Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-07-17
State of thermometer:
NEW YORK STOCK MARKET.

NEW YORK, July 1.-THE interests
working 10 bring about lower prices for
the industrials were quite successful to-
day. Their objective point was Chicago
Gas, and they started in early TO sell
the stock and kept at it until the close.
At the end Of the day they had the price
down 20 40 rs against 50 3-S at the close
yesterday. Final transactions. however,
We're at 81. Inquiries came In from all
parts Of the country as 10 the likelihood
OF the companys passing It's dividend.
This was denied from Chicago, but IL was
said in some quarters that since the com
pany had been unable 10 get any relief
from the Illinois Legislature. and can
hardly expect any from Distrct-Attorney
MOi0ney, the only thing left TO do IS to
apply for a friendly receivership and
then reOrganiZe under the laws Of Hi
nos.
Leather declined early in the session.
American Cotton oil dropped . II, to
p II, and Tobacco l. 10 107. Sugar first
rose / 3-S to los. and then receded to
JOG 3-SulO7 S-S. Lead advanced Is, TO
81 IT. and then declined to 81 l-4d3i SIS.
Distilllng sold down rs to 10 II. and re-
covered TO ~ 1-sNl9 SIS. The sale OF the
property is set down for August 4th.
at Chicago. Rubber stocks were firm on
the statement filed al the request OF the
Stock Exchange This statement shows
d total income for the finance year ended
April 1.lS9J, Of $9s50,243, and surplus OF
Ss76.2l7.
Leather preferred stubbornly refused
10 Yield for a time, and was positively
firm.
The West was a buyer Of ST. Paul and
Burlington and Quincy, on the excellent
prospects for an enormous yield OF spring
wheat and corn. The rise in this group
OF stocks during the morning was equal
10 i-4Hl-2 per cent, Lake Shore and
Missouri Pacific being most conspicuous.
In the last hour, however, the improve
ment was lost. and speculation left of
barely steady. Tennessee Coal was again
pressed for sale, and dropped is, to
- Is. ana Colorado Fuel |, TO q 81 New
England declined l per cent
In the inactive list Telegraph and Tele-
phone sold up 2, 20 Co.
After the close Of business it was an
nounceI that 100000 gold had been
withdrawn from the sub-treasury by the
Merchants Bank. Of Canada, for ship
ment 10 Montreal
The total sales were 260 100 shares, OF
which $4,000 shares were OF Industrials.
including Tennessee Coal and Colorado
Fuel. OF this total Chicago Gas figures
for 1900 shares. Sugar for 1900, and
Leather for 1880 shares.
The transactions I'm Burlington and
Quincy. and ST. Paul were each $500
shares. and these were the most active
Of the railway issues. This gives an idea
Of how the Industrals mOnopOlize bust
ness.
Bonds were weak. The sales were
Sl2JT,0Jo
MONEY AND EXCHANGE.
Money on call easy at l0l l-2 per cent. I;
last loan Al l. and closing offered at / ::
prime mercantile paper. l-2a4 per cent.
Bar silver C6 rs; Mexican dollars, 50 3-i;
silver at the board quiet.
Sterling exchange steady, with actual
business I'm bankers bills at Hs90si. 80 II
for sixty days, and $3.50 II for demand !:
posted rates. %S9 l-2H$i.y0 -; CONNER
cial bills, si&aA.sS H.
Government bonds firm. State bonds
steady. Railroad bonds irregular
Treasury balances: Coin, Sol,993, 900;
currency. sGi.lo1Oo).