The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1894-07-03
FINANCE AND COMMERCE.



NEW YORK, July 2.-The somewhat
more serious aspect Of the American
Railway Union strike at the West and
the further extension Of the troubles
had an unfavorsble effect on stock val
ues at the opening, and in tho first half
hous or so of business general decline
in prices ensued. Pullman Palace
scored the heaviest loss, falling from
1895 to 1885. The Changers being
right in the center Of the fight were also
particularly weak. st. Paul declined
from 59& to 5SX, Rock Island from rs
to 66ls. Northwest from 104% to 1o4
and Burlington and Quincy frt m 76% to
75I. Missouri Pacific also lost Is, SELL
ing down to 25A, but the great run OF
railway stocks declined only x to e per
cent.
The bears attempted to make little
capital out of the strike news, bu. after
tho attack at the opening and the fail
ure to share out any i'm portant amounts
OF long stock they devoted the remain
der OF the time to getting back their
contracts. Neither stock news or unfav-
orable earnings had any effect 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 OK
change neutralized the unfavorable
features just referred to In the after
noon speculation draggt d until near the
close, when rally of Il TO u per cent.
took place. Pullman recovered to 1853.
The industrials were only moderately
active. In the early trading Chicago
Gas fell 1 e to 77ss, the street being in
the dark regarding Judge Winde's de-
cision in the Maloney decree matter.
M nf D0l AL.
brokers identified by the insiders and
the buying was subsequently explained
by statement made by President Ben
edict, Of the Chicago Gas Company, to
the eff, ct that all question of legality in
the operation OF the company will be re-
moved, and that the plan has been sane.
toned by order Of the court. In other
words that the legal status of the
Chicago Gas Company has at last been
definitely settled, and that a dismissal
OF the quo warranto proceedings, which
will follow in q few days, will end the
controversy for all time and place the
company in a legal position with the
laws OF the State of Illinois Sugar
ranged between 90 and 1ols6 against
1919 on Saturday.
The votes in the Senate on Sugar
matters were closely watched and the
stock moved up or down according to
the Interpretation put upon the reports
Lead was stronger. rising to 3946
3s% Tobacco fell IA to s74@S7N;
whiskey declined 4 to 90 and recovered
to 23sS The market in the main closed
firmer; net Losses Of the day were 3@3<
OK per cent General Electric, Lead,
Reading, Baltimore and Ohio, Union
Pacific ard Long Island transactions
rose ls@4 per cent. Pullman palace
lost u on tho day. Sales, LOT 900, S6a
shares. The bond market was iuil and
Irregular. Sales listed stocks aggre-
gated $4,000 shares; unlisted, "a, 600
shares Treasury balances: Coin, $751;.
$4,000; currency, $50, 436, 600.
Money on call easy at per cent,
last loan at one and closing offered at
per cent Prime mercantile paper 3%
@4 per cent Bar silver, 6215. Sterling
exchange easier, with actual business
in bankers bills at 4s7@4s7A for sixty
days and AK for demand. Posted rates
4S7H@4S9 Commercial bills 4S6@4s6%.
Government bonds firm. State bonds
dull. Railroad bonds irregular. Silver
at the board was neglected Norfolk
and Western closed at 17H.