The times. [volume] (Richmond, Va.) 1890-1903, 1891-07-31
FINANCE AND COMMERCE..
ALTERATIONS or TIN SEW YoRh
STOCK MARKET.

sItuation Of Tobacco At Richmond snd other
,n,or,ant Contres- Quotations Of the New
work and Liverpool Cotton Markets--Pre-
xisIons and Gram.
NV Yosx. july so-Money loaned easy
,trouohout the day and closed at 2per cent.
The highest was 2tl snd the lowest 2 per cent.
r,change closed quiet posted rates, 1871
., e.tv days snd is714 for demand actual
It's 4s4aHik for sixty days and 1850
81 for demand. Governments closed
.,e,5v. currency 6's. 40 bid. 4s coupon
M b,8. as do. 1908 bid. Pacific railroad
t.,5e closed as follows Union frsts, ll0l5
l,d do. sinking funds, 1881 bid, contrals
lo6A Did
HE boars opened the ball on the Stock
VIGILANCE this morning by concerted raid
80 fho entire market and IN several CAGES sue
c.eied in uncovering number Of stop OF
Fs-s There was no organized support visible
srvwherc except IN Burlington and Quincy,
"a r-ices Welded readily under pressure 70
III +, the bear leaders. IS. Paul, Union Pa
st. chicago Gas and Northern Pacific
I've he stocks most freely dealt in. Prices
'',,iruea weak throughout the morning, and
.r.sr were \ % ~ per cent lower. The
o., ~ Fngland's statement published to-
Az Shows an increase IN the bullion balance
o., 40 week Of f242000 The surplus reserve
~...el flsS 900 and the proportion OF re-
cav. g. liability IL lS.47 per cent. against
sSni last week and 30 81 a wear ago. Tho
b,nk- gold holdings DOW compare as follows
rn those 4 . year ago 1891, f2l 44b f32;
ia fl0.qI2.474. u will be observed IN the
b,nks report that there has been a slight
~.tn inL bullion. with smaller IL
crease in the surplus. This IS due
n the fact that Russia has cancelled AL out
Standing orders for shipment Of Its London
deposits % ST Petersburg and will probably
ral for no more specie At any rate until the
season Ia over. Russia has heavy interest
,frments 70 make 20 England and the Cont
fert and the transfer Of its London deposits
+. Us own vault would only mean useless
t-ereit Of gold IL the dismal stories Of the
Russian harvest should turn out 70 be true
uot only will the balance held by the
Pothchllds for Russian account remain
IN London. but good deal more Will come
from Russia 70 keep II company ST Paul
vs. specially pressed for sale II the early
dsllings to-day, but resistance WAS met with
shout 81. ri which price broker who was
formerly vice-president Of the company pur-
chased a large block. A prominent banking
l0use. which was not publicly known 20 be
interested in Chicago Gas. but which has
really held for q long time a large block Of
-tock was heavy seller Of that stock to-day.
The bear raid let up about noon only TO be
renewed with increased yigor during
the afternoon hours. The offerings # stock
we're quite heavy % times and the market
went down on almost every sale Rumors
we're current al day Of an unfavorablo nature
concerning the credit Of prominent banking
uses. < very considerable share Of the
afernOon's selling war the liquidation Of long
accounts and the price was cut under on
every order bv the bear operators. There
we're some fractional recOvcries near the clos
irg hour, when the pressure ~ sell seckened
by they we're quickly lost and the market
closed with figures near the lowest Of
the day The reports affecting the credit Of
promiDent houses which were circulated
throughout the day created general un-
e.siuess and caused fresh liQudations. One
If the houses referred 90 is not regarded as %
stock house in any sense but rs name y gen
erlly looked on as Of the highest class. and j.
IS The representative here Of important rail
"A interests on the other side. ate IA the
isg u was learned that the ruIuor respecting
tas particular house arose from q misuuder-
esnd.ng concerning q meeting which was
held ~ parties Identified with the house, and
va,h was for q totally different purpose than
vas generally believed. The closing prices
we've \ TO per cent. lower than those Of yes
to-day The sales amounted 70 Zi7 ,6SZ shares.