The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-07-12
FINANCE AND COMMERCE.
New York Stock Market


NEW YORK, July 1.-THE feeling
OF apprehension and distrust which has
prevailed in stock circles for some time
was stlll more pronounced to- day, and
the bears mot with unusual success in
beating down prices. Sales for London
account and failures at that centre,
combined with the embarrassment of
western houses, led to great depres-
sion in the stock market. The selling
movement gained momentum as the
day drew tic close when it was cur
rently reported that leading capitalist,
with strong Vanderbilt affiliations, had
been forced to liquidate. The bears, in
order to give color to the rumor. which
was emphatically denied, made the
Vanderbilt stocks a special target and
put down both Northwest and Lake
Shore as to so per cent. The weak.
ness extended to the entire list and
Chicago Gas broke 79s, Manhattan AZ,
st. Paul q and other active stocks any
where from to 81 per cent. There was
heavy pressure toaAl and considerable
excitement prevaifed in consequence of
the sensational rumors put afloat. Late
in the afternoon there was rally of u
to per cent. on purchases to cover
shorts, but the advance did not hold
and final quotations were about the
lowest touched. There was some buy
ing, however, by commission houses at
lower range on account of the improve.
ment of the financial situation, some Of
the banks reporting a return flow of
currency from interior ana sterling ex-
change having declined sufficiently to
admit OF Importation of sass, 900 gold
by l.. Won Hoffman s. Co., which will
tnr En-. l.
ship Trave. Among the specialties
Colorado, Fuel and Iron were offered
down to 30. The last previously re-
ported transaction in regular way were
at IS and 10s respectively. Not a single
sale of either common or preferred
stock was reported to-day. The total
transactions were 2s2, 900 shares, in.
GLIDING, $1,000 unlisted. The market
closed heavy.
Money on call active, ranging from
to ~, closing offered at 6. Sterling ex-
change weak. Posted rates, 4ssN@
sS3. Commercial bills, 4SO@4S2%. Gov.
eminent bonds strong. State bonds
dull. Railroad bonds heavy. Sales
OF silver at stock exchange to day we're
10000 ounces at 71ss@7l1.
Closing bids
Atchison, Topeka and Santa Fe.. 1o%
Baltimore and Ohio. ........ 70
Canada Pacific. Observation-Disclosures. 72%
Chesapeake and Ohio. ......... is
Chicago, burlington and Quincy. s24
Snlcago ana Alton. ............. 100
cotton VII. ............. 30
Cotton Oil preferred. ........... 62X
East tennessee. .......... Is
East Tennessee preferred. ... 8
ere. lax
Erie preferred. 40
Illinois Central. ....... IS
Delaware, Lackawana and West. 14O
Lake Erie and Western. Is
Lake Erie and Western pref. $50. 6s
Lake Shore. ia
Louisville and Nashville. 614
Memphis and Charleston. ....... 10
Michigan Central. ... 90
Missouri Pacific. ................ 1925
Moplie anu Onlo. .............. is
NJ, c. & st. so
New York Central. ..... 9sh
New Jersey Central. 90
Norfolk and Western preferred. 10
Northern Pacific. Observation-Disclosures. liz
Northern Pacific preferred. 3OI
northwestern ..-.-.......... o.
Northwestern preferred. ..... 1877
acme Mail. 16A
heaulnB 14iS
Richmond Terminal. ............ 2sG
IlOCh lSlauQ t6
ct. Eau! -. ................. GOI
81. FauI preferred. .............. ITO
Silver Certificates ............ II
american Sugar. ................ 7s%
American Sugar preferred. 70
tennessee tennessee Coal and Iron. l2%
tennessee Cool and Iron preferred 60
Texas Pacific. az
Union Pacific. Observation-Disclosures. 81
wa ....:....; TX
Wabash preferred. *
western Union. 1914
Alabama, class A. Inn
Alabama, class B........ or
Alabama, class C..... 90
Louisiana consols. ...... e2
North Carolina As. Ok
Nortn Caroiina 6s. 1875
South Carolina Browns ...... 100
Tennessee OldS. .......... 60
Tennessee, new set 100
os. '..''.'... 90
49,. 81
Virginia.
. . . .
EX'mat. coup. ......... IS
COnsolS. ........ 90
United States
46, regular. III
as, coupons. .'......... Ill
2s.. ................. 9T15
Produce and Merchandise.
New YORK, July 11.-FJour quiet
offered freely and easier; winter wheat,
low grades, 1.95@2.45: fair to fancy,
2.45@3.45; patents. 3.4o@4 90; Min
nesota clear, 2.50@a 90; patents, OO@
4.50; Southern flour dull and weak; COM
mon to fair extra, s.1o@3. 10; good to
choice do, 3.15@4 25. Wheat fairly
yuif 81 oc;-