Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-07-03


NEW YORK. July 1.-The somewhat
more serious aspect of the American Rail-
way Union strike at the West, and the
further extension Of the troubles, had
an unfavorable effect on stock values at
the opening, and in the first half hour or
so Of business a general decline in prices
ensued. Pullman Palace scored the
heaviest loss. falling from 1891 to l55i2.
The Changers, being right i'm the centre Of
the fight. were also particularly weak.
ST. Paul declined from 59s, to jSA. Rock
Island from O. TO G6ik, Northwestern from
l0iss to l0i. and Burlington and Quincy
from 763. to 1914. Missouri Pacific also
lost =, selling down 10 2l4, but the
general run of railway stocks declined
only q, to = per cent. The bears at
tempted to make a little capital out OF
the strike news. but after the attack at
the opening and the failure to shake out
any important amounts of long stock,
they devoted the remainder of the time
to getting back their contracts.
Neither strike news nor unfaVorable
earnings had any effect on holders, VINO
appear 10 be content TO hold their Stocks
until business improves. The light SNIP
ments of gold and the further decline IN
sterling exchange neutralzed the unia-
vorable features just referred 10. In the
afternoon speculation dragged until near
the close, when rally or = 10 y per
cent. took place. Pullman recovered TO
l5S The Industrals were only moderately
active. In the early trading chicago Gas
fell ~, 10 77&s. the street being IN the
dark regarding Judge Windes's decision
In the Maloney decree matter. The stock
was taken up 10 1SA by brokers ldenuieu
with the insiders, and the buying was
subsequently explained by a statement
4
Chicago Gas Company, to the ERECT that
all questions of legality in operation OF
the companies would be removed ana
| that the plan has been sanctioned py
| order Of the Court. In other WORDS. tne
| legal status of the Chicago Gas Company
| has at last been definitely settled ana a
dismissal of the question and proceedings
which will follow in few days VIII ehu
| the controversy for all time, ana place
| the company in a proper position Win
| the laws of the State Of Illinois; -
Sugar ranged between 20 and lOl' ana
closed AZ lOSs against l0lil on Saturday.
| The votes I'm the Senate on sugar matters
! were closely watched, ana the stoSA
moved up or down. according 10 the m
terpretat ton put upon the vote; , l.ean
vas stronger. rising TO 39i4M3S3s. Tobacco
| fe1 II, 10 81 ,TSIia. WhisSey declined "a.
| TO %. and recovered 10 rs; me mar r..s
| In the main closed hrmer The net loss
| for the day We're SG3fi4ais per nil
| General Electric. Lead, Reading Baltl-
| more and Ohio, Union Pacinc, ana LONE
| island Traction rose isnh per cent. fuiI-
man Palace lost y on the day. oaIes'
'The bond market was dull and irregu-
lar. Sales. listed stocks, 1900 shares'
| unlisted. 34.O00 shares. ,eo.,o ooo. o,,,.
Treasury balances: Coin, Ss26l5'V'' cur
| rency. SO 5000.
''''|' MONEY AND EXCHANGE.
| None, an call easy at l per cat; last
,osn at / and closing offered al | per
cent; prime mercantile paper. 5'2gi per
| cent ., -. .ho hoard
| neglected. 10. NTH actual
hnsiness in bankers bills AZ ASP4s',.
| for sixty days. and slS7h for denanrI;
| nosted rates, ASi2piS9; commercial DIS
| SlS5G4S6A. d. c,,,a bon1s
| All railroad bonds irregular.
| STOCK QUOTATIONS.