Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-27
MARKET QUOTATIONS.
REPORTS FROM ALI. GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices OF Money, bonds. Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &c, Foreign
and Domesfic.

ed in draw with the advantage slightly
In favor OF the bulls. The confused ana
Irregular sharp declines and rapid re-
coveries alternating. commonly called
crlss-cross market. continued through the
day. With Congress adjourned and the
tariff disposed Of. professional specula-
tors unloaded and sold short. Local. re-
actions were helped BY London proht-
taking, sales from that quarter amount
ing to $4,000. thus dispellng the idea that
a buying movement might be expected
because Of to-morrow's settlement 10
cover recent supposedly short sales. "A
variety Of reasons were assigned Tor
London's pessImistic views. among which
were the Senates non-action on the cur
rency message and the Japanese-Ha-
wallan affair. but more generally 1t was
attributed to their regarding the effect
OF the tariff settlement as already dis
counted. Prices In the local market re-
coded about point. The Changers espe-
cially suffered on private reports OF croP
damage.
The weak opening, however. Temporal
rtlv benefited the market. having caused
were to be executed at the markets open
ing to-day, provided prices were higher
Railways rallied. but eased off again
Then crop advicos were more favorable
and widely distributed purchases OF the
CHANGERS. stimulated by to-days carry
advance in wheat, benefited the genera
market -.
Extensive buying of Tobacco, on the
likelihood that the company Wouid pe
freer from antagonistic legislation causeu
all the 1ompany's securities to rise shaIP-
y. ,.,, l.,
Reports Of earnings for the third week III
July were almost uniformly good III
COMO CAGES the increases were quite
marked. Delaware and Hudson was
strong the buyers giving no other reason
Than general Improvement in the coal
trade but ii was reasoned on the STOCK
Exchange that important developments
might occur at the meeting OF the COM
nanv's directors Wednesday. me ION
mage Of Reading for last week being the
largest for q long time. brought 'hdt
comnanv's preferred stock good support.
,rhie renewed heavy buying revived ola
rurnors of impending developments in the
anthracite trade. Minneapolis ana 81
I.ouis Dreferred were bid up by the sup
porters Of Rock Island.
All grades Of sugar were advanced TO-
day but Sugar stock was subject 10 pear
nressure most Of the day. After an early
drop Of "a. a partial recovery II
fell again. and when below ~ the
market being full of stop-loss orders
certificates were forced 10 the lowest
point Of the day-l39 5-S.
rrho Intelligence that million dollars
in gold would leave Australia on Monday
for America was a significant feature OF
tho late news: another was little Hurry
Ia cau morey. il being quoted on
small transaction at 11-2Q2 although
tbere was an abundance Of money loan
able at 1 per cent.
The market closed with HfesuI'ir
changes. The total sales Of stocks TOT
the day amounted to 1895 shares, IN
GLIDING Atchison, 1888; Chicago Burning
ton and Quincy. 2C.22O; Manhattan H.
$3.50: Missouri. Kansas ana IeNas' pre-
ferred. 9.O1; Missouri Pacific, l0'ool'
Reading. 1870; Rock Island 5Ooio' ~
paul 4s4Gl; Union Pacific, 1903; Ameri-
can Tobacco. G.3O5; Chicago Gas l45l5;
Sugar. eco: Western Union, Dab
The bond market developed aggressive
strength after an early period of heavi-
ness. which however. did not depress
values appreciably. Tho demand for
issues OF reorganized properties and
those undergoing rehabilitation was very
marked. with Kansas and Pacific consois
conspicuous for a rise of per cent. I'M
movements elsevhere were also very
notable The aggregate sales were
soc 900
Government bonds displayed strength
on moderate purchases. The TRANSACTIONS
were S2l 900.
MONEY AND EXCHANGE.
Money on call steady at 1Q2 per cent;
last loan at IL per cent, and Closing
offered at l-2a2 per cent; prime mercan-
tile paper, 304 per cent. sterling eN-
change quiet but firm, with actual bust
moss i'm bankers bills at $i6 l-44S4.Sl IL
for demand and $LS 1-4QA.S6 IL for
sixty days: posted rates A.@Q$L@ IL
and SiSSQ$isS IL; commercial DIS,
SISj 1-4Q$4SJ -.
silver certificates, 59G591-2. Bar silver,
% Mexican dollars. 4G.
Government bonds stronger. State
bonds quiet Railroad bonds strong.