Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-15
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsi-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, stocks'
Grain, Tobacco, Cotton, Cattie'
Country Produce, DC, Fore's"
and Domestic.

NEW YORK, July H.-The security
market continued to exhibit strength, on
widely distributed dealings. The Gran
gers. the usual market barometer OF
favorable crop advices. scored marked
gains. ST. Paul common crossed So
which price it has not touched in ten
years. The preferred also made a new
record. reaching 40 S-S. while Northwest
preferred equalled yesterdays top-price
record Of 165 London UNEXPECTEDLY
changed its attitude on st. Paul to-day,
from that of a persistent seller to that
Of buyer. and marked it up 81 above
the New York equivalent at yesterdays
close. This was regarded as foreign
covering Of shorts.
The Coalers walked up from their ac-
customed lethargy. This was largely in
sympathy with the Philadelphia mar
ket for Lehlgh Valley Reflection over
night had convinced the traders that
with the disappearance Of Lehigh Val
ley as an independent factor in the coal
market. this trade would be managed
in such a manner as to produce the
best results for the interested corpora
tions, as lesser companies would find it
profitable to work in sympathy, rather
than assume "A hostile attitude. Thus,
they argued, would be accomplished a
harmony where previous schemes of the
past including a central >Selling agency
and a Reading lease Of other companies,
had failed Then the soft-coal strike, il
it continues. will cause an increased de-
mand for the hard product
Susquehanna and Western preferred,
passing "a easily, led the advance in this
group, on rumors, gradually becoming
more definite. that the stock was being
purchased for control by another coal
road. Wheeling and Lake Erie pre-
ferred and Cleveland Lorraine and
Wheeling preferred were bid up a point
each. while Hooking Valley also i'm
proved. Thus the action OF the btu
minous coal-roads indicates belief that
the strike will rehabilitate the entire
industry.
on enormous transactions. Sugar alter
nately rose and fell. on more or less
favorable news percolating from Wash
ington. The delay In announcing an
agreement by the Conference Committee
was taken as confirmation of opposition
on the part of the House leaders to any
yielding to the Senate conferrees. The
stock opened down about a point, fiuc-
tuated widely, and closed at about ini-
tal figures.
The friends Of Tobacco advanced il
us and the scrip 3, giving as reason.
that the stock had not yet gone upward
with the general movement.
The Gould shares were stronger.
The market closed, as it opened, ac-
tive and strong. at d. moderate general
Improvement, the more notable among
the specialties. The total sales OF stocks
to-day were 27sl 100 shares. including
Chicago, Burlington and Quincy. 1889;
New York. Susauehanna and Western.
preferred, II .9c5; New York Central. 5.2Ss;
Northern Pacific, preferred $685.: Read
ing. 1900; Rock Island, 1851; ST. Paul,
Al CPS; American Tobacco, 81 1888; Chicago
Gas. 500; Sugar, 4948.
The trading in bonds was quite ami
mated, the aggregate sales slightly ex-
ceedlng 5000. OO0 The bulk Of the trans
actions was centered In the low-priced
securities, with decided inquiry appa-
rent for the oregon Short Line issues.
The liens of reorganized properties as
a rule. have come into favor and
noteworthy appreciation 4 OF values in
istered. The market exhibited quite a
hardening tendency. with the changes
substantial in a number Of instances
The principal gains were: Denver and
Rio Grande, SIS. Ia per cent: Oregon
Short Line incomes. Series A, 1-2:
Brooklyn Transit, SIS, IA; Chesapeake
and Ohio, 6s, Class A, lis and Stand
ard Rope and Irvine Company. and
Wayne. Est prefeYed. ia
Government BOMBS were generally firm,
with the transactions trivial.
MONEY AND EXCHANGE.
Money on call easy at l@1 IA per cent;
last loan at l per cent: closing offered
AT / per cent; prime mercantile paper.
3a4 per cent.
Sterling exchange steady, with actual
business in bankers bills at s4s1Qsi.s7 Ia
for demand. and A-ssas4ssl IA for sixty