Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-06-18
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
ana Domestic.

NEW YORK. June 1.-THE strong up
was resumed on the Stock Exchange to-
day. after the reactionary tendency of
the last two days. A powerful group of
professional traders had been selling out
their holdings during the two previous
days, to realize profits. They had
coupled this maneouvre with the ex-
preston of the conviction that the
market would prove healthier for a re-
action, rather than with too long a con-
tinuance of steady advance. The re-
action has not been caused by any gene
raj condition seriously affecting values,
but, as indicated by the above fact, has
been largely the result OF manipulation
with a view to keeping up its tone. Yes
terday's selling was accompanied by
some expressions of apprehension regard
ing possible foreign complications grow
ing out OF the Hawaiian annexation pro-
jet. But these apprehensions were heard
no more of to-day. The reaction
had not reached serious proportions, and
the offerings TO realize have been well
absorbed To-day's developments indi-
cate either that the large operators have
completed the taking of their profits, or
have found the market too firm 10 effect
a marked reaction They were in the
field as large buyers again to-day, and
all the smaller operators fiocked to their
leadership to swell the demand for
stocks. The buying seemed directed
again TO the leading stocks, in
which the strong upward move
ment of three weeks ago originated. and
which have been for some time station
ary. while the bull campaign was d.
rected TO other groups.
The market to-day was largely pro-
fessional. commission-house buying not
being conspicuously in evidence. This
class of buying had diminished during
the reaction of the previous two days,
as was to be expected. Operations for
the foreign account were also of small
dimensions. London being engrUssed with
the Jubilee festivities, though some sell
ing for London was done early i'm the
day. Prices for Americans were lower in
London. and this worked an early decline
for the Internationals here which was
practically the only exception TO an I'M
interrupted advance in the whole market
for the day, except few profit-taking
sales at the close. The small lines of
short selling, which were put out in
tentative way yesterday. were driven TO
cover to-day. and added to the strong
factors i'm the market. Some of the
Specialties enjoyed the benefit of special
influences, and this also added to the
strength OF the market.
ST. Paul was the leader of the market
in volume of transactions, with over
$1,000 shares. Chicago Gas. Burlington.
and Sugar coming next. in the order
named. st. Paul was retarded by Lon
don selling. but was strong, on the Sc
cond weeks statement, showing an IN
crease OF nearly s3l 900 in gross earnings,
which, like the first weeks earnings,
were the largest for the corresponding
period since 1893. Des Moines and Fort
Dodge. preferred. jumped per cent. to
e. bid. on the announcement or a diVl-
dend of per cent.
The total sales of stocks to-day were
go 100 shares. including American Sugar
Refinery. 1850; Burlington and Quincy
2s. 800: Chicago Gas. 26.400; Louisville and
Nashville. $3.50: Manhattan Consolidated,
1900: Northwest, 1900; Northern Pacific,
preferred II 800: Rock Island, 12.5Oo; st.
Paul 81 100: Western Union Telegraph,
s 600: New Jersey Central 1900
The bond market continued TO dis
play marked strength. which was most
manifest i'm the middle-grade issues.
Gains of substantial fractions were made
I'm the active securities while some OF
the eilt-edged mortgages were conspicu-
Gus for material gains. The inquiry for
investment account was In large volume.
and purchases of the international bonds
ON foreign orders were quiet heavy. The
sales were 81 $4,000. Governments were
neglected, but quite firm. The sales were
5000.
MONEY AND EXCHANGE.
Nancy on call easy at Ia; last loan
af I and closing offered al !; prime mer-
camille paper. 3G4 per cent.
Sterling exchange firm. with actual
business in bankers bills at si.Sl4SiSl IL
for demand. and s4s6as4.s6 IA for sixty
days; posted rates; N% l,2aA" ana
si IS. commercial bills. 81 50 IL.
silver certificates, 60 l-2dsl. Bar Sill
,,er 60 10. Mexican dollars AZ 5-S.
Government bonds firm. state bonds
dul, Railroad bonds strong.
NEW YORK STOCK QUOTATIONS.