Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-11-04
STOCKS MAKE GAINS.
GOOD BUSINESS IN BONDS.
Southern Railway Fivcs Rise to
Par-.Wheat DecIines-CoPn Loses
1-s-Oats Advance 1-4-Pork, Lard,
and Ribs Higher.

NEW YORK, November 3.-The market
practically retrieved to-day the losses of
the last two days. the majority OF rail-
road stocks closing within a small frac-
ton of the prices of last Monday There
was considerable irregularity at the open
ing. due TO the depression in Lon
don. There was good deal OF activity
the Specialties. and changes In the Est
were almost inappreciahle, though the
market held very hard surface. Trad
ing was dull almost to the point
OF stagnation until the last fifteen mo-
utes. when the most notable gains
were made.
The movement started with a sudden
advance of nearly four points IN Metro
politan Street Railway, and Consolidated
Gas followed with an almost equal gain
ST. Paul. preferred, sold at 162 IL. a new
high record, and the Great Northern,
preferred, jumped over a point. Other
railroad stocks which extended their net
gains 10 a point or over were Omaha,
Northwest, and Denver. preferred. Gains
In the Changers and Northern Pacific and
81
point.
TOBACCO LESS ACTIVE.
The market was held through the early
dealings by the strength Of Sugar. which
reached ITO, and closed after various
fluctuations. Tobacco and Federal Steel,
preferred, also showed a hardening ten
dency, but were much less active than OF
late.
The recovery in stocks was attributed
to relief over the more peaceful pros
poets abroad. as indicated by the re-
covery In British Consols the easing Of
the discount rate In England, and the
weakness OF the wheat market. London
bought in this market for the first time
in several days In view of these devel-
opments, and the continued ease of the
local money market, the advance In ste--
ling and Continental exchange Is diff
cult to account for.
STANDARD OIL DIVIDEND.
An incident of the outside market was
the declaration on Standard Oil assign
ments" of whaNis, in spite of circumocu-
ton employed in announcing it, a divi-
dend Of per cent. regular quarterly and
per cent extra. bringing the dividends
for the year up 10 30 per cent, against SO
per cent. last year, and 81 per cent. the
year before. lie OF OF.
Paul, showing an increase for the four
weeks in october OF Sln. 40 was a sus-
tanning force throughout the railroad list.
There was a good business done in
bonds. especially i'm reorganization As.
which showed a uniform tendency to adj
vance The liquidation of some heavy
blocks in Atchison adjustment carried the
price down 3-S, with subsequent recov-
cry.
SOUTHERN RAILWAY SIS AT PAR.
Southern Railway SIS rose to par The
total sales were $3.0i5,000 United States
old As. coupon, advanced Is and the new
AS, coupon, de lned IA, in the bid price,
to-day.
MONEY AND EXCHANGE.
Money on call steadier at 3-4a2 per
cent; last loan at ! 81 per cent; prime
mercantile paper, 3-id4 per cent.
Sterling exchange firm, with actual bust
ness in bankers bills at sIS6 1-iasi.S6 1-2
for demand, and s4s2 3-4Hs4.83 for sixty
days; posted rates, st8 l-2aSiS7; CONNER
cial bills, siS2
Silver certificates, 81 1-2n69. Bar silver,
81 7-l6 Mexican dollars, AZ SIS
Government bonds irregular. State
bonds inactive. Railroad bonds hrmer.
Total sales OF stocks, 1890 shares, in
Guiding 6,l15 Chicago, Burlington and
quincy; S3l9 Metropolitan Street Railway;
$500 Northern Pacific; 5,9i7 Rock Island;
II go ST. Paul: 1900 Tobacco; 10. 90S Fede-