Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-10-06
NEW WORK STOCK MARKET.

NEW York, October 5.-The stock mar
ket to-day exhibited heavy tone under
the persistent hammering to which 1t was
subjected by the room traders, who seemed
to think that because of the decided rise
which has taken place between Friday
and this morning there should be chance
to reap some immodiate profits by turn
IN prices. The confidence in the future
Of the market. however. proved to be such
that new buyers came in at every decline,
and the downward movement which pre-
vailed during most OF the afternoon was
slow and the net losses in almost all cases
are insignificant.
ROW 1T II VIEWED.
The decided strength shown by the
Vanderbilt properties Is looked upon as
sure indication hat powerful interest mas
returned 10 the street and working for n
better market. The day was one OF little
OF no excitement. and no news Of char
acter to cause any movement either way
was developed. and the movements oi
prices were entirely the result OF the
efforts Of the opposing factions IN
the street. Throughout the day,
however, tho market seemed TO he
developing ~ 1t did before the last
great rise, by showing greater breadth as
prices advanced. There was only one
conspicuous weak point in the list-Unlon
Pacltic--and the loss for the day in that
was fraction only. while Rock Island and
several Of the speclalties were very strong,
especially during the forenoon. Lake
Shore " heelng and Lake Erie, bOth COM
mon and preferred. and Chicago, Burning
ton and Quincy showed marked strength
throughout the greater portion OF the day.
HEAVY DEMAND FOR STOCKS.
The demand for stocks was very heavy
at the opening and the pressure to sell
from both short sellers and reallzatlOns
met resistance which resulted III the adj
vancing of quotations during the first hour
of from y to ! a per cent, Missouri iaclnc
and Lake Shore among the active stocks
and tennessee Coal among the low
priced shares leading IN the move,
ment which, however. came 10 an end
when the early demand WAS satisfied. A
reaction was followed 10y another reaction
in the upward direction. Rock Island.
Atchison. and the Wizards being most
prominent for strength. but the trad ng
then lost all character. and during the
forenoon prices settled down slowly with
out special movement in anything outside
of Union Pacific and no special feature
marked the dealings for the remainder
If the day. Rock Island continued &
lead the list in strength. but it, too, gave
way finally and lost most of Its improve
ment The traders did most OF the sell
ing. however. and kept the market unset
tied throughout the afternoon. The market
finally closed only fairly active and heavy
TO weak generally at about the lowest
prices. The final changes. however, are
almost all for small fractions and show
great irregu,aritv. while IN advance Of Is
per cent. III tennessee Coal IS more than
offset by losses of IL III Union Pacific
and per cent. IN Northern Pacific pre-
ferred Sales-Listed stocks to-day. 49,
600 unlisted, 10000 shares.
NOSET AND EXCHANGE.
Erenin5. Exchange quiet and heavy ut
4S04a43l. Commerclai bills. 47a4 a4s213.
Money easy at gao. closing olfer.d at
%. SUB Treasury Oalances-Coin. $780,.
0Sf geo currency. Sll.Os4,0Oj. Govern
ments dull but steady; 4 per cents. IL.
State bonds dull Uut steady.
STOCK QUOTATIONS.