Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-08-24
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT RUsI.
NESS CENTRES OF THE WORLD.
Prices OF Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.

NEW YORK, August 23.-The stock
market to-day shook itself free from the
heavy restraint which was imposed upon
it during all Of last week, and bounded
upward again. To-day the large deal
ers. who threw their holdings upon the
market last week to realize, bought back
stocks in enormous volume, and brought
the level Of the market about up TO that
of last Monday, when the rise seemed 10
have eliminated. That great moneyed
interests were concerned in to-day's buy
ing was shown by the heavy blocks OF
stock that changed hands, and by the
extensive buying of bonds. There was
one order for any part OF 100000 Of q
bond which is q favorite in the specula-
ton at present. The commission houses.
which had withdrawn from the mar
ket last week and had joined the sell
ing movement toward the latter part OF
the week, were out in full force again
in the market to-day II was more
movement OF the large dealers 10 buy
back at the lower level what they had
sold.
The strength Of corn and cotton in Lon
don also aided the stock market.
The Changers and all grain-carrylng
roads, led the Improvement. Burlington
leading, with % 4 per cent The Wander
bilt shares and Southwesterns, the
Gould stocks, and international
shares were all very strong and ac-
tive and few failed TO show a net i'm
provement Of at least point. The An
thracite Coal shares. especially the
Reading issues, were also active and
strong.
The total sales OF stocks to-day We're
449, 1862 shares, including Atchson pre-
ferred $685. Chesapeake and ohio. 500:
Chicago, Burlington and quincy. 1853;
Louisville and Nashville, 1859; Manhat-
tan L. $780, Missouri Pacific, S,579; North
ern Pacific, 7,N1 do. preferred. 1873;
Reading. 1925; Rock Island. 20.320; St.
Paul, 5000; Southern Railway preferred,
S.13f; Union Pacific. 1883; American
Spirits, $500; American Tobacco, 1865;
Sugar. $40; United States Leather, 1870;
do. preferred, 5000 Chicago q. w, 1906;
Western Union. 12,270.
The bond market showed reawakened
activity, the Atchison, Erie. and North
ern Pacific issues being prominent North
ern Pacific 3's gained SIS, Atchison Adj
1uSlIlclL 90, anu III it % > L -.
The motive for the abandonment Of the
bear movement and the resumption of
buying was a growing sceptcism regard
ing reports of a reduced spring wheat
crop in the Northwest. The enormous
liquidation i'm the wheat market gave con-
nrmation 10 these doubts. The continued
rise of wheat in England and on the Con-
tinent, on the other hand. was continuing
evidence Of the foreign need for wheat
and gave assurance of great freight traffic
TO the seaboard to transport the grain, |
and back again TO transport the mer- |
chandise which the farmers profits |
would buy.
MONEY AND EXCHANGE.
Money on call easy at lGll- per cent,
last loan at liz per cent, and closing |
Uttered at 1Gl 1-2 per cent; prime mer-
contile paper. 9 3-4df1-2 per cent.
sterling exchange weak, with actual
,,,,siness in bankers bills at SLS5 1-2@
"a S53-4 for demand and $i.S S-sa$4S IL
for sixty days; posted rates, Sl.Si l-2lQ
as and Ss6I-2; commercial bills,
silver certificates, 52a52 1-2; bar silver
%. Mexican dollars, 80 rs
Government bonds steady. State bonds
:, ,,ouroa1 bonds strong