The times. [volume] (Richmond, Va.) 1890-1903, 1894-08-31
FINANCE AND COMMERCE
THE CLOSING OUOTATIONs OF
h1SEYl
Offerings and Sales Mt the Richmord To-
bacco Exchange-Internal Revenue
Coilections-Foreigu Advices.
NEW YORK. Aug. 30.--During the first
hour OF business at the Stock Exchange

NEW YORK. Aug. 30.--During the first
hour OF business at the Stock Exchange
to-day prices were further depresse ow-
ing TO realizing sales and manipulation
by the bears and sold out bulls. All the
leading issues were Influenced, ana de-
clines ranging from I. TO ~ per cent.
were recorded. Sugar and the GranBers
were the heaviest suffering, sugar IalilnB
rs 10 10G},: ST. Paul, 2. to 6i12; Burning
ton and Quincy, TO 1914; Rock Island,
X 10 Gjft. The selling movement EXHAUST
ed itself before midday, ana operators
who considered the recent decline entire
ly too rapid bgan to buy. London at the
same time came into the market as
buyer OF Louisville and Nashville, ana
a iccal bull pool also became more active
in the specially. This settled the course
OF the general list for the day. and after
the first hour the tendency was upward.
Louisville and Nashville advanced 20 %,
against 50 at the opening. Bull on the
stock claim that still higher prices VIII
be made for ii. as well as the shares
OF the other southern roads, for the
reason that the prospects for increased
business activity are brighter in the
south than in other sections OF the c0uh-
try. The expression OF leading officials OF
the Changers certainly bear them out IN
this The views OF prominent railroad
men, recently wired from Chicago, are
certainly lugubrious enough to turn the
trading element away from the western
roads and as the disposition here at the
moment is hopeful. SPECTATORS are dis
posed to array themselves on the bull
side OF the southern stock. Reading was
another strong spot, and rose TO 2Z4.
The securities OF the company were
strengthened by a belief that considera-
bic progress has been made in the way
of reOrganizing the road. The improve
ment In the earnings Of the AtchisOn for
the first week of August resulted In
rise in the stock TO ~. The general list
In the afternoon moved up lsgl1s per
cent. Burlington ana quincy leading.
Sugar, after its early decline, rose 10
lOI3s, but on the execution OF stop orders
there was n break TO 1O0. an advance of
"a per cent. quickly followed But just
previous TO its close there was drop
TO 1861 The sellers were in
dustriously circulating a report
that the company would not be
benefited as much by the new tariff law
as common rumor had IL. They also
started story that the sugar schedule
had been so carelessly drawn that there
Would be severer competition from for
eign refiners. In a word, strenuous eff
forts were made TO create a feeling OF
nervousness and uncertainty. The object
of this need not be stated here. Lead,
Chicago Gas, Whisky. Cotton OH and
General Electric were weak early in the
day, but closed firm. Tobacco fell 11h TO
lOl and rose TO iOi. In the inactive is
sues Manhattan rose ~ to llSlh: Lead
preferred. ~ 10 ~. and Pittsburg, Gin
cinnati, Chicago and st. Louis preferred,
IA 10 80. The market, except for Sugar.
closed firm Net changes show advances
OF Is to TX per cent, Louisville and Nash
vile leading. Rock Island, st. Paul and
Omaha and New York Central lost lsuA
and Sugar IA per cent. The bond market
was strong. Sales of listed stocks. 49,
OO0: unlisted, 5000
Treasury Balances: Coin. 81. 393.O 600;
currency. SEA $500
Money on call easy at ! per cent; last
loan at | and closing offered AT l per
cent. Prime mercantile paper, 4U4I5 per
cent. Bar silver. G6lA. Sterling exchange
easy with actual business I'm bankers
bills at GSi5NGSa, for sixty days and 1851.
Q4S62 for demand: posted rates. 1861
1911; commercial bills 4Sf4a4~i4 Gov
eminent bonds firm: State bonds dull;
railroad bonds higher Silver at the
board closed at G55s bid.