The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-08-17
WALL STREET YESTERDAY.
rrFEcr oF rnE BAp NEws FRoM wAsMlNGro

NEW York, August 1911 4 N-The alarming
news cOntaInsd IN the Washington Ill patches re-
PardiDg the Presidents condition cast gloom over
wall stree;, which was r, hected in the heavy rOue
of The stock market. The DeculaiiOn opened weak
and und very pronounced pressure 10 sell the
tire list recorded sharp decline, ranging from 10
81 Der cent. Texas Pacific, Louisville and Nash
willie. Canada Sou hern. Kansas and Texas, Hannibal
ana 81. Joseph, Reading, Union Pacific Wabash
Pacific and Nashville, aud Chattanooga Leading the
downward mOgeme n. The P0Sts financial ar
tlcle l:40 =. VI. ediuODl says: AT Ire stock FIX
change there is a general depression TO day,
the i'm neda!e cause being lhe critical condition
of PresICeul Garfield. Wall street always discounts
what IL considers 10 be an impending event, and 10.
day a jority Of those Specializing have followed
the rule. There Is nothing new In trunk line rail-
road aif3 but from what we hear there Is better
reason han there WAS CAV or TWO ago for expect
ing that the five principal trunk lines viii succeed
I'm organizing "m0ney pool" What Is now
taked Of as likely TO be cOnsummated Is a money
pool Tor three Years. the division 10 be the basis
OF the last half Of the year 1880, the same TO be
subject revision at the end of every year United
States bonds are q lower for the AS and extended
SIS. the other issues being unchanged. State
bonds are dull, and the speculative issues are
down s02 per cent.-the latter {. g. and |. &. in
comes 10 II aud OHIO Central income to 81.
The share speculation has been very feyerish. the
extreme decline ranged from Ia 10 80 per cents the
latter Texas and Par1fc. The net Ie,ut up to the
time we write IS decline or y 10 ~ per cent The
weakest stocks have been the Gould SOCKS, Louis
Vile aud Nashville, Denver and Rio GrGnde. the
coal stocks, Illinois Central Chattanooga, and Of the
Trunk Hines. Michigan Central and Canada SOuib-
ern Lake shore has been very active but Is only =
lower than at tn close yesterday. The Elevated
railroad stocks are dul as also the graDgers. In
the money market the quotation for call loans
IS % To- per cent, the bottom rate on stock
collateral being per cent. Time loans are 3
10 Der cent? aud prime mercantile paper Is 4 70 D
per cent, with few names passing below ~ per
cent. There IS a difference Of full half Of / per
cent. between four and six months date paper, and
reasonably enough, 9s the latter extends well Into
the next year. The demand for currency for
the in erlor Is comparatively mall for the reason
that the western aud southern country has more
money Of ITS own than In former years, and Is less
depenG6ni on eastern loans The market for foreign
exchange Is AZ last down 70 the point At which gold
can be probably imported and AZ this point IL Is
weak: so that important god linpOriatl0Ds are to
be expected. The weakness is due, however, rather
10 the supply of bills against The shipment OF secu-
rites aud snares, which shipment Is made possible
by to-day at the Stock Exchange here, than 70 an
increase IN the supply Of commercial bills.
BALTIMORE
BALTIMORE, August lG.-Vrginia SIS, consoli-
dated, s0a Dast-duc coupons, 9Zh; ne" lO-4O's,
I'd Rid fO-dly.