Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-06-24
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, bonds, sfocks'
Grain, Tobacco, Cotton, CattIes
Country Produce, &C, Foreign
and Domestic.

NEW YORK, June 23.-To-day was an
other day of marked strength in the
market for stocks, the dealings being
large and the buying demand keen, so
that the tendency of prices was strong
~ upward. There were ups and downs
during the day, the latter on profit
taking for the most part, but the close
of the days trading found prices gene
rally above last nights close. The out
side interest in the market shows a
large increase and commission houses re-
port a great accession of orders of a
speculative character, following the solid
investment buying that has been going
on for some time. and which, to-day's
developments indicate, is still going on.
The buying was almost wholly the re-
suit of confidence in the general out
look for business.
There was little news accompanying
the upward movement Of prices, and,
therefore, little to record, beyond the
mere changes in prices. Good buying
continued in Northwest. The Changers
were all in keen demand, and showed Il
substantial gain on the day. The same
was true Of all western and southwest
ern railroad properties, where the crops
promise to be abundant, and to bring
business Improvement all through those
sections.
Sugar and Chicago Gas were both I'M
der pressure at different times during
the day, and held back tile market. When
these two stocks came into harmony
with the market, and moved upward,
the highest prices of the day were re-
corded for many stocks.
Strength in the Coalers developed in
the afternoon and the group became
strong and aggressive. and the dealings
quite animated. The rate at which prices
rose was an indication that there IS
not a large quantity OF these stocks,
except Reading. floating in the market.
Sharp advances in some of the high
priced investment stocks were a feature
New York. Lackawanna ana Western
jumping 8 IL.
The volume of dealings was large but
Sugar. st. Paul, Chicago Gas. Burling-
ton Reading, and Tobacco absorbed half
the total sales. st. Paul. at S01-i.
touched the highest price since the panic
OF 1893.
The announcement of an additional
shipment Of $4,000 in gold by to-mor-
rows steamer only affected the market
for a brief time.
The gains in the Coalers extended TO
21-2 for Delaware and Hudson; 2l-i for
New Jersey Central; . for Lackawanna,
and 81 for Reading 1st preferred. Sus-
quehanna and Western lost a fraction.
Tobacco jumped 3. 10 II. and reacted
II. while the preferred stock gained Il
similar amount. and held il.
Other gains were: Pullman, @ and
Iowa Central. Lake Erie, and Western.
do. preferred; Louisville. Bay state Gas,
Illinois steel. Lead preferred. Consoli-
dated Ice and do. preferred gained a
point or over Colorado Fuel lost is.
Sugar moved over a range of Is, but
closed IL off on the day.
The total sales OF stocks to-day were
270.3So shares, including American To-
bacco Company. l2,oOO; American Sugar
Refinery, 500: Burlington and Quincy.
$3.50: Chicago Gas. 2S, 400: Omaha 400:
Reading. 1850; Rock Island 5000: st.
Paul. $1,000.
The bond market showed no abate-
ment of the decided strength that has
characterized its operations for some
time. The speculation was quite broad.
and material gains were established in
many lines. The midde-grade securities
were largely dealt in. and registered the
extreme Improvements. which extended
10 H. per cent. I'm Peoria. Decatur, and
Evansville lists. Evansville division. The
aggregate sales were sl.69SOO0 Govern
ments were neglected at the board but
bid quotations were slightly higher.
MONEY AND EXCHANGE.
Money on call easy ut 1Gl IL per cent;
last loan at | per cent. AMI closing Of
fered at l@l IL per cent; prime mercan-
tile paper, sal per cent.
Sterling exchange firm. but very dull
with actual business in bankers bills AZ
s4.s7 1-4nsi7 1-2 for demand and siSi iSa
siSS1-2 for sixty days. posted rates. $isl
ms..N1-2 and s4.S8qSi.8S IL; commercial
bills. 1882.
SILVER certificates, 60 l-saS) 5-s:. bar sill
yer, 60 IL; Mexican dollars, 1888