Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-24
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.


to the probability Of increased earnings
benefited Burlington IL per cent, and
all the Changers 10 the extent, on an
average Of 1 per cent. rise, although
wheat suffered an approximate average
decline Of 2 cents. with decreased en-
gagements for export for the day. 1t
WAS argued however, that when the
farmers were enriched by the good prices
expected for their products they would
so expeud a portion OF the proceeds that
TRANSFORMATION channels would be bcne-
fitted by a heavy return traffic, as well
as a large grain tonnage TO meet the
demands OF Europe and South America
While their motives are hardly dlsinte-
rested some bulls liken present condi-
tlons with those prevailing seventeen
years back. and would have IL believed
mat the boom Of 1Ss0-'d may be dupli-
Gated i'm 1S97-'9S.
London bought some 10000 shares,
against 700 sold yesterday. These pur-
chases may have been due 10 the fact
that tomorrow 81 holiday I'm London,
and the traders there VIII have only
until Monday 10 cover or carry over
stocks into the new account. The first
of next week will disclose Londons true
speculative position, showing whether
recent transactions there have been short
sales Of Americans or liquidatiOns by
professionals. as British advices are
that the public for the first time IN a
year or two is becoming interested in
American securities.
Traders here rather ignored the en-
gagements o. gold for export, as they
sa Ha
Of the precious metal from the KlOndike
region, and the impending imports OF
gold from Australia, 10 discharge obll-
cations for American grain imported
The customary end-of- the-week profit
taking sales were offset by foreign and
commission-house buying. Foreshadow-
ing decided shrnkage in imports on
the enactment OF the tariff bill. the
weekly imports decreased for the week
a third of q million. being the smallest
amount in many weeks. Sugar fell or
IS only on an effort 10 have il appear
that the Sugar schedule but inadequately
protected the company, and that the
company was to experience increased
competition. The stock rose 3 - points,
a trade journal predicting that insiders
would disclose riches and prospective
profits after the tariff became a law.
Subsequently Sugar lost i half point of
the previous gain. The fact that the
company had advanced the price Of soft,
refined sugar may have had some bear
ing upon the 3-S net rise I'm the com
mon. and II in the preferred.
Southwestern railways, on daily in
creased earnings. and investment secu-
rites were i'm brisk demand. Some
shares which figured conspicuously I'm
the recent advance lacked support and
lost Il fraction. including Chicago Great
Western and Chicago Gas.
Tobacco was benefited 10 the extent %
81 for the common and per cent. FOR
Zine scrip by the refusal OF New York
states Executive 10 call an extraordi-
nary term OF the criminal branch OF the
supreme Court to retry the tobacco
case.
General Electric sustained a loss on
an adverse legal decision concerning the
trolley-arm patent. part Of which it sub
sequenty recovered on statements by
officials of the company that the dec.-
sion was OF no consequence, leaving the
net loss fractional.
Rock Island rose point and a half
on stories hat replacing its s54OJ0000
extension ana collateral fives on a lower
basis was In contemplation. and on the
ti.,a Al4l llllOu Ailtl the AiN4AtuQ rate might
be restored 10 I per cent. basis, as II
was the first road 10 reduce It's dividend
in the recent depression.
The total sales Of stocks to-day were
3S7.lS5 shares, including Atchison pre-
ferred, sos; Chicago, Burlington and
Quincy 38797 Louisville and Nashville
70, $50; Missouri Kansas and Texas pre-
ferred. 1870; Rock Island. 33OS5; St
-. vi and Q
Union Pacific. 1915; American Tobacco
23,565: Chicago Gas. $500; Lead. 1870
Sugar. 575I7; Chicago Great Western,
1893.
Trading in bonds continued in con-
siderable volume, and further substan-
tial Improvement occurred in many Is
sues. Purchases for Continental account
embraced the more prominent liens. The
aggregate sales were $4,000 Govern
ment bonds ruled strong, on light trans
actions
MONEY AND EXCHANGE.
Money on call steady at l per cent;
last loan at / per cent, and closing Of
fered at 1 per cent; prime mercantile
paper 3u4 per cent
sterling exchange firm, with actual
business in bankers bills at S4s7l-4 for
demand and isO Ia Tor sixty days;
nosted rates. s4Sqs4Sl IL and slSslI
s4ss 70; commercial bills. s4s5l-2
Silver certificates. SO l-2q59 "a: bar sill
yer. 50 "a; Mexican dollars. IS Ia.
Government bonds strong State bonds
dull: railroad bonds strong.
NEW YORK STOCK QUOTATIONS.
Closing stocks.
Afcnisoa. TOP sEs rnf ssnst rs...-.......-. l3ss
Atch son. preferred .................. ..".. 269
Baltimore ani Oaio. OBSERVATION-DISCLOSURES. lOS
Canada Pa ,il..... ..-.... .---.. ...-.... o'