Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-04-14
Mean temperature. ........-.......
NEW WORK STOCK MARKET.

NEW YORK, April 13.--The stock market to-
day gave further evidence OF its inherent
strength, and advancing smartly on good news
Il was well held up on bad developments. The
bank statement OF Saturday was an encouraging
item 90 the bulls and renewed encouragement
was taken from the manner in which the market
had resisted all attempts to bring about reaction,
while the failure to come true OF the prediction
Of the bears that the minimum rate OF discount
Of the Bank Of England would be raised this
morning and advices that the gold engaged
from London for shipment 20 Germany would
not be taken caused lively demand In the
early trading for all sorts Of stocks, although
those in which the short interest was largest, In
Guiding Sc. Paul, Burlington, and Chicago Gas,
felt the movement more than the rest. The
bears had banked heavily on adverse action
in London, and the mi1carrying Of their pro-
gramme arranged for that gave them a sharp
setback. London was also buyer In the early
trading, while the West took the Grangersegain
and many specialtles scored handsome gains,
the Wabashes being very prominent.
BEST PRICES MAINTAINED.
The leading bull interest was also evidently
supporting the market, and all through the fore
noon, after the upward movement had culmt-
mated, tho best prices were fully maintained.
taken from here, and the announcement Of this
fact again gave the reactionists chance 10 ham,
mer the list and the temper of dealings under
went a change, the bulls evidently holding OF
for developments, while the bears were inclined
TO press their advantage, and the activity, such
as II was, Of the afternoon was always accom-
panied by declining hgures.
THE ADVANCES WIPED OUT.
All the early advances OF note were wiped out
and the sluggish stocks, such as Northern Pa
cifc preferred and Cleveland, Cincinnati, Chi
cagO and 50. Louis, with some others, scored ma
terial losses before the downward movement was
checked, when dulness became the leading fea-
ture Of the market. The bears, however, con-
tinued ~ hammer the market throughout the
session, and the activity was not what it had
been In the early trading until Just before the
close, when the downward movement was great
est. The weakness was most apparent In North
ern Pacific preferred, Missouri Pacific, and the
Changers throughout. The indnstriais sud spe-
cinlties were not far behind, and not only wero
the mornings gains lost but fractions In addi-
ton all along the line.
THE CLOSE ACTIVE But WEAK.
Tho close was active but weak at tho lowest
points In almost everything traded In. The
lead In dealings was maintained throughout by
SC. Paul, Burlington and Atchlson. The dual
changes are irregular and In all cases for frac-
tiOnal amounts, except In Northern Pacific pre-
ferrod, which Is down Ia per cent, though the
losses are by far the more numerous. Sales OF
listed stocks, $4,000 shares, aud Of unlisted
stocks, 10000 shares.
MONEY AND EXCHANGE
Erening-Ezchange quiet and barely steady
at 4S7a4S916 Commercial bills, 4S41ea4S7.
Money easy NJ SABA, closing offered M 3. Sub
Treasury balances-COin, Sl43,09S,O 900: cur
rency, 81, 5S1 900. Governments duh and easier
4 per cents, l2l&; AIS, l0l34. State bonds
dull featureless.