Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-02-02
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT 3UsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.
and Domestic.


market to-day had load OF liquidation
to carry still heavier than that Of yes
terday, and there were fewer prominent
stocks to exert a sustaining force by
special strength. The heavy offerings
were well absorbed. and declines for the
most part were confined 10 fractions, but
were very general For time after the
opening there seemed to be no diminu-
ton from yesterdays activity. Later,
prices began to yield, under the weight
of continued offerings, but the pressure
was not great, and the market fell into
dulness. holders apparently being con-
tent TO await rally, to continue the
liquidation.
The rallies were helped by the con-
tinuing strength of number of stocks,
especially Union Pacific and it's securities.
The stock named closed at the highest,
at net advance of over point. Balti-
more and Ohio showed early weakness,
but rallied 2 3-S. on an unauthorized as
sertion that the reorganization plan had
been agreed upon. Upon the denial OF
this the stock fell away, but closed with
a small net gain. The Ohio and coal
roads gave evidence of strength on the
better outlook for coal traffic, and the
report of an agreement amongst them Tor
its distribution. Des Moines and Fort
Dodge made a conspicuous movement OF
3 3-S per cent. There were some very
marked gains also amongst usually dor
mant stocks, such as Great Northern pre-
ferred. Chicago and Eastern Illinois pre-
ferred Cleveland, Cincinnati, Chicago ana
st. Louis preferred, Adams Express
and Susuuehanna and Western preferred.
There were periods of strength In other
stocks during the day, but the order was
profit-taking, and this tendency EXTENDED
even to Northern Pacific preferred, upon
which there was a quarterly dividend OF
/ per cent. declared late in the day.
London bought some stocks early IN
this market, but sold more later, whlch
probably had an influence in giving
somewhat sitter tone to the exchange
market. 1t is to be noted, however, that
a part of the cash from the interior
which is being received in New YORK.
is due to remittances on account of Aus
tralian gold received at San Francisco
10 the order of New York houses.
There was a noticeable growth OF ac-
tiyity in the commercial paper depart
ment of the money market to-day, the
SUNNY showing a decided increase. with
ont however. making any quotable eI-
feet on the rates. The rates for call
loans worked to a lower basis, in spite OF
the withdrawal of the second 10 per cent
instalment of the governments deposits
Of Union Pacific payments. This WIN
drawal was called for tomorrow, but
most of it was made to-day.
In the bond market. the Kansas Pacinc
consols were the most conspicuous 1ea-
ture with an advance of 3-S per cent,
TO 1858. Other bonds OF the Kansas
Pacific advanced 1 to points, on the
belief that they would be included in the
Union Pacific reorganization.
The bond market generally showed
continuance of activity, and prices con-
tinued TO advance. Total sales, $4,000.
United States new As advanced l-o piu'
the coupons ex dividend.
The total sales Of stocks were fOl, lOO
shares. including Atchison preferred
u 10: Baltimore and Ohio. 116l5; Chesa-
peake and Ohio, 1896; Chicago, Burling-
ton and Quincy. $50; Louisville and
Nashville. 1000; Manhattan, S9.93S; Metro
politan Traction, 1856; Missouri, Kan
sas and Texas preferred. 5,6S5; Northern
Pacific. l3 22S; do, preferred, 3O,20; ROCK
island 1885; st. Paul. 1858; Union
Pacific 60 $50; American Tobacco, lOSoO;
Peoples Gas, 1890; Sugar. s,4S7; Western
Union, 1884.
MONEY AND EXCHANGE.
Money on call easy at l13ulA' last 'oaii
at Ia, prime mercantile paper Sa+
Sterling exchange firmer, with actual
business in bankers bills at si.ef7t ~.
demand and s4.S2izas4s4A LOT Sky uay &c.
posted rates, s4S3qSfS51s ana $4'oo12eSf'oo'
commercial bills, s4.Sz. IT.,
silver certificates. 56l4G57A; bar silver
sss-Sc. Mexican dollars. $40
Government bonds strong; state bonus
-. ,.,urood bonds strong.