Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-28
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT EUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &c, Foreign
and Domestic.

NEW YORK. July 1.-THE Anthracite
Coal shares advanced considerably on
buying by interests always identified
with movements Of the coal stocks.
Otherwise, the market sustained slight
losses. and closed steady. London pur-
chased some 1900 shares, while the bulk
OF the trading for the home account
was made up Of sales. While the car
rying rates In London Indicated a
scarcity Of stocks there, to-day's trading
showed that recent sales from that quar-
ter had been chiefly TO take profits. and
that there had not been much short
selling there.
Local spectators llquidated consider
ably to-day. but commisson-house pur-
chases about equalized such sales, rem
dering the market extremely irregular
The liquidation in Industrial stocks
rather unsettled the list. The gilt-edged
securities declined considera bly,. PrOfes-
sional traders hammered the Changers,
but pool buying subsequently caused a
practically complete rally. Although to-
days advices reflected a good condition
Of All the crops. the bears argued that
the weather was unfavorabe for grow
ing corn. 4 large portion OF the reac-
ton OF the day was due to the uncover
ing OF stop-loss orders. This was nota-
bly, so in Sugar which broke sharply
43-4 per cent from the opening, TO lS5 II,
and closed with a net loss Of 2 SO per
cent. the stock showing no evidence OF
its recent aggressive support.
Tobacco moved APP to ~. and on
foundations receded 10 81 IA. but sharing
IN the late rally. the price was car
ried UP to 81 IS.
Chicago Gas reacted 23-s and rallied
n point, and other Industrials generally
receded / TO 11-2 points. The Rubber
stocks were an exception to the general
industrial weakness. The common rose
rs and the preferred :. The strength
i'm Rubber was partly due TO favorable
rumors connected with the property,
which were denied too late to have any
effect. Among the leading railways,
Louisville. on foreign purchases, was con-
spicuous for a gain of a fraction. Changes
I'm the usually neglected stocks were quite
violent. Chicago and Alton rising to 49,
against 10. on the last transaction
American District Telegraph. on the other
hand. reacted to q. against the previous
quotation recorded some time ago Of 30
The pronounced strength OF wheat and
the exceeding weakness Of silver were
incidents Of the day.
The total sales OF stocks to-day were
1893. 40 shares. including Atchison pre-
ferred. 1885: Chicago, Burlington md
Quincy. 24.n7; Louisville and Nashville
II go: New York SusQuehanna and West
ern preferred. 500; New Jersey Central,
1854: Missouri Pacific preferred. 50lS;
Reading. 1887; Rock Island 2.i60; ST.
Paul 1882: Union Pacific. $3.50; American
Tobacco 44.Ol2: Chicago Gas. $500. sugar,
GA SO: Chicago G.. W. $500.
The bond market displayed a generally
good tone. although some light recessions
we're made in a few OF the leading is
sues. The inquiry for middle-grade
lions was quite pronounced with some
mortgages being benefited by special con-
sheraton. The aggregate sales were
s2,36O,O0.
Government bonds were in demand. with
the new As. coupon. rising TO 126 p the
hest price ever noted. he transactions
were $1,000.
MONEY AND EXCHANGE.
Money on call dull at ]; last loan at l;
closing offered at l per cent; prime
mercantile paper. ga per cent.
Sterling exchange strong, with actual
business I'm bankers bills at Si@ La
SiG1-2 FOR demand. and S48 l-iQ$iS5 II
for sixty days; posted rates. A679
Aa1-2 and $LSSqSiSS IL; commercial
bills. $4S1-2.
silver certificates offered at 50; bar sill
yer. 5S1-4: Mexican dollars. 45 3D.
Government bonds strong; state bonds
dull. railroad bonds firm.