Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-06-24
Mean temperature. ...............S7
NEW YORK STOCK MARKET.

NEW YORK, June 23.-Specuation at
the Stock Exchange was sluggish to-day.
and the undertone of the market rather
weak. Foreign houses were again sellers
of international securities, European hold
ers being somewhat uneasy because of the
dwindllng gold reserve OF the Treasury
Department. The shipments this week
were on an enormous scale. the custom
house manifest giving the total at $4,000.
The banks, according TO a private under
standing, will turn this amount into the
Sub-Treasury, but az TO future shipments,
no agreement has been arrived at. With
the completion OF the remittances for
July interest and dividends, cessation
OF the efliux is looked for. Again, bank
ers expect the passage OF the tariff bill
by the Senate next week. which should
ameliorate commercial conditions to some
extent, and perhaps lead to an improve
ment.
The feature Of to-day's limited market
was the heaviness and steady dribbling
OF the stocks Of bankrupt roads. North
American having declined to 20, Atchison
| to AZ. Union Pacific TO 9i.. Northern Pa
cifo preferred to l2as, and Reading TO
15I4, the lowest figures for the year, eX-
| cept in the cases or the two last named.
| Atchison was depressed by Boston rumors
that the seconds would have TO be as
| sessed In order to bring about sue
| cessful reorganization OF the property.
| No new reasons were assigned Tor tho
/ weakness OF the other stocks named.
The higher-priced railway issues, such as
| the Changers. Louisville and Nashville,
| and Missouri Pacific, were also weak, ana
declined hg7s per cent, st. Paul leading:
The last-named was a favorite with the
bears. who are predicting a poor state
ment OF earnings for the third week OF
June. The Vanderb.lts and Anthracite
| Coalers, outside OF Reading, were quiet.
| New Jersey Central, however. fell /, to
| 1851, on light dealings In the INACTIVE
stocks, Manhattan sold down lss; East
| Tennessee first preferred, lis. Baltimore
and Ohio. 2i2, and Chicago Consolidated
! Gas g. The latter was adversely affected
| by the gas war in Brooklyn.
| The Industrials were weak for Sugar,
| frmer for General Electric. and strong
for Chicago Gas Sugar declined IN, TO
| T2k and rallied TO 98ls. General Electric
IL to 7sIsa7SH. Lead, Tobacco. Rubber,
| Cordage, and Leather stocks were dun,
\ The general market closed somewhat
steadler at a recovery of hgA per cent
from the lowest OF the morning. -oo,
Total sales, 5000 shares, of which $500
were listed and 2l.0oo unlisted.
| The bond market was weak.
Treasury balances: Coin, SSj,36l,ooo; cur
rency. &6.O2S,O0.
MONEY AND EXCHANGE.
| Money on call nominally / per cent;
prime mercantile paper. 3i.q4 per cent.
Sterling exchange firm. with actual ousi-
ness In bankers bills at NNEq4S'a for
! sixty days. and h$lzqLSSss for demand;
posted rates, A.sSaLSs1s; commercial pilis'
s. S6iRq4S1h. A.. h,ora
neglected. CO... ,ords
Government bonds steady state ponds
dull. Railroad bonds weak.
THE BANK STATEMENT.
The weekly statement OF the Associated
Ranks shows the following changes:
! Reserve. decrease, S9,@D.
Loans, increase s25i9.S9.
Specie, decrease, $l,i26,7OO.
Legal tenders, increase, 2lSS''".
DEPOSITS. increase 8,152,SO:
circulation. decrease, Ss3, ~.
the banks now hold H6 355,3l5 In excess
~ the requirements of the % per cent
. rtl