Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-08-05
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Price. OF Money. Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.
and Domestic.

NEW YORK. August THE great ma
jority OF the sales Of stocks on the Elk
change to-day was made al prices very
substantially above last nights closing.
But the market succumbed in the last
half hour TO a sudden selling movement,
induced by profit taking. The effect was
to wipe out nearly all the earlier gain
in most stocks, and to leave the average
level Of the market but little changed
from yesterday. The sales OF all stocks
aggregated over 5000 shares. The deal
ings in the last half hour were all at
lower prices. and the only stocks to es-
cape the effect Of the fall were not in
cluded in the later dealings.
Except for the final decline, the market
was almost a repetition OF that Of yes
terday. copious purchases being made
Of pretty much every stock in the list
Very many sales OF odd lots were re-
corded. There was not much discrimi-
nation shown in this class OF buying,
which embraced some of the stocks when
have almost passed out Of the field Of at
tention on the Exchange. A notable fea-
ture was heavy selling for the general
account. and the readiness with which
these sales were absorbed. Northern
Pacific preferred was the chief sufferer IN
this respect. but all Of the international
list were sold by London TO some extent.
II is estimated that the total OF London
sales was $4,000 shares for the day. This
was almost without effect on prices here.
and failed to check the further fall in
sterling exchange. which was affected
by heavy offerings of grain bills. London
was apparently eager TO realize on Ameri-
can securities. and steadfastly declined 10
enter the tempting field for speculation
offered by the New York market.
The Industrial group and the gas stocks
were conspicuous again to-day for
strength. Consolidated Gas leading. and
showing a further net gain OF ; per cent.
Tie Changers were heavily bought. and
advanced at one time nearly a point.
The general decline left the net gains in
these and other active stocks only frac-
ton. The Erie stocks. Nanderbilts and
Anthracite Coalers were also notable
for some sharp gains. Sugar was at one
time PIP higher, but il declined again.
Total sales. $4,000 shares, including
Chicago. Burlington and Quincy. 5000:
Louisville and Nashville. 1885; Northern
Pacific preferred. 23220 Northwestern.
Z $50: Ontario and Western. 800: Read
ing. q $50: Rock Island. 1l.220; st. Paul,
1000; Southern Railway. 10000; preferred.
II 90: American Tobacco 53,O7S: Bay State
Gas. 25.570; Chicago Gas, 40; General
Electric lilo; Laclede Gas. 5.40; Sill
Yer Certificates. 5000; Sugar, 26l7o; West
EN- Union, 12.130; Chicago G. w, 1885
Operations I'm railway bonds were at
tended by violent fluctuations in some
cases with Georgia Pacific irsts and
Union Pacific. 41-2. trusts, conspicuous
for advances Of 3 1908 per cent, respec-
lively.
The market exhibited a very strong
feeling throughout. The aggregate sales
were $4,000.
Government bonds were heavy on mode
rate sales.
MONEY AND EXCHANGE.
Money on call firmer at 1d2 per cent;
last loan at 1 per cent; closing offered
at 1 per cent; prime mercantile paper,
1-2d4 per cent.
Sterling exchange weak, with actual
business In bankers bills at A.Sj 5-Sq
81 Sc "A for demand, and AS5 5-SaS4S5 81
for sixty days: posted rates. A.S6 l-2gsiS'
and A.S7 1-2GAsS; commercial bills, 1886.
silver certificates, 5Lq57 IL; bar silver,
81: Mexican dollars. Az
Government bonds weak; State bonds
.d,,u. railroad bonds strong.