Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-03-06
FINANCIAL.
Kew YORK. BALTIMORE. AID RICE
noxD STOCK ExcEAaaE&
Grain, Provisions, Cotton. Tobacco Tur-
psntins, Resin, Tar sad
Peanut MsrkstA
rBy ,elsrraph to The pispssch.I


NEW YORK. March 5.-To-day was the most
active day In the stock market for many weeks
and was decidedly weak during almost me en-
tiro time. The selling vac very heavy nnul ls,c
In the day. Developments in matter OF strikcs
since saturday inducing free offerings CT long
stocks al around the room. the pressure pein9
specially severe against coal stocks, Trunk iues,
and graDgers Local buying, however. was very
good, and the Clique support was given unus
selling orders became too numerous. when me
attempt to save the market was given 40.
LaIer In the day bears made some Efforts
to cover on the receipt Of more fs.
had the effect Of steadying the list, and some
slight recovery was made. The market was
feverish throughout greater portion OF the
day, however, under heavy transsctions. many
large blocks OF stock changing hands. The
main topic of conversation in Wall street was the
threatened general strike OF locomotive Gu
gineers, the feeling being that II Chlef Arthur
persists in calling out the men on the roads
where there Il no grievance that the result will
be a disruption Of the Brotherhood. as public
sentiment would be freely srrsyed against the
strikers. The crowd In Reading was very large
again this morning, and many heavy selling
orders were executed. out insiders took a large
amount OF stock. add the stock with me
general list was well supported for most
Of the forenoon. but the condition OF the
coal market was factor IN the subsequent de-
cline. which reached all coalers except Delaware
aud Hudson. Dealings In Missouri Pacinc were
a special feature, the stock being very strong
under considerable investment buying on ex-
pectation Of largely increased earnings. Wheel
ing aud Lake Erie was the weakest stock. drop
ping per cent. on very light transactions, but
tho general list quite dull and displayed lit
tie feature Of interest The opening was lower,
but during the early trading the llet showed
stubborn resistance 20 the pressure. which
caused some slight advances. Tue nst
soon began 10 yield, however, and Lacka-
wanna early became prominent for weasnesS
while the losses we're confined 20 fractions In
most cases until toward O'Clock, business show
ing marked decrease after l2 O'Clock A nrm
tone marked dealings for the rest OF the day,
and In the last hour the market became quite
dun but the close was quiet and steady az some
thing better than the lowest figures. Almost
everything Is lower tonight, and Lackasanna
Lost per cent, Wheeling and Lake Erie IN,
Reading 4, Jersey Central and Oregon Trans
continental II, Richmond and West Point ! =,
Union Pacific /. and others fractional amounts.
Tota sales $4,000 shares
NEW YORK. March 5.--Noon-Stocks quiet and
heavy. Money easy at Gas per cent Ex-
changs-Long, 4s54 short 4S7k. Governments
dull
E5sning.-Exchsngs dull and steady; long. $50 !;
short. ASS Money easy az gas; closing offered ~
2a3. Sub-Treasury balapces-Gold, slg9.ol5,OOO;
currency, fl2.s0i,000 Governments dull; per
cents 1855; ~ per cents, 1861. State bonds