Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-11-05
FLUTTtR IN SUGAR.
REPORT THAT AMERICAN CO. HAS
ACQUIRED HAWAIIAN CROP.
TOBACCO DRVpS THREE Points.
Southern Railroad Stocks Quite Uni
form1y strOng-Wheat, Corn, and
changed-Lard n shade Lower,

NEW YORK, November 4.-There was
some fiutter among the shorts In Sugar
this morning, on the report that the
American Company had acquired the en-
tire Hawaiian crop. Operators who had
been selling the stock on the benevolent
intimation Of an authority on the Ha-
waiian sugar industry of the loss in
volved in the present rate for selling re-
fined sugar, hastensd to cover their short
contracts and rushed the price up / IA
points. This figure vas sustained with
difficulty, which Increased as the day
progressed, that the stock closed with
a loss, In spne of the dissemination OF ru-
mors that the company was in a way to
secure the Louisiana crop also.
Tobacco. although 1t rose in the early
dealings, dropped over points before the
close, which was a net decline of 3-s.
The trading in the specialties was hardly
as active as Of late and the Federal
Steel stocks were also neglected and in
clined TO heaviness.
In the railroad list there were various
points OF aggressive strength and a broad
y.
mess is somewhat equaliZed by the falling
of in activity Of the Changers and Paci-
lies, especially the latter, the preferred
stocks Of which did not offer a single
quotation until some time after the open
ng. On the other hand, there was a
notable increase of activity in Denver
and Rio Grande, preferred, which rose
over a point, on the strength of the con-
tinued Increase in earnings. which were
over $4,000 for the fourth week in Octo-
4 t. h.
SOUTHERN RAILWAYS STRONG.
The southern roads were quite uniform
Y strong, some notable gains being regis
cred on belief in an early resumption OF
lividends I'm Louisville, Southern Railway
md Mobile, on good trafflc returns. There
we're statements OF earnings for the
.Ourth week in october also from the
Wisconsin Central, Norfolk and Western
| Chesapeake and Ohio, Missouri Pacific
-hicago Great Western, Lake Erie and
Western and other railways, and a strong
statement for September from the Cleve-
| and, Cincinnati, Chicago and 81. 10 us
he comparative hesitation in the GIan-
| GERS was largely due TO the Rock Island
statement for September. which showed
| he increase Of S6i,3Sl in gross earnings
more than wiped out by increased ope-
rating expenses, so as 10 SHOW decrease
net earnings of over $1,000. The de-
! ssiOn TO dissolve the Joint Traffic Asso-
| iation was without effect, that action
having been discounted as a matter Of
curse.
The bond market showed a large de-
mand, embracing a wide variety OF Issues
ne per cent. bonds OF recognized roads
| continuing the faYOrtes.- The Union Pa
| life As took front rank in this class to-
lay, crossing the Northern Pacific prior
lens and closing at lM is. Total sales
| 100000. United States Ss, coupon, ad
vanced II, and the new As, registered
| is In the bid price.
The sale OF stocks were 255,4OO shares
| including 6,3Sl AtchisOn, preferred; slN
Denver and Rio Grande. preferred; 92l'
| 'hcago. Burlington and quincy; o.
Louisville and Nashville i,iS9 Metropolis
an: 5.236 Rock Island: 10 800 ST. Paul; 5,71
Southern. preferred; 20340 American To
| hacco: .3i5 Bay State Gas; 5S97 Fedora
| Steel, preferred, and 50, $50 Sugar.
MONEY AND EXCHANGE.
Money on call easy at l-2a2 per cent
last loan, per cent; prime mercantile
yaper i.404 Ii per cent.
Sterling exchange easier, with actua
business in bankers bills at A.S 3-iQ
1886 for demand. and sL2 2-idN3 FOL
s.Aty Gays; posted rates, A.5 l-2as4Si
commercial bills, SiSl 3-i.
Silver certificates. 81 l-Sq5l 3-4. Bar sill
yer. 81 is. Mexican dollars, AZ 1-2.
Government bonds strong. State bonds
strong. Railroad bonds strong.
BANK CLEARINGS.
The total bank clearings In the United
States for the week were 81 62 7i3.6 S3; pei
emit. increase, %; exclusive OF New York
5S3. 622. $50; per cent, Increase, 100.