Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-05-17
THE WEATHER IN RICHMOND YESTERDAY was
Range Of Thermometer YESTERDAY.
Mean temperature. ....................
NEW YORK STOCK Markell

NEW YORK. May i6.-Tho stock market pre-
seniei about the same amount Of business to-
unY as yesterday, but the reactiOnary temper
was replaced BY more confident feeling not
Wiihstnnding the fact that the professionals and
traders were still working the forfeiture racket.
there was great irregularity In tho market,
however. and portion Of the list wes strong,
while another portion was decidedly weak, and
the course of prices was subjected 10 sudden and
sharp changes throughout Tho general YER
uict upon the operations OF tho past few days is
mat the market has shown remarkable staying
powers and that Il IA booked for a further mate
rial advance IN the near future. To-day there
were also continued reali2atlons, which, with
the aid Of the hammering OF bears and the
lack 81 support in few OF the most
prominent stocks, were sunici0nt 20 keep
the market in an unsettled and variable
condition throughout the day. The high rates
oxacted for money also caused many selling
go "a high as yesterday, and the loans msde to-
day run ill Monday There Is reason 10 believe,
however. that the high rates oil the last few days
have begun 10 attract funds 20 this centre, aud
rs Friday is usually the day Of highest rates for
money thoy will In oil probability be lower next
wees. The great buying power to-day was
Afforded by foreigners, who sent liberal orders in
all Of their iavortes with tho exception Of Louis
Vile and Nashville, and though the pressure 70
soil az the opening was severe, higher prices re-
suited from the excellent demand. Union Pa
cinc was tho fenturo Of early dealings and
Il advanced nearly ~ per cent, tho i'm
OF new developments which will affect both
tho Union and Central Pacific, and the
general opinion was that new Issue Of
bonds TO take the place u tho Government loan
at a lower rate OF interest would be the scheme.
Oregon Unconstitutional continued its upward
movement. and the buying in New England was
attributed to rumOrs OF changes in tho manage
mont and new alliances AtchisOn was spe-
cially weak in the early dealings and Chicago
gas continued 20 decline, being apparently
without support The coal stocks we're quiet,
with the exception Of Reading, and all were
firm, though Delaware and Hudson lost some Of
its recent advance and Is the only stock which
shows any material loss tonight. Tho buying
demand tell away aftor tho opening and traders
again got prices down. In some cases below
those OF the opening. but irmer tone after
wards prevailed and the best prices we're
reached toward noon. Tho money rates then
encouraged tho bears and again prices receded.
but money WAS offered AZ per cent. In the last
hour and some improvement wa made, the
market finally closing active and firm generally
at small fractional gains over last nights
figures. sa.es-Llsted, ijl,O0O; unlisted. 10000
shares.
Ersnmg.-Exchaogo quiet aud steady. Money
tight az 5alO. Sub-Treasury balauces-Coin,
Si62,S]l,000; currency, SJ,Hd.0W Goyernmonts
dull tus steady for is; per cents, i2!: ex.
coupons, ll3a bid, ok interest state bon}s
e. IrfH ~ fr