Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-06-06
A. SAKS eco.
Main and Eleventh streets,
"SAKS CORNER"
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.
'SAKS' CORNER"

NEW YORK, June "a better tone pre-
vailed at the Stock Exchange to-day. and
there was a general advance in prices,
owing principally, it should be added. TO
covering OF short contracts. This change
Of front on the part Of the room-traders
can be traced to the growing impression
that the st. Louis convention will adopt
the Indiana Republican currency plank,
the prospect Of an early adjournment Of
Congress, a belief that the House will
kill the Butler bond bill, and the absence
of gold engagements for shipment TO
Europe tomorrow. According to authori-
ties, j. p. Morgan has placed round
amounts OF securities abroad, and there
will be a sufficient volume of exchange to
meet the demandiof remitters for little
time to come. This Of course, means
the cessation Of gold exports.
A recovery in the price Of wheat. and
the favorable report Of the Chicago and
Northwestern road for the year just is
sued. exerted a favorable influence on the
shares Of the western roads, ana neutra-
lied moderate selling OF ST. Paul by
Lolion. Some wide changes were re-
rose from 103 10 los S-4NlO5 II, on the
negotiations now progressing with the
Rapid Transit Commission.
Tobacco was irregular. but I'm the main
firm. at 60 5-SdG5 IL, closing at "a "a. The
Bonsack cigarette-machine patents. con-
trolled by this company, expired yester-
day. and an effort was made TO use this
against Tobacco stock, but without sue
cess.
Sugar was stronger. on the Improvement
I'm the market for raws, and late I'm the
day there was extensive covering and the
stock rose 23-S, TO l2i ca Lackawanna
Jumped 3 per cent, to 16salc5. Jersey
Central and Delaware and Hudson also
sold up TO los l-4Gl2l Ia, respectively, tho
hest figures OF the week. Bay-State Gas
rose l "a, to % 5-S. and later dropped
BIS to y IL Des Moines and Fort Dodge,
preferred, was bid up s. TO IS. and the
common rose IL, to g. The directors Of
the company have advanced the rate OF
dividend on the preferred from to
per cent per annum. Long Island. on
sales OF go shares, declined from 70 IL
to IS.
Speculation closed firm In tone. The net
changes show advances Of 1-4d2 IA per
cent. Manhattan. Sugar. and the Coalers
leading. Reading lost Ia per cent. on
the day.
The total sales were only 1921 shares,
OF which 1870 were Sugar, 1890 Tobacco,
and 600 Manhattan.
Bonds were generally lower. The
transactions footed up $4,000.
Treasury balances: Coin. so, 735, SIS;
currency. Sso.6S5,6SO.
MONEY AND EXCHANGE.
Money on call easy, at l-2I2 per cent;
last loan at 2. and closing offered at
per cent. Prime mercantile paper, 1925
per cent.
Bar silver, S5-S. Silver at the board
easier.
Sterling Exchange steady. with actual
business in bankers bills at As7 LA
slGl-2 for sixty days, and Sass LA
Sass LIZ for demand. Posted rates, AsSee
A.@. Commercial bills, A.s6 l-4aAs6 81.
Government bonds higher. State bonds
dull. Railroad bonds irregular.
STOCK QUOTATIONS.
Closiny Bids
American Cotton OIL. ACKNOWLEDGEMENTS. 1lA
American Cotton OIL, preferred ...~...... 54&
American Sugar.. ......-..'.....''''' t<f@t