Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-11-21
WALL STREET.
The STOCK MARKET QUIET AND
WITHOUT EXCITEMENT.
crice Movements at the Same Time Quite
Irrccuiar-Money Easy Throughout
the Day.
rrr Telegraph TO The pispatch.l

market to-day has been rather quiet and
without any of the excitement which has
marked trading in stocks for tho past
two weeks, while the movements OF
prices were quite irregular and several
changes of temper occurred which re-
suited in leaving the list irregularly
changed from last nights figures.
LONDON BETTER.
Early London adyices showed an i'm
growing feeling there, and the governors
OF the Bank OF England at their regular
weekly meeting allowed the minimum
rate Of discount 10 remain unchanged in
tiead of advancing it, as had been sntici-
pated. This caused demand at the
opening here 20 cover shorts, and first
prices we're all mp from ! TO per cent.
while Missouri Pacific was higher and
New England IL.
A DROP.
The upward movement lacked vim.
however. and while few stocks scored
further slight gains the upward move
ment soon came to halt. Some OF the
traders who had bought at the low prices
prevalent yesterday realized their profits,
and tho bears felt the market with some
short sales which soon turned the cur
rent and the market sagged away.
EXTREME DULNEss.
Extreme dulness marked trading for
the remainder Of the forenoon, but after
that time the bears again became aggres-
avo. taking advantage of the limited
market as usual TO put out another line
of shorts. Tho attack this time was di-
rected squarely at the Changers and
Rock Island in particular. A rumor
that the next dividend woud be passed
was freely circulated, and undoubtedly
had some influence, and coming at the
same time with the announcement OF
the failure OF Barker Brothers in Phila-
delphia, Pa, helped materially TO de-
press the stocks of the general list. The
failure was OF special influence upon
Reading, and that stock kept pace with
the Grangers in the downward move
ment as long as II lasted.
EXTENT or THE DROP.
The drop amounted TO about | to 9 per
cent IN the Grangers and fractional
amounts in the rest Of the lists, with the
exception noted. hut Rock Island was
Knocked down from 81 10 G3l, and even
the declaration Of regular dividends upon
the Northern Pacific preferred and Bur
ln9ton was Of no effect in checking the
downward movement. The bears with
drew their forces toward delivery hour,
Int the market displayed no recupera-
tive power, although there was evidence
Of good buying, especially in Missouri
Pacific and Union Pacific.
MONEY EASY.
Money easy throughout tho day and
silver showed some Improvement The
resistance in the general list was stub
born, having tho effect OF maintaining
most OF the list of Changers above last
nights figures, and the final changes
this evening show q majority Of ad-
NaDccs.
THE CLOSE HEAVY AND DULL.
The close. however, was heavy and
lull at the lowest prices Of the day.
Missouri Pacific il the only stock show
ing anv material improvement and
is Il per cent higher, while Rock Island
Is down 81 and Jersey Central, which
again touched 100, is per cent lower.
The sales of listed stocks aggregated
27S,000 shares unlisted. 10000.
MONEY AND EXCHANGE.
ErcninQ. Q.--Exchang quiet and steady
nj 4s0la4S1l. Money easy at Pas,
closing offered at ,. Sub-1reasury
balances Com. Sl44, 500. 900; currency,
Si.O52, 600. Governments dull but steady
per cents, ll93 4l's, l04. State bonds
dull but steady.