Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-07
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.

NEW YORK. August 6.-Stocks to-day
were active and weak. The heaviness Oh
the market was due primarily to the bear
leaders. who. in the absence of bull sup
port, are practically in control or cur
rent speculation. At the opening Lon
don sold heavily of Louisville and Nash
vile and other stocks dealt in abroad.
The selling Of the western stocks was
attributed to reports of damage OF the
crops In the Northwest, while Louisville
and Nashville was depressed by the poor
traffic statement for July, just published.
Following the foreign selling there was
an attack on the Changers, Manhattan,
and Western Union by local operators.
Burlington and Quincy, as Of late, was
the objective olnt, and the stock made
a new low record, selling down to 81 81.
1t was again stated that the directors
will be compelled to reduce the dividend
on the stock. The same argument was
made in the case of Manhattan, and the
stock dropped 1 IL, to 81 "a.
The break I'm prices dislodged consid-
cradle long stock, and shifting OF loans
followed as a natural result These
forced sales added to the depression, ana
disturbed confidence among marginal
holders generally. Money on time was
also closer and higher rates were pre-
dicted. The failures in mercantile cir
cles and the suspensions at the Cotton
Exchange also had their influence with
the discouraged bulls.
The important losses in the usually
active Aist follow: Burlington, 3, 10
81 "a; Sugar, 2l-2, 10 100 3-S; Chicago Gas,
.. to 4s1-2; Northwest. 2i-2, TO 30; st.
paul. 25-s 10 So rs: Rock Island, 2l-2,
to 81 "a: Lackawanna, 43-4, to rs; ILL
nois Central, 4, to Sc; Louisville and
Nashville, els, 10 40 3-i; Manhattan,
IL: Minnesota Iron, 3. to AZ; New York
Central, 2 Is, to IS; New Jersey Central,
/ "a. to 50 IL; Pacific Mail, IL, to IS 81;
Southern railway preferred, L. to
IS 1-2; Omaha, 2 IL, to 81 81, and Leather,
preferred. 2 49, 10 ~ IL.
In the inactive list Illinois Steel brought
20. against 50, the last reported sale,
for full lots at the Stock Exchange.
A rally Of 2f-2d1 per cent. ensued
during the afternoon, the result Of buying
by brokers identified with bear opera
tor At the close, however, the market
was feverish and unsettled once more.
Net changes show losses of 21-2qz Ia
per cent. Minnesota Iron fell 3, to 40,
and Lackawana 43-4, TO 145. Sugar.
for SO, 100 shares. st. Paul was second
with 1880 shares. and Burlington and
Quincy third, with 5000.
Bonds were heavy. The sales amounted
to sl.0lSO00.
Treasury balances: Coin. Nl5, 1884;
currency, 1920 .236.
MONEY AND EXCHANGE.
Money on call firm, at 2q2 - per cent. !;
last loan at 2, and closing offered at 2
per cent Prime mercantile paper, cas- IL
per cent.
Bar silver. 6S1-2. Silver at the board
easier
Sterling exchange steady. with actual
business in bankers bills at $3.50
Sass IL for sixty days, and S4.s99Ass Ia
for demand. Posted rates, ASS l-2p
s4se1-2. Commercial bills, SfS 81.
Government bonds weak State bonds
lower. Railroad bonds heavy.