Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-08-27
NETWORK STOCK MARKET.

NEW YORK. August 26.-The stock mar
ket was again active and strong to-day,
making substantial progress toward higher
figures in all portions OF the list, and ct
times buoyant tone to the dealings.
The feature Of the last two days dealings
has been the evident disposition to take
W the most promising Of the low-priced
shares, and while few Of these have been
forced to higher figures than the times
warrant, all have been placed apparently
upon permanently higher level. The
money situation seems to be secure as far
as can be foreseen, and with the surplus
now in the banks and the disbursements
| OF the Government, including the pay
ment Of the ~ per cents. 10 be redeemed,
| there is little likelihood of a squeeze IN
money Tor some time to come. In to-day's
market, however, the Changers were again
| in the first place as far as activity goes and
| the realzations assumed large proper
| tions. induced by the high figures towhich
| they had attained, while the efforts OF the
bears to force reaction Of substantial
| proportions aided in weakening the en-
tire list during the afternoon.
FOREIGN PURCHASES.
| The foreign purchases were the feature
| OF the fUronoon's business. and while real
izations were even then heavy. the impress
! sion made upon prices was measured 10y
small fractions only. and a full and free re-
covery took place under the urgent de-
mand for stocks. London prices this
morning were materially better than ours
| OF last evening. and the early demand
made an active and decidedly strong open
| ing; and while the pressure to sell was
sufficient to force q reaction to the level or
the opening figures, prices could not be
| kept down, and later marked advances
| were made in some stocks. Union Pacific
was conspicuous for its steady strength
| throughout the day. The realizations were
heaviest in the corn roads, and as the Chi-
cago people are engaged IN great grain
| deal at present, the Changers are lett more
| to themselves than of late. and Therefore
suffered more bear pressure than the re-
! mainder of the list. Lead, owing to the
uncertainty of the outcome OF tomorrow
| meeting. dropped away l per cent; but
the Gould stocks were remarkably strong.
and not only Missouri Pacific but Wabash
preferred showed material gains through
the day.
LARGE GAINS SCORED.
| Among the low-priced shares there was a
setback in the Minneapolis and 1t. Louis
shares. but the Chesapeake and Ohios and
some other specialties scored large gains
on comparatively largo transactions fol
those stocks. The demand. especially foi
the foreigners, tell away when well into
the afternoon and prices dropped, many
stocks losing nearly all the early gam anc
in some cases even something in addition
The final dealings, however, again de
veloped considerable strength IN the lis
and the market finally closed fairly active
and firm at only slight changes for the day
in most cases, while Union Pacific Is III
~ and Wabash preferred per cent. Sales
3l6, 900 shares listed: unlisted, l2,0c0 shares
MONEY AND EXCHANGE
Ercning.- Exchange quiet and steady a
4sislS635. Commercial bills, iS2l%aisi]9
Money easy at 2lla3. closing offered a
IL. SUB Treasury palances-Coin. S96,
$50. OOO currency. S2y,z77.O0O. Govern
ments dull but firm: 4 per cents. llIt@
AS. 1907. State bonds entirely ne
elected.