Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-04-04
NEW Work. STOCK MARKET.

NEW YORK, April a--The stock market to-day
again gave evidence that IL ia broadening, and
not only London and Chicago we're buyers, out
many outside operators who have held aloof
from speculation tor some time TOOK nnnd III
the game to-day. The increased activity snu
steady strength displayed by the general nst
would soon 20 show also thai the public arc VIII
ing TO trade In stocks " they only receive some
encouragement The fsct thst tomorrow -
holiday. and all loans made viii run mi hendsy,
made the banks cautious In lending. especially "a
fhore would be difficulty in realizing upon SOCK
collateral over tpmorrow, sud advantage was
taken OF this fact 10 manipulate The money
market a littlo In the afternoon, and rates on
coll were for short time run up TO per cent
but with little apparent effect upon value. In she
stock market keslizng sales BY traders who
desired 10 close accounts over The holidays were,
however, OF some influence IN making Hac-
uOnal reaction toward the cloeo. Inc moss
prominent feature Of the day Was dealings IN
coal stocks, and especially Reading and
Lacknwanna. In tho former the pool WAS
again at work, but the favorable Inference
OF the reported agreement between the opposing
parties and the company was quito neutrsiiseI
by the selling OF traders on the good news, ana
The reported action OF Lackawanna, wnich u -
feared will compel the Heading TO lower us tohs-
The Vanderbilt shares came ncxt IN prominence
and Lake Shore aud Michigan Central we're spe-
cially active and str ing. mo Investment demand
being kepE pace with by the buying TOT
speculative account Foreigners wore buy
ers oil Louisville and Nashville ana 81
"
special importance. Advices from London
report a better feeling there. notwithstanding
that the Bank Of England failed to reduce It's
minimum rate OF discount as had been expect
| ed by many. and the indications are that after
the Easter holidays American securities Will at
| tract more attention from foreign investors ana
| spectators. Tho Grsngcrs were strong on me
! prospect OF the formation OF successor OF the
Interstate Commission upon frmer basis. Dut
| their movements were comparatively narrow. In
| the afternoon news that the plaintiff In the snit
| against the gAs trust had begged for DELAY, ana
! the view that his must DO poor one, helped
| the stock materially snd on liberal buying II
| was sent up from - 20 a. though IL could not
! hold all OF the improvement. The reaction In
! tho afternoon came 70 an end before the close,
/ which was quiet but nrm, generally Of fractional
| advances Tor the day Tho final changes are
| mostly gains. Chicago ges and Michigan Con
| tral each rose ~, white Richmond and West
Point preferred sold up TO 19t, sgoiustT7k az us
| last sale. The wide distribution 81 business Is
| shown by the fat that Reading and Lackawanna,
| both half stocks. were the only ones which
| reached iys figures. ssles-Ltsiod, 1G3,OOO
| shares: unlisted. 1000 shsree.
| ircsniB9.-Exonange quiet ana steady NJ 4s1ha
As. Money easy, ciosing offered NJ 3ss. sub
! Treasury hElances- Coin, sl6lsoe Goo: currency
s. gOOQ Governments dull and steady for a.
! ! Der cents, - eX. coupons, lVj OK. IN
terest state oonds dull and ieRtureless.