Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-11-12
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices OF Money, nonds. Stocks,
Grain, Tobacco, Cotton, Cattle
Country Produce, &C., Foreign
and Domestic.

and Domestic.
NEW YORK, November n.-Stocks
proved unable to hold the gains of yes
terday, and prices to-day have declined
to an extent which nearly wipes out all
Of yesterdays gains, the net declines
extending TO point or over In large
number Of standard active shares. The
decline of American securities in Lon
don before the opening here caused weak
ness at the outset and London was also
quite an active seller in this market all
day. After quite a strenuous resistance
to the decline just after the opening, the
market gave way. and with the exception
OF periods of dulness and steadiness,
the course of prices was downward du-
ring the remainder Of the day.
The London selling was quite a factor
in the decline, and the revised estimate
of yesterdays decision concerning the
antitrust laws by the appellate division
of the Supreme Court at Albany was
also a depressing influence. Apparently
the conviction in Wall Street that the
law had been declared unconstitutional
obtained until to-day, and a realization
that the validity Of the law had not been
passed upon, and that the incidental
opinion expressed In the decision rather
pointed toward unfolding its validity,
materially weakened prices.
This weakness was especially manifest
in the Coalers and the Industrial spe-
cialties. and had something TO do
with the sharp decline in Sugar, which,
at the extreme amounted TO five points.
Sugar was. moreover, weakened by
special considerations, one OF which was
the probability that the control or the
Hawaiian crop was about to pass 10 It's
competitors. There was also some APP
prehension as to the final decision or the
government as to the question of counter
vailing duties on bounty sugar, which
is the subject OF diplomatic negotiations.
| The dealings in this stock were large,
| and the fluctuations affected the market
| by sympathy quite strongly.
Consolidated Gas also suffered one OF
| its characteristic slumps Of 6l-2 points
| to 100.
Sugar touched o price to-day fully
point lower than its previous low point
| in the present movement, but it rallied
quite strongly a point in the closing
transactions. Peoples Gas, the sue
cessor company to Chicago Gas, was
| markedly heavy throughout the day,
! and closed with a net decline OF nearly
11-2.
| The Southwesterns were weak, not
withstanding very favorable showings OF
! earnings for the first week in November.
Missouri Pacific showed an increase Oh
| sl66 900 over the corresponding period OF
| last year, and Kansas and Pacific an in
| crease of nearly $4,000. Chesapeake and
| Ohio was the only railroad TO report
| decrease for the first week, and this de-
| crease amounted to sl42i3. The railway
| list was weak throughout, and net losses
of a point or upward are shown all
through the active list. The dealings in
Sugar were almost one fourth of the
| total.
There was a falling off in activity in
| the bond market, and prices declined in
the latter part of the day. Total sales,
| s1.440,OOO
| stocks. 2S7.7l0. total sales, including
| burlington. q. 7O5; Louisville and Nash
willie. II 145; Southern Pacific, 1876; North
crn Pacific. S,4S5: Reading, $500; Rock
Island. 1921; St. Paul, 2S,79o; Union
| pacific 6.3s0: American Tobacco, 7.I3O;
| pennies Gas. 17,1S0; Tennessee Coal and
| Iron. 1910; Sugar, $3.50; Chicago Great
i
| Western, S.65.
MONEY AND EXCHANGE.
Money on call steady at 1l-2a2 per
| cent. last loan at 2 per cent; closihs
offered at 1-2Q2 per cent; prime hNe'
camille paper 1-2Q4 IL per cent.
| Sterling exchange firm. with actuai
business I'm bankers bills at A.eo I-fu
sag1-2 for demand and si2 l-2gA.sZ "a
for sixty days; posted rates. A.SS IL ana
"a s1-2. commercial bills, s4.S "a.
| silver certificates. 81 1-2a5S IL; par Sill
YER 81 s-s; Mexican dollars. 40
| covernment bonds strong. State bonds
duu Railroad bonds heavy.
LONDON STOCK MARKET.
Tho Evening Posts London financial
ooheoram SAYS: The stock markets
uare nuiet. but firm. to-day. The tea-
,,ra was the further rise In consois'
ia IN other best investment stocks, on
| .n,1,,ina investment buying. kaffirs are
.roaricans opened firm. but the rise
,,d,,ced nrofit taking here. The recent
u as have cabled you, has been
.,-,,d and cautious. Finally, stocks
s forward freely from New YORK
oa h ,r,ces consequently closed weaker.
an %rond trunk is still booming. but
oda pacific was fiat, partly on the
an ;ss,a of f.Oo0,00o in capital which,
ne" Understood, has been underwritten.
III, r,arlyet was again borrower at
the bank to-day. ,,ors.
steady. r,ov,