Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-07-21
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsi-
NESS CENTRES OF THE WORLD.
Prices of Money, bonds, STOCKS,
Grain, Tobacco, Cotton, Cattic,
Country Produce, &C., Foreign
and Domestic. 81 ~

NEW YORK. July 2O.-Stocks were
weak. and at times demoralized to-day
New low records were established ior
some of the leading railroad and indus
trial issues. and the feeling was decidedly
br,o especially during the early trading.
The opening was weak, owing TO the re-
CENT Of lower cables from London, but
later on foreign houses turned buyers OF 81.
paul. Louisville and Nashville, and other
international favorites. Their purchases
II may be added, however, had no inhu-
ence. and local traders supplied all for
eign bids right up to the close Of the
London market. Liquidation for home ac-
count was again heavy, and the bears
emboldened by their recent successes,
hammered away at the list with renewed
vigor.
Gold engagements, to the extent Of three
millions for export TO Europe to-
morrow, proved disastrous to bull
hopes right at the start, and the
engagements were accompanied by rumors
Of equally heavy shipments on Thurs
day Weak holders lost no time in get
ting out. Under this process prices drop
ped anywhere from IL to 1-2 per cent.
Sugar fell 2 -, to l0l: Tobacco 2, to 80;
Burlington 4 5-S 80 62 Is; Chicago Gas
S1-2. TO 40 -; ST. Paul 37-S. to O. IL;
Rock Island 10. 10 % II; Consolidated
Gas 41-2, TO 40; Lake Erie and Western
preferred I, TO co; Louisville and Nash
vile 21-8, TO "A Ii; Manhattan 81 TO
81 -; Kansas and Texas preferred > 81, TO
l6; Missouri Pacific 2, TO Is is; New York
Central 21-2, TO 90 II; Pacific Mail 3, TO
Il; Leather preferred II. to A; Tennes-
see Coal 27-S. TO u; Wabash preferred
11-2, 10 13: Western Union lis. 10 II.
and Wheeling and Lake Erie preferred
31-f. TO %.
Around / o'clock rumors were current
that the leading bankers were endeavOr-
ing to effect combination to turn IN
round sum OF gold into the Sub-Treasury.
The report had q tendency TO check liqul-
datiOns. but when j. T. Morgan was
quoted as saying that he rad no knowledge
of any conference, the bears made
fresh demonstration against the list. At
this time the Changers, Sugar. and
Chicago Gas were forced to the lowest
figures yet reached since the current bear
campaign was inaugurated. Just previous
TO the close n developed that T. ID. Tap
pan. president Of the Gallatin National
Bank had had informal talks with a
number Of bank presidents. and that
number Of the strongest banks were will
ing TO enter n combination TO protect the
Treasury gold reserve. Mr.. J. p. Morgan
also stated that in his opinion the admin
istration would have no difficulty in
selling bonds I'm case 1t wanted to.
These developments exerted a favorable
influence. and i'm the final transactions
the market ruled steadier. The net
changes show losses Of II to 3 rer cent.
outside of Leather preferred, which lost
per cent.
The total sales were 39S,2SS shares In
GLIDING 81 800 Burlington.
Bonds were active and heavy. The
Gales were $l,O6600.
Treasury balances: Coin, SOP, COS 200; cur
rency, $S5, 1885,.
MONEY AND EXCHANGE.
Money on call frme. at 2q3 per cent;
last loan at .. and closing offered at .;
prime mercantile paper, 51-206 per cent
Bar silver, 6S ga; silver at the board
steady.
Sterling exchange very strong. with ac-
tral business in bankers bills al $3.50
StSS1-4 for sixty days, and SLoS SAG