Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-06-09
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
ind Domestic.

NEW YORK. June s--The tone Of to-
days market for stocks was distinctly
reactionary throughout. though not to a
marked extent. The tendency was made
the more marked by the failure of the
market to rally with any degree of vigor
under the strong impetus Of the upward
bound Of sugar This feature was the
more notable on account of the great
stress laid by the traders in stocks
hitherto dependent on the early DISPOSE
ton of the tariff by the passage OF
bill.
The heaviest influence towards reaction
came from London. though there were
other elements of weakness which must
be taken account OF. Arbitrage brokers
had bought American securities in this
market while the London Exchange was
Closed for the Whitsuntide holidays on
Saturday and yesterday. This was done
of course in the confidence that London
would be a buyer at the advance in prices
upon resuming trading to-day. on the
contrary, however. London showed an
inclination TO realize on early purchases
of our securities, and prices, in conse-
ouence. declined this morning in London.
This disposition TO realize was accentu-
ated by the fact that the regular Tort
nightly settlement of the London Ex-
change commenced to-day. Private cable
advices received i'm Wall street report,
1850. that London traders have been con-
siderably influenced by an attack by the
Times upon United states Government
finances. and this country's. financial
policy.
Inc stocks bought here for London
account in the last two days OF trading
were left without a profitable market
and were offered for sale here again.
All the international stocks reacted under
this state of affairs. The traders sought
TO precipitate the reaction. which they
nave believed was more than due, ana
there was heavy proiit-takins. and some
evidences Of short selling of Il not very
confident sort.
Sugar was strong all morning on wash
iugton advices foreshadowing the action
of the Senate caucus on the sugar sche-
dule OF the tariff bill. but II sarged up
ward with a bound when the formal de-
cision of the caucus and the terms of the
sugar schedule became known. The ex-
trcme rise was 4 IS. and the close was
only slightly below that. The preferred
gained 3-S. The covering Of shorts ana
long buying induced enormous transac-
tions i'm this stock, the total sales for
the day numbering over 5000 shares,
out of Il total Of all sales OF about 2O,Vo
| shares.
The Changers were sold to take profits.
| and to some extent on the belIef that
crous have been damaged in the North
west. Manhattan and Western Union
/ ~
time. on the action of the officials in
deciding to declare the regular quarterly
| dividends OF ! per cent. on the former
| and IA per cent. on the latter stock, but
| both sold off lat~S, on the announcement
| that Western Union had sold s2WJ,vV OF
additional stock from the treasury Tor
| betterments, losing the early gam ana
| closing at net losses.
| In The general list small losses were
general the early decline being led by
| the CHANGERS and Internationals, but the
rally left losses generally very narrow
| The total sale OF stocks for the uay
| amounted TO 2j6,9O) shares. including
| American Sugar Refinery, 300; Burlhg-
| ton and Quincy, 900; Chicago Gas: SVV,
| General Electric. 500; Louisville and
| Nashville $500; Manhattan Consolidated
$500: Northern Pacific. preferred. 1850
| Reading. 500; Rock Island. $500: ST
| Paul. ll.C0O; Tennessee Coal and lroh'
800: Western Union. 1880
The bond market did not PARTICIPATE III
| the heaviness that characterized the STOCK
trading. except for q few issues. in wnlcf
snecial considerations operated. Business
| was less active but the strength OF the
| market was unimpaired. New Albany
| Consol Trust Receipts, Missouri Consols
and Tennessee Commercial frsts. BIT
mingham Division, scored the extreme
| Gains of 3 per cent each, while Wisconsin
| Central First Trust Receipts and stand
| ard Rope 6's receded lnl 3-S respectively
,rhe aggregate sales were $,3l6,VJO
Government bonds were well supported
and gained slightly, on purchases o.
5000. $40 ,-,,c,r,,Ncr
Money on call easy at ii per cent
lat loan at /, and closing offered a
mil per cent; prime mercantile paper
Si-.G4 per cent IL. oo,,,o
STERLING exchange steady. with aetna
hnsircss i'm bankers bills at A.S S-fgA.S
Cor demand and $isi S-iastS6 for sixty
davs. posted rates, S.S6 l-3aaS and SIS
90 -: commercial balls. siS1 IL.
silver certificates. 6)g6O 3-s; bar silver
en-. ,fexican dollars AZ S-l6
Government bonds firm. State bonds
dull. Railroad bonds firm.
| ,c,, Vnp. sTOCE QUOTATIONS.