Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-07-03
Mean temperature. ..............."..7
NEW YORK STOCK MARKET.

NEW YORK, July 2-Ths day In tho siock mar
ket vas ono otreaction which lasted throughout
the entire time. and the resultO the days trading
is TO leave every thing traded In, with few OK
ccptiOus,i materially lower than last evening.
Trusts were stil active. but ra ilroad stocks once
more came 70 the 'front.' and the proportion be-
tween the sales Of the listed and unlisted Stocks
were restored. Atchison was great weigh,
upon the market and % rumors and stories OF
trouble in The finances o. that company was due
more than anything else the weakness dis
ployed in oil portions OF the list IL IL true
thai all the July obligations OF the company
have boon met, but the story nom Philadelphia
that the remaining three millions OF in second
mortgage notes had been issued sot going all
the stories Of the financial en- barrasemeht OF
tho company with the old talk Of the receiver,
and although the story OF the issue Of the notes
WAS denied from Boston 10 did not stop the lie
cline In the stock nor remove the impression
that the company had been compelled 70 borrow
money "a meet IT. pressing needs. The result
was hr. Ak Of early per ont To this added
tho Influence Of positive refusal OF the burning
ton aud Northern 90 withdraw the low commonly
tariff and other expectei complications IN the
West which set on foot tho selling movement In
the Changers. and 81 Paul. Burlington
and Rock Island followed with material
declines. Missouri Pacihc was sold In sympa-
thy with Atchi son. and New England not meet
ing with 10. recent good support yielded 10 heavy
raalizatons Coalers we're moro quiet than sny
othor largo group u stocks. but LackSwanna
showed considerable weakness. especially IN tne
AitnluD0u. trusts were eItlNt, hlNukl OhAf IA
National Lead Was the recent large volume 81
business In these shares hppro1imated, and the
realzauOns on the recent s per cent rise In
sugar caused shRrp break Of per cont In that
stock Ia the nrst few minutes. which was 70
large extent the result Of the uncOYenng OF stop
orders. This was followed by a partial re-
covery. but tho stock continued weak aHd
toward tho close weak tono spread 70
tho others and both lead and distllers
broke materially. There WAS Throughout
n marked indisposition % embark in any new
ventures over tho holiday. aud the room being
bearhsh, advantage vas taken ~ the selling ~
Atch aOn aud reaizattOne in trusts 80 hammer
the entire Hat. Tho market, which had ruled
dun except for leading sto,ks, became quite ao-
tive IN the lasj hour. and tho choso WAS weak AZ
the lOwcst prices If the day sales OF listcd
stocks aggregated 10000 shares. Almost the
0ntiro actve list II materially lower to-uight
Atchisou shows a loss OF =. Missouri Pacific :
Vow England = .. burlington ~. 81 Paul and
Rock Island each II, and Lackawanns J. Among
The trusts sugar is down 81, lead 2 and distil-
lors y.
EcenHO. Exchange moro active AZ Sl&hiss
Money easy AZ 20 ~ ciOSing offered At = SUB
Treasury oalances-Gold. sl54.03,0N: currency,
82LVr,oOO Governments dun and steady Tor IS:
4 per cents. lSS OK. Int - couponA, lUbia'
state bonds dun and fcaturoless.
A 70 lex Iutl llliT