The times. [volume] (Richmond, Va.) 1890-1903, 1897-06-30
FINANCE AND COMMERCE.
txxaA CLOSING QUOTATIONS OF
MONET.
fUGsranss asd sales ~ h Rschnssnd 1e-
ssoss Eschssgs-Gntsrsai Revenue
Observation-Disclosures Advances,

NEW YORK. June 2o.-The market for
necuritics to-day was one to delight the
I professional tracer. uctuattons IN many
81 the leading shares being vide ana very
erratic. Sugar moved over a range OF
~ during the day, dancing up and down
BIZ spurts, and falls much as boiling aico-
hol would do in a glass tube. chicago
Gas WA almost equally wide IN It's nuc-
suations. and was as erratic ana even
more active. The range OF these Two
graz ceattcs of speculation was above
last nights close In the early dealings
especially OF Sugar. and this tenaeu 10
restrain the distinct tendency toward ne.
action which was latent in the market All
day. and which finally overcame tne
whole list. The ond Exchange wa
wrst settling down to normal acuvity
again after the Interruption OF the jubilee
festivities. and prices there reflected sne
opinion OF dealers that the OF
prices on the New York Exchange had
been more prccipitate than was warrant
cd by III conditions. This influence was
reinforced by heavy selling here Tor Lon
don account. Prices In the list generaiiy
were fcvcrish. especially the grangers,
and sagged to a marked degree. aside
from special cases. giving "A very irregu-
lar aspect 10 the market. General strength
and a rally followcd the publication or
the Burlington statement for May. show
ing an increase in net earnings oil szV''-
The lowering OF posted rates Of ex-
change 81 half cent 10 1861 for long and
sSS for short bills also impaired conf
dence rejecting the weakness of the ex-
change market and the PROBABILITY that
gold shipments would be light or entirely
suspended this week. But when heayy
liquidation In Sugar and Chicago Gas set
in during the final hour the DOUBTS OF
holders returned in full force, and stocks
of all the leading properties were thrown
over at a lively rate In a feverish desire
TO realize. and prices generally were car
Ifed down 10 the lowest point or the day.
A partial rally In Chicago Gas stifened
prices above the lowest, leaving final re-
suits mixed between gains and losses.
Most Of the prominent active shares show
losses extending to ia in Sugar, rs in
Standard Rope. and over a point in Bur
lington. Rock Island. Louisville and Man
haitian. Northern Pacific preferred de-
veloped heaviness on the belief that the
differences between the Hill interests and
the voting trustees were about TO cuimi-
nate. The coalers resisted the general
heaviness on the increase In the circular
rates for anthracite coal. The volume or
transactions was almost as large as yes
terday. The total sale of stocks to-day
were 49,. los shares. including American
Tobacco Company. 1900; American Su,
gar Refinery. 1850; Burlington and
Quincy, 37.10O; Chicago Gas. $500; Louis
Vile and Nashville. $500: Nations Lead
Company. $500; Northwest, 400; Omaha,
14.20o: Reading. 1900: Rock Island. 90
100; st. Paul, 4s.60O; Tennessee Coal and
Iron. 10. 100; Southern railway preferred,
10,OOc.
The upward movement in railroad mort
cages was continued with considerable
vigor. despite the extreme heayiness or
the stock speculation. The inquiry en-
bfaced a large variety of issues, in which
notably higher prices were recorded gen.
orally. Some few bonds suffered from
liquidation, particularly American Spir-
Its. The sales were s.. 4O5. 900.
Government bonds were steady at bid
prices. and were without sale.
MONEY AND EXCHANGE: Money on
gall easy at IL per cent: last loan at
". and closed at kd& per cent; prime
mercantile paper. 3a4 per cent. Sterling
exchange heavy. with actual business in
bankers bills at 5s7Q4S7A for demand.
and at 4S5Ad4s6 for sixty days; posted
rates, 4Shq4s7m and 4SSn4SSh. CONNER
cial bills, 4S5. Silver certificates, 6O&q
Box: bar silver. Goa: Mexican dollars. 47A.
Movement bonds firm: State bonds dull;
nailrnaA bonAQ strnpD