Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-03-19
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.

NEW YORK, March 1S.-The tendency
of the security markets to-day was up
ward. although at intervals there were
periods of hestancy, the result of pront-
taking. In the afternoon the sold-out
bulls and others who favor reaction
raided Reading on an absurd story OF a
dissolution Of the underwriting syndicate.
The fact that the syndicate has pracu-
caIly accomplished it's work, and that IN
der the terms of the contract it will SO
out Of existence on April LIST, was ignored
by the orginators of the rumor. The
great strength of the Vanderbilt group
was he most encouraging feature OF the
market from a bull point of view. New
York Central rose to l005-S, the best
figure of the year. on semi-ofhcial sta,e-
ments that the refunding scheme was
progressing favorably. Big -Four ana
Northwest were bought by brokers iden-
titled with the Vanderbilt interest, while
Omaha ran off IL per cent, the recent
sharp rise having invited proht-taklng
The Southwesterns, Changers, and LOUIS
Vile and Nashville were in fair demand
and recorded slight advances. During
the afternoon session, however, Reading
was freely sold, and fell l II, TO - IL,
for the common, and 3, to AZ, for the hrst
nreferred. Jersey Central dropped -,
10 g31-2. and American Spirits preferred
2 10 81. The break I'm the last-named
was due simply to the execution of stop
loss orders.
Sugar was the feature Of the Industrial
group one firm bought 1900 shares
carving the price up to 1l5 II. Improved
trade conditions and rumors that the
Senate will modify the sugar schedule IN
the tariff bill had a stimulating eject
Late in the day the company reduced re-
fined l-Sc. on all grades, and decline 10
1141-4 followed in the certificates. Paclhc
Mail moved up to y rs, on the announce
mont of the safe arrival Of an overdue
steamer. Chicago Gas was notably strong
throughout. and at one time sold up 10
1894 1t was reported that the consollda-
ton bill will shortly be introduced in the
Illinois Legislature.
Rubber preferred dropped nearly 3 per
cent. the recent reduction In the price OF
the manufactured article having induced
further liquidations
Speculation closed steady In tone. Net
changes show gains Of 1884 per cent,
New York Central leading. Big Fo1r'
omaha Lake Shore. Reading, and Rub
her lost 7-sG2 rs per cent. on the day.
The total sales were 277,35o shares, m
Guiding 547OO Sugar. 2,G0O Chicago Gas,
and 1850 Omaha.
THE bond market was strong In tone.
The sales aggregated A,@SOoo.
treasury balances: Coin, A5l,O76, 465;
currency. s6s.7sl.S56.
MONEY AND EXCHANGE.
Money on call easy, at 1-2al 81 per
cont last loan at H. and closing offer
Cd AZ / -; prime mercantile paper 0l-z
PEI Rar silver. ella Silver at the board
quiet. mt. ond e+oodv
win actual business in bankers bills at
:, e., -90st s. "a for sixty days and ASQ
for demand: posted rates. 1886 la
q rs 81. commercial bills. s4si 1-4as4. s. IL.
Government bonds easier. State bonds
d,Il Railroad bonds steady.
STOCK QUOTATIONS..