Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-05-26
BIG RISE IN WHEAT.
The Prices Advance Several Cents, and
Richmond People Make Money.
STOCKS ARE ALSO QUITE ACTIVE
,.rcs Investments I'm -. Louis
so,thvcStcrn Income Bonds ana
..rtcnn Tobacco Company stock.
o,hcr Features of the week.

u is a matter Of unrelated fact that
.recalaiion has become very general In
richmond. and IS steadily on the Increase.
An morning. and inp TO o'clock IN the
rrcrnoon. The stock brokers Offices along
Main street witness a constant ebb ana
flow OF capitalists. nnanciers. and ousi-
ress-men. eager 70 get the latest reports
from the Now York. chicago ana other
markets. and while speculation seems
to have loft the regular line OF old-ume
stocks au immense business Is being done
ga the lou priced spccialties
During AIN last week the markets were
an a vhirl OF excitement with the huctu@-
lions irregular and % large trade pass
trr The climax was reached on Thurs
AM when words fail 90 eXpfess the eX-
,.,.--.,f lu wheat and 70 BE- stated on
the best authority mat there mas pee"
no such change ia "a single night since
tho Anelo-RuesIan war-scare, when the
market advanced cents busheL Large
s,r,s NJ money were made by Richmond
men in wheat and cotton, the three largest
sn,urts that hav. come under the no
t.e of The writer being 10000, $4,000.
and $1,000.
There is a great diversity OF opinion
about grain among The brokers, many OF
whom believe that IL will go up 10 800.
while. ON the other hand. there are some
Who believe 90 VIII see 80 cents.
During th. week wheat ran up from
-.I-i o. 81 l-4-a rise OF 10 cents IN two or
uree days.
The elaborate crop-reports which APP
reared ga the New York World or IL
day created quite a sensation on the
curb and had "a pronounced erect on me
market The reports from Canada az
tho end OF the week, state that the crops
are iu excellent condition while IN Min
1.-ota wheat has not been hurt 20 any
rrelt extent Barley suffered most from the
Ilte froeta. and flax viii probably have TO
Doe rcsecdcl.
BIG ADVANCES IL STOCKS.
There has been a considerable amount
~ money made during the past week by
the purchg-. OF ST. Louis southwestern
iuc0mc-l bonds. which have had a shaIp
advance during the last two or three
weeks from - % g. Richmond people
were large buyers below 80. The DIG
profits. however. have been made in cot
Ton. which has advanced S. a bale since
rr.rch I-t Judging from the many
,nulne faces that greet the announce
rsut OF any rise $40 American Tobacco
stock. "a large number or Richmond peo-
ole would se-m 10 be holders. This stock
has had "A sharp advance Of per cent.
'-om Thursday I'm Friday, and the pre-
f.rred stock touched the highest notch
for some time, AT llA
Raw sugar has been easier on spot du-
ring the week, while futures have been
frner. 10 is expected that the warmer
...HH IN
modify. IL is stated on good authority
that the Sugar Trust has over &,0VOOVO
profit in It's holding OF raw sugars.
The London market has been fairly
strong. and has bsorbed all the stocks
sent over for sale boy cable a better
understanding is said TO have been ar
rived az OF the reasons for the advance
ln wheat and the b.lief that speculation
viii strike American stocks again shortly
is widespread.
An interesting incident Of the week has
been the advance 10 the price OF pig
iron by the Thomas company, when IS
important on account Of the position OF
That company
WILL HELP THE RAILROADS.
The corn movement is expected 10 ma
terlsliv assist the earnings Of the rail-
roads. The earnings Of the Chicago, MIL
yyautee and ST. Paul for the third week
An Nav showed a decrease OF only 5000
while the Canadian Pacific for the same
week showed an increase OF 5000 ana
the Baltimore and Ohio and Northwestern
had no difficulty I'm advancing quotations
without getting much stock
The highest price paid for American
Sugar Refining C0mpanys stock during
the week was 10 5-S. while the lowest
was u6 The American Tobacco rose
from l0G -. 60 nm 81, and the Central of
New Jersey which attracts considerable
notice. here, reached l02 L. from 80 5-S.
Chicago and Northwestern records as the
highest point l0l H. with the lowest
g,l-l ana the Chicago Burlington and
Quincy and the Milwaukee and ST. Paul
point Il difference OF three between their
hl1hest and lowest quotations. The North
cu Pacific preferred stock touched - 5-S
with DIS Us as the lowest notch.
The provision market during the week
has been active. but irregular showing
tendency 10 advance I'm price Of hog
products through the influence OF the
Ms. ILL GrIIu