Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-06-30
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.

| NEW YORK, June 29.-The market for
securities to-day was one to delight the
professional trader, the fluctuations In
many Of the leading shares being wide
and very erratic. Sugar moved over a
range OF ia during the day. dancing up
and down by spurts and falls, much as
boiling alcohol would do in a glass tube.
Chicago Gas was almost equally vide
In its fluctuations, and was as erratic,
and even more active. The range Of these
two great centres OF speculation was
above last nights close, in the early
dealings, especially Sugar, and this
tended to restrain a distinct tendency
toward reaction, which was latent in
the market all day, and which finally
overcame the whole list The London
exchange market was fast settling down
TO normal activity again after the inter
ruption OF the Jubilee festivities, and
prices there reflected the opinion of deal
ers that the advance Of prices on the
New York Exchange had been more pre-
cipitate than was warranted by the con-
ditions. This influence was reinforced by
heavy selling here for London account
Prices in the list generally were feverish,
especially the Changers, and sagged TO
marked degree. aside from special
cases. giving very irregular aspect to
the market. General strength and a rally
followed the publication of the Burling-
ton statement for May. showing an in
crease In net earnings of 500, 50S.
The lowering Of the posted rates of ex-
a1nf t.1ff 4 n
and ASS for short bills. also impaired
confidence, rejecting the weakness of
the exchange market. and the probability
that gold shipments would be light
or entirely suspended this week. But
when heavy liquidation I'm Sugar and
Chicago Gas set in, during the final
hour the doubts of holders returned in
full force, and stocks of ali the leading
properties were thrown over at lively
rate. In a feverish desire to realize. and
prices generally were carried down TO
the lowest point of the day. A partial
rally I'm Chicago Gas stiffened prices
above the lowest. leaving final results
mixed between gains and losses. Most
of the prominent active shares show
losses extending TO "a in Sugar. is
in Standard Rope. and over a point in
Burlington, Rock Island, Louisville, and
Manhattan. Northern Pacific, preferred,
developed heaviness, on the belief that
the differences between the Hill inte-
rests and the voting trustees were about
TO eliminate. The Coalers resisted the
general heaviness. on the increase in the
circular rates for anthracite coal.
The volume of transactions was almost
as large as yesterday. The total sales
of stocks to-day were 432, los shares. in
oil Avoa rTnhappn ('OnnanV
1900: American Sugar Refinery. $3.50;
Burlington and Quincy. 5.1oo; Chicago
Gas. $780, Louisville and Nashville. 5000;
National Lead Company, $500; North
west. 500; Omaha. 1920: Reading. 1900;
Rock Island. 2O,1O0: st. Paul, 1900; Ten
nessee Coal and Iron. 10,l00; Southern
railway, preferred. 10000.
The upward movement In railroad
mortgages was continued with conside-
rabie vigor. despite the extreme heavi-
ness Of the stock speculation. The in
duiry embraced a large variety of issues.
in which notably higher prices were re-
corded generally. Some few bonds suf-
fered from liquidation, particularly
American Spirits. The sales were
50. 4O5. 900. Government bonds were steady
a. bid prices. and were without sale.
MONEY AND EXCHANGE.
Money on call easy at ~ per cent ;
last loan at 11-2: closing offered at
l-2G1 3-i prime mercantile paper. 3ui
per cent; sterling exchange heavy. with
actual business in bankers bills at
s,s7Gs4s71-4 for demand. and si& S-iGl
81 Sc for sixty days posted rates, 1886 1-2D
s.N1-2 and $isS1A.S 10; commercial
bills, si.S.
Silver certificates. 60 3-Sd6O 10: bar sill
Yer. COl-4: Mexican dollars, II IA.
Government bonds firm. State bonds
dull. Railroad bonds strong.