The times. [volume] (Richmond, Va.) 1890-1903, 1897-06-26
FlNANCEANDC0 COMMERCE
THL CLOSING O~roTiTIONs or
MONIl.
oneriucs and sales NJ she richmond To.
bacco rrohanec-Internal Revenue
Observation-Disclosures Advances,

NEW YORK. June MANY thousands
O. shares Of stocks were bought on tne
eto.A INclalee to-day al prices mate
fia.y above la.t nights closing price. the
0dtaucc extending 90 a point or over ia
many prominent stocks. But tao market
s0.a OH later u tAc Gay OH account oi ap-
rr.a.ns.ou caused Us tA, large volume az
ils lulu shipment 49, to-uu4luW . sicain-
a.. S-.Jv.vv m al uc.ns engaged lot cA-
port Additional uutlslncsa Was cause"
~ The iaCl tnat tne Whole amount vas
taken fr0m tUe lulIfa States suu-lrcss-
ury or from tlc Assay Omce M vaIs. and
10 pult ilom t4D uaAAs " private sources
go BIAS l|.u t.. case with mlet OF ine 4r-
cent shipments. lAl decline in me price
OF efU.h. which resulted Was very marx
cd. offerings iY realize tclut very 4ir-ty
m.lt iur a. time. uu4 the AttflAc-s CA
tended al through lnc n.t. 4Ae decline.
however. brought Cu.lcss ana t oNNNA-
t.ol OF offerings. indicating flN UNDER
tult az stre.-il lu tlr market ace
We shipments lNH amount 10 ftN''-
nN. which le d. larger amount tlan mas
gone out lu amy ono week SINCE tHt Httt
week OF fIn present movement. that end
ln- May STD. when fNr exports were
100000. Inc elusidcrce oi aplfeitA-
sion on account ui OBJ. gold exports ih iae
stock market has been mostly due 90 Tie
stability shown lr che gold reserve 10
the United States Treasury Tor several
weeks past. about >~itfHr''N. in face nl
continued exports ~ gold ty exchange
houses. INf amount ~ gold in ire
Treasury at fhr close ~ business ycster-
DAY Was Slf- l~I. $40. which ls consilera-
lIy less tlHu at ans time since tle pres
tut gold movement BEGAN. or course TO-
days additions Withdrawals % ~S-.@pr,rnr
do not appear in fhe above statement o.
gold In fhr Treasury. The sterling exc
Nur market WIs easier under offerings
~ NlIs against fnc gold shipments. sixty
lny hils rerellrg Co s~t But u Isl cN-
. 3D.. -H" EI -
etlHfn exchange rates next week. with
further gold shipments as Cd consequence.
The supply Nf exchange l- Very iNrA-i'.
and extra demand has 90 Doe met by gold
shipments. Tho volume NJ dealings 20
laF Was larger than on amy previous cay
% the vfIr. fhn total siits ~ all stocks
reaching $1,000 shares. huf nearly two
thirds of that amount WIS absorbed hy
Hfv state Gas. SUGAR and the granger
i.i the advance. lrt The list generally
reacted On below last NIGHTS close. show
irr rrf losses on the day. sugar. how
ever rallied partially. ana closed with o.
ret rnin o. D. Rock Island is The only
one ~ fhr granger group 20 show q net
Glfr. which amount 90 q. Manhattan and
Western Union caiucd p net each. and
Nfw York Central a small fraction.
Northern Pacific was weak ON rumors 81
n half m fhe arrangement FOR putting
into executive control those in harmony
wifh Great Northern interests Union
Pacific reacted 0n fhe action NJ the United
states Senate committee iu favor ~ sus-
pending PROCEEDINGS 90 sell Che United
states infererf7 f0 "a syndicate
THO total sale NJ stocks to-day were
ofs172 shares. Including American To-
N7rro. $500. American Sugar Refining.
CHICAGO Gas. 5000. Manhattan. 500. Ms
SQUIRT Pacific. 500. Northwestern. ago.
Northern Pacific. $500. Omaha 400.
Ro7firr ZOO. Rock Island. o2 no0. 81.
Paul 371D1. Western Union telegraph.
j. 2o0.
The bond market 6~ispiave7 cousidera-
Bic animation fo-dav. the transactions eN-
cocdirc s2coo.oo0 The nu0yancv was aQ-
parent in "a variety ~ issues. with some
sensational advances noted IN fha usually
inactive MORTGAGES particularly M.77onr
Pacific collateral Ha which rose ~ rnr
cent. % rs The low-nriced bonds gene~
aNv DISPLAYED aggressive strength. with
purchases ~ fhe Eit-e'Eel liens by in-
vasfmorf interest tending 90 acoerfrate
+fe upward movement which has been On
evidence f0r n long firre
Governments were SLIGHTLY firrer ~
transactions. q block ~ 500 ~ 81 tho r7.
coupon. changing hands at ll4ir
MONEY AND EXCHANGE: Money on
cali easy az 1llti per cent last loan az
: per cent, closed at lpltt per cent?
prime mercantLe paper 20 per- ,.-t'
Sterling exchange easy. with actual hlsi-
ness iH bankers bills 40 4sli tlisIi. for
demand and 4~'14sGti for sixty days.
posted rates. 4>1l4S14 and 4>>1iS~
commercial bills. 4~5I silver certificate
tlNnfff.. bar silver. Gii-. Mexican doi-
Jars. ass Government horis firm, State
bonds dun; railroad bonds strong.
BANK CLEARINGs. The total bank
c~lsarinrs Tor the week ll the United
States were S4792ff -g. per cent. in-
crease So Exclusive ~ New York. $751;
s00.ffS. per e. increase. So.