Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-10-24
Mean temperature. ......
NEW Work STOCK MARKET.

NEW YoRK, October 23.-The stock
market on the whole was active to-day,
but the heavy dealings were all in sugar.
which gave tone to tho entire market,
and decided weakness was the rule OF
the day. There has OF late arisen
distrust OF the monetary situation and
strenuous efforts have been made to
create feeling of uneasiness over the
monetary outlook in Europe, though
the best judges say there is no real cause
for disquiet The bears, however, only
want hint to make mountain out oil
mole-hill, and from week to week we
are threatened with further advance OF
the minimum rate of discount by the
Bank OF England, which would tend TO
draw further supplies Of gold from this
country and so further aggrayate the ex-
istlng scarcity of funds for both legitimate
business and speculation.
THE RATE OF DISCOUNT UNCHANGED.
The same prediction was made for
this morning, but the governors JAILED
TO take tho same view of the situation as
the bears Of tho New York stock mar
ket. and the rate remained unchanged.
But heavy selling by London had also
been predicted for this morning. and
with first sales this morning they pro
ceeded to make the prophecy good, and
a flood of Enthusiastically fayorites with
London-were poured upon the market
with the desired effect of material de-
preston in values. The most effective
element in creating this depression,
however. was weakness in sugar refine
| ries. which again assumes its old posiuoh
of chief disturber Of values.
RUMoRs AS TO THE SUGAR TRUST.
There have been of late all sorts OF
rumors in circulation in regard to tho
trust and the possibility OF re-
ceiyer, and one who might possibly be
an enemy TO the trust itself was made
the most Of, with the result Of bringing
a food of long stock upon the market,
though the labor OF getting the price
down was not neglected by those whose
interests lie that way. Many stop
orders were uncovered, and from u.
last evening it was ratified OIL to 69l,
where some support was met. This was
exhausted iii rally to 7O4, and IN the
afternoon a further drop to GU was
made. after which rally TO Got ex-
hausted the recuperatiye power OF she
stock. and it went down to 66A in the
last hour-a net loss OF per cent. II
rallied feebly in the final dealings. bu
closed at close to the lowest point OF tn
day.
THE RAILROAD LIST.
Naturally among the stocks of tb'
regular list Chicago gas was Its closes
sympathizer, rumors of new suit send
ing it off q per cent, and while the
railroad list met with some severe pres
sure the acknowledged better OUTLOOK
for the Granger stocks kept prices with
| in fractions OF the opening figures II
most OF the list, though Union P&lii'
and Louisville were weaker than the res
and especially in tho afternoon.
Money was made to appear scarce II
the forenoon, and rates on call were rur
up TO 7 per cent, but loans were made
at as low rate as 3 per cent and fund.-
were offered at that rate at the close
The market closed active and weak at o.
about the lowest prices of the day.
MONEY AND EXCHANGE.
Fucning.-Exchange quiet aud stront
at 4S2aiS7. Money easy at Bal. Sub
Treasury balances Coin, sli6. al 600
currency, S5,S76, 600. Governments dull
and firm [; per cents, 1914 AS, lO4t
State bonds dull aud featureiess.