Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-09
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT Busr-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &cy Foreign
and Domestic.

NEW YORK, August s--Tne vol
ume OF business during the short
session of the Stock Exchange to-day
was by no means large; still. at intervals
the depression was quite pronounced. At
the opening the market was adversely
affected by lower cables from London.
and the active liss fell about 1 per cent.
The decline induced extensive purchases
TO cover short contracts. and a sharp
rally Of 1-id21-4 per cent. followed. Suga.
led the advance, selling up from SO to
1914. Tho Improvement in the general
list ranged from IL to "a per cent.
and was well distributed. Before the
expiration OF the first hour. however, the
selling was renewed on a heavy scale.
and the gains previously noted were not
only wiped out, but some OF the standard
stocks sustained severe losses. The
selling pressure was most pronounced
after the publication OF the bank state
ment. The statement showed a con-
traction in loans and an enormous loss
in legal tenders. The reduction In the
surplus reserve 10 below 100000 en-
courascs the belief that rates for money
will be higher in the immediate future.
This, of course, will operate against the
bulls In stocks.
In the last hour Of business Sugar, Man
haitian, Chicago Gas, the Changers,
Louisville and Nashville and Western
Union were particularly prominent.
Sugar broke Is. TO 81 SIS; the preferred
3, TO e21-4; Manhattan 33-8, 10 rs IL;
Northwest 23-4, TO 81 u; ST. Paul is.
to O1-4s Rock Island IA, to 4s1-4;
Chicago Gas 21-s. to 1855 Louisville
and Nashville 17-S TO 3S IL and West
ern Union l7-S, to % Is. In the In
active issues. Metropolitan Traction broke
7s-4, to 50 IA: Minnesota and st. Louis
first preferred s. to O., and susquehanna
and Western preferred 3 H. to u.
The absence OF failures at the Stock
Exchange. considering the great shrink
age in values Of late, was the subject
OF much discussion. Brokers generally
are in good shape. and there will be no
trouble unless the banks should advance
Invertebrates TO very much higher
figures than those now prevailing. In
view Of the efforts on the part Of local
financial institutions TO protect the
Treasury gcld-reserve, II Is safe to as
sumo that stock brokers will be &C.
corded all the accommodations neees-
In the final dealings a few stocks re-
covered fractionally from the low point
OF the morning. but speculation was
feverish and unsettled. The net changes
show losses Of 1-463 per cent. The tota
sales were 1852 shares including 2l,5oo
Sugar, 1860 st. Paul, and 1880 Western
Union.
Bonds were active and heavy. The
total sales were $4,000.
Treasury balances: Coin. Sl14.5e, $40;
currency, sso,O55,6eO.
MONEY AND EXCHANGE.
Money on call offered at 4 per cent.
Prime mercantile paper, 6q6 IL per cent.
Sterling exchange dull. with actual
business In bankers bills at SiS 1-2p
s4SS for sixty days. and $tS 1-2qS4s9 for
demand. Posted rates A$ 1-2gs4S9 IL.
Commercial bills, $l6d&.S7 81.
Bar silver, 6S 3-S. Silver at tho board
firm.
Government bonds steady. State bonds
dull. Railroad bonds heavy.
STOCK QUOTATIONS.