Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-29
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsi-
NESS CENTRES OF THE WORLD.
Prices or Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cnttle,
Country Produce, &C., Foreign
and Domestic. .its.tA.
and Domestic.

NEW YORK, July 2S.-The dominating
influence of the stock markets strength
to-day was the prosperous grain trade
outlook. Probably over half a million
bushels OF wheat were engaged for eX-
mort 10 the Continent, although only
some third Of a million was reported
from outports. The favorable weekly
government grain report was doubtless
a factor i'm the recovery Of confidence, 10
the disconcerting Of the reactionists on
the stock market. But little effect was
felt in the early dealings from lower
London quotations. as the continuance
Of recent heavy buying by New York on
the London Exchange reversed that mar
ket Americans there closing at the best
prices of the day, AtchisOn, in particular
attracting attention. AS London in the
carly dealings did not respond very quick
~ TO the local strength, arbitrdge brokers
found frequent opportunity to buy IN
London and sell at profit here. Mean
while. however, Louisville. Atchison,
southern. and Reading were purchased
here for foreign account There was
much yariey and breadth to the dealings
here. with heavy commission house or
ders from practically the opening to the
close.
More stocks were active to-day than at
any time in the present upward move
ment. Cotton Oil. Lake Erie ana west
orp and oregon Navigation shares ana
other usually dormant, as wen as Ine
,,,nre active stocks, as for instance sugar
and Atchison preferred were Ie"'"i'S -
the days dealings.
The Int,ustrials and Changers. on
LARGO dealings. aroused considerable IN
terest being up fractionally.
southern Railway properties. including
louisville and Southern preferred, were
mn over a point each on prospective IN
crease in the earnings when cotton De
gins TO move freely. =.
Rumors that the results or the wa
basb,s fiscal wear would be better than
has recently been expected caused the
preferred TO rise over point.
sugar. after calculating erraucaily'
touched 139 81, per cent. OF which gam
q lost on bear attacks in the maj deal
ings. leaving the net gain less man
80 Tbe raid had but little influence
ON the rest of the list the buying con
timing good up to the close, although
We speculators realized profits on pur-
cbases made earlier in the day. on
poston and local buying Rubber preferred
lined 3 points. and the common frac-
INV on reports that the former presi-
49, ~ the company had made an agree
-, with the present management
M NJ ,1mors circulated to-day con-
.,daroblv benefited the properties con-
aornod They were that action might
~ 10, on the dividend for Louisville
to,oro the January meeting and that
,,sr cent would be paid on the Atkinson
adjustment in October. m
on loss than the usual dealings 10
hocco rose fractionally. There were no
important losses. a.
The total sales of stocks TOT .ne Joy
were 200 500 shares. including Atchisoh
nreferred 1924; Chicago, Baltimore ana
Quincy. q $40: Louisville ana Nashnil,-
., g75. Manhattan Y. 5.225; New YORK
rentraI ISIS; Missouri Pacific preteireu'
r oe5. 81. Paul. 21.735; ST. Paul ana Omaha
Z oSo. Union Pacific. 5,ti5; wabash pr
ferred. $50; American spirits "iD'
American Tobacco. 2.2oo; Bay state cas-.
7 295. chicago Gas. S625; Lead 800.
sugar. 1900: United States RupDer' '''"'
Western Union 500 ,soo
A keen inquiry developed Tor A'ch,son
.d,us,ment fours In the bond inafke.'
which moved UP 2 per cent, 10 90
This issue has been rather negecteu Vi