The times. [volume] (Richmond, Va.) 1890-1903, 1894-06-07
FINANCE AND COMMERCE
The CLOSING oUOTAri0SS or
MONEY
Offerings and saies at the Richmord To
bateo Exchnpge-Internai Revsnus
CoIlcctions-Foreign Advic.

NEW YORK, June 6.--The action OF the
senate yesterday In passing the sugar
sehedule az recommended by It's Finance
Committee was considered very favor
able to the refining interests, and proved
y be big bull card for those operating
Tor higher prices In American sugar
stock. The stock opened with a boom,
ana over 10000 shares were traded IN
IN the nrst few minutes of business. Ii
IS impossible to get the transactions,
as 1000 shares changed hands at los
down to 107 simultaneously with the
drop OF the chairman's gavel opening the
board. II got up to 1854. when the
regular dividends were announced Some
or the bulls attempted TO sell. and
reaction followed TO l0dSs, but late In
the day there was a rally TO lOT9s41Os.
The talk that the House will not agree
60 the Senate schedule apparently has
no effect upon the bulls on the stock,
who at the moment profess 10 place no
credence in these rumors. Whisky was
another favorite among thes lndustrials,
and rose from 2iss to 2JIs on western
buying. Chicago Gas declined TO 7lls,
and rose TO and closed at 7jA. The
stock is not receiving much attention
from the clique at present. Cordage
first rose to 2jk. settled back to 24l2
with a late recovery to p. The general
list was quiet early in the day. except
for AtchisOn, which ran off to "a on
the old stories OF heavy assessments.
Some of the stockholders are getting ner-
vOus, and calls have been Issued for
meeting to form a stockholders COM
mittee. Other stocks ruled steady until
the last hour. when there was a general
and sharp advance all along the line.
Rock Island in the upward movement,
the stock being in demand because of
the character OF the annual report. IL
shows a surplus OF sos, f9S, against SOL
S2l in 1893. A sharp rally In wheat and
the defeat Of the bank tax repeal bill
i'm the House by a decisive majority also
contributed to the bulish feeling in the
last hour. The shorts were badly fright
ened and their purchases materially as
sisted the rise The advance in Railway
stocks ranged from u 10 l9s per cent.
Rock Island rose 1%, St, Paul lbs. Bur
nngton T. Northwestern |, Louisville and
Nashville /. New York Central ~, Erie
a.. do. preferred IL. Northern Pacific
ern Union x. The market closed at the
best prices Of the day. The net changes
for the day show an advance OF from ~
tx. Rock Island leading. In the Special
ties New York and New Haven solo TO
1870 a rise of ~. and National Cordage
preferred ~ to 45h. Sales, 2lS'Vp
shares. of which Sugar figured for 5000
shares. OF the total, l2l,OOO were listed
and $4,000 unlisted. The bond market
was strong. .o-,ooo.
treasury Balances-Coin, SSI,7l4,OW;
currency. S5S394,OOO. -.
Money on call easy at per cent. last
loan AT | Der cent, and closing offered
Al | per cent: prime mercantile paper,
3XG4 per cent. Bar silver, ga. STEERING
exchange steady, with actual business
IN bankers bills at 4s7l3G4S7A for sixty
rates. 4SSG4S9i5: commercial Bills. 4s6l2H
4s7. Government bonds steady. stare
bonds dun. Railroad bonds firm. Sill
Yer at the board was neglected.