Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-08-26
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 ZJ.-The weekly
crop report Of the Agricultural Depart
ment at Washington was a depressing
influence in the stock market to-day,
as it was a stimulating influence upon
the prices Of wheat and corn. The
opinion expressed IN the government re-
port of an unfavorable condition Of the
corn crop, and Of impaired yield from
the spring-wheat crop, was OF too Sc
rious import to the grain-carrying roads
not to have a marked effect on values.
There were various times during the day
when a struggle was made against the
prevalent depression, and when prices
seemed embarked upon an upward
course. But the fact would recur that
large part of the long advance in
the price of the grain-carrying roads
had been predicated upon the abundant
grain crop, which it was expected was
to be moved, and prices would turn
downward again. The cases where the
prices were above yesterdays closing at
any time during the day are excep-
tional, and those who they remained
above at the close are still fewer
The fact that scttlement-day on the
London Exchange developed no short in
terest or covering demand was, to some
extent, disappointing to the bulls. The
heaviness in all departments of the Lon
don Exchange growing out of the evil
dence of serious disaffection on the
northwest frontier Of the Indian en-
pire exercised some sympathetic in
fiuence i'm the local market Commits
son-house buying was on much re-
duced scale, and there was a lull i'm the
activity of the large mOneyed interests
which have been prominent in the market
recently. The sales fell to a total of lit
tie more than one third of that shown
by the dealings of some days Of the re-
cent period of activity. The extreme
dulness at the decline indicated healthy
tone, the liquidation being heavy, and
up to a given point being very firm.
The market enjoyed an occasional
rally. under the leadership Of some in
dividual stock which was influenced by
a development especially affecting IT,
Thus the publication of the statement OF
earnings of Missouri Pacific for the third
week in August, showing an increase
over the corresponding week OF last
wear of sl0J. 900, gave an upward impetus
TO that stock, and helped the whole
closed with a net gain OF "a.
A simultaneous rise in Sugar, Tobacco,
Starch. and Bay State Gas, at another
time. rallied the market
Late i'm the afternoon buying de-
veioped in New York Central, on reports
of increased earnings. This spread
through the Vanderbilt group. and car
ried prices generally to the best Of the
day. New York Central led the RISE
with an advance OF Ia, ana the net
ain was a point. Michigan Central was
the exception in the group, and fell of
ia selling movement In the last
balf-hour of trading carried prices to
the lowest Of the day, and left the
General list fractionaly below last
nights level. the loss extending to is
I'm Burlington. Lake Shore gained
po:nt. Northern Pacific preferred was
a weight on the market, owing 10 lts
poor showing of earnings.
The total sales of stocks to-day were
292 $50 shares, including Atchison pre-
ferred. 1850: Chesapeake and Ohio.
5575: Chicago, Burlington and quincy
Zoo: Louisville and Nashville, $3.50;
Missouri Pacific, 1890; New York Cen
trail. 147l5; Northern Pacific preferred
5475: Reading. $50; Rock Island l4,le9;
St. Paul 33, 300; Union Pacific, s43O; BAY
Irrited States Leather preferred, 5,lZO;
Chicago, G. w, $3.50.
The bond market showed less weak
ness than stocks being generally high
or chesapeake and Ohio. Atchison, and
Northern Pacific issues led in the ac-
tiyity. Government bonds were dull, but
slightly firmer The total sales were
s., 275OO0.
MONEY AND EXCHANGE.
Money on call easy at 1ql Ii per cent;
last loan at IA per cent; closing OF
fered at ia per cent; prime mercan-
file paper. 3-iQ4 IL per cent.
sterling exchange steady, with actual
business in bankers bills at A.S La
SfS51-2 for demand. and A.S S-SqA.S IL
for sixty days: posted rates, N.a la
sS5l-2 and 1886 1-2QAS7; commercial
bills. s4S2aAs2 IL.
Silver certificates 5Of5l; bar silver,
Il 2. Mexican dollars, 80 5-S.
Government bonds firmer; State bonds
dull. railway bonds strong.
NEW YORK STOCK QUOTATIONS.
Glazing StO.ka