Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-07-14
Mean temperature. ...............
NEW YORK STOCK MARKET

NEW YORK, July l3.-The reports that
President Cleveland would appoint two
commissioners TO assist Commissioner
Wright in an investigation OF the causes
of the recent strike, as well as to suggest
remedies, led TO a firm opening In the
stock market The fact that the railways
were accepting perishabe freight for Chi
cago was accepted as conclusive evidence
that the strike was ended. and contributed
not little to the frmness. and belated
shorts came into the market as buyers.
Subsequently it was announced from Chi
cago that the American Railway Union
was willing to order their strike off. pro-
vlded the railway managers would agree
to take back the members OF the union
that quit work in order to assist the
American Railway Union. The passing OF
Debs, however. did not lead to any ex-
tensiVe buying OF securities TO cover for
the reason that the street took the
opinion at an early period Of the strike
that there was no money in selling stocks
on the latest labor demonstration.
The prices for railway stocks moved up
anywhere from a to l per cent. and
closed at about the top figures OF the day
and week The issues most conspicuous
in the upward movement We're the
Changers, Louisville and Nashville. West
ern Union, and Missouri Pacific. Pull
man Palace rose 10 l59, bid. on the intro
duction by Senator Davis of an amend
ment placing drawing room cars and
slecperS under the operation Of the inter
state commerce law
In the lndustrials. Chicago Gas. Lead,
and Tobacco were strong and in request,
while Whiskey was heavy, breaking from
II To 2l@s, with a subsequent recovery 10
22h.. The decline was due 10 Washington
reports that the tax on distillers would be
reduced from Sl.i0 to Sl.00 per gallon, and
the bonded period changed from eight TO
five years. II was argued that the re-
ductiOn would have a bad effect. as the
company has recently taken large quanti-
ties of goods out Of bond, basing it's ac-
ton on the Senate bill. Sugar moved
up 3. to 99ls, on the advance OF l4c. in
refined, and the belief that the sugar
schedule will receive the approval OF the
Conference Committee. The collapse or
the strike In Chicago stiffened Chicago
Gas. which rose from 7fi2 to COS, Lead
and Tobacco advanced fractionally:
United States Leather, Cordage, and
General Electric were firm. 80,
Speculation closed firm No gold VIII
DE shipped tomorrow. bankers deciding
at a late hour not to forward the S-"o.ue
spoken of yesterday. Compared WIN
THURSDAY closing. prices show gains Oh
y 10 . per cent. Northwestern. however;
lost 4: Delaware and Hudson "a and
Distillers' ia per cent. oo.o,, .,.,
Sales. IL go shares, OF which S'vv were
listed and 81 900 unlisted.
Railway and miscellaneous bonds
stronger. 400 "a, ooo. ,,-
rency, @i2lo.OOo.
MONEY AND EXCHANGE.
Money on call easy at per cent: last
loan at /, and closing offered al ! per
cont prime mercantile paper. 3l2ui per
Bar silver. g. Silver at the board neg
lected LII, actual
Sterling exchange steady, win ~ act9 9s
business in bankers bills at $fSIl4 Tor
sixtw davs and s. SSG4 sSi, for demand
nosted rates. SLSSi4Gts9. commercial piliS'
Government bonds higher. State pohds
dali. Railroad bonds iiriner'
STOCK QUOTATIONS.