Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-11-15
Mean temperature. ......
NEW Work STOCK MARKET.


NEW YORK, November li.-The stock
market to-day was much less active than
for week past, the general list being
comparatively dull, with small tluctua-
tons and practically devoid of feature.
There was, however, no lack OF ANNA
ton in q half dozen or moro OF the
leading stocks, and their fluctuations
were as large as usual, the prevailing
tendency being downward.
LESS CONFIDENCE ABROAD.
The cause Of the renewal of uneasiness
in the market was found this morning in
tho dispatches from abroad, which re-
fected less confident tone than for tho
past two days, and indicated that the
squeeze for money on the other side was
by no means over.
MONEY EASIER.
The money cabled from San Francisco
yesterday and to-day, aggregating
81 800, 900, gave much easier tone to
the money market here, and while funds
on call were run up TO ~ per cent at one
time, loans were made at as little as 4,
and the final one ct 5.
DOMESTIC NEWS ENCOURAGING.
The domestic news was rather Of m
encouraging character, but the move
ments in the market were again princi-
pally owing to the operations cf the
bears, who took advantage of the cessa-
ton in the disposition to buy for a rise
which has been so pronounced for the
past day or two. There was, however,
buying of an excellent character, and the
general list showed its effects.
THE OPENING IRREGULAR.
London prices were generally lower
than ours of last evening, aud with the
nows from the other side, encouraged q
demonstration against few stocks at
tho opening, which was very irregular,
with marked losses in a few stocks,
among which Louisville with a loss Of 2
per cent, Union Pacific with ! /, and
Atchison and Big Four with each were
the most conspicuous. Western Union
and North American were the only really
strong stocks on the list, the former
opening with a gain Of IL per cent and
tho latter rising in the early trading flom
IL to Ii.
A DRIVE AGAINST PACIFIC MAIL.
A severe drive was made against tho
Pacific Mail with first sales and it was
depressed 81 per cent, the decline being
accompanied by certain vague rumors,
about which, however, nothing OF a
definite character was developed. The
stock later seemed 20 have good support
and made a substantial rally.
LACKAwANNA WEAK.
The great feature of the forenoon trans
actions, however, was weakness in Lack
awanna, for which there was no explana-
ton, and the general opinion was that
its friends who have been standing
under il for so long had quietly let it
90 with the remainder of the list. Its
decline was almost continuous and in
the afternoon it touched 1873, from
which it recovered only per cent.
against 1864 last evening.
NORTH AMERICAN SUBSIDIES.
North American for the first time in
many days ceased to be the most promi-
nent stock on the list, and for some time
1t was comparatively neglected, while
the transactions in it during the day
reached a very ordinary figure. The
early advance was not held and the stock
slowly drifted back to the neighborhood
Of I. There were no developments in
regard to the affairs either of tho COM
pany or OF the men who are most promi-
nent in its affairs.
NORTHERN PACIFIC SOLD HEAVILY.
The feature of the later dealings was
heavy selling Of Northern Pacific pre-
ferred, which declined from 6Ol to 81,
and, like Lackawanns, rallied only a
small fraction. The general impression
was that most OF the selling came from
parties who held it as collateral for loans,
and who bought 1t in at the Exchange.
The bears, however, were very active in
the stock, and its transactions ran up to
tho largest figure yet. There were good
buying orders in common, which kept
that stock steady throughout tue day.
Sugar reiineries again bobbed up in the
afternoon with sharp drop and all tho
leading Changers were weak, with Louis
vile, Of which there was considerable
sold for foreign account
THE CLOSE WEAK.
The market continued to settle down
slowly and steadily, and finally closed
active and weak ut or near the lowest OF
the day. The final changes are all in
the direction of lower figures, even the
strong stocks Of the forenoon failing to
hold any of their Improvement, and
Lackawanns is down AZ, Louisville 2 I,
Union Pacific 2i, sugar2s, Northern Pa-
cific preferred q, Jersey Central Il,
Atchison Il, st. Paul IL, Burlington.
II, and New England, Rock Island,
and Chicago gas each per cent.
Substituted, 1865 shares unlisted.
~, coo shares.
MONEY AND EXCHANGE.
Euening. Exchange quiet and steady.
Money easier at 4al2. closing offered at
8. Sub-Treasury balances Coin. sl4i,-
8ls, 900; currency, s3.60l, 900. Govern
ments dull and heavy; per cents, l22 /;
4i's, 10i. State bonds neglected.
STOCK QUOTATIONS..
Alabama-Class a, 2 to 5.-........1 lob
ID, 5's.. ..lO7
Georgia rs, mortgage. ............
North Carolina consol 6's. lex. int. )l22
North Carolina 4's........... (bid) %
South Carolina Browns. ........... 80
Tennessee 6's. ............-...... .I03
Tennessee SIS. ............( asked) l0ii
Tennessees settlement. $500. -. 20
Virginia SIS. ..........-.'....t pid) oO
Virginia 6's, consols. minimum. AZ
Chesapeake and Ohio. ...........
ltl