Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-03-14
TIE WEATHER IN RICHMOND YESTERDAY wal
AIR and warmer.
Mean tempernture .......
NEW YORK STOCK MARKET.

NV YORK. March 1910 supplement- the
news Of the sbsorb,on Of the Chicago Burning
ton and Northwest BY the Chicago. burlington
and Quincy This morning tho banh OF England
further reduced its minimum rate OF discount
20 per cent IL IL felt hat this acfion Will fur-
thor stimulate the interest OF foteagners IN
American stocks and securitias. and hat tnAs
clement will hereafter be an important factor IN
the course OF pric~a In this market. The enect
upon tue opening here was 10 create tho utmost
interest and excitement nj least for a time, aud
while she general list showed gains over last
night OF from : 20 . por cenI, chicago, BUR
nngtOn and Quincy was 40 IL and mock isiand
PER cent There was an unusually large NUM-
Der OF brokers upon the noor. aud the
excitement OF the frst few minutes has
seldom beou exceeded. IL soon became evil
dent, however, that al were not insre
for tho purpose Of buying stocks and while
shorts were busily covering the longs we're feed
ing ont stocks as fast and even faster han they
we're wanted, which, after the opening spurt
had the effect 81 slowly -agging on prices, ne
opening figures In most stocks being tho highest
for tho day. koas ing sales continued hrough-
ont the day, AMI as many operators were hold
lug of for the bank statement OF saturday,
which n expected 20 give evidence wheiner the
recent disbursements for bonds have had any
real influence upon the monetary supply OF thls
city or not, tho demand Was scarcely equal 20
the supply Should the reserves OF the BANKS
show any increase. however more promising
class u buyers will be brought into the MARKET
and the upward movement be given peftns-
nent character. heuizatons being uSon sueh
liberal scale gave the bears encouragement 10
attack the list IN several spots during the etter-
noon, and the hesvy selling " Chicago GaS
which was supposed 10 be for the es.
taGo OF the late John T. Lester, added
in Tho depression. In fact Chicago nas
became great feature Of the market during
the afternoon and dropped ia per cent, tbough
n portion Of the loss wa>'recoycred before mo
close, after some wild and violent nuctua1ons
As - natural with the market stocks ha han
the largest advances suffered most IN me de-
cline, and Burlington. Rock Island. and Louis
Vile AMI Nashville, L1ckAwsnns, and euch spe-
cialties as Tennessee Coal scored TnaTkcd loss
Tho weakest spOt IN the liet WAS Louisville, Ne"
Albany aud Chicago, caIsed by selling, which 10
believed 10 be for account OF the unsested
party in tho election. A net drop OF ~ per
cent. was the result OF the DAYS operations IN
stock. The MARKET, after the hrst squirt became
comparatively quiet, and nearly hall OF the sales
of the listed shares was effected In the nrst
hour. The close Was active aud heavy 10 weak,
generally at or near tho lowest prices OF tho
day sRes-Listsd aggregated $4,000 shares;
unliatrd. 1900 harHS
EUenirZ-Excnange quiet and steaiy at4s2ka
A. Money cc-y az ss44. Suh-Treaury bal
ances-Coin, si62,iW,O0O: currency, s, 5000.
Governments duh and steady for a.; <porcents..
" ex. coupons, l0}'. bid: ex. Interest," STATE
pond cult aud ature.ess.