The times. [volume] (Richmond, Va.) 1890-1903, 1895-07-16

THE CLOSING OUOT dTIOys or
MONEY.
offerings and Sales at the Richmond To-
bacco t>changc-intcrnai Revenue
Collections Foreign Adviccs.

NEW YORK, July Speculatlom at
the stock Exchange to-day was decidedly
lriceu4ar. The railway list. except for
81 slight recession 81 the opening, rule
nrm throughout ana at the close shOF.l
gains OF anyW here from Il 10 Ia per
ttni..as compared with saturdays figures.
The comparative strength OF the rail-
ways in me face Of tne heayinet OF
the lnaustuals. is due 20 good crop re-
ports from the northwestern. St raul,
and Other prominent roads. and as long
as these favorable statements continue
10 come ia, The bears Will ind 30 DIFF
ncult Work 90 gct prices down. no mat
ter what they may be able TO 90 with
the lulustrials. Jersey Central ana
Reading were among the strongest or
the railway stocks on the revival oi the
report thai progress had been maae IN
the work OF settling trade difficulties
of SIS faNorites, but the amount taken
was not large b. any means. stu, the
fact that tho foreigners were once more
disposed TO take our stocks Was con-
sldered favorable. in view of the great
strength In tho sterling exchange market.
Bankers are now predicting that 'N-
change Will decline shortly and that
money will work tight Already hafu-
enlnc tendency is noted IN the market
for time loans, and as tho season arrives
and the crops begin 90 move, higher
rates Of interest may Doe confidently
looked for. The lndustrials were fever
was the particular weak spot and tho
prefprrci. after breaking from hGit TO
~. rallied 10 ~ila ana then dropped 90
S2ataS3N The common sold at lOnlj's.
The rumor that the directors at meet
ing last week authorized an issue OF
10000 shares OF common and an equal
amount Of preferred was again revived,
but could not be confirmed. Sugar drop
ned about "a point. but later recovered
mart of the decline. Tobacco sold down
TO iO1N ex-dividcnd of 3 per cent. ana
recovered 10 lOSulO7i4. Chicago Gas,
Dfsfiliine. and General Electric, while
NOT as active as the other lndustrials.
scored declines. A feature Of the early
trading was slump I'm Tennessee Coal
and iron from aiaff@}tt The eNpan-
sion Of its capital was printed to-day,
and this frightened timid holders and
gave the bears q chance 20 hammer Tie
stock. Speculation closed Irregular. Net
changes show gains OF Is 10 ~ per cent.
Jersey Central leading The lndustr1ais
lost anywhere from y TO rs per cent?
ard OF these Leather preferred made the
largest decline. Tennessee Coal and
ZION lost and New England 1 per cent.
The total sales were 2u2HD shares OF
which 49, 500 shares were Sugar, 1900
sales were S--lSeO. The sales Of listed
stocks aggregated $4,000 shares; unlist-
cd 5000 shares.
Money on can easy at lGlis per cent,
last loan and closing offered at ] per
cent: prime mercantile paper. 3M19 per
steady. with actual business IN bant rs.
bills AZ 4S9d4sNi for sixty days ana
4pln 1901 for demand. posted rates, ISM
m fn1ib: commercial bills. 1854 iSSla. Gov
eminent bonds duil and steady. state
bonds duh Railroad bonds firm. Silver
at the board sold at G7ik FOR 20.npp ounces.
Treasury Balances. Coin, Sl02, 2JI ,0jl
currency. Sol N'I,Nif