Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-09-14
MARKET QUOTATIONS
REPORTS FROM ALL GREAT BUsI.
NESS CENTRES OF THE WORLD.
Friccs OF Money, bonds, Stocks,
Train, Tobacco, Cotton, Cattle,
country Produce, &C., Foreign
and Domestic.

! NEW YORK, September 1.-THE most
interesting factor connected with to-days
STOCK market was that the principal sup
port accorded the market was through
buying orders cabled from London. The
buying by commission-hous was good,
but aside from that the local operators
sold heavily, not only here. but in Lon
| don. The check i'm the decline here was
credited TO London buying, and the Lon
don favorite stocks were the steadying
| factors. Altogether, London bought $1,000
shares. The stocks most largely bought
/ by London were St. Paul, Kansas and
Texas preferred Union Pacific, and
Southern preferred. IL it had not been
for the upward tendency of prices at the
opening, in sympathy with the London
quotations. it is probable that the net
declines would be much greater than they
are. Thus, the extreme decline in Bur-
lington was points; in Missouri Pacific,
2 Is; st. Paul Rock Island, and Northern
Pacific preferred. SIS; Manhattan, 2 7-s;
Mobile and Ohio, IL, and in large
number of shares over point. The rise
at the opening and partial recovery at
the close make the net losses less than
this. but the average in the active stocks
is little less than a point.
The good effect Of the extra dividend in
st. Paul was the cause of the increased
buying. The New York selling was at
tributed to yellow-fever and to an appre-
hension that the Cuban question would
again assume acute phase at the
Cabinet meeting tomorrow. 1t was
somewhat notable. however, that Louis
Vile Which has shown such sensitveness
10 the yellow-fever reports, closed with
a small gain.
That some enormous speculative hold
ings were i'm course of liquidation to-day
was obvious, and there is little ground TO
doubt that the owners were impelled to
take profits by a conviction that prices
have fully obtained level commensurate
with developments, and the earning power
Of the properties. The decline was en-
couraged as much as possible by the
bears, and the effect of fierce raids was
evident in a number of prominent stocks
The bulls made an effort to check the
decline by pushing Omaha. Kansas and
Texas preferred, and Northwest, but were
only partially successful.
Silver scored a further sharp recovery
of 1-2 cents i'm New York and 5-Sd. in
London.
The total sales of stocks to-day were
5S7,3l7 shares, including Atchison pre-
ferred. IS 965; Chesapeake and Ohio, 1920;
Chicago, Burlington and Quincy, $500:
Louisville and Nashville, 1920; Manhat-
tan l., 1925; Missouri Pacific. 14,400; Mis-
souri, Kansas and st. Paul. 800; the pre-
ferred 26.G0O; New Jersey Central 600;
New York Central. S,l75: Northern Pa
cific. 57lO: do, preferred. 21,0O0; North !
,sroct Terminal = Tx. Raadinp 1g ROck
Island. $3.50; st. Paul. 5000; st. Paul
and Omaha, 1920; Southern Railway
5000: do, preferred, H700; Union Pacific, |
p $50; Wabash preferred. $500; Wheeling |
and Lake Erie. 1900; American Tobacco, |
IS 500; Bay State Gas. 1890; Chicago Gas, |
6, 1926; Colorado Fuel and Iron, $780, |
Lead. 1920; Sugar 100; Tennessee Coal
and Iron, 7400; Western Union, $50; Chi |
cago Great Western, 1880.
Speculative mortgages scored sharp de-
clines. but high-priced bonds held firm.
Total sales. $3,6OOO0O. United States new |
As declined 1-Sd., bid price.
MONEY AND EXCHANGE.
Money on call firmer at 1922 per
cent; last loan at per cent. closing
offered at 1-2Q2 per cent; prime mer-
camille paper. 3-4q4 IL per cent.
Sterling exchange weak. with actual
business in bankers bills at &.S5 LA
S-S for demand, and si.S3 Lao
s4.S3 3-S for sixty days; posted rates.
s4s4qAS5 and $4.S6 1-2qA7; commercial
bills. StS2.
Silver certificates, "a 1-2Q55 IL; bar
silver. Sc 1-2; Mexican dollars, 43 1-2.
Government bonds easier. State bonds
dull. Railroad bonds weak.
FOREIGN MONEY MARKETS.
The Evening Posts London financial
,ablegram says: In the stock market mere
Americans opened firm above the parity,
and rose steadily until New York sent
orders TO sell, when the course OF prices
was reversed and the closing was irregu-
ar So far as London is concerned the
market for Americans seems TO be grow
ng. 80
The other markets were fairly good
with Grand Trunk and other Canadian
stocks still rising,
The Bank of England to-day sold
urther f77,OOO in gold for export to Rus
ia the transaction being arranged
through Berlin.
Tho Paris Bourse was quietly STEADY,
nd the Berlin market firm.
WV NpRK STOCK QUOTATIONS.