Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-09-09
becoming northwesteriy.
The WEATHER IN RICHMOND YESTERDAY IVES
clear and warm.
Range OF Thermometer At tho front door OF tho
Dispatck ONCE Yesterday:
Mean temperature ..........
NEW YORK STOCK MARKET.

NEw YoRK, September S-Ths stock mako
has possessed more animation to-day than usus
OF late. but the activity has been caused oy inc
Same hammering operations which gave tho
market all the life It possessed last week. ana 10
q few stocks there were sharp Declines while tho
remainder OF the list show only slight changes a.
a result Of tho davis operations The action OF
the Secretary Of tho Treasury In Offering 70 pro-
pay interest upon per cents for the coming
year gave check TO the increasing aggressive
moss OF tho bears and the move was considerea
good one In all directions and one likely 10 have
the desired effect upon the money market
SOMETHING HAD TO BE DONE.
The slow response IN the last offer 20 redeemsh
per cents and the continued low state OF inc Ne"
YORK bank reserves, which have now SHOWN aue-
fat from the requirements Of tho rs per cont rule
for four weeks In succession. made u imperative
that som ething should DO done TO meet the aran
OF currency TO the interior which seems 70 nave
aggregated isrger sum than usaai ,n's ', ss,:
market restricts the business done IN STOCKS
within the smallest Unite, wouii,bc ouyets
holding OF until the atmosphere SHAH be iitue
clearer, aud while holders rstan tneir grip upon
their securities most consciously the lAck OF
buyers gives the bears courage 70 MAKE vigorous
demonstretion, against certain stocks moro
vulnerable than the rest OF the iiss'
THE CHANGERS down..
The Grangers are now In his posioou, Gnu
the pressure upon Burlington ana quincy was
again resumed this moruing, and notwitnstsnd-
ing the fact that the circular OF the treasury
Department In regard 70 the prepayment Oh M
terest upon 4 per cents was tho occasion OF
| opening the market up from 10 Z per csnt
| material losses were afterwart brought about IA
! Burlington and other Urangers. chicago gus
| Union Pacific, and speclaities.
SUGAR MAKES srURT.
The market became more active and weaker
| In the afternoon. when the most nateriai iosses
| were sustained ana the only strong feature IN
| the room was sugar, which made a squirt OF :
per cent on favorable rumors from Wesnins-
] ton about action upon the sugar schedule. lhere
| was no news OF a character 10 bring ABOUT any
liau,daton OF long accounts, and there 10 no
| evidence that holders have given way 10 any OK
| tent, but tho drive severe against iate weak
| stocks, and The extreme loss IN Burlington was
| per cont
| THE CLOSE QUIET BUT WEAK
| Dealings showed great amount OF feverish.
| ness throughout, but the DOWNWARD m"'eiueht
| really ceased only with the close OF business,
| which was quiet but weak az about ms iowes.
| prices Of the day. Sales OF listed s.ocxs, iooVo
| shares; OF unlisted, $1,000
THE MONEY MARKET.
! Frsuin1-Exchange quiet and weak at as2k
asa Money close at 3ai0, closing offered at
sub-Ireasury Dalances-Coin. sl5S,slO,0U; cur
| renew 81 374,O00. Governments duh but steady
4 per cents, i25A; AS, i04a bid. state boni'
dull aud featureless.
eroru ouor lTroys