Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-10-02
NEW Work STOCK MARKET.

NKw YORK, October 1.-The stock market
was almost from opening TO close IN the
control Of the bears, but the forces OF the
depression were not enough IN iegiti-
mate way to accomplish the object de-
sired and there was again recourse To the
old and despicable means OF circulating
rumors affecting the standing OF some OF
the well-known houses on the street.
These rumors. 1t is hardly necessary TO
say, again proved to have no foundation
in fact. Mr.. Gould was also reported 10
have had an apopleptic fit, but
at the time he was perfectly
well and able to eat his dinner at
Broadway restaurant. London was
limited buyer in the early trading to-day
but there was heavy outpouring OF stock
in Missouri Pacific, Rock Island, Burling-
ton and Quincy. and Atchison, and 1t
seemed to come largely from the firms
representing the Cammack interest. though
there WAS undoubtedly considerable
liquidation in those stocks As well a.
Others for both sides Of the account during
the day. That the operations of the lasf
few days have largely increased the short
interest is shown by the actual borrowing
demand for all the prominent stocks.
oPRSING PRICES ONLY SLIGHTLY CHANGED. 4
The market opened this morning with
prices generally only slightly changed
from those of last evening, but Missouri
Pacific at 5slE was down IL per cent.
and the pressure in the stock was very
heavy. 80 that while there was short
rally in the first few minutes its price
after that time rapidly declined and was
only checked at 5i$. in the last hour. Inc
effect upon tho general list was not Tor
some time perceptible, but the attacks on
| the leading shares soon showed IN the
Welding quotations. the Changers being
sold for western account and follow
| ing the lead comparatively closely:
Prices. however. were fairly well
held until late in the day, when
| a report that Rock Island intended to
issue $40. 900. 900 debenture bonds was put
In circulation, while a vigorous drive was
made at all the leading shares. especially
Rock Island. Burlington, and Atchison.
The result was that the declines IN the
last forty-fve minutes were equal in those
shares TO the 10 seq for the rest of the day.
There was evidence Of an attempt to cover
on the drop. and the volume of business
WAS very large right up to the close, whiio
"A slight rally IN prices occurred IN the last
few minutes.
THE CLOSE WEAK AND ACTIVE.
The close WIGS weak and active at the
| lowest prices of the day in most stocks.
There were very few features outside OF
| the stocks mentioned. but the strength IN
| New York SusquehGnna. and western
| preferred was again noticeable, the dec!ara,
| ton Of dividend enabling it TO withstand
the declining tendency Of the rest Of th'
market. The low-priced shares, "a rule
were quite neglected. although there was
! n large number of them traded III. Salei
OF listed stocks, i57 900 shares; Of unlisted
! 5000.
MONEY AND EXCHANGE.
Erening.- Exchange active and steady
| Commercial bills. 40. .aislf4. None
casv at 5a7. CLOSING offered at +. Hum
/ Treasury Ualances-Coin. ! 1.3i000 cur
repcy. -l4.i4,0Ji. Governments dull gu
steady; per cents, IL. State bonds dul
anu fcaturcless.