. 1t is not
1ulalv that the Bank of Englands dis
count rate will advance, this week, but
Tho German rate may possibly go up.
The average cpntango on Americans ut
the settlement tomorrow VIII probably
be Az per cent.
The Paris and Berlin markets were
OF Kafflrs. r.r,o>,.
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