Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-08-07
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT DUsI-
NESS CENTRES OF THE WORLD.
Prices OF Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce. &c, Foreign
and Domestic.
and Domestic.

NEW YORK, August G.-Tfe stock mar
ket rebounded to-day from the depres-
sion that manifested itself during the
greater part Of yesterday many stocks
establishing new high records. The volume
Of transactions was second only to that
OF yesterday I'm the record, and the ami
nation was without interruption. except
for a few brief lulls when profits were
taken by professionals Although the
dealings In stocks were I'm somewhat de-
creased amount, compared with yester-
day. the buying Of bonds was heavier.
The efforts Of the professionals to bring
about a reaction were abandoned to-day
and the market seemed to move upward
almost without restraint, except for
few exceptional cases. The activity per-
meated every department OF the market.
The sagging tendency Of the prices OF
American securities in London and the
continued large selling Of them here for
London account were ignored. Some OF
the stocks. in which the heaviest selling
was done by London, as Illinois Central
showed the widest advances here. There
was a temporary lull In the advance OF
some Of the national stocks during the
process of absorption OF London offerings
but il was resumed when these influences
had been taken away. The foreign sell
ing was almost without effect in the eX-
change market. which sank heavily, actu-
al business for demand sterling being
done at 1851 and for sixty days at
s4S. with the tendency still downward
Posted rates also were down for long
bills. The failure of the London selling
to affect the exchange market led to
some surmises that the selling Is Tor
short account. Skilled estimates placed
the amount Of American railroad stocks
still remaining in the London market at
a very low figure.
The recovery in the wheat market had
n sustaining tendency in the stock mar
ltet. most pronounced In the Changers,
and especially i'm St. Paul, Burlington,
and Chicago Great Western. Yesterdays
good reports of the earnings OF southern
RAILWAYS continued TO exert a good in
nuence on the stocks Of those roads. The
stocks Of the iron and steel companies
were restricted. Lacledc Gas made
further sensational advances. Consoli-
dated Gas and Chicago Gas retained their
rather heavy tone, though closing with
fractional net gains.
Sugar was unable TO maintain its rally,
and closed with a net loss of 3-S Man
haitian rose buoyantly on reports of
union with surface-car interests, the net
gain being ii.
The total sales Of stocks to-day were
54l COO shares. including Atchison pre-
ferred. 6.2OS: Chesapeake and Ohio $40;
Chicago, Burlington and Quincy. Si,l95;
Illinois Central. 1876; Louisville and
Nashville. 1920: Manhattan L.. 1880;
New York Central, G,l99; Northern Pacific.
50. 500: do. preferred $50; Rock Island
1850: ST. Paul. 40 so; Southern Railway
16. s75: do. preferred. 12,h0; Union Pacific.
II 800. American Spirits 1850; American
Tobacco $500; Bay State Gas. 9i'lO;
Chicago Gas. 1900; Laclede Gas. n.iSO;
sugar. 1929: T.. c. and l.. 9o55; United
St.tes Leather. 5Si5 do. preferred. 1000;
Western Union. $40; Chicago G.. w,
$50.
The values Of railway and miscellaneous
securities continue to trend upward on
heavy purchases, which include number
of the gilt-edged liens. The middle
grade and low-priced mortgages scored
the more noteworthy changes, with for
eign purchases again in evidence. The
aggregate sales were 10000
Government bonds showed some irregu-
larity. but closed firm on light trading.
MONEY AND EXCHANGE.
Money on call easy at lQl liz per cent;
last loan at 4, and closing offered at !;
prime mercantile paper. l-2G4 per cent.
Sterling exchange weak, with actual
business in bankers bills at AS La
sis6l-2 for demand, and A.s5qA.S Ia
for sixty days; posted rates Ns6nAN
and &.6aslSS; commercial bills. A.4 1-2.
silver certificates $685. IL; bar silver
Sc IA; Mexican dollars, a.
Government bonds firm; State bonds
dull: railroad bonds strong
NEW YORK STOCK QUOTATIONS.