Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-08
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 1.-THE bears had
q feld-day at the Stock Exchange
llouldations having been on a heavy
scale until the last hour OF business
when steadier tone prevailed, the lat
ter result OF the covering OF short con-
tracts. The earlier loss in prices was
equal to 1a714 per cent in the usually
active list, and 2a1s per cent. in the
sneesalties. or stocks which are not
traded in daily.
The depression in the market was que
principally to the higher rates for money
demanded by bankers generally, which
have compelled weak holders to market
their securities. To-day call money
which has not risen above 3 per cent TOT
months. suddenly advanced to per cent,
and closed near the top figure. Deaf
ings I'm time-money were on very
moderate scale, and, in fact, lenders
were not disposed to do business IN TINS
department at all.
To add to the nervousness, story was
started to the effect that the banks IN
tended to issue Clearing House certih-
Gates. There was nothing in this re-
port, but IL had it's influence. IL Is true
that there has been considerable Gaining
in of loans by the banks, but this al
ways happens when values at the Stock
Exchange melt away, as they did TO-
day The West was also seller Tor inc
account OF operators, who have sus-
tanned serious losses through the col
iapse of the Diamond Match deal.
Another depressing factor was the al
legged statement by x-Secretary-of-the-
Navy Whitney that Bryan would carry
New York. This alarmed any number
Of small operators, and resulted In the
selling Of quite a large amount Of long
stock. New low records were made in
4 number of Instances, and some stocks
sold below the figures current in the
Venezuelan war-seare. Burlington and
Quincy fell 53-4. TO G.: Manhattan Z IA
to n; Sugar 53-s TO 50 10; Tobacco
21-A to IS; Big Four "a, to 20; Chi
cago Gas 3 81, TO As; Northwest 3l-4
TO ss1-4: st. Paul Ala, TO 60 10; Rock
Island 23-4, to 1912; Colorado Fuel
31-4. to 145-S; Consolidated Gas 5, to
1874; Lackawanna 5. to 40; Delaware and
Hudson "a. to lis; Illinois Steel 3, to
IS: Lake Erie and Western preferred
2s-i. to 5s1-4, Louisville and Nashville
pa to 6s; Lead 2 "a. TO rs; Jersey
Central 21-2, to IS 1-2; Pacific Mail
,. 10 Is Ia; Pullman. 2 IL; Leather pre-
ferred 3, and Western Union, 3-S, to 70.
Morris and Essex brought 80. against
1853, the last-rec0rled sale for full lots at
the Stock Exchange.
In the last hour the market improved
"A to per cent, owing 10 liberal pur-
chases by the leading bears, who wished
70 turn their paper profits into cash.
Speculation closed steady in tone. The
net losses duly active I'm the usually
active issues ranged from 1 to IL per
cent. The total sales were 354,006 shares,
including q 100 Sugar and $500 st. Paul.
The bond market was heavy The
transactions amounted to sl,132.o00
Treasury balances: Coin, $l14,62s, 191
| currency so. $780, 100.
MONEY AND EXCHANGE.
Money on call firm at gal per cent. last
| loan at ;, and, closing. offered at 5; prime
mercantile paper. sac IL per cent.
Bar silver, 6S 1-2c. Silver at the board
quiet.
| Sterling exchange steady. with actual
business in bankers bills at sissqA.SS IA
FOR sixty days, and S4.S9GS4s9 Ia for de-
mand; posted rates, SLSS 1-24A.S9 1-2i
commercial bills, $Ld%.
Government bonds lower; State bonds
| dull; railroad bonds heavy.