Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-05-30
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, May 29.-The traders who
awaited themselves Of an opportunity
late yesterday to cover short con-
tracts, for fear OF a crush Of those
bent on a similar mission to-day, were
wise in their generation. The rise in
prices in the general list this week has
been sufficient TO have invited extensive
proht-taking at a. weeks end in any
week for months past. But sales to take
profits were at n minimum to-day, and
exercised no marked effect on prices.
which held steady near the highest until
the close Of trading. The shorts, on the
contrary, showed n feeling Of unrest over
the indications Of strength IN the mar
ket, and manifested their unwillingness
under the circumstances to carry over
short contracts until next Tuesday, at
which time trading IS to be resumed
on the Stock Exchange.
Several important factors served 10 en-
courage the buying Of stocks, besides
the increased confidence felt in the gene
raj outlook for business. Some Of those
who bought stocks gave as their motive
the tone Of the speech delivered by the
Secretary Of the Treasury yesterday, es-
pecially his confidence that the tariff bin
would be passed at an early day, and
his broad intimation that some measure
Of currency reform would then be put
forward by the administration.
Some buying for London account was
a feature Of the early opening, and add
Cd strength. The dealings were remark
ably well distributed the number Of
stocks whose shares were sold being
larger than for some time.
The market for stocks and bonds has
been notably firm and strong all the
week. though the dealings were good
deal depressed az times. The dulness
came at times of heaviness in the mar
ket. indicating the disposition of holders
TO wait for better prices. The rise In
the majority of stocks was only inter
rupted by the influence Of special dee
pressing causes from time to time. such
rs the unexpected volume of The golA-
shipments early In the week, the break
in the Rubber shares on account Of ths
retirement Of President Evans, and the
feeling of distrust disseminated by the
announcement of the Baltimore and Ohio
default on the interest pawn nts due
June LIST ON some OF tile company bonds
These reactiouary Influences proved in-
ADEQUATE TO overcome the encouraging
factors at work and the result has been
a bull market for the week.
The event TO which Wall 'stroet attri-
butes the greater part Of the improved
tone OF trading is the taking up OF the
tariff bin I'm the Senate the demons, rated
intention Of all parties 10 interpose no
foc.ious opposition TO it's passage, and
the result foreshadOwed boy the votes on
committee amendments that no time is
TO be lost in settling the whole matter.
More or less attention is attracted by
various statistical estimates OF the pre-
ecnt activity in general business, accom-
ranied bv the argument that the volume
Of business is at present equal 10 that
in some Of the most prosperous years in
the country's business but at such cX'
tromelv low prices as not TO be evident
I'm estimates of transactions by valua-
tons.
The bond market has displayed O fair
decree Of animation during the week,
with q marked tendency towards high
or plane apparent. The transactions en-
braccd an extensive variety Of bonds
with the gilt-edged properties generally
TccOrQluC sIDsIaulldl lIibl OfNih'Iitn- Inc
more confident speculative temper infu-
onced renewed MISUNDERSTANDING. which
included some round amounts Of the mid
degrade issues.
Government bonds ruled firm through
out on moderate dealings. The total
sales Of stocks were 1lo7S, including
$500 American Sugar; 1880 Chicago Gas;
1250 Burlington and Quincy; G.59o Lead;
$500 Rock Island; 1850 st. Paul. and
g. 500 New Jersey Central
MONEY AND EXCHANGE.
Money on call easy at 11-lQ11-2 per
cent; prime mercantile paper, 3l-24l
per cent.
with actual business in bankers bills at
stST for demand. and at $LS5p&L& for
sixty DAYS; posted rates. SA& l-2@
sis7 and slSSQ$LSS1-2; commercial bills.
$AS50SLS Ii.
Par silver. Gl1-S: Mexican dollars, II 3-S
State bonds quiet. Railroad bonds firm.
Government bonds easicr-ncw As, reg
istered l2}.
NEW YORK STOCK QUOTATIONS.