Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-16
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, July 15.-The Conference
Committee deadlock on the tariff had a
counterpart on the floor Of the Stock
Exchange to-day. especially among the
professional spectators, the net changes
being but fractional either way in most
active stocks, but for the time being
the market has broadened materially
so that, after a two days success, It
would seem that spectators for an ad-
vance might be content with not losing
much ground on the third, especially as
it is considered probable that strong in
terests with optimistic market tenden-
cies prefer a quiet market pending final
action on the tariff and the Presidents
currency message, in order that ulti-
mately their favorites may not carry
top-welght in the advance they fam
would expect when Congress adjourns.
The enormous oversubscription, 5000
600. for a 100000 issue Of Metropolitan
street railway bonds, offered 1T l05, and
the fact that there were simultaneous
sales at an advance OF 51-g points on
the EAlttls were iiArM az Il fffi AiAlA lA4At-
cation Of confidence. Moreover, the
Great Northern's increased dividend
was interpreted as fairly indicating a
steady business recovery in the great
Northwest.
The Changers the foremost beneficial
ries Of such conditions showed only
temporary strength, losing their early
gains. The favorable crop outlook, COIN
vfa Ia In, NJ fOr-
had evidently been discounted. and st.
Paul was subjected 10 professional pres
sure. but the net recession was trifling.
While London disregarded the Bering
Sea dispute, they took less interest in
Americans than on yesterday, selling
moderately Of ST. Paul and purchasing
few low-priced shares, and Louis
Vile, the latter buying being due to
cabled statements that the resumption
OF dividends is possible without the re-
storation OF wages.
Sugar suffered TO the extent Of a point.
on repetitlons Of the rumor exploited
yesterday that the House duty will real
~ win in the Conference Committee,
and again the possible delay was de-
pressing. q member OF Of the committee
being quoted as saying an agreement
might not take place for two weeks.
Tobacco was manipulated in the early
trading. so as 10 recover the 2 per cent.
dividend. IT then reacted, making a
small net loss on the day.
There was little buoyancy among the
Coalers except in Susquehanna and
Western preferred, which gained l SIS
per cent, and do, common point. the
latest rumor being n European trip OF
Gnanciers seeking English help to pur-
chase control Of the road. Local gas
companies sharply advanced, Console
dated Gas, II; East River 4; the pre-
ferred, 51-4, counting that it was ex-
div .dend Spectators took it for grant
ed that there would be n partial con-
soldation of the Greater New York gas
companies. although 1t was not wise "a
officially admit as much, and hence the
denials. The average changes was
slightly lower for the day.
The total sales Of stocks for the day
amounted to 27237 shares including
Chicago. Burlington. and quincy. Sl25
New York. Susquehanna. and Western
| s195: New York. Susquehanna, and
Western preferred. Is. 400; Reading, 1899
Rock Island. 95i9; st. Paul, 23.7sj; St
Paul and Omaha. $40; American To-
bacco. ex-dividend. h003: Sugar. 4S22I.
The bond market reflected to a marke1
! degree the general confidence in the
financial and commercial situation. APP
precautions We're general in all classes
of securities, and the revived demand
for the lOw-grade mortgages was re
garded as indicating considerable outside
purchases. Operations for foreign ac
count embraced purchases of the moro
prominent international liens. The ag-
gregate sales were N15000. Govern
ments were neglected at the board, but
held firm at bid prices.
MONEY AND EXCHANGE.
Money on call duh and easy at I pei
cent: last loan at /; closing offered at
prime mercantile paper Sa4 per cent.
Sterling exchange easier, with actua
business in bankers bills at A.6NA.@ J..
for demand. and S4S6d$fS6 II for sixty
DAYS; posted rates. N@QSiSI II and
Siss1-2: commercial bills. A.S5 Ii
Bar silver, 60 Is; Mexican dollars. AZ.
Government bonds firm; State bonds
quiet; railroad bonds strong.
Petroleum steady.