Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-08
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BU5l'
NESS CENTRES Oh THE WORLD.
Prices or Money, bonds, Stocks,
Grain, Tobncco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.

NEW YORK, october Tine sum anu
substance Of to-day's market may be
comprised in the words Chicago Gas.
The announcement that the companies
outside of the consolidation had been
sold to a syndicate representing interests
powerful i'm gas in many other large
cities caused a slump at the opening OF
the stock market of over three points
within the first few minutes of trading
4 block Of 1900 shares was the initial
sale. at prices ranging from SO to 90 ana
the first of these was the highest price
OF the day. The stock sold at one time
as low as 80 3-S, the pressure OF long
stock being augmented by vigorous eff
forts on the part Of the bears. Large
| blocks of the stock were sold short In
the interest of the bear clique, with the
design of effecting a sympathetic de-
cline of the general market. The total
sales were over 100000 shares.
The purpose Of the bears was only part
ly successful, and before the termination
of the first hour the shorts were cover
ing hastily and the prices of many
stocks, the high-priced Industrials being
| conspicuous, rose a point or over. The
market declined again under renewed
pressure on Chicago Gas, and for the
| balance OF the day fell into = condition
Of almost total apathy. The available
| offerings Of stocks at the low lever were
apparently exhausted, but ii was equally
apparent that buyers were not ready 10
bid up prices to point that would invite
sales in any quantity
mt
of gold had been engaged for import TO
New York was without apparent effect.
either on the stock market, the money
market. or the exchange market. Lon
don was a buyer to a small extent on
balance. Net changes are very narrow
| in almost all cases. and are distributed
between gains and losses.
Consolidated Gas and Laclede Gas lost
11-2Q1 S-4, respectively, in sympathy
with Chicago Gas New York, Chicago
and st. Louis second preferred declined
31-4 Tobacco rose over a point, as did
Pittsburg, c. c. and st. L., and Metro
politan Traction gained a point
| The changes i'm the prices OF bonds
were slight and the volume of dealings
was small. Total sales, N42OOOOO.
United States new As were advanced
II bid. and the IS rose Is bid.
The total sales of stocks to-day were
10000 shares. including Chicago, Burling-
ton and Quincy 1905 Louisville and
| Nashville. 9O57; Northern Pacific pre-
| ferIed. 134SO: Rock Island 1885, st.
Paul. 2OOO5: Union Pacific, 6,2l9: Ameri-
can Tobacco, 800; Bay State Gas. 2i5O0;
Chicago Gas. 1O3. 185; Sugar, 1857; Chicago
Great Western, 1850.
MONEY AND EXCHANGE
Money on call steady at 2G3 per cent.
last loan at IL per cent, and closing Of
fered at 2Q21-2 per cent; prime mercan-
tile paper, 1-2d5 per cent.
Sterling exchange dull but steady. will
actual business i'm bankers bills at $LSi g.
for demand and $4S2 1-ldSiS2 ID for sixty
DAYS; posted rates, $i.S2 1-2aS4.S3 1-2 anc
S4s5dSiS5 1-2; commercial bills, Sd.
Silver certificates, 56057; bar silver, IS
! Mexican dollars, 43 l-2
Governments bonds strong. State bond.
duh. Railroad bonds easier.
FOREIGN STOCK MARKETS.
The Evening Posts financial cable
from London SAYS: The stock market!
here were irregular and inactive to-day
the only firm markets being in Kaflirs anC
West Australians, the former on cables
stating legal opinion which indicates
the possibility Of caDcelling the dynamite
monopoly. and on rumors OF i'm
portant discoveries OF gold IN Matapele
land.
Americans kept up the parity, although
dun. New York prices were better thar
Yesterday and the close was firm on re
ports of the shipment OF 100000 in golf
TO New York. Henry Georges nomina
tion had less effect here than in New
York. being Offset by the gold movement
and the peaceful Cuban news. The hes
informed operators. however, look for al
uncertain market for awhile. Genera
Securities closed dull, on exports of gol
TO New York and TO Egypt. and to III
weakness of bank returns.
The trade relation statistics show
heavy falling off in the exports of linen
and cotton goods to the United States.
The Paris Bourse was firm, being elate
bv the good Rio Tinto dividends. IN
Berlin market was steady. Money !
aaeior there after the end Of the quarter
A