Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-10-23
FOREIGN EXCHANGE,
r,,, FEATURE OF THE NEW
,eag< STOCK MARKET.
EARS OF GOLD EXPORTS.
,ncrcasc, and There Is Weak
an tho Morning, but General
orfe. Follow In tho After
-rarI, r4o.se. wiped oat.
-. .n..nhAr =. -In rs c.scn-

>.-,r YORK. October PIN its essen
,r,res to-day, the stock market re
w. practically all T. previous days
h.-,g-5stlcs. including an utter lack
.,7fa interest and increasing fears
expor:s. Sterling exchange was
as nigh as 1860. IN fact. the for
] ,vsaaai,c market was the feature Of
tr.ssv ana developed most interestingly.
an increased demand for sterling 1T
I e,at-c. and nig! quotations Tor bar
/ ss ara American coin in London.
-ns local advance was all the more in
E.,-ss,trg in view OF the inadequate steam
\ easalities tomorrow, these providing
I slow boat For banks to use in for
,-ornittanres. The demand was
Z 5Ig strengthened By further sales
s- Igr London account in this mar
rEe fact may hasten the substiti-
L H., al gold for bills, as q form of inter-
L. s.5a-ar remittance, Demand bills for re-
r-ssca next Saturday were held at
l. and Zee quoted price for next We'd
.s,7, vas $3.50. business was even
s.a n volume. and the tone of the list
+ professional throughout.
| ssa6fae was The only strong stock at
r. qorairg. several fairly large lots be-
y g5a at 4 fractional advance over
u he LONDON price. The rest Of the list
< genera iy lower Pennsylvania. Balti-
E. and chic New York Central. Mis-
+ ri Pacific and several other active
" ae5s all scoring declines. The market
I5raErcd AN through The morning session.
vim no marked tendency. save for few
fuasIo rallies bat these were invariably
bowed l-y- declines. Seine Of the stocks
mir aay mentioned participated in this II
.rsss.lar movement. as did also Norfolk and
Western Louisville and Nashville. and
|JWinois Central
g4ere were. no great recessions nor vas
e- pronounced pressure shown. except
Epr-hars against Baltimore and Ohio. and
IS, Paul The rather feeble statement OF
the Brooklyn Rapid Transit Company fall
Iei 10 develop any demand for that stock.
/ london again t-ok an nnfavorable view of
tocal monctaTE conditions. and sold up
wards Of 1900 shares on balance. 1t is
lcstfulato5 that London has unloaded fully
la15 shares Of interna tional stocks on
tthis market in the last week
/ GENERAL RECOVERIES.
! Tha afternoon sessions hroun'2t general
trol5ve-ies. and early losses were for the
rdst part wiped out. The strong features
lot the day were Northwest. which made a
tro5a showing for September; st. Paul.
1iissouri Pacific. Toledo, st. Louis and
tNEestern preferred, Sugar. and Colorado
hTuel The weaker stocks were Illinois
fCaHtraf Norfolk and Western. Metropoli-
han Street Railway, and sIoss-Sheflicld
lsteel.
| Gail loans were made at between 5
fai 6 per cent Time money was quoted
+, per cent. for all dates up 10 six
s-sn:hs it was practically impossible,
tawfver. to get sixty or ninety day loans
j. this rate.
Tho bond market was very irregular to-
dar bat fluctuations were narrow and
changes very small, Sales. s1.1S5, 900. par
ryn United States bonds were all I'M
changed on last call.
Total sales of stoshs. :3l.500 shares.
MONEY AND EXCHANGE.
Elcse Money on cali firm at 400 per
rtnt: closing offered at 4; prime ner-
crrla paper, 6 per cent.
sterling excllc! ge K. with actual
t.sinsss in bankers bills at 4.S6375 fer
demand and at 1880 for sixty days;
stsd rates, 1871 and 4.S71a. Commercial
his 4.S2-C64.S3
I'ar silver SOS Mexican dollars. 30.
25vernnent bonds. steady; State bonds
l.a,iyc; Railroad bonds, Irregular