Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-11-14
MARKET QUOTATIONS.
REPORTS From ALL GREAT nUsr-
NESS CENTRES OF THE WORLD.
Prices of Money, ncnds. Stocks.
crais, Tobacco. Cotton, Cattle.
Country Produce. &C., Foreign
and Domestic.

Ft&AhNAt NAo NC-Qls WDol}y tnEdktu N
buying stocks to cover short contracts
over Sunday. the general hrmnesr in the
tone OF tho market admonishlng them to
protect themselves. Thus relieved, prices
moved quite uniformly upward. There
was no great animation In the trading.
bat some OF the buying was called OF
q substantial sort. The Coaiers continued
20 display strength. on reports Of a PEND
ing agreement 10 restrict the output, and
on the more favorable weather. New
Jersey Central and Delaware and Hudson
each rose 2 points at one time. but both
reacted. the latter losing all its gain.
The Changers also showed gains. Rock
Island being especially strong. The buy
ing of these stocks was partly in antici-
patton OF a favorable decision by the
Supreme Court on Monday in the Ne
braska freight-rate case. The days
gains In this group OF stocks are near q
point. Sugar made further progress to-
wards recovery, n rose at one time S-S
above last nights close. it's net gain be-
ing ! 81. This stock again absorbed about
one third of The days total transactions,
with sales OF over 5000 shares. Rock
Island was the only other stock on he
list to show sales Of over 10000 shares.
The bank statement created little i'm
preston, as Il indicated no substantial
change In the money market. Notwith-
standing the sharp reaction on Monday
and again on Thursday. the level OF prices
for stocks is substantially higher Than II
was a week ago. and the net gains are
over 2 points In q large number of the
81 --gfw-.I .AaIaa Tho IpAFNgfrf0I
shares. notably Consolidated Gas and
Sugar, nave not done so well, IA the
former is Ia points lower. Sugar shows
a net decline Of / rs, which is a recovery
az gS-S from the lowest of the week. The
recoveries shown In the general list are
more noteworthy. in view of the activity
and weakness of Sugar.
The Coalers were quite conspicuous
features. breaking heavily On Monday,
on reports of overproductlon and price
cutting. and the continued milo
weather. on Wednesday came the decl~
slon Of the Appellate division OF the
New York Supreme Court. affirming the
decision OF a lower court that the Al
torney-General's position was insufficient
10 warrant an order for the presidents
OF the coal companies TO appear before
& referee for a hearing under the anti
trust law of the State. The impression
preva!led in Wall street throughout
Wednesday that the courts decision had
bacn that the antitrust law was uncon-
stitutfonal. thus overthrowing the law
az a whole This law was directed, not
only against the coal companies, but
also against the great industrial aggrega-
tons of capital, n the stocks OF all
these corporate institutions moved
strongly upward in price on the decision
Dealers in railroad securities regard
ed the decision on the long and short
haul OF great importance, as it tends TO
enforce the right Of the railways TO NIX
their own rates, IN that 1T restricts the
authority of the Interstate
Commission. 1t is also looked TO 10
stimulate the advocacy by that o OK
a railroad pooling bill. which railroad
owners and managers are inclined to
regard as a panacea for Their hnahclal
lie.
These two judicial decisions were cou-
pied with reliable information from
Washington that the President ana
members of the Cabinet regarded
spain's reply TO United States Minister
Woodford's note as friendly, and that
confidence was felt that there would be
no occasion for a rupture with Spain
over the Cuban question.
The strong and aggressive tone I'M
parted 10 the speculation by these rae
tors gave hope that a sustained upward
movement of prices had begun, put
THURSDAYS reaction, due to a better
comprehension OF the scope Of the AL
bany decision on the antitrust law,
dashed this hope.
The heavy decrease in November OF
last year led to some apprehension Of
n sirnllar result this year. But traffic
returns for the first week In November
relieved apprehension OH this store. Fifty
roads report an increase OF 2z5 per cent.
I'm earnings. but with one more business
day this year than last. This is in part
due 10 the coming forward OF the cot
TON DELAYED by the yellow-feyer quaran-
tine 10 the increased grain movement
,nduced by higher prices for wheat, and
20 the heavy movement Of soft coal. The
,noreases in earnings of the bituminous
coal roads for the first week in November
ran from 50 to 100 per cent. and over.
confidence Is felt in the outlook in the
money market. which continues STEADY
THE payments 10 the government by the
Union Pacific Reorganization Commit
tee which already amounted TO N'S0i,4zo'
have created no ripple in the money
market. owing to the arrangements LOT
depositing the payments IN hatiohai
banks. which repositories give the ooha
in corresponding amounts al Washlng-
ton as security. The same measures, IL
e. felt. will prove equally efficient in pre-
venting any furry at the time OF the
navment of the remaining amounts due.
Trading in low-priced railroad bonds
bss heen active during the week, ana
nrlces have advanced from one 10 W
points in many cases. Iotal safes
sS.SGO.O0O.
Tbe total sales OF stocks to-day were
122 900 shares, including burlington o,ooo'
Rock Island, 1868; st. Paul. $780, reo-
pies Gas. 500; Sugar, $3.50.
MONEY AND EXCHANGE.
NonAv on call nominal. at 11-2Q2 per
cent. prime mercantile paper l-2ef IL;
sterling exchange firm, witt actual
h,S,ncga IN bankers bills at AS l-2g
0@a4 Tor demand. and $I@ 81 for sixty
49,. nosted rates. Sl& IL and $i.o III
commercial bills. Si.S2QS4G3 "a.
par silver. 81 "a. Mexican dollars ol-o'
STATE bordg dull. Railroad bonds hrm'
Government bonds firm.
Ne" i0" Closing stocks.
Atcnisos. ropeks ana santa 10 o1ks
At,n son, preferred I1S
Baltimore aud Oai1 al
CanaGa Pa hhc. -. "" - b3Lb
Csuada Southern. .......-. ~
Central Pacific o13E
phssApsaKs Alt ID --..- .-.'""" InhS
CticsRo AnQ AsoH .......". o4"
Chicefo, burnnEtons a. = iacf.'. k5L6
Cbisseo and Eastern Illinois, .......'.s'. SS~T
C.. O.. G.. and 81 LOUIS. ........"'"' So
C {. aud ST. Louis pretefrei....'",nos
DeiaWsrosnd Hudson $50. ~
DelaWare'~ LacKawanna and Western 80. i29
-. gMaA