Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-08-18
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices or Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce. &C., Foreign
and Domestic.
and Doniestic

must be conceded 10 have won the honors
in to-days stock market. Prices were
never more than fraction above those
Of last nights close during the day, ex-
cept in a few cases. and most Of the
days sales were made at a level quite
sharply below this close The holders OF
stocks kept one eve on the wheat market
all day, and were keenly attentive 10 the
heaviness manifested in thai market ana
10 the notable decrease IN the export de-
mand for wheat, on account of the hlgh
range Of prices reached for that cereal
The first effect OF this was TO impart
dulness to the stock market, owing 10
the determination Of holders not TO sell
at the low range. This duness settled
upon the market soon after the nights
accumulation OF commission-hOus orders
had been worked of But the bear
ira 1ors took possession Of the market IN
the absence Of an active buying demand
and sold IL down TO catch stop-orders.
The buying ceased on any marked adj
vance and this encouraged the bears 10
persist. with the result that they iinally
succeeded in shaking cut large amount
Of weekly margined stocks, and precipi-
tated heavy offerings on stop-loss orders.
These were quite readily absorbed, With
ont rallving the market. There was a
noticeable falling off in commission-house
buving and the total sales fell of an
other 2OC00 shares below yes erday's re-
cord. and considerably over hundred
thousand shares below the record Of any
full day last week.
The bond transactions were also in very
much diminished volume. Tho average
net decline IN the prominent railroad
stocks is over a point ana in Individual
cases is considerably more. The fall was
assisted by reports OF damage 10 the
spring wheat crop. and prices FOR Ameri-
cans in London were decreased on these
reports and on the belief that the mini
mum rate OF discount would be raised
above 2 per cent by the Bank Of England.
The Changers, the Coal1rs, the lntefha-
tional stocks. and, in fact all western
railroad stocks were notable sufferers,
Northern Pacific preferred being a drag
on the market all day. Louisville ana
Nashville Atchison preferred, Missouri
Pacific. and Union Pacific were active IN
the late selling movement.
Notable declines were SHOWN in Sugar
and Tobacco.
Lake Shore jumped two points in the
carly dealings to 1912, which is
new high-priced record, but the gain
was mostly lost in the final transac-
tons. Burlington shows a net decline
of SIS. the heaviest loss in the Changers.
Lake Erie and Western preferred loses
,. New Jersey Central 81, Reading frst
preferred rs. Erie first preferred, l SIS.
and many other stocks a point or less
each.
The total sales of stocks to-day were
,s7 100 shares. including Atchison 1879;
Chesapeake and Ohio. 1875; Chicago.
burlington, and Quincy S2,3&; Denver
and Rio Grande preferred. $3.50; Missouri
Pacific. 15370: Northern Pacific, 300;
do. preferred. 252.0; Reading. Ills;
Rock Island. 1885; St Paul, $3.50;
Southern Railway preferred. $500;
Tnton Pacific. 1850: American Spirits.
6 O9S: American Tobacco. 1920; Chicago
Gas. 6 $50; Pacific Mail, $500; Sugar p
900. Chicago G.. W, 1870; western
Union, 6.30o.
The bond market was moderately ac-
tive and displayed considerable hrn-
ness Some of the usually neglected Is
sues Guctuated quite widely, but the
variations in the speculative liens were
restricted TO narrow limits. The agSre-
gate sales were 81, i25wp.
Governments eased off slightly for the
new as. The other issues were fairly
steady. The transactions were %5'OD.
MONEY AND EXCHANGE.
Money on call hrmer at Lac per
cent last loan at l1-2, and closing Of
fered at H.; prime mercantile paper
31-2d4 Ia per cent.
Sterling exchange steady, with actual
hrsiness in bankers bills at A.S La
stS3-4 for demand. and A8 l49SL8 IL
for sixty days; posted rates, SAdHSls6
and sls61-2aS46; commercial bllis'
s4S21-2. -,.-,,o. -, .u....
Silver certificates. 5fgol ~ par SILVER
81 -8: Mexican dollars ii 81.
Co,,ornment bonds weak; State bonds
dull. railroad bonds firm.
petroleum. Pennsylvania crude, no
rlIef.