Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-09
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.

NEW YORK, July S-Proft-taking
was the order of the day in the stock
market. The sending of the tariff bill
, the bill, the termination of which has
formed a subject for speculation in the
recent market. The termination Is re-
garded as a favorable influence on
values, but having been previously dis
| counted realizing sales were to be looked
for. in the natural order of things. The
reaction did not develop Immediately,
owing to several sustaining influences.
The sugar refining industries having spec
cial interest In the tariff bill. made that
stock sensitive to Washington reports
of changes in the sugar schedule in the
conference. These reports varied all day,
as a matter Of course, but carried Sugar
up at the opening.
The Changers and International stocks
opened with an upward tendency. The
former group enjoyed an impetus also
from the announcement by the Refund
ing Committee of the Chicago and North
western that the directors of that COM
pany had authorized a mortgage for sl6j-
O0O, Co., to run ninety years. A marked
Improvement about the same time in a
group of usually inactive securities, due
TO marked operations by an interest
which has large holdings In each Of the
groups was a further influence toward
an advance as was. also, the special
strength shown In some other individual
stocks. Those combined in the first re-
suited in a rally from the first decline.
that raised prices generally TO the high
est Of the day. The result, however,
was only to accentuate the desire to
take profits.
There were traders who expressed their
disappointment that the Presidents mes
sage recommending currency commits
sion had been deferred, and that the
authorization of the commission, with
the membership of the Senate as at
present. was unlikely. Such traders gave
these as their reasons for selling stocks
There was an increase Of activity in
the dealings over both yesterday and
the day before. but quite one-half the
dealings was absorbed by ST. Paul.
Sugar. and Burlington. Chicago Great
Western. Des Moines and Fort Dodge,
and Minneapolis and st. Louis were
quite conspicuous and strong as a group.
The first gained -. net. and the second
. points East River Gas made an APP
parently sensational jump in the closing
dealings to 1874, net gain OF IA
points but II was reflection OF rise
effected in outside transactions on the
curb Iaclede Gas gained 1 49, and do,
nreferred and Starch "a preferred a
noint each. Otherwise, losses Of a frac-
ton were general all through the list.
reaching nearly a point I'm many promi-
nent stocks. Sugar lost ! 3-S. Burlington
I Is and Spirits preferred, Rubber pre-
farred. and Western Union a point each.
The total sales of stocks to-day vera
1913 SCI shares, including American To-
bacco Company, $500; American Sugar
Refinery, $1,000; Burlington and Quincy,
Is 500; Chicago Gas. 1890; Northwest
&. 100: Reading. 500; ST. Paul, $4,000
The bond market lacked feature, aside
from some notable variations in the In
dustrial issues, In which special infu-
arces operated. The general market dis
olayed a hardening tendency, but the
were mainly slight. The
aggregate sales were $1,5s3,OOo.
Governments were easier for the new
rs but the other issues were steady.
The sales were $3.50.
MONEY AND EXCHANGE.
Money on call easy at IL; last loan |
II ia and closing offered at IA per |
emit: prime mercantile paper, Sq4 per
,ent.
Sterling exchange firm, with actual |
,usiness in bankers bills at s4.d for de-
nand. and s4.5 S-4Qs4S6 for sixty days;
,oated rates. sf5 l-2dsks7 IL and 1850 |
4 IS 10: commercial bills. sis5.
silver certificates. 60 S-sd60 IS; bar sill
-er. GO IA; Mexican dollars, i6 IL.
Government bonds easier; State bonds
ull; railroad bonds firm.
NEW YORK STOCK QUOTATIONS.