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

NEW YORK, July 6-The intention OF
security-holders clearly indicated by the
tone of to-day's market for stocks, was
10 await further developments in the
general business situation before dealing
I'm the market. Buyers were unwilling
TO offer higher prices than those at
which the market closed Saturday. Al
though the lower bids invited some Of
ferings, which were quite large for some
stocks there was no heavy pressure to
sell the majority Of holders apparently
being as unwilling to sell at the decline
as were buyers to bid higher. The
market was in, consequence dull through
out. some departments being quite
lethargic.
The dulness was less marked in the
leading Granger and Industrial stocks.
St. Paul and Burlington alone absorbed
about one third of the total dealings,
total which fell to 10000 shares.
The days trading was clear enough
indication that the heayiness OF FRIDAY
and Saturday last was not merely que
TO hesitancy on account OF the approach
-
the market Most traders would give as
a reason for their Discrimination TO buy,
that they were convinced that prices had
advanced as far as warranted by the
general outlook for business. The bears
also find the labor troubles in the btu
mlnous coal industry an enectlVe
weapon.
The lower prices for American securi'
tics In London were said TO be due 10
the reports of the soft-coal strike, caoied
from this side. and the London prices
affected prices here sympathetcaily, III
some cases. The nearness OF the Vote
ON the tariff bill gave rise to the usual
rumors affecting the 1ndustriais, poth
favorably and unfavorably. The rally
which occurred eventually. however did
not wipe out the earlier declines entireiy'
hut IL left the net losses generally small
The extreme loss in the leading shares
generally equalled or exceeded a point
Sugar fully recovered and gained 10
net. and Lead showed a fractional hel
gain. New Jersey Central decllheu
noints but recovered all but fraction
Louisville and Nashville closed POM
off Raw State Gas was strong all day
and closed SIS higher; Minneapolis and
& T.ouis also advanced Ia at the close
otherwise net changes snow tractioha
losses in the active list.
The total sale of stocks for the day
amounted to 15O1l5 shares, includlne
American Sugar Refining, 1890; Burling-
tom and Quincy. 1900; Chicago Gas, $500;
Reading. 600; St. Paul, 25,l0O; Tennessee
coal and Iron, 1900; New Jersey Central
1900. =
rhe bond market sagged generally, in
s,.,onathy with the stock market, but
49, losses were small. except In few
less well known mortgages. The total
sales were A,ll3Oo. -,
covernment bonds were steady on bid
oootations. no transactions being re-
corded.
MONEY AND EXCHANGE.
Money on call easy at 1ql IL per cent
last loan AT IA per cent, and closing or
sered at 1G11-4 per cent; prime mercan'
lille paper, 3Gi per cent
Sterling exchange steady with actua
husiness i'm bankers bills at A.s5 $40
stG for demand and A.6 3-iaSiSe loi
sixty days; posted rates, s4.s6 l-2gS - l..
and s4ssqsl.SS 1-2; commercial bills sfso
silver certificates, 90 l-Sa6O IL; bar sill
- eo. Mexican dollars, AZ.
Government bonds steady. state pohu'
duu Railroad bonds weak.
Ar9nTs rtnNc