Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-04-21
NEW YORK STOCK MARKET.

NEW YORK, April 20.--The opinion grows
daily that the extraordinary strength shown Of
late by the stock market, In the face Of the most
discouraging circumstances. has more connec-
ton with the outlook for large crops and large
markets for them during tho coming season than
has been before suspected. The West Is unit
In its bullish feeling on stocks and II Il undenia
bic that the principal support TO the present
movement comes from that quarter The stocks
in which the West and particularly Chicago Is
interested are the leaders and their activity and
strength give tone 90 the entire market. There
are two or three cliques among local operators,
however, and tho backing Of Mr.. Cammack IL
one OF the enigmas with which the street en-
ploys It's extra time in solving, and II is believed
in many quarters that most powerful comblna-
tion in addition TO the West is under the market
at present.
REVIVAL or ACTIVITY AND STRENGTH.
To-day there was n revival Of both activity and
strength In the market, and all the leading
shares resumed their upward march under
heavy buying, which soon brought In offerings
which swelled the volume Of business, but were
pOweres5 20 check the upward tendency In
prices for any material length OF time. The
market during the greater portion Of the day
acted more like a genuine bull market than it
has for some time, although the same narrow
ness was notable and n lack OF vim In dealings In
the general list while the same stocks mOnopO-
lized rs usual OF late the great majority Of the
business done. The most notable feature in the
trading was the activity and strength In Chicago
Gas. The Changers, however, were the main
stay OF tho movement, and while there was the
usual amount Of business in the Industrials and
specialtes there was little interest In the trading
outside OF the Changers, Atchison, and Northern
Pacific. Among the Industrials Dlstillers and
Cattle-Feeders made sharp upward spurt, and
In the regular list Cleveland, Cincinnati, Chi
% md tn1fia nd uptnN nm yEnr All
by turns. The general list, however, was quiet
and moved within narrow limits and shows gene
rally Insignificant changes for the day.
THE OPENING HIGHER.
The opening on the execution OF orders acCu-
INFLATED over Sunday was very active and mate
rally higher, the gains over Saturdays prices
reaching ! per cent. In some cases. This
brought out a great deal OF stock, and the ac-
tiyity continued throughout the day, but the de-
mand was urgent and WAS sufficient to keep
prices moving upward steadily throughout tho
session. Chicago Gas, Rock Island, Lackawanna,
Union Pacific, and some Of the specialties led
the list at different times and all scored marked
advances.
THE CLOSE ACTIVE AND STRONG.
The bullsh feeling ran 80 high I'm tho latter
portion Of the day that no concession was 10 be
noted at any time, and the market finally closed
active and strong at highest prices and with the
buoyant tone unimpaired giving promise Of
further advances. The advances Of note include
Wheeling and Lake Erie preferred, rs; Lacka-
wanna, ia; Rock Island, Chicago Gas, and
Lake Shore, each 196; Northwestern, lA; North
em Pacific preferred, Ia; southern Pacific,
rs; Burlington, Pacific Mail, Reading, Union
Pacific and Wheeling, and Lake Erie, each per
cent. and others generally large fractions. The
dealings extended TO 3SS,000 listed and % I'M
listed.
MONEY AND EXCHANGE.
EUentnp-Exchange quiet and steady at 4S6a
4SglS Commercial bills. 4S4lsa4S7A. Money
easy NJ 3a3ls closing offered at 3. Sub-Trea-
sury balances-Coin, s140, 100000: currency,
g. ,OSs, 900. Governments duh but steady; 4
per cents, 1872; 41S's, l0lA. State bonds ne
elected.
a,rncr nrnrAT1nNs