The times. [volume] (Richmond, Va.) 1890-1903, 1894-07-03
FINANCE AND COMMERCE
The CLOSING QUOTATIONS. OF
MONEY.
Offerings and Sales Mt the Richmord To-
bacco Exchange-Internal Revenue
Collections-Foreign Advic.

NEW YORK, July 1.-THE somewhat
more serious aspect Of the American
Hallway Union strike at the West ana
the further extension of the troubles had
an unfavorable effect on stock values
at the opening, and in the rrst halt hour
or so OF business a general decline ~
prices ensued. Pullman Palace scored
the heaviest loss, failing from 1924 70
1851. The Changers being right in the
centre OF the fight, were also partlcu-
larry weak. ST. Paul declined from
59as to 5s7,, Rock Island from 81 to CO.'S
Northwestern from lOi5s 10 lOf, and bur
linston and Quincy from I6f4 70 t0ri
Missouri Pacific also lost Is per cent
selling down to 2Jit, but the general run
of Railway stocks declined only Is TO u
per cent. The bears attempted to make
a little capital out of the strike news,
but after the attack at the opening ana
the failure to shake out any important
amounts Of long stock. they devoted the
remainder OF the time 10 getting back
their contracts. Neither strike news
or unfavOrable earnings had any erect
on the holders, who appear TO be content
to hold their stocks until business I'M
proves. The light shipments OF gold and
the further decline in sterling exchange
neutraliZed the unfavorable features just
referred to. In the afternoon specula-
ton dragged until near the close, when
a rally Of Il 70 y per cent. took place
Pullman recovered 10 15s. The Indus
trials were only moderately active. In
the early trading Chicago Gas fell IN
10 77%. the street being in the dark re-
Maloney decree matter: The stock was
taken up to 1874 by brokers identified
with the insiders, and the buying was
made made by President .. G. Benedict, of
the Chicago Gas Company, to the effect
that all questions OF legality in the ope-
ration of the company would be re-
moved. and that the plan has been sane
IA I.,r III ~ tho court In other
words. that the legal status Of the chi
cago Gas Company has at last been
definitely settled, and that a dismissal
OF the question and proceedings when
controversy for all time, and place the
company In a legal position WITH the
laws Of the State OF Illinois. sugar
ranged between 80 and 100. and closed
at l0Oas. against 10lA on Saturday The
votes in the Senate on sugar matters
were closely watched, and the STOCK
moved up or down. according 70 tne
Interpretation put upon The do, r gds1, LT Tau
was stronger, rising 10 394g3ss 10
bacco fell II, to S7AGS7i2. Whisky de-
ciined ~ TO % and recovered 70 23Ss.
The market. in the main. closed fnrmSr,
The net losses for the day We're ~ Ho 5
per cent. General Electric. Lead. Read
Ing. Baltimore and Ohio. Union Paclnc,
and Long Island Traction rose lSGH
nor cent. Pullman Palace lost y on the
dav. Sales, 1O7 500 shares. The 6ond
market was dull ana lrTtRuldI. t,''i'H
Listed stocks aggregated 1900 shares;
unlisted. a. 900 shares.
Treasury Ralances-COin, SS26l5,voi
currency. s53. $40. 900.
Money on call easy nj I per cent. last
loan at ! per cent. and closing offered
AZ per cent: prime mercantile paper,
3i5d4 per cent. Bar silver 62i3. Sterling
cxchange easier. with actual business in
bankers bills At 4S764s7h for sixty days
and 4e7H for demand; posted rates, 6S7l2
T4s0: commercial bills, 1864 4S'PI. Gov
eminent bonds firm. state bonds dull.
Railroad bonds irregular. Silver at the
board was neglected.