Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-08-03
MARKET.QU
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices OF Money, Bonds. stocks'
Grain, Tobacco, Cotton, Cattie'
Country Produce, &C., Foreign
and Domestic.

NEW YORK, August 1.-The market
for stocks to-day displayed an irregular
tendency at times, but the net result oil
the days trading was a general average
gain. extending all through the list. IL
was the general outside interest in the
! market. shown by purchases made by
commission houses, that checked the sag
cling tendency that developed. The pro-
fessional bear operators, who are con-
stantly watchful for the reaction when
they think must come after the long
upward course Of the market, made some
attempt to take advantage or this sag
ging tendency and TO extend the weak
ness through the list but they soon re-
tired from the fed.
Some reports Of crop damage gave
ground for selling movement in the
Changers. and also in the Southwesterns'
but II was short-lived The commission
house buying. which sustained the general
list. was supplemented by large buying
in Individual stocks. Consolidated Gas
continued to show the aggressive strength
which has characterized IL recently rms
strength is believed 10 be coincldent
with the approach Of dividend. Lac
lede Gas securities failed 10 develop
Chicago Gas, however. continued It's u2-
ward course, and its price made the long
predicted passage Of the par marx sen
ing as high as 100 rs. This is new
high-price record, the previous highest
nrice-99 3-S-being made several years
ago. but only momentarily maintained.
The Northern Pacific preferred stock
was also A centre of strength. owing TO
n belief that the trust has agreed upon
n basis Of harmony for adjustment with
interests in sympathy with the Great
Northern. The price rose Is, but re-
acted partially, on account OF the an
NcuItv i'm securing authoritative conilrma-
tion Of the reports set afloat regarding
the choice Of the new president.
4 number Of the Industrial stocks were
esneciallv strong. notably Sugar and To-
bacco. the former showing a recupera-
ton from its depression Of last week
and rising sharply on short covering
Leather was also prominent.
The Changers effectually overcame the
carly attempts at raid, and developed
strength A..
Chesapeake and ONO was st'oHs Oh 'he
statement of earnings.
The weakening of the Exchange mar
ket was the result of bear rumors that
further heavy gold shipments were to be
made this week.
The total sales of stocks to-day were
ESQ e65 shares, including Atchison pre-
TERED. 14SSS; Chicago. Burlington ana
OuIncv II $3.50: Louisville and Nashville
10 72O. Missouri Pacific, S,97S; do. preferred
: 543. Rock Island. HIPS; St. Paul l6'@o'
Southern preferred. 6.h9; American To-
bacco. 5000; Chicago Gas, S.SW; Gene
rol Electric. $500: Sugar, 46,525; United
states Leather preferred. CAB; western
Union. 9254: Chicago Gas, 1856.
Business continued in large volume IN
tba bond market the speculative issues
q absorbing the bulk of the dealings. kan
eas pacific consols showed a rise OF 2
noints. The market generally showed
docided strength. The sales were $500
600 Governments were duh but firm on
purchases Of $1,000
MONEY AND EXCHANGE.
Money on call easy at l4l IA; last loan
~ ner cent: closing offered at ! per
cent; prime mercantile paper Sgi per
cent; .,.A .o,,aI
business In bankers bills at SLSlgShSi Ia
Gov demand. and stS5QSiS6 IA for sixty
-. nosted rates. s4S7aAN IL ana
=. Ss@,s4 SS1-9: commercial bills. $40 IL.
S,,,,er certificates. So lass "a; bar Sill
,,ar 57 "a. Mexican dollars 10 IA
Government bonds firm. state pohus
dull Railroad bonds strong