Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-10
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsi'
WEISS CENTRES OF THE WORLD.
Prices OF Money, Bonds, stocKs'
Grain, Tobacco, Cotton, Cattle
Country Produce, &c, Foreisn
and Domestic.

NEW YORK. July 9.-The result Of the
DAYS trading is a small average net gain
i'm the price Of stocks, but the larger
mart of the sales during the day wore
made at prices considerably below yes-
terdays close, and it was only in the
final hour that a covering movement
stiffened prices to a level above yester-
days close, and point or so above tue
low level Of to-day in many shares
There was no news 10 account Tor the
general movement OF the market, unless
II was the continued good crop prospects,
which sustained the Changers. The
strength of Des Moines and Fort Dodge
and Chicago and Great Western con-
tinued. and was attributable to be,ated
share in the Improvement which has been
general i'm the market for several
weeks. and which was precipitated by
market operations of inside interests in
those properties.
Pacific Mail was very active and nota-
bly, strong on the reported intention Of
the directors to raise the dividend rate.
Omaha was favorably affected By a
story that the proposed blanket mortgage
for $l65, ,0OO authorized by the North
west directors for refunding opera ions,
is to be applied to the refundng Of
Omaha issues as well, through the merg-
ing of the two roads. This rumor affected
Omaha more markedly than il did
Northwest itself, and. i'm fact, gave an
impetus to prices in the whole market.
New York Central sold at one time du-
ring the day owing TO reports that its
officials had secured controlling inc =
rest in the Lehigh Valley. The stock
reacted sharply upon "a denial OF this
report from an accepted authority IL
both New York Central and Lehigh Val
ley affairs.
Chicago Gas was vigorously attacked,
and sold down l 3-S below last night )
close. on a report that the plan of con-
solidation included an increase Of the
bonded debt but practically all the loss
was regained.
Sugar was the object Of the usual Hood
of rumors regarding the intention Of the
tariff conferrees, but ruled SDCve last
nights close nearly all day, and closed
with a net gain of a point, rising shslP-
w AT the close, on covering.
The market was almost wholly ma i
I'D of such special incidents as the above
Commission house buying was not fac
tori and exerted no marked influence
either way. There was marked diminu-
ton in the volume Of dealings y
Sugar. st. Paul. Burlington. and Pacific
Mail absorbed about half the total.
The total sales of stocks to-day were
1886 shares including American Sugar
Refinery 1880: Burlington and Quincy
II. 100; Chicago Gas, 400; New York Cen
trail. $500: Omaha. $500; Pacific Mail
II 500: ST. Paul. 1900
A brisk inquiry prevailed for the mia
degrade bonds. and some substantial
improvements were recorded. The gene
raj market also made slight advances
while more cheerful sentiment per-
vaded the dealings than for some time
The aggregate sales were N40O,OW.
Government bonds were shade lower
all around. The transactions Were ao,w
MONEY AND EXCHANGE.
Money on call easy at IL per cent.
last loan Ia per cent; closing Offered
AT 1Gi1-4 per cent; prime mercantile
paper. 3d4 per cent.
Sterling exchange firm. with actua
business in bankers bills at Si.SnSi.S l.
Tor demand. and a.seqS4s6 IA for sixty
DAYS. posted rates, A6 l-2a$i6 l-2 and
"a 1874 ss1-2; commercial bills, A.s5.
par silver. 6O1-4: Mexican dollars, AZ
Government bonds weak. State bonds
sull Railroad bonds strong.