Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-01
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
PIECES OF Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.

for securities was not distinctly reac-
tionary at any time, as was yesterdays,
but there was a lack Of aggressiyeness
In il, and a manifest sense of rebuff
among the bull contingent. The admoni-
ton contained in yesterdays lively SELL
ing by London, that the advance in prices
was going too fast, even If II were not
going too far, was taken TO heart, and
had a quieting influence. There was
gent,eness of demeanor shown by the
bulls, and the buoyancy was taken out
of prices generally. This was the more
notable as there was not such hearty
offerings to realize profits as was the case
yesterday. The result was a dull market,
compared with recent days, although the
total sales Of all stocks approached 100000
shares. OF these over $4,000 were of ST.
Paul, and there were, in addition, sales
of Sugar Burlington, Chicago Gas, Rock
Island, and Northern Pacific preferred,
leaves less than half the total still TO be
accounted for
SO far as general news was concerned,
there was no change in the encouraging
outlook which had accompanied the long
and steady advance. Crop advices con-
tinue good; such railroad earnings as
were published were not discouraglng; the
likelihood was strengthened that no goid
would 20 out this week, ana the money
market displayed a distinctly better tone
than for weeks past. Rates Tor can
money were held a from l IL TO L. as
against ! to Ii FOR long time past.
Merchants and importers were in the
on
Withdrawals for bonds, and the demand
for money to put into stocks and securl-
ties continued.
After the opening depression the bulls
did. In fact, carry prices very generally
above last nights close. The Grangers
and Coalers were particularly strong IN
this inward movement, and the FORMER
showed the frmest resistance to the sub
seouent decline. Stocks which rose more
than point over last nights close were
Sugar. Rock Island, Consolidated Gas,
Delaware and Hudson, and Jersey Cen
trail. The subsequent reaction wiped
out the gains through the whole list, ana
the only important stocks to rally 10
not gain were Delaware and Hudson
polnt and Rock Island, Manhattan. and
Tennessee Coal, fractions. The net losses
were general, even at the final rally, ana
extended to point in Laclede Gas pre-
ferred Lead, Pullman, and Tobacco.
There were a few special causes for the
| depression Of individual stocks, such as
| the apprehension that the sugar schedule
| of the tariff bill would be charged so
as to lessen the protection on refined
sugar. Northern Pacific, preferred, re-
flected the belief among security dealers
that the plans for the harmonious ope-
ration of Northern Pacific and Great
to fhTnIgn
differences between President Hill and
the Northern Pacific voting trustees. 1t
is probable that industrial shares gene
rally reflected some apprehension caused
nv the result of the trial OF Tobacco
| Company officials for combining for re-
straint of trade, which. although dis
agreement. showed ten jurors for con-
victon.
The total sale of stocks to-day were
2s5GO shares. including American To-
bacco Company 500: American Sugar
Refinery. 1920; Burlington and Quincy
20 600: Chicago Gas, 24.2o0; y. Y. and 5.
W. 1000; Northern Pacific preferred
! Y 800: Omaha. $500; Reading, 1850; Rock
island. 1S. 800: St Paul, 1880: Western
Union Telegraph, 1900; New Jersey Cen
trail Geo
The bond market was inactive, but
ruled fairly firm. although some Of the
speculative issues fell on signify on
profit-taking Transactions in the gilt
edged bonds were quite numerous. at sub
stantial improvements in some instances.
The aggregate sales were Si,52i,O0O.
Government bonds continued firm on
light dealings. The sales were $4,000.
MONEY AND EXCHANGE.
Money ON call hrmer, at Lac per
cent. last loan, 1 ii per cent closing
offered at 11-4Q1 IL per cent; prime
mercantile paper Sq4 per cent; ster-
Inv exchange dull. but steady with ac-
tual business in bankers bills at $3.50
4s71-l for demand, and $i.S 7-SQAs6 for
49, DAYS; posted rates, 1886 la
SiT1-2 and SssqSIsS1-2; commercial
bills. $S5 -.
SILVER certificates. 60 1-iGG0 -. Bar Sill
YER co.'s Mexican dollars, A Ia.
Government bonds firm State bonds
anr Railroad bonds firm.
Kew YORK STOCK QUOTATIONS..
Closing stocks.