Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-04-30
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT DUsI-
NESS CENTRES OF THE WORLD.
Prices Of Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.

NEW YORK, April 29.-The dulness of
the stock market to-day has not been
equalled for many months. but there was
flrmness manifested in prices, and an UNI
dercurrent Of strength that refused to
yield TO some very discouragiDg circum-
stances. The total transactions of the
Exchange fell considerably below 10000
shares. and only three stocks-Chicago
Gas. Sugar. and Burlington-were dealt
in TO exceed. 1000 shares. The market
for Americans in London also was dull
and neglected, and even the professional
traders found little to interest them.
There is no doubt that the partial suspen-
sion of trading was partly due to the
uncertainty regarding the dimensions
likely 10 be assumed by the gold-export
movement
EXPERTS differ as to how far the gold
movement Is due to the premium ON gold
in London, and how far 10 natural trade
conditions. The new announcement TO-
day that a further shipment OF gold VIII
be made next Tuesday. to the amount
of $500. COO by Boston house, shows
that the fall in the exchange rate to
AN1-2 for demand sterling was not low
enough TO prevent shipments. although
IL is lie below the point which exchange
houses agreed upon last week as neces-
sary to assure them SUFFICIENT proht TO
make il worth while 10 ship gold. The
effect on the stock market was senti-
mental to "A large extent. Ii having be-
come a habit during the period of the
depleted gold reserve winch accompa-
MED the last outward gold movement. to
sell stocks on every announcements vi
exports of gold.
Notwithstanding the partial stagna-
ticn of trading. the net result of the
DAYS business was an average gain OF a
fraction. and the upward movement or
stocks was only interrupted by depres-
sion in special stocks. New Jersey Cen
trol was one of these. and it declined
21-s recovering only 3-s per cent. The
other Coalers showed the most marked
declines, in sympathy. Western Union
was also heavy In the early dealings
but more than recovered the loss. Baiu-
more and Ohio sagged IA, on the issue
of additional receivers certificates. and
rallied "a The very favorable March
statement of Burlington. which showed
net increase in the earnings OF s2SiUo.
did not impart great strength 10 the
stock. as 1t had been bought recently on
the belief that the increase would amount
to 100000.
THE close was quiet, but firm, and at
shade off from the top prices. The total
sale of stocks amounted to sl,3l5 shares'
including American Sugar Refinery, ll,oco;
burlington and quincy, n.0O; chicago
Gas II. 500: St. Paul. $500; Western Union
Telegraph. $500; New Jersey Central
5,lOc.
The bond market ruled firm. on mode
rate dealings Variations in the ieadins
speculative issues were exceedingly mar
row. Although a greater variety or the
usually inactive mortgages were dealt III
than for some time. the changes lacked
significance. The aggregate sales were
S917 600. Governments displayed an I'M
proved tone. and gained slightly on lgnt
purchases. The transactions were A'ioo.
MONEY AND EXCHANGE.
Money on call easy at l-i@1-2 per cent;
,ost loan. -: closed at 1-4ul-2 per cent;
nrine mercantile paper, 1924 per cent.
sterling exchange steady, with actual
business in bankers bills at A.S' l-Zu
StS73-4 for demand and As6 1-iasis6 II
for sixty days posted rates, A.s1qA.S. IL
and si.Ss 1-2aSLS9; commercial pilis'
s4.S5 1-2 -, .,,,.o-
sGver certificates. 81 S-ia62; bar silver
CT SIS. CT, .,s.
Government bonds strong; State bonds
dull. railroad bonds firm.