The times. [volume] (Richmond, Va.) 1890-1903, 1891-08-01
FINANCE AND COMMERCE..
OPERATIONS or THE NEW IoRK
Sf0cK HARHFT

s,,ua,,op Of Tobacco no Richmond and other
Important Centres Quotations Of the New
xorh and Liverpool Cotton Marksts--Pro-
visions and Grain.
NV YoRx. July Si.--Money closed at 2
-, cant. the highest rate Of the day: lowest
~ mr. cent. Exchange closed quiet, posted
.,tss 4s5m4s7; actual rates, 4sts q iSs1s for
- Aav bills and ss61f@4s4s4 for demand.
covsrnnents bonds closed quiet; currency
=. uo4 bid. IS coupon, III bid; as do,
,oosl Pacific railroad bonds closed as fol-
Is Union hrsts. los bid; do. sinking funds,
,o,4 bid. centrals, 1854 bid. state bonds
Elected. Mutual Union 6s 80 bid.
a,hers are occasions when the rank and file
- the stock Exchange operators show as
much sense as group OF hysleIical chiidren,
- yesterday was such an occasion. The Sc
,D.eof cenards which threw the whole trading
,,n,unity into a panic yesterday had for
= 80 basis simple business meeting of bank
ga IN draw up potuou for the Liverpool
s't,on conference. Some one seeing the
- that some ono Of them had come
q cr,ef and the story obtained credence
,T..1,t "a soon as Il was circulated. The tx
,,Ds,re of this trick 20 depress prices was
r--s5 hy "a heavy buying this morn
D. IN DO account q London. The
o,fals market opened higher ana several
80 n tally Louisville and Nashville and
Ton Pacific. made fractional advances. only
- R.ck Island and Northern acme preferred
M Tie bears make any headwaY. during
tNeu rning prices were irregular and IN the
man weak and the early advance Was lost IL
most c.ses bv ~ o'clock Mr.. keenes brokers
ara oreiited with hRmmering Northern Pacific.
L. 81 D..r I'll faln
the market Sugar trust was also sold con-
silsrably this morning. The house about
which the dlsqaietlug rumoTs OF yesterday
wore circulated II rs now SAID. ~ that OF
Fr.xu Brothers, Of Nos 80 and 81 Wall
street Al the Office OF the hrin ~ was
sad to-day that there we're no grounds
hr any of the rumors regarding the
stsniing Of the house and that the reports
we're undoubtedly started by some stock Job
ters one of the Representatives Of the firm
said that the house was willing o. pay good
round sum for the apprehension OF the parties
that caused the report % bo circulated. The
firm Of Brown Brothers IS known as one Of
q most solid IN this city, and It was stated
by one leading operator that Of bis own
knowledge the firm had over 81 900 600 IN "a
single trust company for which they not find
a market. The stock market WAS less active
IN the afternoon but the tone was trmer.
The bears we're given setback by
the declaration Of The regular quar-
terlV dividend OF per cent by
Chicago Burlington and Quincy. Union
Pacific was conspicuous for strength during
the late dealings and Chicago gas was rapidly
advanced by an active buying. The action
Of the directors Of Burlington IN declaring
the dividend to-day. two weeks ahead Of the
regular time. was 10 doubt for the purpose
If reassuring the stockholders who had been
frightened by the boar rumors that DO olyi-
dend would be declared II had the effect Of
strengthening the whole market The strength
Of Chicago gas was attributed to rumors that
4 dividend would be paid on the stock next
week. The stock market closed steady with
prices irregularly changed but in most cases
higher by S. TO 2 per cent The sales to-day
were 2l8 SIG shares.