Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-08-28
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices OF Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, 60, Foreign
and DomtsIc.

NEW YORK, August 27.-To-day' :
stock market was strong throughout, anc
the upward tendency Of prices was prac-
tically uninterrupted by reactions. Any
thing like a recession ELECTED no offer
ings. Many inactive stocks were sought
out, and moved I'm the market. all at
notable gains. The movement even
touched some Of the extremely low-priced,
almost discarded issues. The strength
Of the market was apparently based
on a renewal OF full confidence in the
improving tendency OF general business.
Some Of the railroads are making record
breaking earnings. and all are showing
increasing earnings. Fuller reports OF
some western graln-carrying roads show
that the total Improvement In their busi-
ness Is due I'm larger part to the move
ment of general merchandise westward
than TO the movement Of grain eastward,
and this is taken as an important index
Of the Improvement in general business.
The continued ease in the money market
in view Of these evidences Of awakening
industrial activity, causes surprise but
cheap money is an incentive to specula-
ton.
The break I'm grain was regarded IN
the stock market as proving the satety
and abundance of the grain crops, and
melted special activity I'm the Granger
shares. Rock Island took the lead in the
group, and made up points uet during
the dav. Burlington gained over a point,
int
Jagged. and fell of a fraction. The
Coalers were the exception to the buoy
ancy in tho list. and declined fraction
Missouri Pacific was active. and agrees
sively strong al day, and gained Ia
net Southern preferred, also. was prom
inent. with an advance Of / 3-S. Penn
svlvania was dealt I'm on the Exchange
for the first time In long time at Ill 3D.
Colorado Fuel and Tennessee Coal rose
over a point during the day.
OF the inactive list. Cleveland. Chicago
Cincinnati and St. Louis sold at points
over yesterdays bid price. The COM
mon stock also advanced point. Bal
timore and Ohio gained 1-2, Laclede
Gas showed a net gain of 3-i. Metropon-
tan Traction one of 27-S. Manhattan l-2
National Starch second preferred 3. New
York Central and Chicago and ST. Louis
and do. preferred. each point, and Great
Northern preferred 8 81. The stocks OF
local gas companies were all strong on
talk OF consolidation. Ontario and
Western was active and gained rs.
Northwestern preferred was conspicuous
for a loss Of points just at the close.
The total sales of stocks to-day were
S751l3 shares, including Chesapeake and
Ohio. 2O.2Ol; Chicago Burlington and
Quincy 1855: Cleveland. Chicago, Gin
cinnati and st. Louis. $3.50; Louisville
ana Nashville. 1890; Missouri Pacific.
10 795: New York Central. and Chicago
second preferred, SO,S5O; Northern PacifI1
ureferred $500 Reading. 5i535: Rock
island. 2s.475; st. Paul. A.A5O; Southern
railway. $50: do. preferred. H.3l5; Bay
state Gas. Is. $50; Laclede Gas, $50; West
ern Union. 7.720; Chicago G. w. 17ie5.
The bond market was very active and
generally higher. Total sales. 2,772 800
Government bonds were higher.
BANK CLEARINGS.
The total bank clearings during the
week were 81, 0i7 02S,44l; per cent. Increase,
900 exclusive OF New York. Als,5llss3;
per cent. increase, 2i5.
MONEY AND EXCHANGE.
Money on call easy at 1Q1 IL per
cent; last loan at / IA per cent, and
closing offered at 1Gl IA per cent;
prime mercantile paper, Sl-244 IL per
cent.
sterling exchange easier, with actual
business in bankers bills at $50 IL for
demand and As3 1-4HsiS IL for sixty
days; posted rates. si.A l-2QA.S IL and
slS 1-2GslS; commercial bills. A.&q
4.s2 IL.
silver certificates. 81 81; bar silver,
81 "a; Mexican dollars, 10 "a.
Government bonds strong; state bonds
dull; railway bonds strong.