Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-04-18
Mean temperature. ....................si ;
NEW YORK STOCK MARKET.

Nav YORK. April 1.-THE stock martet while
rather dull to-day was strong almost 81 the way
let was confined 10 insignificant proportions a
few stocks made large advances snd the activity
In them served to make moderate days bush
ness. Sugar was the feature OF the forenoon
and LncksHanns Of the latter portion Of tho day.
sad, except IN few specist,es. these two stocks
monopozed the affention Of traders and showed
the only wide fluctuations The probability u
some legislation which will make silver N moro
consequence In the world and at the same time
AFFORD the means OF Increasing the amount OF
available funds for purposes Of speculation gsye
the market IN impetus and with otuer favorable
factors entirely overroce the effect OF the rather
discouraging items OF Dows from Chicago The
announcement Of an intention 10 attempt 10 use
the steamers OF the Pacific Mail Company In
connection with the Northern Pacific. despite the
relations now existing between the PScinc Mail
and Union Pacific and the further reduction Of
rates by the Missouri Pacific. are regarded as
evidence that the light between Rock lsisnd,
Missouri Pacific, and Union Pacific Is 70 DO even
more bitter than AZ present The con-
teet Is 20 demorali,ing 20 business Ia Wall
street that the bulls threaten 20 cut away from
those stocks altogether. This morning. however,
n further reduction In the minimum rate OF dis-
count OF tho Rank OF England 10 per cent and
the prevailing low rates OF money IN the opon
market there created a moro buliish feeling on
stocks nj London aud higher prices were made
for American stocks. which gave this rnarket
quite an impetus st the start. The recommends
ton OF the Ways and Means COMMITTEES on the
sugar tariff made the sugar renneries tho prinei-
pal feature nj the opening. and tho buying on
the impression that the new legislation viii IN
crease tho consumption Of sugar and 30 give en-
ployment 10 tho idle rehnsries VIVA sufficient 70
send the certificates up nearly per cent
during the earlier hours, and though the deal
tngs IN them afterward Stacked OF materially
the price held up Ia near the best figure.
The bullish feeling In the general list vns helped
further by the strength 10 IsckRwanna. which
was bought openly ty ite usual supporters, and
the influence Of Mr.. White, who boldly en-
nounced himself q bull on the stock. brought In
bnyet,. and It assumed the nrst position In the
marxet. A report that came from Philadelphia
that Reading had advanced coal prices from I5c
20 2sc. per ton also helped the improvement In
Lackawanua. and also In Jersey Central
The bidding Up OF silver certificates also had q
marked influence upon the general list, aud
while the trading aud fluctuations were small,
tho strength was undoubted and the upward
movement ceased only with tho close Of pusi-
ness. Among the spccislties which showed
marked strength were Tennessee coal. Chesa-
peako and ohio shares, aud Wheeling and Lake
Erie. Tho close was quiet and rrm At about tho
best prices Of the day Sales, listed, l5l. COO I'M
lis'ed. i3.00o shares.
Gcening.--Excnange auiet but steady. Money
easy .. 3sa. slb-rreasury balances-Coin.
Sl62.s9i 900. currency. s., $4,000 Governments
dull but steady for Is; per cents, l21:
ex. coupons, 1872; OK. interest. State bonds
,t..t1 IA L a Nrf