Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-05-20
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT DUsI-
NESS CENTRES OF THE WORLD.
Prices OF Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
md Domestic. gt
md Domestic.

NEW YORK. May 19.-The firmness
: shown by many standard shares in the
rather stormy viclssitudes Of to-day
stock market was quite remarkable.
considering the existence Of two such
centres OF depression as New Jersey
! Central all day. and Chicago Gas I'm the
late dealings. after the receipt OF news
OF the defeat in the Illinois Legislature
OF the bill permitting consolidation OF
the gas companies. TO estimate the ex-
tent OF the influence that might have
been exercised upon the general market
by these two stocks, 1t must be con-
sldered that they absorbed over $1,000
out OF total Of 10000 shares dealt In
! on the Exchange for the day, Chicago
| Gas alone being credited with 5000
] shares. A large proportion OF these
sales were made in the last hour and
a half OF trading. and enormous blocks
! OF stock were unloaded with precipi-
/ tated eagerness, which had been bought
! IN the confident conviction that the con-
| solidation bill would succeed. The price,
7 which had advanced a point in the morn
ing. tumbled headlong 3-S per cent,
lowest point was reached. when there
was feeble rally. The Generalization
in this stock was i'm fair way TO break
the whole market. and did. in fact. carry
prices generally below the close last
night. and wipe out the gains Of the
earlier part of the day. but the final
rally in the market brought many
prices back near to last nights close,
or fractionally above it,
New Jersey Central was a centre OF de-
preston all day, and sold off 23s, with only
fractional rally at the close, carrying
with it Delaware and Hudson, which
lost 17-S. Reading and Lackawanna,
however showed a net gain on the day.
Notable declines i'm other stocks were:
\ point in Sugar and Manhattan. Ii
in Tobacco. and SIS i'm Tennessee Coal
and Iron. There were other losses in the
list. but they were small. and many
standard shares were on level with or
above last nights close. The day 5
trading. though still narrow, was marked
by a notable undercurrent OF strength,
based partly on the apparent termlha-
ton of the war between Turkey ana
Greece. and partly on a conviction ar
rived at by public opinion in the street,
NV its own processes Of reasoning that
the administration at Washington had
determined against any radical steps in
regard TO Cuba
The outward gold movemzt is no
longer viewed with such marked appre-
hension as at first. on account oil the
evidences that it viii be restricted 10
moderate proportions There was
slight hardening tendency in exchange
during the day. showing that bills were
being slowly absorbed, in spite OF very
light demand. The gold export Tor the
week is. however. expected to be smdu.
rise OF l ga i'm the price OF st. Louis
and san Francisco. LIST preferred, on
rumors of an approaching dividend de-
claration. was one of the features OF the
dav. Norfolk and Western, preferred,
also rose Ii. but lost most Of the adj
vance. ,
The total sales for the day amounted
IN 172Ssl shares, including American
sugar Refinery. $500; Burlington ana
Ouincv 1850: Chicago Gas, 200; Deia-
ware and Hudson. 5000; St. Paul, u'VU'
Tennessee Coal and Iron. $500.
Railway and miscellaneous bonds were
without essential change IN value az
though a decidedly firm undertone was
anparent. Business was moderate. with
onerations largely restricted TO the
nrominent issues The sales were $9Sl'loO.
Governments showed an improving
tendency in the forenoon. but SUISSE
ouently eased off. The transactions ag-
gregated $500.
MONEY AND EXCHANGE.
Three p. M-Money on call easy at
1r-i011-2 per cent: last loan Il per
cent. closing offered at l-fpl u per
cent: prime mercantile paper, l-2Qi per
cent. go, .,
Sterling exchange steady, with, actual
business I'm bankers bills at Si.si LIN
sfS71 10 for demand, and at Sho5 l-s4
slSS1-4 for sixty days; posted rates $t,o'
and sASGSfSS1 Il; commercial DIS
S4SS II. -, .,,,.,.
silver certificates, GOQ6o -; bar silver
eo1-2: Mexican dollars, A S-S
Government bonds easier. State pohds
duu. Railroad bonds firm.