The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-11-12
Ny Telegraph.
AnNrr NnDX

NEW YORK, November l1.-Eeen.- Stocks
strong. Money on call. 36I4 per eent. FXehange-
Lone. 1907; short 4s2H State bonds DULL Gov
g ErSnfng.-Money, 9A5 per cent. Exchange,
4sOH. Governments strong and higher; new ~
coupon, l0lL; new AS, coupon, llEa' he" -
coupon, llOa. States fairly active.
WALL STREET YESTERDAY.
NEW YORK November 1.-THE Posts financial
article saws: The Stock Exchange markets are onIv
moderately active to;9hg' Eh,' s hgher per
the SIS \ higher Railroad investments are Steady
70 drm Speculative railroad bonds are sCdf higher.
The stock market opened at a decline OF sGg}i per
cent exceeding Union Pacific. Central Pacbc, and
Northern Pacifc-each of which was higher. There
was then decline OF A9lh. led by Reading, Ihls
which has been lost since noon. III appears
that the western roads In controversy about
the business southwest from chicago nave
begun making "cut-rates" TO the Atlantic
cities, which seems TO involve the lrunA
lines. Stocks opened 441s lower, EXCEPT for
pacific which were a fraction higher. Prices
then declined x13l,, the latter Reading. since
then there has pten an h hnt .n,ev
| few If anv loans on call are making as low as 4
per cent. gooI many are making at D per cent.
while high a. 9 per ceni. mas Deeh paiui single
LOT of 81 900 600 having been lent by large Imam
ciaI institution at that rate There are no ln0ica'
lions that The market Is tempered WIN me manlp-
ulation appearing be rather In the other dlrec-
| ton in the form Of OstentaiOus onerlng OF money
! M Opportune moments below the regular rate. II
/ be SAID tnaL NHlie cuI Ioius lHV
| rates named, mOncy can he borrowed for four
months at Az per cent. that time orldglnG me sea-
son when the market will he stringent, II at all.
| For thirty or Sky DAYS & per cent has been
Maid. while for SIX months 3k6y4 per cent. Is II
very full quO alton. The banks are shipping GOOD
deal of cure Dcy of one Mind and another. Up 10
noon to-day none of the United states IS. whlch
mature December 31st next, had been offered TO me
limited States Assistant Treasurer here for the sink
ing fund AT any price. that the amount OF bonds
bouRht by The fr asnry since November Let + only
$4,000 at l02A. The market for foreign exchange
i fully steady to-day for the reason that numerical
hills are scarce ana that there is rather more de-
mand for bankers bills. A sudden strinReney In
the loan market here would undoubtedly weaken
inc rates for exchange at once. The posted rates
of the prime drawers or sterling are 46lA ana
4S3k, The actual rates are 4S0kd 4Sl ana sSzn
a4e3. the posted rates being 4Sl y and 1891 Cabe
transfers are 4s3@4S31; prime commercial bills
are 4794@i79t.
The following quotations were current to-day:
United States A per cents. llQ4MllO+; United
states AZ per cents, Il1%td Liz; District OF Co
lumbla, 1865, -: New Jersey Central, IEs;
Ohio and Mississippi. 3sh; Erie. AZ M1chigan
Central. 0S1s: Hannibal and 81 joseph, 39s LAKE
shore ia: Northwest, l02b Northwest pre-
ferred. 1864; Iron Mountain, AN; Rock Island
=: St. Paul, II 80; -. Paul, preferred, -; Wa
hash, ST. Louis aud Pacific, AN; wabash, -.
Touis and Pacific preferred, 76; Kansas and
TsXas. 3qA: Western UUion Telegraph, Sc; {. L.
and /. C., 1914 Pacific Mall At.
BALTIMORE.
BALTIMORE, November 11.-Virgiuia 6's, old,
Ia: de feTred ii cOusOls. 69h; second series, 20
past due coupons, Ola ; new lO-4O'., AK. BID TO-