Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-01-13
EXCITEMENT IN SUGAR.
Tho Stock on the Now York Exchange
Given Jump--Silver Also Active.
IRE teIegranh 70 the DjsDatch1

tBy telegraph 10 tue Disphco.l
New York, January 12.-The stock mar
keI was quite active to-day and furnished
more excitement than on any day since the
great break in November. and while the first
tendency of prices was upward there was
a natural rejection toward the closeS Con-
sidering the material advance which the
market has had since the first of the year,
which has been practically without SET
back of any kind, there was widespread
sentiment that reaction WASH order, and
to-day it came, the bulls seeming rather to
favor il than TO oppose II, probably. under
the idea tnat it would bring in fresh buy
ing and give increased breadth to the mar
ket.
GUoAR JUMPS.
Dealings in the general list. however,
were completely overshadowed by those in
sugar-refineries, which were given jump
upon the short interest for completion OF
the reorganization and the prospective
payment of per cent. in cash, which is
called the deferred dividend. There was
an extremely large and excited crowd
gathered in the Stock Exchange this morn
ing and at the sound of the gayel q scene
of the widest excitement ensued, large
orders having been placed in the market
TO buy white
BROKERS CLIMB OVER EACH OTHER.
The shorts fairly climbed over each other
10 recoup their contracts. The stock had
closed Saturday at 70%, and the first sale
recorded this morning was at "a, wnlle
higher quotations were made on dlneTeht
sides of the crowd at the same time. Inc
demand was 80 great, however, that ol3
was reached before this demand was salts
fed and the price then rejected to 7S, Where
it was maintained for the rest of the day.
THE GENERAL LIST OFF.
In the general list there was the same
taking of profits which in the afternoon
forced the list off, and while there were a
few specially strong spots, such as Chicago
gas, Northern Pacific, Missouri Paclhc. ana
silver certificates, the Grangers were weak,
Atchison and Rock Island in particular,
and fackawanna also tailed behind the
rest of the list.
GAINS WIPED OUT.
The early gains were all wiped out,
though on O squirt in Chicago gas IN the
afternoon on rumors of new bull p0ol III
the stock and large probable dividend q
rise of nearly per cent was scored, Dut
realizations afterward wiped out the
greater portion of this improvement.
SILVER ACTIVE AND STRONG.
Silver certificates were more active than
for n long time and decidedly strong. ad-
vices from Washington giving encourage
ment to those who are hoping for WIDER
use of the metal. The general list pre-.
sented no special feature whatever, but
slowly sagged off during the afternoon,
and the market finally closed active. but
heavy at or near the lowest prices of the
day. and only slightly changed from. tn,
finals of Saturday. The sales of listed
stock aggregated $4,000 shares; OF un-
listed, $1,000.
MONEY AND EXCHANGE.
Frenino-Bxchange quiet and weaker at aS3ko
az 9ai Closing offered at g. Sub-Treasury bal
ancss-Coin, sl49,olSOOO; currency, &,SO3,0O
Governments dull but steady: 4 per cents, l|V;
| 4his, lOsA. State bonds dull and fea1ureless'