Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-06-20
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsl-
NESS CENTRES OF THE WORLD.
Prices OF Money, Bonds, Stocks
Grain, Tobacco, Cotton, Cnttie'
Country Produce, &C., Foreign
and Domestic.
and Domestic.

market again reflected the constant
watchfulness of the large professional
traders for a reaction. the days proht-
taking being on a very large scale Inc
net changes are very small, owing to the
carly buying movement, which carried
the prices Of most stocks quite sharply
above last nights close. But the reac-
ton brought about by the realizing
movement, and by sympathy Win inc
heaviness in Sugar, left most shares De-
low last nights close. The trading was
dull. and showed a very marked dlnnihu-
ton in the range of activity.
The volume Of the total dealings was
small and one third Of the whole Is
credited to Sugar. Much OF the seilihs
Of this stock was attributed to WASH
ineton orders, supposed TO be based on
Information of the sugar schedule OF the
tariff bill being in danger IN the con-
forence stage. Chicago Gas showed
sharp fractional decline from the pest
price. detracting from previous tone u
the market which was quite hrhh' Inc
selling Of stocks on foreign ORDERS cduASd
a slight reaction. The Goulds were "eaA'
and showed a wide recession, but western
preferred and Minnesota iron regisleIe1
an advance of two points each, ana
Edison Electric, of Brooklyn, Ia.
Sugars extreme decline was o-S'
and the net loss was / Is. Inc Closing
was firm. and closing prices, as RUE
were above the lowest, but net losses
were general throughout the list
The feature of the week has been the
arm resistance of the market TO the
efforts at reaction of professional opera
tors. On Tuesday and Wednesday tneic
was continued heavy selling 10 tediiEe
sorne of the largest operators on the
eoor belng credited with complete
,rrn in their holdings. These traders
basea their action on the theory that re-
oction was overdue in the market, De-
cousa the advance had been so STEADY
ond so long continuation a month prac-
ticallv. without a break. The manlpula-
tors for a decline had no ground IN the
general condition to offer as an arsu-
ment that condition continuing huch
as IL had been ever since the au'alCe
began. Their effort TO break the MARI,
proved a signal failure, and all Joiheu
the long side on Thursday.
The change IN the general level OF the
market IS indicated by the comparison
~ nrices Of some active shares at the
close on Saturday. May 22d, and to-day.
Tho advances are: New Jersey Central
% "a. sugar. 123-i dividend on) Con-
eolidated Gas. Chicago Gas and Bur
lirgton n fraction over Z points each;
Rock Island and Tennessee Coal, over 0
noints: Northwest. Delaware ana huu-
son Missouri Pacific and western
Union. 3 points or over, ana ~. Iau'
Louisville. Leather, preferred. ana NORTH
ern Pacific. preferred, over points each'
The number of stocks showing lesser
co,ns increased, but with few excep-
| tions. all prices are higher
railroad earnings show improvements
In that time. and the finances or the
companies Immediately concerned are IN
hntter condition: but the higher prices
Quoted do not, by any means, represent
the immediate return in money hopeu
| for from shareholding in the compaiiies'
| They must be accepted rather az
| barometer Of expected anu hope"ioi
! ,,ro,,oY,ont in the business OF the country
- 40 II &c certain that the business
| NJ the country at large has not mcreaseu
IN the last month In the same ratio as
tho nrices OF stocks. But the firm re-
| etstonca of the prices of stocks 10 reac-
| IT,, and the readiness OF buyers 10
80. tbam at the existing level. is
go ee,,re Of confidence felt that business
4, ahout 10 improve in proportion.
probably the unimpeded progress OF the
| tar,ff hill on the final stage OF Us US
nosol has been the most ENCOURAGING 10
| wv ctraat OF any one factor Inc
W al arnexation treaty caused n
r,omentarv tremor TO pass along the
o,,ot nerve through the street but inc
aooorlacent attitude assumed TOWARDS the
,oatter by the Powers OF the woria mas
n,;e,ed apprehension as to Japahs pro-
|
,rha latter part OF the week SHOWS
- ,,ovcth Of Apprehension over
49, row impetus given to the gold move
-, and the hardening OF exchange
Ia 20 he due TO the drawing or eN-
change FOR tourist account, ana ior SET.
element OF July dividend ana interes.
navments on securities held aproau' nu.
VEL, street has taken note OF the iac'
that the gold reserve In the lreasury
has remained almost stationary III
little above land for two Gays ~
lie below s4oco.o0o, ever since May 20
The amount of specie held Dy tne ne"
York banks has Increased since .ne ua,,
named from sSS,29o,5oo 10 s''VO"'-'' ne'0
to-day. y,
Ia axnort,ng houses since the same
go go. or,ounts 10 s.. 2s7, 7A. The shipments
90 doy amounting to 100000. ana thoss
orrornced for next Tuesday, amounting
80 q, s5o oO0. have not yet appeared II
~ treasury statement Not all OF this
Ia vii, be taken from the Treasury
80 the withdrawals will probably 81
sufY,cient to bring the Treasury reserv'
20 the lowest point 1t has reached u
the present gold movement. The IN
rrease of SIZE 100 in the specie IN New