Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-08-20
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsi-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, STOCKS
Grain, Tobacco, Cotton, Cat'ie'
Country Produce, &C., Foreign
and Domestic.
and Domestic.

NEW YORK, August D-The STOCK
market to-day continued 20 show itseH
sensitive to unfavoraDe influences TO
marked degree At no time during The
dav did the course of prices indicate
any oppressive strength. The hquiua-
ton at times was quite heavy, especial
~ in the Internationais and Grangers'
The principal factor in the situation
was The heavy selling for foreign ac-
count OF wheat, sales for that account
being estimated at between 100000 ana
100000 bushels for the day. SO much
stress has been laid for several weeks
mast on the foreign need for our grain
crop. as giving the best assurance Tor
prosperity TO the farming pOpulauch'
and better times for all, that IL was
but natural that depression should DC
,snsed bv the disposition of foreigners
TO sell back to Us the wheat they nave
purchased. This development in the
situation gave the greatest aid to the
professional bears who have been work
ING so persistently for a reaction III
Tho price of stocks They were also
assisted bv the reactionary tendency III
the London stock market, which en-
braccd all securities including Aiherl-
can railways. and which was due 10
hostlities which have broken out on
Tie India frontier London sold quile
heavily in this market.
Another depressing influence was the
.o,,orts which are industriously kept IN
circulation Of continued cola Wea'neI u,
The West. causing danger of lesseheu
snring wheat crop, and delay in the
maturity Of the corn crop.
q,bo courae of the exchange market
to-day caused disappointment to thoSo
who have been looking forward TO carry
i,nnorts Of gold as an additional pui
factor i'm the stock market Ac,uai
rates for both long and short sterllhs
rose about Ia cent. In spite OF tue Law
thar the open market discount IN Lon
don showed an easier TONE ana 'hd' w
rank of England refrained from adNaHo
10 its minimum rate OF discount to-day
,r5e foreign selling Of grain and the
selling of American securities ioi
eorejgn account. helped TO stihen eN-
change rate. The failure OF the Bank oil
England 10 advance its rate or discount
fe REGARDED as evidence that no Iedis gre
felt ~ an immediate decline OF COLO On
don These combined causes erected
c,,ito "a marked reaction IN me price %
stocks generally and this was acceie
rated by the discovering OF stop "'ueiS
Rut tho selling movement seeileu 70 Ioo.
us force I'm a short time. ana the MAJ no'
turned into extreme uuih'.'. ,-.t a.,
orders were found to DE ioL'l''p pa 49,
tha low nolnt and those who had SOC
o,,V omnayentlv. wanted 10 buy stocks
again and hold for a rise ,,o.,,ro
sugar was quite prominent iea'u ne
and touched a new high record AT 10,
otdio, materially in rallying the ihaiNe'
II sold Off again TO near the lowest 10,
A buying demand for the CoSl1rs as '%s'
IN the day was also OF material "S inn
tance I'm raising prices from u" ,n1
point. as was also shafP i'''
nrices of local gas stocks o,r
rhe bears raided the market as1l, .
.,st a. the close. causing prices 10 east
~ ofter he rally. Nevertheless, the me- ne.
los losses, though general. are for the mos ,s1
90, small Good traffic earnings Tor th'
p,, week of August by the Southern
railway. Chesapeake and Ohio, Gnicas -
. and Great Western. and Louis'iis CIV