Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-05-07
QUOTATIONS.
REPORTS FROM ALL GREAT BusI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, stocks'
Grain, Tobacco, Cotton, Cattle
Country Produce, &c, Foreisn
and Domestic. fa1.s

NEW YORK. May 6.-There was con-
siderable strength apparent in to-days
market. but 1t was due rather to the
combined effect OF special influences OF
individual stocks than to any develop
ments in affairs affecting values gene
rally in the market. The narrowness
of the market and its professional
character left it very susceptible TO such
influences, and the fact that the short
interest has been largely reduced was
shown by the small dimensions of the
manipulative movements to Offset the adj
vance. 1t will be remembered that prices
were sold off 10 some extent yesterday,
on the supposition that British holders
of American securities would reflect the
public resentment heretofore manifested
over the rejection by the Senate of the
arbitration treaty, by offering them for
sale. AS nothing Of the kind occurred,
the International stocks. on the con-
trary, showing rather exceptional
strength. it was natural that there
should be some recovery OF yesterday 5
losses.
Another favoring influence was that
to-day was the time set by the Exchange
houses for definitely deciding whether
they should make further gold ship
ments on Saturday. The fact that no
further shipments are projected was ac-
cepted as an encouraging feature OF the
general situation.
III was noised about the board-room
during the day that one of the largest
railroad interests had given an order for
an enlargement of its holdings, and the
room-traders accepted this as a sug-
gestion to buy. Many stock movements
were largely due to special influences,
but their influence on the general list
was only sympathetic. The strength OF
Chicago Gas was such an influence, the
dealings in that stock being larger than
those i'm any other on the list. To-
gether with Western Union, Sugar, Bur-
Iington. and ST. Paul, it absorbed about
half the total sales of the day. The
pressure OH the Gould shares continued
very severe, and the long-continued
weakness of these, coupled with the abb
sence of inside support, caused the cir
culation of rumors of liquidation of
heavy interests. Later the prices OF
groups showed complete recovery, on re-
assuring statements from authoritative
sources.
There was more or less restriction
which was attributed TO a polite pur-
pose TO prevent very manifest response
in the price to the announcement or the
tariff bill.
Omaha declined because no further
dividend is probable this year. Chicago
and Alton made a marked decline on the
reduction of the quarterly dividend on
both common and preferred stock from
26 cents to "a per cent. Tennessee Coal
and Iron enjoyed an advantage on the
announced settlement OF its controversy
with its laborers.
THE total sale OF stocks amounted to
Isl SAG shares, including American To-
bacco 5000: American Sugar Refining.
Il 400. Burlington and Quincy, l5,'Co;
chicago Gas. $500; Louisville and Nash
vile $500: Missouri Pacihc, s,-oo;
Omaha. 1900: st. Paul. 5000; western
Union Telegraph, ls,SOo:
rho bond market broadened appre-
ciablv. but few important changes were
snorod I'm nrices The undertone OF the
r,orket was quite firm. The sales were
e. 197 oOo. Governments were more active,
and advanced slightly. on purchases Oh
$4,000. ~ ryct1,Ncr
Money OIL call easier at 1-ig5-i; last
loan AT IL: closed 1-243-i per cent.
urine mercantile paper. l--qi per cent.
c,ar,ino exchange slightly frmer, with
81 business in bankers bills at
ca a' s7@stSI-i for demand, and at 1850
siss1-4 for sixty days; posted rates,
% -qasi0 and si.SSgsLSsl-2; CONNER
c!al bills, si.s5 L. .
silver certificates. 6lgoi ~; SILVER Dars'
sl: Mexican dollars, 4'uf' -
Government bonds strong. state Dohus
dniI Railroad bonds firm
u'''' WV YORK STOCK QUOTATIONS..