Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-13
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
ana Domestic.
ana Domestic.

NEW YORK, July 12.-Sugar occupied
the largest share Of attention in the
stock market to-day, and its buoyancy
was a sustaining factor through the
whole list, with the exception Of such
stocks as were specially exposed to de-
pressing influences. The outstanding
short interest showed a nervous appre-
hension under the persistent strength OF
Sugar, and extensive covering carried the
stock up by leaps and bounds, the closing
being buoyant at 1875, the high point, and
points above the low price. The move
ment to cover became something like a
stampede at the close, large blocks chang
ing hands on the rising price. The sales
of this stock reached a total of over 5000
shares, which was over one-half the ag-
gregate of all the sales. The price reach
ed, 1876. is the highest on record for the
stock. on June 29th the price touched
l3O and has since ruled below that figure
until to-day.
Outside of Sugar the market was dull,
the variations of important stocks being
small. and the wider variations being
shown only in unimportant stocks. The
disregardful of the tone on the London
Exchange, where prices were lower. The
international shares were, however, COM
paratively neglected. Louisville and
Nashville was heavy on the preliminary
statement, showing a decrease in the sur
plus Of Sn53A. Northern Pacific preferred
was also offered quite freely, but re-
covered its loss. The Rubber shares were
weaker on belief in dissensions in the
directory, the preferred stock losing 23-4.
Pacific Mail advanced 10 81 Ia, but lost
the gain. The Changers showed marked
depression during a portion Of the day.
recedlng an average of about a point be-
low the early gain, but they recovered the
loss. The Anthracite roads were firm, in
sympathy with the strength of Lehigh
Valley i'm Philadelphia, and on belief in
benefits to accrue in the anthracite trade
from the soft-coal strike. Des Moines
and Fort Dodge. Chicago, Great Western,
Brooklyn Rapid Transit. and Rio Grande
Western were quite strong.
Features of the day were the appear
ance of grain and cotton bills of exchange
in the market and some short selling of
long bills of exchange. There was no
further hardening OF exchange rates mani
fest. and the Indication is strengthened
that gold shipments for the season are
over.
The bond market was fairly active. with
fractionally higher values prevalent in
the speculative issues. Some Of the less
known securities displayed aggressive
strength and a good demand was APP
parent for the middle grade Issues
Fluctuations generally were extremely
narrow. The aggregate sales were $l.O75,-
Co.,
Government bonds were well supported
and gained fraction on purchases Of
$1,000.
The total sales Of stocks to-day were
.1OS shares, including Chicago. Burling
ton and Quincy Has; st. Paul, HOOP;
Chicago Gas, 1880; Pacific Mail, 5,Oj5;
Sugar. 7s.sS7
MONEY AND EXCHANGE.
Money on call easy at 1Q1 ii per cent;
last loan at i per cent, and closing Of
fered at l per cent; prime mercantile
paper, 3Q4 per cent.
Sterling exchange steady, with actual
business in bankers bill at sfS7dS4S7 II
for demand, and S4s6 for sixty days;
posted rates, $fS6 1-24$+s7 1-2 and s4ssQ
A81-2: commercial bills, $LS5NSiS5 Ii.
Bar silver, coils; Mexican dollars, AZ.
Government bonds strong. State bonds