Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-04-03
FINANCIAL.
HRw YORK. BALrrN0RE, AND BIca
M0HD STOCK ExcMAu0RA
Grain, Provisions, Cotton. Tobacco Tar
pentine, Resin. Tar. and
Peanut Harkssa
tBy telegraph to the Dispatch


NEW YORK, April 2-Tbs stock market was
very active and feverish throughout tne Gay
The western raliroad troubles we're still great
disturbing factor and adyices received since sat
urday night induced heavy pressure 70 sen AZ
the opening, there being a perfect rush 70 ger
out and trading was attnaded by great excite
ment for some time A rumor which WAS circus
lated last week ab0uta prominent banking house
being In trouble and compelled 10 throw over All
the stock II had been carrying was again made
use OF this morning with considerable ehecI
The pressure was severe against grengerS. ~
Paul In particular. but the stock nuctusted only
l per cent all day. aud It's nnal loss was insig-
nincant More impression WAS made on others,
however, and Burlington and Quincy dropped
over per cent. After the grangers more
attention was paid 20 Nanderbilts as
tive dimculties with employees, and the
Canada Southern, Michigan Central, and
Lake shore made marked declines. Dealers
exhibited considerable strength. especially IN
the early portion Of the day, but were ~ ojected
% heavy raids later. and trading In Reading and
Lackawanna was very large, but the impression
made upon their prices was not al all commen-
surste with efforts put forth somstme With ex-
tensive coverings Of shorts az low prices and re-
newed buying for long account vaen IL became
evident that the situation had been exaggerated.
aud tho market bad generally nrm toue
throughout the afternoon. Union Pacihc suffered
heavily on the nrst attack, but almost immsdi-
ately recovered and was well held 10 the close.
While Richmond aud West Point was one OF the
most active stocks, rs fluctuations wore confined
% range Of only Z per cent The nrst sales
cases, nut in exceptional instances the declines
reached a. Tho market was very active and
feyerish but weak for some time after NE open
ing, and most Of the losses were established In
the FIRST few minutes. The lowest prices were
generally made shortly after noon, however I;
after which ihere was an Irregular recovery, ex-
tending throughout tho list and lasting all the
afternoon. The market Was much duieter AFTER
the flrst hour. and finally closed quiet aud about
steady, generally Al fractional declines from "a
turiay's close. Total sales, 8AOV0 shares
Most Of the list are materially lowor. canada
southern IL of a Burlington and quincy. = )
Colorado Coal, and Richmond and West POINT
proferred each ~ KOck Island, Fort Worth
and Denver. Missouri Pacific, New YORK Central,
Omaha. Reading, aud Pacific Mail, per cent?
AMI others fractions
INV YORK. April 2.-EXchange dulend weak;
long, iS69, short, sS64. Money easy AZ Gao per
cent, closing offered nc 3aL Sub-lreasury
bsAnces-Coin O. 1870, $4,000; currency, fl2h.s.OUI
Governments dun and heavy per cents, isj'4 I;
~ per cents. 1854. State bonds neglected.
Alabams-Class A. 2to5...-..........-.....'iO
Is, SIS, ...-........-..........ly
Georgia re. mortgage. .,......losd ~
North Carolina cOns0l s..............''..'''As
North Csroliue fs.....................~..- w
South Carolina Brown consols---.....~s.- ~
tennessee s...-..--....- a. 20
Virginia 6s..............-... @--..,-..-. loill -
virginia consola,. ..Vtskedl ~
Chesapeake aud Observation-Disclosures. ~
Chicago and North western. .-.-.-...-....-. --lv3
Chicago aud Northwestern preferred $3.50 .l3b
Delaware LhckAWana ami Western. 1850 .lbth
kris .s-...--.- 90
East Tennessee railroad. ....--........- ~
Lake shore. o9ff
Louisville and Nashyile..----. .e-.--....... 5l5s
Memphis Rad Charleston. - -. (asked) 81
MOBILE and Ohio. OBSERVATION-DISCLOSURES.
Nashville and Chattanooga. ......-..s~... -. ~
New Orleans Pacific Isl mortgage s.~....--. -
New YORK Central IO2'f
Norfolk and Western preferred-......-.---.. tSss
northern Pacific. ..-.....-s.- ...ss.s.-- a,
Northern Pacific Preferred. ,-....... 81
Pacdc NAH ~ .......- $500. ~
Reading. ........-......-..... 52h
Richmond and Allegheny.
Richmond and West POiut Terminal -. 1875
ROCK island ........--. .ss..-.s.lWi
q. Idul. " .
81. Paul preferred --..lC0S
iekas feinC. ..s........ 80. e-ss>--~ =
Tennessee Coal and Iron. - % =
mon fHciuc--... -s.s-. $1,000
New jersey Central. ........--. -
missouri fQcluc. - Is
Western MON. .......-..----....7 "a
Cot,on-Ou Trust certiacates.........-----'., g'H