The times. [volume] (Richmond, Va.) 1890-1903, 1897-06-24
FINANCEANDC COMMERCE
THE CLOSING QUOTATIONS OF
MONII.
offerings and Sales mt tho Richmond To.
bacco Irchance-intcrnal Revenue
lo,lccfions-Torcign Advances.

NEW YORK. June 23.-To-day was an
other day OF marked strength in the mar
kct for stocks. the dealings being large
and the buying demand keen. so That tic
tendency or prices was strongly upward.
There were ups and downs during the
dav. the latter on proht-taking for the
most part. but tho close OF the days
trading found prices generally above last
nights close. The outside Interest IN the
market shows largo increase. and COM
mission houses report n great accession
OF orders OF "a speculative character fol-
lowing the solid investment buying that
has been going on for some time, ana
which tO-day's developments indicate s.
stil going IN. Tho ouying was alwcst
wholly a result Of the confidence in the
general outlook for business. There was
little ncWs accompanying the uDw"rd
movement OF prices. md. therefore,. little
20 record beyond the .lcrc changes IN
prices. Good buying continued in North
west. hut the price OF Other sucks. by
sympathy about as much as itself. Tho
granger wore all in keen 1'fsi1fi, ana
showed n substantial Gain On the Gay;
Tho same was true OF al ~scrtern ard
southwestern railroad properties. where
The crops promise TO ne abundant ara
bring business improvement all through
those sections. sugar md 'l'casO Gas
were both under pressure - dd''fcht
times during the day. and held back the
market. When these two stocks came
into harmony with tho market and moved
upward tho highest prices Of the daN were
recorded 1r many stocks. "lle strength
IN tho cOaIorr developed IN che afternoon
md tho grorn became strong and ag-
Ciessivc and the dealings IIitc animated.
Tho rate at which prices rose was an
Indication that there is not a large cuan-
tity o. those stocks except Itoadlng Ho"l-
Ing I'm the market sharp advances IN
romc Of no hirh-pricod Investment stocks
wore "a feature. New York. Lackl.eanna
md Western jumping ~. lhe volume
o. dealings was large. but sugar, ~.
Paul. Chicago Gas. Burlington. Reading
and Tobacco absorbed half tho iotal
Falcs. st. Paul 40 SOL touched the high
cet price since the panic of 1893. The
announcement Of an additional shipment
OF $3.50. OOn In gold by tomorrow steam
cr only affected the market Tor q pIl'l
time. The gains I'm the cOalrrs extended
g. 25 for Delaware and Hudson, "a Tor
New Jersey Csntral. . for LackaWannd,
and ~ for Reading first preferred. Sus-
n%uehanna and Western lost a traction.
Tobacco jumped 3 20 u. and reacted .,
while the preferred stock gained q SINH
lar amount and held II. other gains We're;
Pullman. .. and lows Central, Lake Erie
and Western. do. preferred. Louisville,
BAY state Gas. Illinois steel. Lead IRE
ferrcd. Consolidated Ice and do preferred
gained n point or over. Colorado Fuel
lost 1is. Sugar moved over 4 range Of
IL. but closed u off on the day. The TO-
fal sale Of stocks to-day was 2'o"'"
shares. including American To2acco
COMPANY. 1900. American Sugar Re
fuorv. 5000: Burlington and guincv. -
son: Chicago Gas. 2S.40o. Omana. 200;
Reading. 12.SOO. Rock Island. S.oVC: st.
Paul. 10000.
Tho bond market showed no abatement
Of the decided strength that mas Guar
acferized its operations for sore ffhe,
The speculation was quite broad. ahd
material gains were established tu many
liens The middle-Rrade secur't IS were
largely dealt I'm. and registered ne 'N-
treme improvements. which extended 20
Az per cent. in Peoria. Decatur and
Evansville nrsts. Evansville division. The
aggregate sales We're >i.tps. rb Gov
rrnmcnts were neglected nj thc hoard
hut bid quotations We're slightly fleh'i.
MONEY AND EXCHANGE: Money on
ral easy ut 101h per cent; last loan ~
I and closed az 1N1H per cent. prime
mercantile paper. 30f per cent. storing
exchange firm. very dull. with actual nus
inose I'm bankers bills nj S1ltfl''2 Ter
demand and 4SGilN4SGA for s'Ntv H'Ns:
poefod rates. 4S7GfS7N and fSS14SNl2:
commercial bills. 4SGta. Silver certificates.
GOLdG0sl: bar silver. Goi3; Mexican col
lars. AK. Government bonds firo"s,
c.s+a bonds dull. railroad bonds sttrE.