Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-09-01
THE OPENING ExcrrYD.


whole vas very strong and the final changes
among leading shares are all in the up
ward direction.
THE OPENING EXCITED.
The opening this morning was attended
by considerable excitement. the buying
for both foreign and commission houses
being something largely in excess of that
in the previous days on which the present
rise has taken place, but the trading ele-
ment, which has been looking and work
ing for "a material reaction largely for the
purpose of buving stocks previously sold
out, made a vigorous effort TO get prices
down. while the buyers OF last week were
to large extent disposed to realize on the
profits already accrued from the improve
ment on prices during that time.
TaR TRADING ENORMOUS.
The supply of stock for sale, therefore.
vas very large and the trading during the
first hour was enormous-somethinR IN
the neigh borhood of 20J, 900 shares while
the feverishness of the market under the
excitement and the magnitude OF the con-
tending forces were something unusual.
The sellers for time had rather the bet
ter Of it, and in almost all the leading
shares there was a fractional recession
from the prices established at the open
ing, which were In general fractions bet
ter than those of Saturday afternoon.
The activity reached all portions OF the
list, but the Changers again held the first
| place. followed by the Coalers and the
Southwesterns. The selling pressure was
gradually relaxed, however. and prices
began TO advance materially here and
| there. but 1t was not until well into the
afternoon that the improving tendency
reached all portions Of the list. Many OF
| the leading stocks made sharp gains at
| this time, Lackawanna. st. Paul. Burning
ton, Chicago Gas, Rock Island. and Read
| ing following each other. The rest of the
list shared fully in the improvement. how
ever, and the dealings extended to an un-
precedentedly large number OF stocks,
pretty near all the wildcats OF the list be-
| ing brought out and traded in to limited
extent.
GOLD FOR IMPORT.
The best prices we're not fully maintain
| ed IN all cases, but several circumstances
account for this, among which was the re-
| port that one Of the foreign houses had
| ordered 5000, 900 gold for import from the
other side. The very favorable advices
| from the weather bureau IN regard to the
growing crops completely laid the frost
| scare and caused a reaction in opinion on
| that head The reports of earnings were
| also almost all of an encouraging nature
!
| offerings Of stocks for sale became smaller
as the day wore along. Many sharp ad
vances were scored among the speclaltles
and the inactive stocks, but the improve
ment in Wheeling and Lake Erie share:
was one of the features of the early deal
ings, the advantage being held to the end
! The industrials were in no manner promi
nent except for the weakness IN Cordsgeir
| the late trading
| THE CLOSE ACTIVE AND STRONG.
The market finally closed active anc
| strong at OF about the highest prices o.
| the day, and materially higher than las
week. The final gains of Importance in
clude Sugar ~. Rock Island ~, Chicago
Gas IA Burlington 1ss, st. Paul 2hs, Lack
awanna, Missouri Pacific, and Wheeling
and Lake Erie each ~. Reading ", Unior
| Pacific 2, and Wheeling and Lake Erie pre-
ferred III. Sales of listed stocks, 6le,O
| shares; unlisted, $1,000 shares.
| MONEY AND EXCHANGE.
Ereninq.-E Exchange active and weak a
| 4s3IsaiS5l1. Commercial bills. 48l1Ea4SSA
| Money easy at 2lfa6. closing offered al 4
| Sur-Treasurv Dalances-Coin. 800, 749,0lS
currency, S29, 4gy.i9S. Governments dul
and strong; per cents, us; AS, l0l1s
| State bonds dull and steady.