The times. [volume] (Richmond, Va.) 1890-1903, 1894-05-01
FINANCE AND COMMERCE
THE CLOSING QUOTATIONS. or
MONEY.
offerings and Sales ut the Richmord To-
oaeco Exchange-InterBal Revenue
Conections-Forelgn Advic.

NEW YORK. April 3O-The Industrlals
again led the stock market. both i'm po.nt
OF ACTIVITY and advance sugar atone
inquired for l2j.GlO shares. ranging he
tween lOiA and l01N, closing an Io,y.
gam or rs per cent. for the dav. The
STOCK completely overshadowed transac-
tons IN the general list. and at times
the excitement ran high The rise was
based on Washington adviccs that This
company as We'll as other Industrial
concerns, VIII receive all the protection
In the shape of duties they require Lead
was another feature. and sold up 10
AIS Tor the common and to $50 for the
preferred, increased duties and a belief
that the dividend would be declared on
the common this week account for the
Improvement. Chicago Gas. American
Tobacco. Distillers. and General Electric
also made gains, but subsequently Chi
cago Gas dropped from Gl% to G2ss ON
reports from Washington that an apDn-
cation Tor an order restraining the State
AttOrney-General Of illinois from he
ginning quo warranto proceedings had
been denied, and that the Mutual Fuel
Gas Company VIII be granted a franchise
by the Common Council tonight. Amer
lean Tobacco held strong until a late
hour, when II was announced that At
torney-General Maloncy, OF Illinois had
decided that the company was trust
ana doing business IN violation Of Illinois
laws 1t was Inferred that he would
begin proceedings against this company
as soon as he had disposed Of the Chicago
Gas matters. IL was rumored in bond
circles that one county in Illinois was IN
the local market for a biz loan. Some
had II at 5000 900. Naturally. details
are refused but it VIII boz interesting
10 watch the outcome Of the efforts Of
western officials 10 attract outside capt
tai Just at this juncture. The high prices
OF the industrials led 20 a reaction OF
1gG42 per cent. Tobacco leading. Rail
way stocks were firm at the opening.
but subsequently Burlington and Quincy
fell rs. owing 10 raid by bear traders.
The other active railway issues rccedcd
about Is 70 - per cent. at this time.
Later there was a rise all along the
line, St Paul moving up ~ 20 G2i4, Bur
lington ~, Northwestern ~. Louisville
and Nashville =. Missouri Pacific *,
New York Central u, and Union Pacific
lh. At the close when the IndusJr.a!s
reacted, the railway and miscellaneous
stock declined in sympathy. and laft
off about steady. but changes for the day
show ADVANCES Of HNl4 per cent To-
baccO lost Is and Burlington and quincy
q. The total sales were 10000 shares
Railway and miscellaneous bonds were
strong. Sales-Listcd stocks. l4.DOO
shares: unlisted 1G2 900 shares.
Money on call easy at 1 per cent, last
loan at ! per cent, and closing offered
at l per cent; prime mercantile paper
3HQ4 per cent. Bar silver G&,. Sterling
exchange is firm, with actual business
In bankers bills NJ 4S7k04S12 for sixty
days and 4SSlgQ 1881 for demand. l,,sted
rates 1881; commercial bills. 4St5., I4SI.
Government bonds steady. State bonds
dull. Railroad bonds irregular. Sill
yer at the board quiet.
Treasury Balances-Coin, SlO2. 7OS 900;
currency SiG1SOOO.