The times. [volume] (Richmond, Va.) 1890-1903, 1894-10-05
FINANCE AND COMMERCE
TIE CLOSING QUOTATIONS. OF
hJNEY
Offerings and Sales mt the I,ichmord To.
bacco Exchance--Internai Revenue
OBSERVATION-DISCLOSURES Advicos.

NEW YORK, Oct. 4.-For some time
mast IL has been the fashion at the STOCK
Exchange TO sell little Chicago bds
for turn the presN yeI,lssd 'usS S,ca aso
continuation Of capitalists, with the AS
sistance OF some six millions Of eastern
money, would duplicate tne olu trust ,
nlan in Chicago and furnish gas at
tnereIv nominal figures. The street gem
nratIy and quickly fell in with the idea,
Tho active traders having been bearish
az tho time the scheme was launched.
The result was that a big snort interest
was made in the stock. To-Day hu.
nations we're received from the west
Thai tho Universal and CHICAGO Gas
Cornranioa had reached an dHllcdDIe
eettidmont This completely upset the
calculations OF traders, VINO ilIlile I. 'i
started in 10 cover. As a result, Tue
stock bounded UP from IOgI9s on rams
actions OF 1850 shares. sugar, Which
has been the leader Of the market mere
tofore, came second In point OF ac.lNi ,a :.
and the changes IN m 1he sto SIi sold at Ej5s
SSli7L an,! closed at SOS The announce
ment that the differences between raw
and refined sugar was only slAteeh ,.t,,,' %
a cent, wiping out me pIoht VI rom
Covering. and this movement was III
progress right up 10 the close. blStIIicI >
rose from S. 20 lHs49'i Inc "pdi ,I.ol
ment Of the rebate system was tLnetl
TOO UunFI commence Jul N'iN''
Ter had been thoroughly digested, carry
buyers turned sellers. IN tta i ,ns
stocks a nrmer tone preVailed, anu the
covering movement. when was "utcu
early IN the week, made iuIther, Pi9 ~
gTess. Bear readers attempted 10
neutralze the good effect of the tlse
in Chicago Gas by attacking Rock lsiaha'
and brought about decline ~ the laD-
ter 70 59A The manipulation nov. ~
ever. was so apparent that II failed 70
nlfapf pDnRlf lot, anu III
ne closing hours the Railway list was
strong. The Improvement In these stocks
ranged from hrl% per cent ana VA
marked in Burlington, ST. Paul, New
Engiand, Missouri Pacific, and South
.rn Railway preferred. The market
closed firm and iQl2 per cent; hlgner'
Sugar and American Tobacco, however,
gained 81, per cent. each, and Chicdso
Gas 90 per cent. st. Paul. Rock Island
and Manhattan made fractional losses,
An attempt was made TO cover htt ,le,!
In Lead, but in the absence OF STOCK,
The price advanced IS 70 3Nls The total
frarsactiors we're l0i,oGl shares. After
the close Of business Il was stated, on
excellent authority, that ne dinererco as
between the rival Chicago Gas compares
had been adjusted, 1t remains to be
seen whether this semi official announce
mont has not been discounted at the
stock Exchange The bond market was
irregular in the early dealings, but az
the close a firmer tone prevailed. me
sales Of listed stocks aggregated l3s go
shares: unlisted $1,000 shares.
Money on call easy at | per cent, last
loan at | per cent, and closing offered
at per cent; prime mercantile paner,
4G4R per cent. Bar silver, ~. STEERING
exchange dun, with actual business IN
bankers bills Mt lS5&d4SB tor sixty
days and iSf T4St% for demand; posted
rates 4sGilIlS7ia; commercial bills, 4N4l3
0isjR, Government bonds steady. Slate
bonds dull. Railroad bonds easier. Sill
Yer al the board G27s Bit. ..
Treasury EalHu"es-toin, S'd,l liVOo;
currenoY. S59.g7G.OOO