Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-08-29
MARKET QUOTATIONS.
yrroRTs FROM ALL GREAT BUsI-
,rss CENTRES OF THE WORLD.
pr,ces OF Money, Donds, Stocks,
Grain. Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
md Domestic.

Strength throughout the short session
to-day, practically the whole list tend
,ne steadily upward. with scarcely halt.
There was profit-taklng at intervals du-
ms tho morning, but the sales to rca-
lie were absorbed at gulp. witt scarce-
j. an Impression, and tho buying was re-
smcd, and kept up steadily until the
close sharp advances in the prices or
American securities in London gave the
impetus 10 prices at tho opening Arbi-
trare brokers also bought some OF the
Etcmational stocks. The see-saw
t1-c, OF the decline in wheat was again
f,rkingy manifest to-day, and the crop
Image scare Of last week was displaced
by renewed confidence IN the yield OF
wheat and the safety Of corn.
The Changers were largely dealt in, on
tie strength Of this factor, but they
moved within a somewhat restricted
range. Omaha was the centre of interest
ir me whole market. rising by leaps and
bounds TO n rs. and closing only Is
unQer that, with a net gain OF three
POINTS. Tho buying was IN execution Of
large orders.
Buying OF tho same character continued
ST. Chesapeake and Ohio, and. car
led II UP nearly q point.
The so-collcd Gould roads, in tho
Southwest. showed advances IN the prices
Of their shares. on account of the good
showing in earnings Of recent traffic
statements. Wabash preferred gained
point, and Missouri Pacific and Kansas
and Texas preferred. "a each.
Illinois steel jumped three points, and
other iron and steel stocks were firmly
held. on the favorable outlook in that
Industry. The industrial stocks other
wise were somewhat neglected The
Coalers also were not conspicuous and
lacked strength.
THE WEEK.
There has been an almost total abate-
ment Of the crop-damage scare, which
exerted pressure on prices all the week
Even the government weekly crop re-
port with it's unfavorable view OF tho
crop OF corn and spring wheat only
effected a temporary reaction, and that
not OF large ropOrtions Other"ise. the
market has tended steadily upward all
the week The total average decline or
the pre.ious week was Obliterated on
Monday and the weeks rise carried
prices TO top level of the movement. A
detailed analysis of some Of the rail-
way reports showed that the increased
earnings were due as much TO west
bound general merchandise as 70 east
bound grain traffic. This increase IN
general freight business, and the re-
rorted growth of business, were made
use Of as indications of the expansion
of general business in the country. The
sentimental effect of dollar wheat was
no small factor in effecting a resump-
ton of the upward movement in the
stock market, even with the doubt as TO
the safety of the crop still unsolved.
40 serious doubt is any longer enter
tanned that a market is assured for an
unusually heavy crop In the united
states at prices that are extraordinary.
The prosperous year thus assured 10
The farmers is felt to be the certain
basis for Improvement upward from first
uroducers through all the industrial and
commercial community.
A feature of the week has been the
reduced volume of transactions. Thus,
the reaction in the middle Of The week
brought out no large offerings to
liquidate. At tho same time IL y eVl-
dent that very heavy orders 10 realize
arc piaced AT a certain level above the
market in the prominent speculative
stocks. which checks any advance above
a certain point. on the other hand,
there IS evidence of heavy buying or
ders. some Of them on an increasing
scale downward. which are a strong
buttress TO the market below the eX-
isting level. and which demonstrate the
f.th Of large operators in the continu-
ance Of the Improvement. This condi-
tiou gives a remarkably firm and steady
tone 10 the market.
MONEY.
The fact that the money market In
New York has become easier during the
week. is hard to explain In view OF the
continued increase in business activity
all over the country. The failure OF me
money market to harden is attributed 10
the fact that the heavy retrenchment
and enormous liquidation when nave
been going on for months In every de-
partment OF business, have left large
surplus funds available at interior points
as well as In New York. The condition
OF the exchange market is the cause ol
the deferring of gold imports.
The net gains for the week equal or
exceed points in very large number
Of shares. Rock Island leads the Gran
gers. with an advance OF l-S; Burllhs-
ION ass. Omaha. 4I-2; Chesapeake and
Ohio. Baltimore and Ohio. Great North
ern preferred, Lake Shore Manhattan
National Starch preferred, New YORK
Central, and oregon Navigation preferred
are up points Cotton OH preferred
Cleveland Chicago Cincinnati and st.
LOUIS INT anu JSAO -"'i fNNN'~ -
ferred. and Norfolk and Western pre-
ferred. 4 Ohs or over); East River Gas
Iaclede. and Chicago Great Western pre-
ferred. points or over; Illinois Steel D,
and Cleveland, Chicago, Cincinnati and
81. Louis preferred, g.
BONDS.
The notably active features in the bon1
list which was strong throughout. were
the Chesapeake and Ohio, IL; Kansas
and Pacific consol 6s. and Oregon I'M
provement G's. Gains for the week
r..ched a point or more in the Atchison
Adjustment As. Kansas and Texas "a
Northern Pacific general lien Ss chicago
Terminal receipts, ana Erie general heh
3s
Total sales, Sl55OOOoO
Government bonds moved up 1-4Ql-2
during the week on sales of only $4,000.
The total sales OF stocks to-day were
eTHO shares. including Atehison pre-
leucd. 20l20. Chicago, Burlington ana
Quincy l216J; Missouri Pacific. 6'fSo;
Northern Pacific preferred 5.525; ontario
ans Western. 69S5; Rock Island 1900;
ST. Paul. 2i175: st. Paul and Omaha. 1870;
Wabash preferred. 1900; Sugar, 1870;
Chicago Great Western. $50.
MONEY AND EXCHANGE.
Money on call nominally IL per
cont primo mercantile paper Sl-Zg
IL per cent.
Sterling exchange easy. with actual
business IN bankers bills at AS IL Tor
demand and SL& 1-4aASS l-2 for sixty
Gays posted rates $4.Si 1-2qs4.So IL ana anu