Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-06-10
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 9.-The stock mar
ket proclaimed to-day with extraordinary
emphasis the vitality and frmness of the
Improvement i'm values which has been
achieved in the last two weeks. The
resources of the bears were exhausted,
and they were driven to cover losses by
hasty purchases on the fast-rising scale
of prices. The dealings in the last hour
were characterized by great animation
and the volume OF sales, which had been
small for two hours previously was
brought up TO a total considerably in
excess of that of yesterday, which was
the largest since the present period oil
activity in stocks. To-day's transactions
I'm Sugar. also. were only about half as
large as yesterdays, though the days
sales in that stock still footed up the
enormous aggregate of over b'oOo SHARES.
St Paul and Burlington came next in
the order named, There were nine
stocks in which the dealings exceeded
10000 shares, and some thirty-five In
which the sales exceede. a 1000 shares.
This indicates a greatly improved dis
tribution OF the dealings. The force OF
the rally is probably best Interpreted as
an assertion OF confidence In the general
outlook for business, and refutatlon
of the theory that marked reaction in the
market was imperative.
1t was that theory. coupled with revived
rumors of crop damage in the North
west that melted some traders to make
short sales for a decline in the morning.
ba
n small supply of stock offerings. The
prices for the Changers later in the day
rose sufficiently to put the shortse 10
rout. and prices stihened.
The special strength shown by num-
her Of the Industrial stocks aided the
general advance. The notable strength
shown by number of the low-prlceu
shares of recognized companies Is PROB
ably attributable to the return from
Europe OF a prominent fnancler, whose
influence has been paramount In these re-
organizations. and who has. before thls'
enlisted large foreign capital IN AmerI-
can properties. The strength oil Susal'
the leader was also a factor in the i'm
nrovemcnt. The early declines were
| for the most part fractional, extending
IN about 81 i'm the Changers, point IN
| sugar. IT i'm New Jersey Central, and rs
| i'm cleveland. Cincinnati. Chicago. ana
| ST Louis. with only partial recovery. me
rally extended TO over a point, and leit
| a substantial net gain in the cases Oh
| the Changers. New Jersey Central Deld-
ware and Hudson, and the Reading issues
| Manhattan. Western Union. Northern "a
ci(ic preferred. and Tennessee Coal ana
! iron. Sugars rally covered 2l-i points
Tho total sales Of stocks were 20 DOL
| sbares Including American Tobacco. loJV'
American Sugar Refinery, 1850; Burling-
.o, and ouincy. 10 500; Chicago Gas, 500:
| General Electric. 800: Louisville ana
| N,aebyflle : 400; Northwestern. 600; North
orn pacific. preferred, 1910; Reading
o. ZOO: Rock Island. 1860; st. Paul, A'S"'
| Western Union, l5'2D .,
mo hond market was less animated
| hut a GOOD undertone continued apparent
,,,itb some of the reorganization issues
innroying materially. the demahu lor
! soreion account was fairly moderate. Inc
sales were $4,000. Government Donus
r,,iod firm. with transactions Tight. The
sales were $1,000
MONEY AND EXCHANGE.
op M-Money on call easy at 1a1 IA
! 49,. cont last loan at per cent; closing
| offered al 1 per cent; prime mercantile
paner. 1-2ai per cent.
Sterling exchange easier, with actual
busness in bankers bills at si.s5 l-sa
XT for demand, and at s4S5 3-fdAS
for sixty days posted rates, AS l-2asf'S'
ard SO: commercial bills, $3.50 Ia.
silver certificates. 6On5o 3-s; bar silver,
| co: Mexican dollars. AZ Ia.
Government bonds firm; state ponds
dull; railroad bonds firm
NEW YORK STOCK QUOTATIONS.