The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-11-19
WALL STREET YESTERDAY.

states dull.
WALL STREET YESTERDAY.
NEW YoRK November lS.-The Posts financial
article says: At The stock Exchange we have
Spectacle oil a wild, rampant speculation at II lime
when the banks are fully eXpand'd ana when lhey
Will need important acces>IoDs of specie TO their
reserves 10 sustain The prrent volume OF outSand-
ing credits in the shape of loans and discounts But
all street seldom acts the present bnt anticl.
pates The future. and the calculation OF the present
BUYERS Of stocks u that the money question
Is and will he during the remainder OF lne
wear Of little or no account; that gold lm-
ports will seule all difficulties IN that hne,
and that II is not TOO soon 10 begin buying Tor
the expected "DOOm ueXt ar, when refundng
operations VIII BE going on. Beyond ph sti2n' NE
railroads are doing large and very lrOhaDe Ousl-
ness and II prices Of stocks aie TO be advanced 10
Igures w 1ich will Yield the buyer Ier cent. In
come wi n a possible per cent, there Is undoubt
edy margin for a further considerable advance
This idea Is fostefed and speculation on ms
theory Is encouraged by reports o. stock owl
bends by such ltadin. companies rs New YORK en-
trail Burlington and Quincy. Chicago and Alton,
aud Union Pacific. Ia The stock market, Whlrh u
SAID has been and Is very strong. prices opened
at AN an advance of 4@3 per cent, the latter Lou
i>vie aud Ni5bville. There has since Deen an
advance Of 4d4S Per cent, the latter tilcago'
Burlington. and Quincy Sew YORK Crntral has
advanced 81; Bloomington and Western per
cent; Rtac'ng. "a: Chattanoorai 2'e' LAKE snote'
~: Michi5an C.n raj, ~ LOU vile ara Nash
vIle, g., -, &. and T.. Axiom and Ierre Hanle, ner
cent. each; Canada southern and Meirop9Iitan Ele-
valcd 1 2. each Houston aud Texas. "a De,,twilt'
Lackawan ma and Vest rn Northwest, ana MllNau-
kee and ST. Paul. | per cent. each: Cht-apeabe ana
ohio Y: aud Rock Island. q. Panama has advanced
10 205. Railroad bonds continue strong at an an'
vance of \ 10 per cent. Texas and Fac ne income
land-grants are uD per cent. 10 10 Kansas ana
declined from 56A TO 55. Texqs aud Peclhc hrss
(IsiO Grande divi>ionl are ND 10 95H, ana Erie Sc
cDud cOusO.s To qS1 Ured States bonds are strong,
The - being up 10 III MlllA. and the AVS 70
l121mll2k, the highest prices ever rtached.
Tine As now Yield the buyer nearer 81 than "a
per cent, and It looks as II the retnndlng bono
might bear only per cent. Interest. Inc currency
sixes dur In 1899 are up to SO. The 1S93s To l3O
the 1906 to 1914, the 1878 10 1873. ana lhe
1885 10 1875. In the loan market the rate Tor de-
mand loans at bank Is In no case les IMAM D per
cent. and In many per cent Al tn Sc Rates IN
IL no difficulty supply Ing wants, and q marker
can only be ca led moderately active. Time loans
and per cent. where they run by the mlddle ni
neat January. Prime mercantile paper Is 4Sdo
per cent The banks are losing TO the treasury ana
out of town cOrrespOn tents nuch more mn tnty
are gaining. The treasury TO diy bought s35.OOO
Of The 6 per cent. bonds which mature December
81: the price paid was 1929.
! he fol owing quotations were current TO-DAY
United States = per cents, 11lb; United STATES
A per cents, l. 's. asked; ID. OF q. 3 COS, 99
sales; New jersey Central. 1915; Ohio aud Mlssis-
sippi. 10: Erie. 49,; Michigan Central. i094'
II1nnibll and ST. JOseUh. 42k; Lake shore, N
Northwest, Il4A: Iron Mountain. 4eA; ROCK
Island l22k; 81. Paul, l04's; ~. Paul preferred
llSA: Wabash. -. Louis and Pacific preferred
76h kansaS and Texas, 39h: Western Union
1e egraph, 97h; {. {. and /. Is 2o's' P"clhc MAI"
Az. ,oD
BALTIMORE, November lS.-Virginia 6's, old,
27 asked; IL ferred. ; cOnsOs, 80; second sere'
2GH; past due coupons, 924; new lO-fO'., 4O's'
BID To-Day.