Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-08-18
NETWORK STOCK MARKET.

NV YORK, August 1.-THE stock mar-
ket to-day was, especially during the fore
noon, unusually active, o volume OF bust
ness being transacted which has not been
equdlled in months, while most decidedly
strong tone marked the dealings. and
higher prices were attained than for many
day. There was manipulation of the
market for both sides Of the account, but
the bears were not so powerful "a of late.
and their aggressiveness was much reduced,
their operations seeming TO be more with
an object to provide against loss than to
make any money out of the market.
RETURN OF OUTSIDE spEcULAroBs.
One OF the most encouraging signs to
the bulls was the presence of outside spe-
culatOr; IN the street who have been con-
spicuous by their absence for SO long a
time, and the purchases by commission
people for their customers were larger
than ut any previous time this year. The
bulls who bought last week were liberal
reallzers on the advance. but the new buy
ing was Of such magnitude that 1t not
only sustained the market against these
sales but steadily advanced prices. and
the larger bull combinations. of which it
Is known there are now several, gave no
sign of a desire to liquidate at this early
stage OF the game. Such considerations as
the Union Pacific Imbroglio had no weight
whatever and attention was given only TO
the very fiattering prospects of the
industrial and agricultural situation. The
heavy upward movement in grain, which
may have the effect Of checking the export
movement and 60 delaying II not entirely
postpOnlng the return flow of gold. was OF
little influence. and the upward movement
IN prices continued almost uninterrupted.
while after the heavy opening advances
there were few specially sharp gains.
Atchison was given the greater proml-
hence IN the dealings, but the business
done was well distributed among the lead
Ing active shares aud the gains as a rule were
quito uniform. though few stocks, such
as Union Pacific. Missouri Pacific, and
Chicago gas. were sluggish and failed to
keep pace with the remainder.
THE DAYS NEWS ENCOURAGING.
The news OF the day was most favorable
and of the same general tenor as that we
have received for the last week both from
dOmes ic sources and from abroad. Lon
don came higher this morning and London
buying orders were in the market which.
with the unusual demand from the COM
mission people. caused decidedly strong
opening, first sales being made az from a
10 o. per cent. advance on Saturdays tnal
figures. while Rock Island was up T..
Louisville and Northwestern each -. and
New York Central l per cent. Rock Island
reacted from its high plane but afterward
recovered portion of its early loss. and
Union Pacific and Missouri Pacific were
sluggish throughout. The rest of the list.
however, steadily advanced throughout
the day, the upward movement meeting
with few set-backs. and those OF slight I'M
portance, while special stocks like Illinois
Central. Louisville and Nashville. Erie,
and some others scored handsome gains.
The trading in the main presented few
special features, everything sharing III the
general strength and the last prices were
generally the best of the day.
THE CLOSE ACTIVE AND STRONG.
The market closed active and strong at
or near the highest figures. The active
stocks are invariably higher this evening"
and Louisville rose 81, Rock Island and
Cleveland. Cincinnati, Chicago and St.
Louis each "a, Burlington and Tennessee
Coal each per cent, Canadian Southern
1s4al%, AtchisOn ~, St. Paul Ia, Pacific
Mail Is, Southern Pacific II, Northern
Pacific preferred -. and Lac kawanna,
Sales listed. 3i9, 900; unlisted 5000.
MONEY AND EXCHANGE.
Erening.-Exchange quiet and dull at
4si ia4SGj5. Commercial bills. 4S3aiSj.
Money easy at 2a3. closing offered al O..
Suh-Treasurv balances-Coin. S92, 2Oi goo ;
currency, S27. gi00Ju. Governments dull
but steady: per cents. 1864 ; AS, zoos.
State honda dull but steady