Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-06-11
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.
and Domestic.

NEW YORK, June lO-Ihe iarSes1
volume Of trading on the Stock Exchange
for the year thus far was done to-
day. the total sales of all stocks being
nearly $4,000 shares. The dealings were
well distributed throughout the list,
many stocks that have lain dormant
for a long time being called into ac-
tivity by the awakened demand for Sc
curities among the outside public. This
demand was early indicated by the good
commssion-house buying, but there was
also quite extensive commission-house
selling Of stocks. pointing to proba-
bility that the continued steady rise in
prices has invited the marketing of
some holdings that have been kept back
for a long turn in the market. The
marked strength of the market during
all the early portion of the day was
accompanied by more or less desultory
selling 10 take profits, but up TO the
final hour OF trading all these offerings
were absorbed without any marked ef-
feet on the market. But a heavy rea-
llzing movement IN the final hour wiped
out large part of the earlier gain I'm
most securities, and all of it in quite a
number.
Heavy liquidation I'm Sugar was the
main factor in breaking the market, the
selling being increased by some disap-
pointment that the sugar schedule of
the tariff bill had not passed the Senate
when the trading closed, and to re-
awakened apprehension that it might be
changed I'm conference between the two
houses so as to lessen the protection on
refined sugar. The resulting weakness
of Sugar was as effective in depressing
the market. in view of the large volume
Of its sales, as its aggressive strength
I'm the morning had been in sustaining il.
The response of the London market
for Americans to yesterdays late
strength had also given a strong inn
petus to the early advance. London was
also a buyer here to a moderate ex-
tent. of all the special favorites of that
market There was some distrust felt of
this London buying by professional
traders. on the ground that il may be
for a short turn of the market, and Is
likely TO come back here for sales soon.
The Changers were actively traded in
all day. 81. Paul leading, both in volume
of transactions and in extent OF adj
vance. which reached a point. It's re-
action was also less than that of the
others of the group, which lost pracu-
cally all their gain. Rock Island showed
a net loss. Sugars fan from the high
nolnt was 23-S. but a final rally left
it's net loss fractional The Coalers were
also notably active and strong.
Tobacco was active, on manipulation
,,,,ctfpaIly UNCHANGED The
iron and steel companies were notably
strong. and reacted only fraction Ili-
nois steel advancing -; Minnesota
Iron . and Tennessee Coal and Iron,
II The Vanderbilt stocks also showed
strength. Canada Southern and Michi-
gan Central gaining ] 3-S, and the New
York and St. Louis stocks over point,
other gains in the group being fractional
Northern Pacific preferred was very ac-
tive hut moved narrowly. Louisville and
Nashville gained II. Lead preferred adj
vanced points. Norfolk and Western
nreferred. IL: st. Paul and Duluth,
points.
Tho now securities Of the st. Joseph
and Grand Island railroad were dealt
I'm for the first time. the first preferred
ranging from 80 down to 81 81, the Sc
cond preferred from II TO II. and the
first mortgage bonds from 81 5-S to 6S.
Western Union continued notably ac-
tive. advancing Ia. but reacting point.
The closing was weak. but slight net
gains being the rule.
The total sales Of stocks to-day Were
sE345 shares. including American To-
bacco. 1900: Atchison. Topeka, and
Santa Fe. 5000; American Sugar Re-
fnery. 1900; Burlington and Quincy, 2s,-
eco. chicago Gas. $500; Louisville and
Nashville. 10 200: Northern Pacific pre-
ferred. 10. 400: Pacific Mail. 500; Reading.
20 600: Rock Island. 1890; ST. Paul 1920;
tennessee Coal and Iron. 7,2co; Western
Union Telegraph. 1920; New Jersey Cen
trail. 1000.
The railway and miscellaneous bond
market continues to display pronounced
strength on heavy dealings, which in
clude an extensive variety OF issues.
Purchases for speculative and invest
ment account by domestic and foreign
can,talists gave q decided impetus to
the improving tendency that carried nu-
merous bonds substantially above pre-
ceding prices The middle-grade issues
ng,red quite prominently in the specula-
lion and registered the principal gains.
rho activity OF the usually dormant
Mortgages indicates a decided broaden
ING tendency. which Is indicative OF n
substantial outside interest In the gene
raj market The speculative issues
generally moved within narrow limits.
hu, shared to some extent in the gene
ral imnroyement. The sales were 5000
90 Governments were neglected at the
hoard. but advanced slightly In bid
quotations.
MONEY AND EXCHANGE.
3P. M.-Money on call easy at ln1 IA