Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-04-07
Mean temperature. ..........".
NEW YnRK sInck MARkEr.

NEW YORK, April 6.--1he stock market today
underwent a sudden change In its character, ana
from tho dulness and Ilstiessness OF the past
two weeks there was a Jump into activity ana
decided strength, which was n most welcome
relief TO the street after ts long staSnation. AZ
result ofthe operations Of the day almost every
thing traded In shows material improvement
over last weeks figures. The feeling on the
street this morning was pronounoedly upon the
| bull side, and even the traders were seemingly
| to a man enlisted on that side OF tho market,
while spectators who have held their stocks
| through che long depression In business we're a.
| sanguine as over.
CHICAGO STOCKS LEAD UPWARD.
The stimulating influence, however, undoubt-
1 eddy came from Chicago, aud the stocks In which
| that centre y interested took tho lead IN the
early rise, while outstripping everything else IN
| the amount Of business recorded, Chicago gas
was the prime fayorite, but Burlington ana Rock
Island were not far behind and sc. Paul, Atchi-
| son, and Union Pacific followed closely. The
1 only stocks other than these which attained any
| prominence during the day were sugar. New
| England and COrdage.
WHAT THE Squirt MEANS.
The new movement on the part Of the Chicago
people may Indicate that the time has como, IN
their opinion, % bull stocks, owing principally 90
| the adjournment OF the western Legislatures
| or il may mean that the speculation In cereals
has eliminated and the capital which has been
| SO long locked up in those deals u now froe 10
| seek other channels Of profit. However this may
/ be. there IA no question but that the advance
to-day was due 20 buying for the long account,
| and the market having resisted ~ strenuously
| all the depressing influences OF the past Few
| months, a following among local operators WIN
1 not be hard 10 accumulate.
THE EUROPEAN SITUATION WITHOUT TERRoRs.
| The financial situation on tho other side IL NOT
| all that could be desired, but IL has ceased Il
have any terrOrs for Americans, and the low
state OF the reserve Of tho Bank Of England Is nc
deterrent. There were only two really weak
1 spots In the market to-day-Illlnois Central and
/ Great Northern preferred; but the latter made
| no recovery, white the former Joined the Other
| Changers and recovered handsomely, while show
| ing no gain for the day. The Northern Pacincs
were also rather sluggish and fniled TO maintain
| the level u the opening figures, though shell
losses were insignificant except as In contrast
| with the rest Of the market. The general list
| however, after firm opening, followed the lead
ers and showed small advances for the day.
THE CLOSE ACTIVE AND STRONG.
There was evidence OF heavy realizing sales n
| the first and last hours, and the latter caused
| some concession In many stocks from the highes
| OF the day, but the market closed active allt
| strong at or near the best figures. The tredinl
| was larger than for many weeks. Tho hnal ad
| vauces Of note include Sugar, 3l4 Burlington
| 23i; Rock Island, lai; Chicago Gas, lhi Cleye
| land, Cincinnati and 80. Louis, and Colorado
Coal each, IA; New England, lA; 81. Paul
IA Manhattan, rs and Northwestern, l pei
cent. Sales Of listed stocks, 900 shares anC
OF unlisted 10000 shares.
MONEY AND EXCHANGE.
EceniRg.-Exchange quiet aud trm at tS6lsf
| 4s9. Commercial bills, S616aS7M. MOnel
| easy AT 2lsaJlS, closing 3a3ls Sub-freasurl
| balances - Coin, sl47, 30S,000: currency
| s7,7II, 900. Governments dull but steady; I
per cents, 122; AS, l02. State bonds dull
| and fcatureless.