Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-06-29
Mean temperature. ...................
Nrw YORK STOCK MARKET.


NEW YORK. June 2S.-The early
trading at the Stock Exchange was char
actcrized by great hrmness. commission
houses having been in receipt Of larse
orders 10 buy tLe list generally. and the
efforts Of the trunk-lines 10 restore rates
and the advance IN the price Of anthra-
cite coal having made number of bulls.
London was also a buyer Of American
securities. and this contributed in no
small degree to the rise Of l-4V2 IS per
cent. which took place In the first hour
Of trading. The agreement arrived at by
the trunk-line presidents yesterday. ac-
cording 10 those in a position 10 know
will have f1r-reachng influence on
American railway securities generally,
and more especially In Europe.
Just before o'clock a tremendous sell
ing movement started in the lndustrials,
and these issues broke anywhere from
to 3-S per cent. Tobacco dropped
3-S, TO lC7; the preferred >, to ll3; Sugar
. SIS. to Jos 3-S Chicago Gas I. to g.:
Lead 3 II. to 81 u; Rubber 2 II, 10
81 II: the preferred ! 3-s. 10 81 SIS; Dis
tillers >. Ia ~ 5-S: General Electric 3-s,
to e 3-S: Burlington and Quincy IS. 10
s. and the general list anywhere from
IL to ] 81 per cent
The slump was attributed 20 llquida-
ton by an eX-member OF the Stock EN-
change, who has taken quite a prominent
part in the recent bull movement in
Sugar. The operator in question alb
solutely denied the truth Of the report.
and as a matter Of fact he honOred puts
on Sugar at ZIG 1-2. which expired In the
last hour Of business.
Rubber WIS sold on the publication OF
iH.. mott ltU a. Il. ~
change that the stock Will be stricken
from tn list unless the company com
plies with the rules Of the Exchange, and
files a report Of It's condition. The com
men.- and will hand II in shortly.
Wife the industrals were In 81 state or
Decentralization, rumors were rife OF ship
ments Of gold. The strength OF sterling
exchange rather lent color 10 the rumor.
II can be stated on actual authority that
the powers which have controlled the
the beginning Of the year have no nten-
ton OF permitting an efflux Of the yellow
metal ut this time.
In the afternoon. when the unfavoreble
rumors referred 10 failed TO materiaiize,
the markets recovered. and prices moved
no i-4D5-s per cent, tbs Industrials lead
ing New England was exceptionally
weak at this time and dropped TO IA
loss Of per cent. Later the stock rallied
TO g. 10 No new reasons were assigned
for the break in the stock u is quite
generally believed that New Haven IN
tcrests control the property. and that the
price Of the stock VIII sell back TO the
thirties before long.
The market closed firm in tone. Net
losses in the general list ranged from
is 10 5-S per cent. The industrials. how
ever. lost lN1 81 per cent. ON the other
hand. northwestern and Louisville and
Nashville g.4lned H. and Tennessee Coal
and Iron Is per cent.
The total sales were 1920 shares, in
Guiding 100 Sugar. $500 Chicago Gds,
II 20 Tobacco. 32Go0 Reading. A.l00 Ten
nessce Coal. 22.GO Whisky, and 100
ST Paul
The bond market WIS easier in tone.
Treasury balances: coin, $loi.S2 0eJ, cur
rency, $67.12lc00.