Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-06-17
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.

NEW YORK, June 16.-To-day was
marked by a continuation OF the heavy
profit taking, which was a feature Of
yesterdays trading and though the day
closes with the prices Of many Of the
most prominent stocks below yesterdays
closing prices. the average decline is
small, showing good resistance to the
large selling. There were times when
the prices rose sharply during the day
above yesterdays closing, but the higher
level invited realizing in each instance.
There was continuance of the good
commssion-house buying which has
been n feature for some time past, and
which sustains values with remarkable
firmness. The short interest, however,
seems practically eliminated from the
market, and the needs Of this element,
which usually serve TO strengthen an
upward movement, were not factor.
The utter dulness in dealings in Lon
don, owing to the Jubilee festivities,
withdraws a stimulating factor. The an
nouncement that Japan had fled a pro-
ton of Hawaii, now in process of nego-
tiation, had an influence on the SELL
ing to some extent, though this influence
was largely sentimental.
The movement Of special stocks had
sympathetic effect on the market, which
was more important than that of gene
raj conditions. Sugar was strong, on
the votes of yesterday in the Senate.
Il Is.1g l..,
later was depressed on the news that
the treaty for the annexation of Hawaii
had been signed by Secretary Sherman
and the Hawaiian representative. The
selling on this news was based on the
presumption that the Sugar Company
would derive benefit from the abroga-
ton of the Hawaiian reciprocity treaty
and the imposition of a tariff on Ha-
waiian sugar. this stock was dealt I'm
to-day ex-diyidend.
Chicago Gas was also very active all
day. and showed the effect OF large pur-
crases by inside interests. The early
advance was practically wiped out in the
later selling movement. The extreme
range of these two stocks was a frac-
ton over a point. The transactions in
them absorbed fully one-thrd of the
total sales.
The Coaers advanced early, Delaware
and Hudson to the extent OF point
but the bears opened their batteries
upon the group quite fiercely, and
worked recessons in New Jersey Cen
trails Of two points, Delaware and Hud-
son of rs. and the Reading shares of
nearly a point. Bay State Gas and East
River Gas rose over a point. and Leather
preferred also advanced quite strongly,
IL. but reacted subsequently.
Cleveland. Cincinnati, Chicago, and st.
Louis preferred broke 10 63. compared
with 20. the last sale. The stock is very
inactive. and the fall is due TO the pass
ing of the dividend.
The early advances were fractional
and the declines were enough in excess
to leave fractional net losses all through
the list. The decline extended 10 point
or over in Northwest, Louisville and Nash
Vile. and Missouri Pacific Susquehanna
and Western preferred: Northern Paci-
0c preferred; Tennessee Coal, Western
Union. ST. Louis and San Francisco Sc
cond preferred. st. Joe and Grand Is
land first preferred, and Laclede Gas
preferred. IL net.
The total sales Of stocks to-day we're
923 522 shares including American Sugar
refinery 5000; Burlington and quincy
IA 9Oo. Chicago Gas, 81. 400; Louisville ana
Nashville 66o0; Northwest, $500; North
ern Pacific preferred. $500; Reading
51Oo. ST. Paul, 1920; Western Union
Telegraph. 100: New Jersey Central .lVo
The bond market displayed little 1ea-
,,re but values were well sustained tor
fine leading shares during the grea'ei
mart Of the day, with some OF the less
aot,ye securities conspicuous for material
,n,nrovements. In the final dealings the
srac,,ative issues tended lower, III sym
nathv with the heaviness OF the snare
sroc,lation. The sales were s26lO0. Gov
orrments were quiet. but htm. Inc
transactions were $1,000.
MONEY AND EXCHANGE.
p M.-Money on call easy at lql IA
,,,r cont . last loan at l per cent, and
c,oslne offered at per cent; prime mer-
cantile paper. Sa4 per cent.
sterling exchange firm. but dull. with
incl business in bankers bills at AsIg
s,e9I.f for demand. and si.S 7-SaA.S5 Is
for sixty days; posted rates. aS l-2p
:, G. and s.ss; commercial bills. As5 IL.
silver certificates, co l-SpSO5-s bar Sill
ver so1-s: Mexican dollars, AZ Ia.
Government bonds firm; State bonds
an. railroad bonds firm.
NEW YORK STOCK QUOTATIONS.