The times. [volume] (Richmond, Va.) 1890-1903, 1896-06-12
FINANCE AND COMMERCE
THE CLOSING oUO TATIoSs or
MONTY.
Offerings and Sales Mt the Richmoud To-
bacco Exchange--Internsi Revenue
Collections Foreign Advices.
NEW yonx Sune 1.-THE failure q

NEW YORK. june H.--3he i'"N
any Of tie sensational rumors c"fien,
Yesterday to materialze led 10 gentt"'
covering movement at the StoeH -
change to-day and the market va s'.o"s
from start to finish. The circu,'''o" ~
the reports yesterday which Ie1 " va
NEEDLESS sacrifice OF snail holders was
,.,on discussed IA dav. II can be stated
that the matter will no: be permitted 10
rek.t there either. and that aireaoy an
Investigation Is on foot with the oojece
of bringing the instfgators OF me laiSe
reports before the Governing SoHiHi''eo
of the Stock Exchange. TWO meih"'is
OF the board are under suspicion an"
every effort will be made TO prone 'ne
whole thing to the bottom. Ihtte W.
no traces of yesterdays weakness az 'I's
opening OF the market this morning an"
prices at once improved hn'. per 'e''
This checked selling for the long AZ
count and frightened the shorts INTO
covering. But little stock was forth
coming at the advance and the pears VIZ
COMPELLED TO come In the market ana oid
for securities Under this process prices
gradually lifted and at the close the
whole list showed gains OF anywhere from
34Q2 per cent Commission houses were
in receipt OF fairly large orders. the brst
in weeks past. yesterdays break having
attracted outside buyers. The main fac
tor IN bringing about the change Tor the
better was the statements by people al
legged to have close connections with the
Mckinley combination that the ST Louis
Convention viii come out strongly in
favor Of sound money in the platform
TO be- adopted next week. j. fierpont
Morgan also came out with an interview
in which he dwclt upon the necessity Tor
an out and out gold plank. Mr.. Morgan
stated that in this event European caui-
tai would again be invested here. The
belief that but little gold will be shipped
this week stimulated purchases London
p had a rumor that there vii! be large
shipments Of the metal from New York
shortly. Local exporters however, knew
nothing about it, and said that everything
hinges on the position taken by the poll
teal parties At 81. Louis and Chicago.
The adjournment Of Congress and the
favorable Government crop report induced
some buying for the long account. The
greatest gains were made by Sugar, the
Grnngers Louisville and Nashville, the
Southwesterns, Tennessee Coal and Iron
AS rule. the best figures were current
in the nnal transactions. Manhattan
was weak on the leasing of the Fourth
avenue horse car line 10 the Metropolitan
Traction Company, The latter is 10 pay
the FIRST hVo years and per cent. there
after. Net changes show gains Of Ad2
per cent outside Of Manhattan. which
lost Is per cent. Chicago Great West
ern common. just listed. sold at G4Q79s.
Total sales were 1S5OS2 shares. including
AZ. Goo Sugar. -. 400 81. Paul, ana 125DO
Burlington and quincy. Bonds were
higher. sales, 81 10000
Money on call easy at 13kd2 per cent,
last oan at 2 per cent, and closing of
fered at = per cent. pHmo mercantile
paper. 4;4.u5 per cent Bar silver 6sls
Sterling exchange firm. with actual bust
Iess in bankers bills at 4s71a for sixty
dcys end Ssi.QlSsi3 for demand. posted
rates, 4eSq4S0; commercial bills, 4s64u
4sT Government bonds firm State bonds
dpn. Railroad bonds higher. Silver at
the board was quiet.
Treasury Balances: Coin. tlOS,2l6, 70l;
currency, SIS sol, 4C6.