Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-18
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT Bosi-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, stocN''
Grain, Tobacco, Cotton C"'"e'
Country Produce, 6cp b"reih"
and Domestic.
and Domestic.


Country Produce, &c, Foreign
and Domestic.
NEW YORK. July n.-Dealinss on the
stock Exchange were in fairy large
numbers. and the market was strong as
q whole Liquidation in Sugar worked
o sympathetic reaction in the market
for a short time, but the advance was re-
slmed before the close on buying 10
cover. and the last prices IN many cases
were the best The Changers were nota-
blv strong. as being likely 10 derive the
most immediate benefit from the promised
abundance Of crops. st. Paul, ROCK
Island. Northwest and Omaha all touch-
cd the highest points in the present
movement. and st. Paul and Omaha
closed at the top. the former leading
the market in point Of activity sugar
was sold pretty steadily all day. though
not without severe pressure. ana some
violent fluctuations. Louisville and Na5h-
Vile was a. strong feature in the trading
and was bought for London account as
well.
The coal stocks continued to snow
strength. under the same influences thaI
have afected them all week. New Jer-
sew Central gained a point. and closed at
S. the TOP price. and the hignesy it
has sold al since early in the year Ihe
hroal I'm the wheat market, on reports
of continental selling was not without
IFS effect on values in the stock MARKET
and contributed 20 the reaction.
Tobacco was kcenly affected by the re-
dictionary tendency. and, together Win
Sugar. closed with q net loss OF large
fraction.
lake Erie and Western preferred, also
closed point lower, the railroad bond
market was very active, and also strong
sharp gains being shown by some Of the
speculative issues The total sales OF
sock for the day were l22.4O shares
Including Louisville and Nashville, Dos;
Rock Island, 7445; St. Paul. lo325; AmeIl-
can Tobacco. 1850; Sugar, 1888.
The steady advance by slow stages
this week should crafty such spectators
as may hope to market securities on
the ANTICIPATED rise, when the business
of the country has settled down atler as
certaiuing definitely the nature or pend-
ing legislation OF course, these expected
rises are often abortive, being stu.teI
bv realization Of paper profits. But little
liquidation, however, has resulted. me
weeks noteworthy incident was the rare
combination OF the extraordinary advance
in wheat. and at the same time most
favorable crop advices. The apparently
trustworthy foreign advices indicated q
diversified shortage of crops that promises
remupcrative returns for both wheat
crops. The Changers, which VIII dement,
largely by this state Of affairs, were
uniformly strong. The fiscal years re-
norts reached unprecedented figures, and
attained an unusual excess over I'M
norris REGARDLESS of enormous Imports
anticipatory of the new tarlm la"
Tbe Anthracite roads were strong on
the vacating of the order FOR an inquiry
into the coal company's methods' on the
ground that the LeXow antitrust law
was unconstitutional There was an carry
dienosifion abroad to magnify the impor-
NO NJ the soft-coal strike. on Wednes-
dav however. London was a tair cusIo-
mer of Yanks. and while subsequently
there was some selling from that quar-
GER IL was Of a hesitatng character
showing a gradual realization or the I'M
nroved outlook here, anu, possibly, a
l,noyyledee that there were efforts 10 ar
bitrate the miners and operators dll-
ferences.
The buoyancy Of Sugar during the early
mart of the week was sustaining lie
duence on most of the list. The 'suspen-
sion Of a large brokerage house on the
wrong side of the market had but tran
STORY depressing effect Washington
rumors early indicated that schedule
very profitable to the refining company
would be agreed upon in conference
Some kindly disposition was displayed TO-
ward railway properties in the South
and Southwest, notably Missouri Pacinc
which was bettered by Is, and Louis
| Vile, 1 5-S.
The bond trading during the week wa:
characterized by aggressive strength on
extensive dealings, which embraced
large number of usually dormant Sc
curities. Changes IN these liens were
usually attended by wide vibrations more
generally upward. The demand Tor IN
yestment account was reflected in the
ranid appreciation in values Of the gilt
| edged issues, which is forcing more gene
raj purchases Of the middle grades anC
speculative mortgages which promise
"a larger return on the capital invested
! ,rbe nlethora Of funds at this centre i:
evidenced by the Increased animation IN
various outside properties, and the hisI
,rices realized for municipal bonds, which
| are much sought for. The aggregate
sales were Sn.O270O0. Governments wer,
moderately active, and exhibited decided
nrmuess. state issues were prominent
and generally higher.
MONEY AND EXCHANGE.
Money on call dull at 1a1A per cent
nrime mercantile paper, 344 per cent.
sterling exchange steady, with actual
business in bankers bills at s4S'4$LS'1i
for demand, and A@aN.Sol. Tor slA A.
davs Posted rates. $4S7QAS7la and S4SSg
81 Ssia; commercial bills, $3.50.
silver certificates, 90; bar silver. 6o.c.i
Mexican dollars. 46 Use.
State bonds quiet; railroad bonds firm
government bonds firm
NEW YORK STOCK QUOTATIONS.
Closing stocks.
Atcnisva. Topeka aud oau.a 20 ....--- "a
Atch son, preferred. ...... ~os
| Baltimore dud Oai). ....................s.- sS7i
/ Canada IA 1tic. ....... .-... s.---''' Sn7'
1 lAuald SOutucf1 ~