Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-06-22
"SHKS' CORNER"
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT DUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C, Foreign
and Domestic.

NEW YORK, June 2l.-The efforts or
the professional traders to work re-
action on the bull stock market again
proved abortive to-day, and the result
of the days trading shows net gains
In the majority of standard shares. The
recent order of things was somewhat
reversed in that the sluggish tendency
OF prices came early in the day, and it
was overcome later by the rally. Per-
haps the most ominous circumstance
Of the days market was the fact that
the dealings sank into condition OF
almost total apathy, with prices tend
ing upward. Dulness on a decline Is
the technical evidence of an undertone
of strength. Duness on a rise is the
evidence that prices have reached stage
where dealers do not care to put more
money into the market as a speculation.
There was, however, no pressure to sell
stocks. The lower prices at the opening
came in the face of some slight i'm
provement In London, where, however,
the dealings were almost stagnant.
Later in the day London was a buyer,
and was a factor in rallying the market.
The effective instrument In effecting
the early decline was the announcement
of large gold shipments later in the
week. The tone of exchange was firm,
but the market was so exceedingly quiet
that apprehension as to the volume of
exports subsidized to a large extent The
uuietness of exchange was attributed
partly to the Jubilee holiday in London.
1t is believed that shipment OF gold
of quite large dimensions Will be made
before the end of the week.
The favorable showing of New York
Central for the quarter, with n surplus
earned of s256,OO0 against deficit for
the same period last year OF Slc7,Oo2
broadened the demand for the Wander
bits. and practically all the members
of the group advanced. and the whole
market was sympathetically affected.
The rise from the early low point in
Omaha was 21-2; Northwestern, 5-S;
New York Central, / Is; Canada South
ern. a point, and Burlington, st. Paul, and
Rock Island, a large fraction each
New York. New Haven, and Hartford
gained over the low point. and Illinois
Central 81. Northern Pacific preferred
was largely dealt in, and after de-
cline OF rs. rallied above Saturdays
close. on the belief that the election
Of Daniel Lamont. representing the Hill
interest. 10 succeed President Winter,
had been decided upon.
Sugar lost IA on the day, after fiuc-
tuating over n fractional range quite
erratically. Chicago Gas also recovered
practically all of an early decline or
1 is: Rubber preferred dropped 21-i. and
Consolidated Gas, els. The total sales
were 174176 shares. including American
Sugar Refinery. 1850; Burlington and
Quincy. 1850; Chicago Gas. 1890; North
west. $500; Northern Pacific preferred,
2. 400: ST. Paul, 1880. and Western Union,
700
Trading In bonds was quiet, and values
ried but little in the leading Issues.
The undertone however, was frm, with
some of the usually inactive mortgages
conspicuous for material gains. The
n aggregate sales were sl,2siOc. Govern
mont bonds continued to move up, on
Iigbt purchases. The transactions were
s., 900. -
Money on call easy at 1ai II per cent;
last loan at per cent, ana closing OF
fered at per cent; prime mercantile
paper. 3d4 per cent.
Sterling exchange firm. with actual bust
ness I'm bankers bills at Si6 l-f1A.H IL
for demand and sis5 1-Sasf.& IL for sixty
DAYS: posted rates. 1886 l-9dsi@ l-2 and
q sSli sfSS1-2; commercial bills sis5 IL.
silver certificates, 81 1-4g6l IL; bar Sill
yer COILS: Mexican dollars, AZ 3-S.
Government bonds firm. state bonds
dull. Railroad bonds firm.