Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-11-10
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.


NEW YORK, November 9.-The tone Of
the market for stocks during the latter
part Of the days trading was genuinely
strong. There was steady buying OF a
good character all day, which seemed TO
be for long account, and in the final trans
actions the shorts were driven to cover
quite urgently, carrying the level OF
prices strongly above last nights close.
so that the net gains in nearly all active
stocks are over a point, and In many
cases, notably that of the Changers and
some of the Southern stocks, are nearly
points The professional bear element
was prepared for a continuance of their
successful campaign of yesterday, and
they set about raiding the market very
soon after the opening, which showed
fractional improvements, in sympathy
with London.
Sugar was the vulnerable point of at
tack, and was driven down over per
cent. on ill-defined rumors of charges
to be formulated of illegal entries Of i'm
ported sugar.
The bears also succeeded in depressing
New Jersey Central, Manhattan, and one
or two other recently susceptible stocks,
but the sympathetic decline brought
about in the rest of the list was narrow
and gave sufficient warning to the bears
that they were not to have things their
own way so unresistedly as yesterday.
The Coalers showed a marked tendency
TO recover from their recent depression.
IA
of the very large cotton movement. which
has resulted from the lifting Of quaran-
tines. and which has sent the price of
cotton to nearly the lowest prices on
record. The whole railway list also was
strengthened by consideration OF yester-
DAYS Supreme Court decision, denying
the right of the Interstate Commerce
Commission TO enforce absolutely the
long and short-haul clause or the inter-
state law. There was a marked subsi-
dence Of apprehension regarding the rela-
lions with Spain, on account OF CUBA,
and an intimation came during the al
ternoon. after the Cabinet had gone into
session at Washington, that an official
announcement would be made OF the ex-
pressed willingness on the part OF Spain
TO accept the good offices of the United
States in bringing about settlement OF
the Cuban question.
One of the strongest factors In the
improved tone was the large and con-
fdent buying for London account.
Money in London shows an easier ten
dency, and invites increased speculation.
Part of the buying also was incident TO
the settlement in progress on the Lon
don Exchange. Reports OF railway earn
ings We're many of them, very favorable.
There were periods of dulness and hes
itancy during the day. and the total
sales of all stocks were less-than 100000
shares. Of which Sugar. Burlington, and
ST. Paul made up nearly half.
The bond market was rather quiet,
but prices held firm. Total sales, A,SS9' :
900. United States 5s declined l-S
bid. and the As registered IL.
The total sales of stocks to-day were
800 900 shares. including Atchlson pre-
ferred, 1858; Burlington, 1898; Louisville
and Nashville. 1910; Missouri Pacific,
o 54o. New Jersey Central. 1O,2l5; North
ern Pacific preferred, 1875; Chicago
and Northwestern, 5,925; Rock Island,
1913: st. Paul, ASP; Union Pacific,
s. 465: Bay State Gas, 2,27O; Chicago Cas-
2O.l45; Sugar. 72.S9S.
MONEY AND EXCHANGE.
Money on call easy at 1-2a2 per cent;
last loan at 2; closing offered at ll-zd-
per cent; prime mercantile paper, Sl-Ze
4 IL per cent. o,
Sterling exchange easy, with actual
business in bankers bills at sf.oo I--w
1854 for demand and Si.S l-zuA.o- 90
for sixty days; posted rates, A.oS IL anu
a Sc .. commercial bills $i.m "a.
Silver certificates. 81 l-2d59; par silver
81 IS; Mexican dollars, Al 81.
Government bonds steady. state ponos
dull. Railroad bonds firm.
FOREIGN STOCK MARKETS.
The Evening Posts financial London
cablegram says: The tone OF the stock
markets was generally good to-day, con-
soils leading Business Is increasing
slightly Mines were good, notably the
Australians. The Americans opened dull
hut soon reached parity, on buying mere
A leading financial daily turned oui,ish.
There was a slight set back when New
york nrices were received, but the close
80, strong at the best. The tone was
.ottor than for some time past. Con-
800 an Americans were about 4l-2GJ
per cent 49, .,os ,o~
u.,,,oh tho Indian Government announced
.,,s,opsion of the weekly drawings.
,oorn that the Indian Government has
,erad that they will announce their
decision as to resuming or not In Few
soys II Is known, however. that the
Ia5,ar treasury balances in England are
s,o roo 600 under the figures Of year
| ago. oa .-o,,, ~
The money market borrowed from the
Bank to-day.
The Paris and Berlin markets were
firm
Hr"', NEW YORK STOCK QUOTATIONS.