The times. [volume] (Richmond, Va.) 1890-1903, 1891-06-03
FINANCE AND COMMERCE.
opE8AqJoNS OF THE VIEW yoR8
STOCK MfRkEr.

situation OF Tobacco at Richmond md other
Important Centres Quotations OF the New
YORK and Liverpool Cotton Markets Pro-
visions and Grain.
NV YORK. June Mooney closed easy az 2lf
,er cent, the lowest rate Of the day. the high
80 was per cent. Exchange steady. Posted
rst,s. 4S5l6 FOR sixty days and SSa16 FOR demand.
Actual rates, <sf4a4SiSS for sixty days and
l,,,Sa4SsA4for demand. Government bonds
s,eady: currency 6s, los: as coupon. 100 bid;
q DO. N9,s-
The stock market This forenoon was nervous
sod unsettled. owing mainly 20 rumors OF imam
ral troubles IN London, caused by rumors there
~ nanic aud possibly rebellion IN Bucnos Ayres.
lho market IN London was at first much de-
,-r.-ea foT al international securities. and all
IN, carly London prices were q 80 ! per cent
i,ser than the closing prices here last night
iuf after II was fond that the rumors
ri some London banks being in trouble
we're untrue The market there improved and
uhen this market opened London was a free
r.,,er III 1t Paul Union Pacific. Louisville and
Nashville and Erie. Under these circumstances
rrrmarket opened at tsl@% per cent. higher for
81. fbe active stocks. The strength did not last
Iul About lOl5 a report reached the street
thaf s2N0.00O more gold had been engaged
nr export on Wednesday, This caused
s,,encc was wholly lost by 1870 London. how,
Ct.r. continued is purchases. and persistent
,,,. fhs luyinc Tor that account that the mar
l.t rallied again and as ~ o'clock was islaas per
r..f higher than 10 closed last evening. Not
pi b standing the bear. sb talk about Union laci-
f.f hst sfoCk.was stronger To- day. The announce
v,lnt that a special meeting Of stockholders
=. oui-yi.le ana Nashville had bcen called for
.fn to authorize an increase i'm stock from
... .ll1 90 an amount not exceeding $4,000
al rs o. 90 inst slight depressing effect ON the
rri.. which declined from as 90 15i4. though
r..,y red again before - O'Clock 90 lbs open
rrico. One OF the objects for increase of the
... rrlIe and Nashville stock. "a stated by one
..In officials ~ the road. is 10 convert the
.-.no1N % konmcky Central stock now held I'm
tt. Louisville and Nashville into more
s.ainl.e stocks he increase created the
-lrtSsl0n that the company Would pay
$50 X dividend instead OF cash in July. hut n
u. known director Us gwen as authority Tor
a.. statement made tins afternoon that the
.yfI.nl will be paid IN cash. and the stock
holders will be given the option OF taking the
increase IN stock AZ fixed price, as on the Occa-
SION of q former increase in stock The sales to
noon amounted 10 HOO shares. From II
r clock up 10 close OF business trading was very
.h lut the tone of the market continued
strong on the receipt OF more encouraging news
fr. N Iondon. The Bank of England re-
Il.-f the price 10 would nay
sr. on fnis s5Glpp0 of gold engaged for tO-mCr-
rows steamer was Withdrawn. Private cables
were received here saying that the Bank Of
urIaud would reduce its rate OF discount on
ursIay 20 per cent. IT the discount banks
would agree not 10 discount at lower figures.
ha closing prices were IN most cases IS TO ~
r.r cent. higher. New Jersey Central was a
rnfahI. exception, closing IA per cent. lower.
Ila sales f0rthe day amounted TO 2o4.5s7 shares.