Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-09-12
Mean temperature. .....l.....-.......'..
NEW Work STOCK MARKET.


NEW YORK. September 1.-THE stock market
to-day was unusually active. the sales Of ltsted
stocks reaching ,.s33 shares and Of unlisted
$1,000; but tho increased business was obtained
at the expense OF values ia all portions OF tho
list, aud material losses were suffered IN all &C
two shares. There was to-day an unioubiei
full liquidation Of small marginal accounts, for
which the only inducement vas the scarcity ana
high rates exacled tor money, and the shifting Of
loans occasioned b. The ealing in OF money
loaned at lower rates prough; considerable long
stock on tho MARKET
USE or TIE CROP REPORT.
At tho same time the bears were again very
prominent in getting prices down ami maze
special point Of the poor showing % the Govern
ment crop report. and the Granger stocks SUI
Tered 10 a-marked extent hut not more then
other STOCKS, which are not 10 be affected 70
such an extent by tho scarcity Of corn ana wheat
20 haul Tho stocks also which scored me
greatest decline were Chicago gas, the sugar re-
nneries aud North American, which could IN no
way be Affected by those considerations.
MONEY Il PR CENT. PER DAY AND INTEREST.
The money market was undoubtedly great
disappointment 10 the smaller bulls a. least, ana
the rate on call WAS gotten up % y per cent per
day aud interest. Notwithstanding oil the ehOfts
Of the Treasury Department FOR IT. rellel.
Liquidation became general. The presentation
u bonds NJ the suU-Irehsury Tor prepayment Nl
interest was very large. interest being pad upon
s25.UJ0.000 registered bonds, while s32OJO were
pad on coupons, and f2il,N0 worth OK -
Ter cents were redeemed. This. ihte IN mo
day, again restored something Ike conh-
dence, but II failed I'd cause rally OF anything
Ike the proportions % the previous decline. Inc
audiences OF tho advance In rates tor call loans
gave rise TO many accusations OF manipulation
which we're directed a. several different points
but there Is no realization of anything OF me
kind.
DECLINES.
Early London quotations were all materially
lower and our market responded with declines
Of from Il 10 s. uer cent AT the opening.
The pressure upon tho list was siehly,
but little progress WAS made during mo
forenoon and the business done was modes
rate After that time, however, special A.
tentiOn was siycn Chicago gas and the sugar re-
fiuerigs, ard each Ot them was quickly lot on
6 Der cent. on extremely large transactions.
Tho recent supposed arrangement between tho
city authorities and tho company WA denied,
and an opposition which would furnish gas Ht ~
cents per 100 feet was said % DO really Tor Ousl-
ness. 40 the same slime the manipulation Oh
both these properties was most apparent, nut
the rapid declines had their effect upon Tie rect
Of the market aud everything fell away rapidly.
reaching the lowest points toward T. VI.
PRICES RECOVER SLOWLY.
Tho extrome activity then died away AMI
prices recovered slowly. The leaders rose aooA'
10 per cent, while The improvement ia lNe
others was confined 10 fractional amounts only,
North American was one Of tho features, and
with the other two stocks menuonel was
ratified or per cent, rallying only traction
The declines, however, extended night throust
the list, the bears being most impartial IN theli
favors. Tho market finally closed quiet ana
fairly steady, but nj only slight improvement
over the lowest prices OF the day.
THE MONEY MARKET.
Ersnjnq.-Exchange active and heavy NJ is2%'
4S54 Money tight, ranging from ) anu inter
est 10 o last loan and closing offered % 2
Sub-Ireasury balances-COin. fl51.233,tO; ctr
roucy, ss.267,O0O. Governments dun and heavy
4 per cents, I2i3{; 4ks loii. bid OK interest
State bonds duh aud heavy.