The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1894-07-14
FINANCE AND COMMERCE..
Now York s.ook Market.


NEW YORK, July l3.-Reports that
President Cleveland would appoint two
commissioners to assist Labor Commits
sioner Wright in an investigation OF the
causes OF the re cent strike as we'll as to
suggest, led to q firm opening in the
stock market The fact that the rail-
roads were accepting perishable freight
Tor Chicago, was accepted as conclusive
evidence that the strike was ended, con.
tribu ed not little to the flrmness, and
belated shorts came In as BUYERS Sub.
sequently 1t WAS announced from Chi.
cago that the American Railway Union
WAS willing to call II cir strike off, pro
Vided the railway managers would agree
TO take back the mem ber rs of the union
that quit work in order to assist the
Pullman employees, and this assisted the
upward movement in the afternoon
trading. The passing OF Debs, however,
did not lead to any extensive buying of
securities to cover, for the reason that
the Street cane TO the opinion at an
early period of the strike that there was
no money in selling stocks on the latest
labor demonstration. Prices for rail.
way stocks moved up anywhere Il to
Ter cent. and closed at about the top
figures Of the day and week,
Inc issues most conspicuous In the
upward movement were the Changers,
Louisville and Nashville, Western
Union and Missouri Pacific. Pullman
Palace rose to 159 bid on the introduc-
ton by Senator Davis OF an amendment
placing drawing room and sleeping cars
unoer The operation Of the interstate
commerce law. In the industrials,
sugar, Chicago Gas, Lead and Tobacc D
were strong and in request, while Wits
Key MAS heavy, breaking from "a to
~ g, with subse Quent recovery to AK
The decline was due to Washington
reports. that tax on distillers would be
reduce d fro M Ito to 1.OO.pe gallon and
the bonded period from to years. II
was argued that the reduction would
nave bad effect. as the company has
recently taken large quantities of goods
out OF oond, basing its action on the
Senate bill. Sugar moved up 9 to 0ek
on ethe advance OF Il cent in refined
and the belief that the sugar schedule
VIII receive theoapproval OF the confer
ence committee.
The collapse OF the strike in ChicaQ o
stiifened Chicago Gas, which rose from
'4N to 1919. Lead and Tobacco ad-
vanced fractionally. United States
Leather, CO rdage aud General Electric
were firm. Spe culation closed firm. No
gold viii be shipped to- morrow, bank
ers declining AT late hour to for
ward the 81 600, coo spoken of yesterday.
Compared with Thursdays closing
prices showed gains OF IS to per cent.
Northwest, however, lost Is, Delaware
and Hudson \ and Distillers tx per
cent. Sales, l3l, 600 shares, OF which
$4,000 were listed and 81, 900 unlisted
Railway and miscellaneous bonds we're
stronger. Treasury balances: Coin.
$50, ole, COO; currency, S54,2l6,O0O.
Money on call easy at 1 per cent ;
last loan at l, and closing offered at l
per cent. Prime mercantile paper, 3k@4
ner cent Ear silver 80. Sterling
exchange steady, with actual business in
bankers bills at 4S7A@4s7A for sixty
uays and 4SS@4sSA for demand Posts
rates, 4SSH@4S9. Commercial bills.
| 4s6@4s6&. Government bonds higher.
State bonds dull. Railroad bonds firmer.
Silver at tho board was neglected.