Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-01-31
NEW Work STOCK MARKET.

NGW rOflN 81 WIN NTNNNS "
NBw YORK, January sl-Whils the death Of
Secretary Window produced genuine sorrow in
Wall street to-day Il had no apparent influence
upon speculation and can have no effect upon
the financial situation, as the Government Is
engaged at present in routine business only.
The shelving Of the free-coinage bill has given
some impetus TO the market but operators are
still waiting for Developments in regard to the
western railroad situation and are not inclined
TO trust their money In new speculative enter
prises until after the adjournment Of Congress-
THE MARKET BROADER.
The market, however, at least during the
morning hours to-day, was broader and stronger
than usual of late, 10 which tue utteTapces Oh
Secretary Window last evening aided. but there
was sgan an evident support given In the
Gould stocks and Vanderblts, Lake Shore being
specially prominent In the rise, being helped ~
rumors Of increasing earnings There was at
the same time excellent buying OF Union "a
cinc, Missouri Pacific and Wheeling and Lake
Brie, all of which were conspicuous for advances
scored in the early dealings
CUTTING OFF WEAK STOCKS.
The market shows from day 10 day an evident
dis position 70 cut away from such Stocks as Hit
nois Central, Rock Island, and Chicago Burling-
ton and Quincy, which are persistently weak,
and whose business Ia suffering from the snort
age in last years corn crop. Burlington. in fact
continues to be the weakest spot In the market
and while there Is some buying In IT, the traders
and besrs have made IL a fayorite for their a.
tacks. Northern Pacific became very weak late
ia the day. and this In spite OF the publication
OF a dispatch which declared that had been de-
cided TO make the next dividend at the rate OF :
per cent per annum. The story had 80 much
the appearance Of being put out 70 sell STOCK
| upon that there WAS rush 70 realize on profits
OF the late rise, and material loss resulted IN
the short tune remaining to do business in.
BEARIsH RUMoRs.
This decline was also hastened by rumOrs thai
| by reason OF large Treasury sbsorpttons during
the week the bank statement would show ma
| terial loss IN reserve. This, however, could be
| easily wlthstOod, ss the banks have been unable
| to place even portion OF the funds which have
accumulated in their vaults for the past foul
Weeke
The market opened at irregular but small
| changes from Last nights figures and soon de
yeloped strength on tho buying noticed, Londor
| giving some aid IN this direction.
CONSIDERABLE ACTIVITY
roArked the inward movement. hut the demand
was soon satisfied and prices dropped, wher
| dulness became the leading feature. stagna
4 ton ruled during the frst two afternoon hours
aud il was only late In the day with selling o.
! Northern Pacific and Union Pacific and buy
| ing Of new sugar stock that any animation wa
| again asen. The close was quie but weak at In
| sipnincsrt changes for most stocks. sales listed
| Isl, 900 shares; unlisted, 5000.
MONEY AND EXCHANGE.
| Trenfno.-Bxchsnge dull and easier at 49,
| A9S Commercial bills, 50. Money easy at 2a4
| last loan at2k closing offered at2. sub-Trea
| sury balsnces-cOin, fi5i,iNOJO; currency
| f6,S72OOO. Governments dun and steady pc
cents. 10; 4H's, 100 state bonds dull ana lea
| tureless.