Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-03-19
NEW YORK STOCK MARKET.

NEW YORK March 1S.-The refusal Of the Trea-
sury Department 10 furnish gold bars, a. has
been the custom from time immemorial, failed
to prevent the export Of gold, as hoped by many,
and the coin goes out to-day with the possibility
OF being followed by further shipments In Tho
near future. Commercial bills are scarce, and
recent sales OF securities for foreign account To-
gether with the desire Of European houses 70
strengthen themselves as much as possible,
renders the outgo imperative, and the likelihood
Is that they would pay even more 10 get tho
metal at the present time.
EFFECT OF THE METALLIC oUTGo.
The stock market however, takes the ship
ment very unwillingly, and the direct eject has
been 70 chill the bulllsh feeling that was de-
yelopIng and 20 check operations In the stock
tine again The bears are corespondngy
elated, whiio the trading element was once more
inclined 70 take gloomy view Of the immaculate
future Of things In general. The apprehension
Of bad news from London at any time Is great
factor In tho making OF bear opinion, and the
check given TO the broadening OF the market,
which had made some progress during the iast
week, makes the bull side rather unpopular, ,.
least for to-day. The bulls, however, have not
lost heart and say that the exports OF eotd VIII
have but a passing effect, that the banks are IN
good condition 10 stand q drain, that me OUT
look, both Agricultural and nnsnciai, 10 go3a,
while the adjournment OF hostile legislatures IN
eures immunity from that hind d annoyace Tor
some time, and that prices are low.
TRADING SLOW.
For the time being, however. the traders, who
have principally the making u quotations, are
uneasy and inclined 70 go slow. The market to-
day was therefore full and declining during meet
OF the day with little feature OF special interest,
though few stocks made marked movements,
which, however, were all In the direction OF lower
prices. The effect OF last nights disclosures were
not reassuring TO the bulls, and the opening was
duh at figures from u to " lower than those OF
last evening, the announcement that the gold
would 20 In the shape Of coin sending them on
still farther. IL was well into tho afternoon,
however, before there was anything OF impor-
lance in the way OF declines, and Burlington at
its lowest was down 1 per cent. and Mobile and
Ohio liz, though from last nights figures the
finals showed larger losses. Dealings were con-
fined to the smallest limits throughout the day
and only In spots was there any animation what
ever, while the fluctuations In the general list re-
iected faithfully the apathy OF operators for the
time being.
THE CLOSE ACTIVE BUT FAIRLY STEADY.
There was a slight rally toward the close, which
was duh and fairly steady at the close ~ the
lowest prices Of the day. The fnal changes are
with one or two unimp0rtant exceptions frac-
tional LOSSES The Gales OF listed stocks aggre-
gated liz, 900 shares, and of unlisted, 22,OOO
shares.
MONEY AND EXCHANGE
Euening.-Exchange quiet and strong at 4a7a
1891. Commercial bills, S5lsaSS. Money easy
at 2a3, closing offered at sub-Treasury bal
ances-Coin, $751;, 352, 900: currency, &7,7l3,-
900. Governments dull but steady; per cents
l22: AS, l02. State bonds dull aud steady.
STOCK QUOTATIONS..