Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-06-04
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT DUSI.
NESS CENTRES OF THE WORLD.
Prices OF Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.

NEW YORK, June J.-PrlceS on tnc
Stock Exchange were in full swing up
ward all along the line to-day, when
Samuel l.. Post, Jr., an old and popular
member of the Exchange, was seized
with heart-disease and expired almost
Immediately on the floor. This visitation
of death put an immediate stop TO the
trading in stocks, and ii was not re-
sumed for nearly two hours. The volume
OF business was, in consequence, largely
curtailed, many active operators with
drawing from the dealings for the re-
mainder OF the day.
The confidence Of yesterday with which
all offerings were absorbed, even a
large amount of stocks which had
been bought for London account and
were resold here. had its effect in Lon
don to-day. on the tone Of the market
there for American securities. There was
active demand and advancing prices
as long as the trading continued in Lon
don, and after ii ceased large purchases
were made here of favorite stocks for
London account. The London buying was
the most potent factor in the market,
and supplemented by the sympathetic
strength radiated from some special
stocks. moved prices upward 10 a point
materially above last nights close, In
the great majority of stocks. But a
rush Of realizing sales in the closing
transactions wiped out the earlier gains
in a great many stocks. and left them
a fraction below last nights close, and
at or near the low point touched In a
realizing movement earlier in the day.
The selling to take profits al the close
started in Chicago Gas, which had
been most aggressively strong al day.
rising in the final hour to 81. the high
point of the present upward movement.
A fall of over a point at the close in
duced selling in other stocks.
Sugar was a leader. with n total Of
nearly $500 shares sold, but it sagged
"a I'm the final dealings. and had a strong
influence in causing the final decline.
There was manifest all day a nervous
watchfulness on the part of professional
traders for the moment TO take the
highest profits, and several notable SELL
ing movements occurred during the day,
with this in view. The early slump
in the Rubber shares. on account
Of the reduction Of the semi
annual dividend on the preferred stock
from to 2 per cent, led to one of
these movements. Rubber preferred
broke G1-i at the opening. and the COM
mon and preferred stocks moved rather
feverishly all day. But the buying for
London account, the improved business
by the commission houses, and the
strength in the Specialties. all served 10
give strong undertone to the market.
The covering movement in New Jersey
oil oil of ctr
Therefore. while the proit-taking caused
a net loss in n majority of the stocks on
the list. the decline was small.
The Changers continued I'm very heavy
| request. Burlington coming next to
| Sugar i'm the list. with several large buy
| ing orders executed in the stock.
The total sale of stocks for the day
| amounted to 5000 shares. including
American Sugar Refining. 5000; Burling-
ton and Quincy, 1900; Chicago Gas. 900
| Reading. 25.ccO: Rock Island, G.1C0: st
Paul. 1900 Western Union Telegraph
| 100: New Jersey Central, $500; South
ern Railway preferred, $780,
The bond market displayed unusual
animation, the sales aggregating S2lSS,-
| 900 despite the cessation of trading fol-
| two hours. occasioned by the demise OF
8 l.. Post. Jr. The dealings embraced
an extensive variety OF issues, in which
marked gains were generally recorded
| Considerable amounts of the mddle-grads
and speculative issues were taker
for foreign account. and revived in
yestment demand by domestic interests
was noted for the gilt-edged mortgages
improvements of 1a2 per cent. Were
scored in many Of the leading properties
and there were but few exceptions to the
inward trend OF values.
Governments displayed strength and
GAINED slight fractions, on purchases OF
sips coo. -
MONEY AND EXCHANGE.
Money on call easy ut 1-4al IL pei
cont last loan at l. closing offered al
tGI-4. prime mercantile paper 31-2a4 PEI
| cent. an -
nth actual business in bankers bills al
..s7 for demand, and A@ 3-4aSi.Ss fol-
sixtv days: posted rates, as6 l-2aAS
and slsSasi.Ss IL; commercial bills
AS5 IA. ~
Bar silver. 60: Mexican dollars. AZ 3-S
suyer certificates. 60 l-Sn6o l-2.
government bonds strong; state bond:
1r,l. railroad bonds strong.
NEW YORK STOCK QUOTATIONS.
|