Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-03-12
NEW YORK AND RICHMOND STOCKS.
Daily Reports from Both Bcards-Cotton'
Grain. Flour. and Other Quotations.
rpy telegraph to the plspa.ch.l
Tus wxhruss IN RIcHxosD YESTERDAY was
cloudy and warmer.
Mean temperature. ...
NEW Work STOCK MARKET.

NEW YORK. March 1.-The excitement over
the deal in Reading died entirely away to-day.
aud xhlO there we're some remslns OF u visit
bic during the first hour. after that time Read
ing became duh and almost "a olcss with the re-
mainier OF the list The markt as whole was
dull but strong and slow, but the steady upNari
movement inauguratei al the opening met win
little OF no setback. and some few stocks snow
material gains az the result OF tne day. opera
tlons. The market WAS narrow. but ia strength
was a genuine surprise 20 many people VINO nan
feared that tho squeeze In heading would have
Injurious effect upon the resi 81 the list, and
that prices would sag upon small business.
Reading was duh ut the opening anu
retired a small fraction IA the early deal
inCs, but this was soon recovered. ana mo
cash lots began 70 be- bid for. though the diiier-
ence between them and the sales In the regular
way was az no time more than =, and before the
end OF the hrst hour had entirely disappeared.
After that time The stock attracted no more AZ
tention than any Of tho usually active shares.
and It's further movements were confined 10
small fractions only. while its price was won
held. lts extreme nuctuatton Tor The dsy was
only percent In tho rest Of the market the
Changers took tho lead, in all probability upoh
tho covering % the shorts In Wow OF ths new a.
gociatiOn, which Will be much stronger man no
OH one. 81 Paul. Rock Island, aud burning ON
wero all conspicuous for strength and activity.
80. Paul wes also helped by rumors OF ING
declaration OF q dividend upon tho preferred
stocks to-tomOrrow and the prohabhiy OF y re-
sum ption OF dividends upon common 81 an
oRriy date. There was heavy short seliinS OF
linton Pacific in tho nrst hour. In which larger
traiers we're specially e'uve, but the slock ro-
ceived such good support that ell pressure was
removed in tho afternoon aud a slow recovery
took place. Missouri Pacific aud Manhattan
we're conspicuous among Gould stocks, tho iatter
scoring q per cent upon the return 10 caSl
dividends and the statement OF the ohicers inas
the road had earned ~ per cent during rue
pat quarter The directors OF me western
Union recommended that tho regular uu.
dend Of Ia per cent 10 declared. our
that tho atork was dun anu eteslY.
Tho annual statement Of Missouri racine
shows hRndsomr surplus over oil divluehis
aud charged New England was another STOCK
which made substantial progress, although dull
throughout the day. The trusts were extremely
dull and oven. sugar failcl 10 show any ant
nation. The bauK statement this week u no"
expected 70 bo more favorable and the further
red ,tOn IN the sterling exchange today brings
IL within a small fraction 81 the gold-impoItn =
point. Tho situation altogether has improved
materially during tho past twenty-four hours
and tie bulls arc spondinRly hopeful mo
market closed dun bat nrm, generally AZ or
near tho best prices 81 the day. The total deal
iues we're @S $50 listed and OBS unlisted shares,
Recalling contributing 59,s
RUeni1r.-Excnange quiet and wenk AZ 49,
D. Money easy nt fafE. NnhIreasury hal-
Ances com. Slli, - coo: currency, ,f6Oo0
Governmentsdull and steady for&r percents.,
:. Eek. coupons, 1872 bid; eI. interest state