Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-06-08
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.

and Domestic.
NEW YORK, June THE strong up |
ward movement of the Changers, which |
was the feature Of the market during
all OF last week, received some check
to-day, on account of rumors Of damage
to the corn and other crops in the North
west by the bad weather. Burlington
and ST. Paul. the leaders Of the group,
receded somewhat in value in conse-
quence, and the whole market was more
or less adversely affected. Northwest
also lost fraction. The dealings
in the two leaders, especially Burling
ton, were quite heavy, but strong sup.
port was forthcoming for them at the
lower level. Indeed, st. Paul rose at one
time a fraction above Saturdays close.
The reaction in Burlington, and at
times in other special stocks, due to in
fiuences operating individually upon
them. did not affect the strong undertone
of the market. There was nothing like
a general reaction nor a general swing
toward a lower range of values, such
as the room traders have been keenly
watchful for during the last two weeks.
Confidence in the general outlook for
Improvement seemed to be unimpaired
among security holders. and the offers
to take profits were steadily absorbed,
without affecting any marked lowering
of prices. Rock Island was the strong
element In the Granger group, and was
an exception in showing net gain. The
market lost nothing Of the broadening
tendency which increasingly character
lied it last week. and the dealings were
wen distributed and the buying good all
through the general list. The heavness
in individual stocks was due to special
causes. and this worked a decline i'm the
market from time to time. but the de-
cline in most cases was always re-
covered.
Commission houses were again buyers
for outside customers. and the arbitrage
brokers were also in the market, al
though the London Exchange was
closed in observance Of the Whitsuntide
holidays. These brokers bought general
stocks. apparently confident that they
would be able TO dispose Of them in Lon
don, when trading is resumed there to-
morrow. This buying was indicated by
the strength in Louisville and Nashville
the Northern Pacific stocks. and Atchi-
son. preferred. The fact that there was
no announcement of shipments OF gold
by to-morrow's steamer helped 10 sustain
confidence in the market.
The bears worked a decline in South
ern. preferred. OF is. on the report
that proceedings would be had to an
null the consolidation under a State law
forbidding the acquisition OF a competing
line by a railroad company. The stock
recovered almost all the loss.
Western Union also was sold down on
revived .rumors of dividend reduction by
the Executive Committee, which Is TO
meet tomorrow. But the loss was more
than recovered, the stock gaining a net
fraction.
The strength OF the Gould group was
no small factor in rallying the market
| from the earlier decline. so that small net
gains were the rule at the close. Man
| haitian was notably strong. rising S-s,
after a decline of SIS. Missouri Pacific
also gained net fraction
Cleveland. Cincinnati, Chicago. and st.
Louis was depressed IL, without re-
| coyery
Tobacco and General Electric gained a
noint but lost IL. Chicago Gas and New
Iersev Central were erratic, and closed
slightly lower
sugar was strong and active. rising l..
from the low point. but showed
some reaction. Rubber. preferred, rose
21-2.
| The total sales of stocks amounted to
! OF 30 shares. including American To
hacco company. $500; American Sugal
| Refinery. q 200: Burlington and Quincy
q COO: Chicago Gas, 1850; Louisville an'
| Nashville. $780, Manhattan Conso.i
dated 1900: Northwest. 800; Reading
900. Rock Island, 13l0O ST. Paul, l5O,2oO
Western Union, 400; Southern railway
preferred. $500; New Jersey Central
S,lOo
The tendency of prices in the bon'
market continued generally upward pu
some OF the speculative issues hgsed
urder the influence of realizing orders
Coneiderable animation was displayed
and round amounts of the p6minen
,,ortgaoes changed hands at .mprove
values. The purchases for Continenta
account were very heavy, and embraces
most Of the principal securities havin
an international market. Improvement
NJ 1G2 per cent. were registered III
,,,,,bor Of lines, with the mddle-grad
LIS recording the extreme gains. Tn
80 were s2O76.0O0 Governments wer
1T hut generally firm. The transac
lions were $lb,UVo
MONEY AND EXCHANGE.
Money on call easy at 11-49i IL pc
oort last loan at III, and closin
offered at 1 per cent.
Sterling exchange steady. with aetna
h,,s,ness in bankers bills at sLS1 TO
demand and at S4.S5 S-iasLSI for slxt
davs. posted rates. &S l-24AN an
si SsG,st ss1-2: commercial bills, siSo l.
silver certificates, 6Oa0e S-s; bar SILVER
"a. Mexican dollars, AZ IA.
covernment bonds firm. State bond
dnII railroad bonds firm.
NEW YORK STOCK QUOTATIONS..
Closing Stock
a,.n,s,,.. Topeka aui SANTA re 1850. TX
Adams Express .........' ''''''''''' -
Alton rerre naute. .......-...'''.'''.''-' W
AMERICAN Express. .....'..-'-'' '''''''' =,
A,nsr,c.n Sulir tsfn- y........ -....-..- lie
american Sugar Refinery preferred. ..l03
AMERICAN Tobacco Co... :...... .'..-.'''' ~
..e,;csn To5acco CO. preferred .......... ..lO3
RaIttuore aud Olio.. ~
Canada pa'inc...s .ss..'' go --'''''' -
Canada Southern "......'...'''''''''' 4 %
| Central Pacific. '.'''''''''''''' -
| Cnr,aoraKea and Ooio ............'.. go,
! 1,n,cs 20 snc Alton ......."- ~..''''i -
| Cnt.neo t}uri.ngton1at QItlcy......'..... ~
| Chlcagotas ..............s....'''..+ g.
Con solidated Gas. .''...'''.''''' '''''
| ~ O. g. and st. Louis ...--.........' ID
| Colorado Coal and lron ................''...,