Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-02-24
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain. Tobacco, Cotton, Cattle,
Country Produce, &c, Foreign
and Domestic.
and Domestic


further decline in stocks undoubtedly re-
Elected a condition of real apprehension
IN the minds of holders Of securities as
70 the developments in the Cuban ques-
ton. Commssion-house orders to sell
were in large volume, even at the open
ing. and these soon swept away the adj
vances over Mondays level, which had
been deliberately arranged by use Of ca
bic ia establish higher range of prices
in London over the holiday There was
professional buying at the opening de-
signed TO the same end. but not even The
first quotations were up to the London
parity. Gains were speedily wiped out
by the slump which followed the aban-
dOnment of the professional attempt to
sustain prices. the uncovering of mar
gins, and selling orders to stop losses,
brought a flood of stocks on the market.
Sugar led the break. with a decline Of
over points. A rise followed but the
stock was feverish all day, closing near
the lowest. at an excitement decline o1
over points. The local specialties were
also centres of weakness. Great North
ern preferred dropped off points.
The weakness of the morning was in
spite Of large buying in this market for
London account. Estimates Of the vol
ume of this buying ran as high as 10000
shares of stocks.
The London market and the Cont
mental exchanges showed an improved
tone in the subsistence of apprehension
regarding the West African situation
but there was a significant decline IN
London and Paris in the Spanish As,
the closing price in London showing
loss of SIS as compared with Monday
closing The days net losses exceeded
points in only a few Of the standard
stocks, but were over 8 points in some
of the SDecialties.
The outlook in the money market Is
not such as to encourage speculation.
Call loans were made at per cent. TO-
| dav Currency continues to move TO the
interior and the Sub-Treasury had
credit balance at the clearinghouse to-
| dav of 81. az. SIC, rejecting the Withdrawn
of another 10 per cent. instalment of the
governments deposits Of the Union Pa
cific payment
Foreign exchange weakened only Slight
w i'm face of the large London buying oil
stocks. The decline in exchange on PARIS
was more marked. This development Of
fers some confederation of the report
that a portion of the money when Is go
ing from Paris to London on account OF
the disturbed condition Of affairs at the
French capital is going into American
securities.
Standard Oil liquidating certificates are
| not dealt in on the Exchange, but io-uay
they sold at $40, as against 800 at the open
| ing to-day. Before the recent ~ per cen ,.
dividend distribution the stock sold at $40
Bonds were weak, in sympathy WIN
stocks. especially in the speculative IS
s,,es There were very heavy dealings III
| Union Pacific. Total sales, 4,275,OD Gov
eminent bonds were decidedly weak.
United States new Is. registered decilheu
"a. do. coupon. -; the old As reglstereu'
| the IS. and the Is, Ia bid. ....
! The total sales of stocks were 5Zh2VV
shares. including Atchison pre1erred)' "
| 2eO. Canada Southern, $500; chesapeake
| and Ohio. 6,4S5; Chicago burlington anu a.,
| Quincy. 81 119; Louisville and NashVllie' TO-
| eeo. Manhattan, 2916l; Metropolitan street
pailwav $3.50: Reading first preterreU'
| G COO. Missouri Pacific $3.50; New Jersey
| Cont~aI ESQ. New York Central, lS'UZO'
! Srorthern Pacific $3.50; Northern Pacihc
| I0raferredo 81 .729: Chicago Northwestern
20, Rocl, Island. 1854; st. Paul. 44'ozo;
Union Pacific 1896; American 1op ID, ,C,S
s451 Peoples Gas. $3.50; sugar '-'V'''
Western Union, n'7O
MONEY AND EXCHANGE.
p M.-Money on call easy at o 80 =.
nor ! cent last loan at 80 per cent n,
,,ri,oa mercantile paper Sa4 pei t,,st
sterlihs SAv ni'ers' bills at S4.S5 S-S for de-
ness Hd IN and sisaslSs Il for sixty days;
n rll"i rates. $44a$4S6 II; coi'i'''e''''''
bills. A.S2. --,.o0se ,-9c bar sill
SILVER CO. oo. Mexican dollars, - lie
Government bonds weak. 9'''0
dnu Railroad bonds weak
'' NV YORK STOCK QUOTATIONS, o..s