Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-07-26

NEW YORK, July 25.-Opening dealings
at the Stock Exchange were characterized
by strength. so far as American Sugar
was concerned, but the general market
for a time was dull and steady. The
room operated In the Changers on reports
from the West about damage to grow
ing corn. and the efforts were made TO
further depress the list on the appearance
of the poor earning showing of the third
week In July. and the likelihood of there
being gold shipments by Saturdays
steamers. The most important road which
gave out its earnings for the third week
was st. Paul. and these showed a falling
of of $lS2. 100, as compared with the cor
responding period of last year. Three mil
lion to 100000 were the estimated gold
shipments Saturday. They will certainly
reach &.OO0.000. il Is said. and unless there
is n material increase in the supply OF
bills. 10000 will have to be forwarded.
1t Is said that bankers. at the present
time. do not see how biz shipments can
be ayerted.
The decline In the active railway list
ranged from 4 TO l%s per cent. 81. laul
declined =: Rock Island. u: Louisville
and Nashville. ~, and New York Central,
Ia.
Among the inactive issues, Wheeling and
Lake Erie preferred sold down 2@s. to
~. and rallied to ilS. The decline was
dividends would not be paid. The ques-
ton viii be settled at a directors meet
ing Tuesday. Pullman broke to I6 and
closed at lj7. bid.
| the opening. on the failure of the Demo-
| cratic senator's to get together at the
| caucus to-day. This, of course. was in
| terpreted as favorable to the refining IN
| t~erests. The stock at the time sold up
Ia To 1919, then reacted to lO3i4. rallied
to lo4ss. and closed "A point higher on the
| day, at 1914. The Quay resolution. In
| structing the Senate conferrees TO recede
from the position taken on the sugar
| schedule. was known before the close OF
BUSINESS, but 1t had no effect on Sugar
| certificates.
Chicago Gas nuctuated between 1871 and
Tiz, and left off at 7iis. There seems to
be some question as 10 the standing Of the
company since the granting OF the fran
chise TO the Universal Gas Company by
the Common Council. Insiders here assert
that the contract with the city has been
broken by the corporation, and that the
company need not now reduce the price
Of gas unless ii wants TO. on the other
hand, the claim Is made that the company
must continue to pay S2 per cent. or its
gross earnings to the city, and gradually
lower the rate Of gas until 1887, when IL
shall be 81 per thousand,
Distilling and Cattle Feeding was
weaker and declined to l7f: The stock
Is without support. Liquidation on a
moderate scale continues. United states
Cordage stocks were also weak, the com,
mon selling DOWN to n, and the preferred
10 b. Speculation left of irregular. The
general list showed net losses OF knl per
cent. for the day. but American Sugar
gained | per cent. a
The total sales were llI,so shares' OF
which 1850 were Sugar.
'The bond market was active and weak;
The sales OF listed stocks aggregated
81 n0 shares; Of unlisted. 5000.
Treasury balances: Coin, y5.sS,OoO cur
rency, $57.06i.Ooo
MONEY AND EXCHANGE.
Money on call easy at | per cent: last
loan AT /. and closing Offered AT ! per
cent: prime mercantile paper. S12hi pei
"a silver. CPS. Silver at the board ne
elected. LII ao,,oi hus,.
ness in bankers bills at NS7l4qi:Sl2 tof
sixty days. and sissIMiSi9 for demand;
posted rates. SiSsqt s9i2; commercial DiilS'
A.S6I=44s6h. c,o,o honds
dull. Railroad bonds weak.