Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-11-02
NEW YORK STOCK MARKET

NEW YORK STOCK MARKET.
NEW YORK. November 1.-The stock marke,
was much loss active to-day. the sales footing up
100000 shares Of listed and $4,000 OF unlisted
stocks. The fluctuations we're also less import
ant than usual OF late, the changes for the hay
in majority Of instances being only J. to Il per
cent. either way. Generally speaking the
market was higher In the early trading and
lower during the afternoon with, however. a
partial recovery at the close.
DIsTIILISG LEAFS.
Distiling and Cattle Feeding led the list In
point OF activity. The stock opened " higher
Mt 67l6, declined TO 1854, and rallied to 06I4c.
II was reported on excellent authority late IN
the day that tho company hal acquired control
OF the opposition distilleries at the West and
that the directors had gone west 20 ratlfy the
agreements. IL IL also asserted That formal
announcement Of the deal will be made within
few days. On this news 1ls per cent. was
freely bid tor the next quarterly dividend on the
stock.
SUGAR ASD TOBACCO.
American Sugar was taken 10 hand and adj
vanccd from ll05S 10 li2ll, and some Of the
shorts were frigh ened into covering by the told
ness Of the buying. Chicago Gas sold up TO 93ls,
the highest point ever attained, and subsequent
IL reacted 10 A4Aap4aS. American Tobacco
Jumped from l23 TO 1928, and closed at 100.
American COtton-Oil and National Lead ruled
railroa Is the Changers ana trunk line shares
were In brisk request early In the day, but after
wards lost the improvement. New YORK Gen.
trail was a marked exception, rising lls 20
lllh, and closing Mt the top notch. Reading
and Northern Pacific preferred we're feyerish,
and New York and New England weak. The
last-named declined from 46;s to -, and closed
at 4jas.
FURRY IL MONEY.
The furry In money which carrie the rate for
call loans up 20 q per cent was used against the
market, but with comparatively little efec', be-
cause IL is we'll known that the money called in
On account of the November Interest and diyi-
dend disbursements will speedily find it, way
back into general circulation. The bears ere
discouuting a probable advance IN the Bank Of
England rate ON Thursday from 3 TO per cent,
hut, according to adyiCes received by leading
bankers, II any change Is made II will be On the
basis OF ~ per cent.
WESTERN UNION.
Western Union ruled quiet at oslSa0sfs.
closing at the former ngure-the same 40 ola
Monday. The directors. al their meeting to-day,
postponed action IN the matter Of distributing the
rev STOCK until thursday, November tOth next
IN order 70 'onp,y with ceftlin legal formalites.
II il generally conceded that the stockholders
will receive 10 per cent OF the now stock.
NORFOLK AND WESTERN.
Hooking Valley moved up about point on a
report that a contract has been concluded be-
tween The road aud the Norfolk and Weste n,
whereby the Hooking Valley will haul 5000
tons or more Of Pocahoutas coal daily 20 Toledo.
The market closed quiet and generally weak.
MONEY AND EXCHANGES.
Bvsnn7.- Exchange firm at 4s3ls. Com.
mercial bills. +S3l6a4S5A. Money firmer ~
Ja6. closing offered at q. Sub-rreasurg bal.
ances-Coin, SSj,031, 900; currency. S0.4I3,-
600. Governments weaker; per cents, lI4,i.
state Donds quiee