Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-11
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.
and Domestic.

anu 0Cmehucs
NEW YORK, July 10.--The days mar
ket for stocks was devoid OF interest.
The day was holiday on the London
Exchange. The usual tone impaired to
the opening here by the London market
was lacking. The whole temper OF the
stock market, furthermore. has taken on
a waiting disposition. Transactions on
the Exchange In the aggregate reached
barely half hundred thousand shares
sold, and one fourth Of this amount was
Sugar. This stock was erratlc during the
day, on conflicting rumors regarding the
tariff BILL but did not move over a very
wide range. 1t huctuated above last
nights closing during the whole session,
at one time going TO ! Ii above, but
closed with a fractional net gain. Only
ten other stocks were dealt in TO the ex-
tent Of a thousand shares.
The Changers were most active next to
Sugar. and enjoyed continued benefit
from the reports of good crop prospects.
New York Central was active and higher.
on account of the persistence of the
rumor that its leading interests were
about TO secure control of the Lehigh
Valley railroad, Pacific Mail added
fraction in its price owing to belief
that dividend would be declared. Chica-
20. Great Western. Des Moines, Fort
Dodge, and Keokuk and Des Moines, pre-
ferred, continued to improve on the ope-
ration of inside interests. the last named
stock advancing 4 II points. St Paul
was sustained by the first weeks state
ment of gross earnings showing an in
crease Of over Sn,VOO
Minnesota Iron rose a point, and Rio
Grande and Western preferred ga The
Rubber shares were heavy.
The close showed a majority Of stocks
q small fraction higher.
REVIEW OF WEEK.
Tho stock market retained its usual
midsummer lethargy during the week.
There have been indications OF strength
on several days during the week, but
the upward movement was feeble. and
not sustained. The commission-house
business, which reflected the growing in
terest in the market by the outside pub
lie up TO last week, has practically
closed. The buying by large capital,
which sustained the market for so many
weeks, is no longer in evidence, and the
conclusion of dealers obviously is that 1t
is prudent for the stock market to walt
for general conditions to come up with II.
The most attention in Wall Street is
paid at present 10 the reports Of crop
prospects and prices. The harvesting OF
abundant crops at good prices by the
farming population Is regarded as most
vital to the sustaining of prices at the
advanced level. The Granger roads have
led the advance throughout and continue
to show the greatest strength ana hrm-
ness. Though the passage Of the tariH
bill through the Senate had been looked
forward to as a favorable factor, 1t had
been discounted.
The strike of soft-coal miners has an
effect in checking the upward tendency
Of prices. But there are not lacking
expressions of confidence that the strike
may lead the way 10 an opportunity or
lettering the deplorable conditions eX-
listing all through the soft-coal trade,
by improved wages, as well as by i'm
proved profits TO operators and trans
portation lines.
The week has passed without ship
ment Of gold to Europe, and the DelieI
is general that the years outgoing gold
movement has come TO an end. Sterling
exchange has, however Shown a slowly
crossed even in very dull market The
commencement Of grain exports pro-
misses a supply of exchange, and there
is a disposition to sell long exchange for
future use
The rate for call money has fallen dur
ing the week from IA per cent. TO per
cent. The net changes in leading stocks
for the week are small, but are mostly
lower. Some noteworthy gains are shown
by inactive stocks.
BOND MARKET.
The bond market ruled fairly active
during the week, and considerable
strength developed in the gilt-edge liens.
The dealings generally lacked feature,
aside from extreme irregularity in the
Industrial securities, which impaired tone
10 the general market. Purchases Tor
investment account were discernible in
many instances, and a better speculative
demand occurred for some Of the low
grade mortgages. Some heaviness was
noted towards the close of the week in
the more active mortgages, but without
effect on the general trend.
The principal advances were as follows:
Brooklyn Transit SIS 1-2 New York Cen
trail IS. registered, Is; Galveston Hous-
ton and Henderson SIS 3; Indiana, Illinois
and Iowa firsts, 4; Rensselaer, and
Saratoga frsts, 2 49, Iowa Central firsts,
.: Mexican National Income y, 21-i;
Susarehanna and Western General
3. Peoria and Decatur, and Evansville
second. Trust Receipts. 81; Wilkesbarre
and Eastern firsts, 21-4; and st. Paul,
NJ. and NJ. Union preferred, 27-S
Declines: Central Georgia Banking Com
panv's gold IS. 21-4; Cleveland and Pitts
burg Banking Fund rs, ii, and Tonnes
see Coal. first Tennessee Division, per
cent.
Governments were quiet and fairly well
held during the early dealings. Suisse
oueutly. however, general weakness de-
veloped on proft-taking, with the new
coupon As reacting to 12i IL.
MONEY AND EXCHANGE.
Nancy on call nominally 1q11-2 per
cent; prime mercantile paper, Sq4 per
cent. -,
Sterling exchange steady, with actual
h,e,ness in bankers bills at S4S7Qsi.S Ia
for demand and $is6qSiS6 Ia for sixty
so,,s. nosted rates. $i.S6 1-2MSLN IL and
e. ssa,si ss1-2; commercial bills a.S5.
por silver. COLA; Mexican dollars, AZ.
soto bonds quiet Railroad bonds firm.
bonds weak.
rrbe total sales Of stocks to-day were
"a eeo including American Sugar, n,lOo.
and ST. Paul, IloO.
NEW YORK STOCK QUOTATIONS.
Closing stocks
.tcn,s.,a. Topeka aud Sansl re .-..-...'..- "a
adams Express .-......'.-.'.'.'''i1S
Alton, Ierro Haute.. ........''''''''': -
American Express. ''.'.''''' 10,
km,r,csn slgar Rofnsry ......s.. lEo1S
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