Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-11-15
GYRATIONS In SUGAR.
THEIR EFFECT ON STOCKS IN GEN.
ERAL NECESSARILY UNsETTLING.
MONEY MARKET RATHER ACTIVE.
Strength and Activity I'm December
Wheat-Nny Closes HIgher-Corn
and Oats show n Slight Advance
Provisions Decline.

NEW YORK, November 1.-THE stock
market has recently emanclpated itself,
In large degree. from the influence of Su-
gar. Tobacco. and such-like uncertain
quantities. but the violent gyrations OF
Sugar in to-days market could not but
have a rather unsettllng effect. Quota
tions were almost lost at the Sugar
post at the opening. and were recorded all
the way from 125 down TO 1874. Before noon
the price was quoted at 49, and again
before the close 1t went back to 1884, The
early decline was based on the fall in
the loanng rate, which was taken to IN
dictate the conclusion OF the squeeze
against the shorts, and the subsequent
recovery came with the announcement
OF an advance in the price OF the product
by the companies alleged TO be engaged
I'm trade war Of determination. The
enormous volume OF the transactions in
this speciality gave it necessarily some
sympathetic influence on the general list.
RAILROADS DRAG
The railroad list generally showed a
tendency to drag, and recent leads were
sustained at a level above Saturdays
prices with difficulty, in spite of the addi-
tional advantage Of some very striking
gains in usually inactive stocks. Finding
the difficulty Of moving the recent lead
ers. speculation showed d tendency TO
turn TO the lower-priced stocks. The
Southwestern railroads were most con-
spicuous In addition, the Flint and Pere
Marquette stocks moved up points EACH
Kansas City, Pittsburg and Gulf adj
vanced 2 rs, and Chicago and Alton
Of
Gulf bonds also showed marked strength
In the Industrial list, conspicuous gains
were achieved by the National Biscuit
stocks. Spirits (preferred). the Interna-
tional Paper stocks, Linseed-Oil, Man
haitian. and the Changers. Manhattan,
the Pacific, and the Iron and Steel stocks
showed an increasing ,heavness as the
day progressed, and some fell below Sa-
turdays close, while none of them show
net gains of more than a fraction.
MONEY RATES MAY RISE.
The money market was rather active,
and frmer to-day, and some apprehen-
sion Is felt Of a future rise in rates.
Atchison adjustments continued TO lead
the bond market, and there was notable
activity in Wisconsin Central rst, which
declined 1873, and in Texas and Pacific
I'd incomes, and some other middle
grade and low-grade issues, at advancing
prices. But some of the high-grade 4
per cent. bonds which have recently been
conspicuous for strength including the
Atchison. Northern Union Pacific. Erie,
and Norfolk and Western, were disposed
to reaction. Total, $76S5,O00. United
States As. registered, and 5s declined
Is, and the SIS, coupon, advanced Is,
in the bid price. The total sales of stocks
were 667. 400 shares including 1900 Atchi-
son: $3.50. do, preferred: 1860 Chicago.
Burlington and quincy, 27,135 Louisville
and Nashville, 1906 North American Com
pany. 1880 Rock Island. 1920 Union
Pacific, $40 st. Paul, 6Sl0 international
Paper. 1850 American Tobacco. 11,1e5
Bay State Gas, 1851 Federal Steel; 12.lS7
do, preferred; 1880 Peoples Gas, ex-
dividend; bliss Sugar, 1880 Chicago
Great Western, 5.3l5 St. Louis and South
western. preferred.
MONEY AND EXCHANGE.
3P. M-Money On call steady at 21-2aS
per cent; last loan at 21-2c.; prime mer-
camille paper. Bal per cent.
Sterling exchange easy, with actual
business i'm bankers bills at Si&Q$4.S5 Ia
for demand and sts2QS4.S2 Ii for sixty
days: posted rates. A.&dS4.S6 -: COM
mercial bills, stSGS4Sl 10.
Silver certificates. 60 1-2d6l IL. Bar sill
yer. 60 5-S. Mexican dollars, AZ Is
Government bonds irregular. State
bonds heavy Railroad bonds irregular