Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-12-03
Nsw.YoRK STOCK MARKET.
singulariy Free from Excitement in View
ofJay GOuld's Death.
nv telegraph 70 the Dlspatch. J

Of JAY GOuld's Death.
[By telegraph TO the Dispstch.l
New YoRK. December 2.-Consldering
the death of the most active manipulation
of campaigns in the stock market, IN the
annals of Wall street, the Stock Exchange
to-day was singularly free from excite
ment. Not only were the fluctuations IN
prices comparatively small, but the volume
of business was less than that often trans
acted when there are no special events or
influences TO stimulate trading. IL has
been claimed all along by certain cOntln-
gent of Wal-street spectators that the
death of Mr.. Gould would throw the mar
ket into q state of panic, or that the mar
ket for securities would at least be vio-
lentlv perturbed. Exactly the contrary
occurred to-day.
BEAR EFFORTS UNAyAILING.
The mqrket wayered for a time and the
bears made several attempts to get prices
TO lower level. but on all the reactions
buying orders appeared for large amounts,
and each decline was followed by higher
quotations than those previously current;
Even the so-called Gould stocks yielded
but slightly. Missouri Pacific ran of IA,
but Western Union. Manhattan, Union
Pacific. and Wabash yielded only trac-
tiOnally and quickly recovered. In the
general list American Sugar declined II,
but as a rule the losses we're small. ms
was all the more surprising because OF the
engagement of Sl,6OO,OOO gold for ship
Inent to Europe by to-morrow's steamers.
Ii was learned subsequently that T20O,OVo
had been withdrawn.
SPECULATION ALMOST BUoYANT.
During the afternoon a much hrmer
feeling prevailed, and as the day drew 10 a
close speculation became almost buoyant.
The inward movement was counteracted
for a period by a heavy selling of Reading
from 1lS 20 59L, supposed 10 be tor the
account of a well-known brewer, now in
volyed IN financial difficulties. The great
feature of the market III late transactions
was New England, which advanced nom
$685. to 49, on reports that the much.
talked-of deal with the Manhattan and
New York and Northern, giving the New
England an entrance into TINS city, was
about to be carried out. Manhattan
Jumped 81 10 l3A. and New York and
Northern preferred 21s TO 25H. Inc re-
mainder Of the list advanced y TO ~, per
cent, with liberal purchases for both long
and short accounts. The Grangers, Chi
caeo Gas, Reading, and Western Union led
the upward movement. The shorts seemed
to be thoroughly alarmed IN the hnal
trading. and some shares Jumeu "a 10 =
per cent. between sales.
THE CLOSE SihONu.
The market closed strong, and on the
advance the sales aggregated $4,000 listed
and $4,000 unlisted shares. The net
changes for the day show an advance OF
\ 10 = peg cent in Atchison, Colorado
Coal. Northwestern. Distillers' and Cattle
Feeding, New York Central, Ontario and
Western, National Cordage. Northern ia.
aifc preferred. Richmond and west
Point, Toledo, Ann Harbor end Northern
Michigan, and Wheeling and Lake Erie
q on Chicago and Wabash preferred; =
IN Burlington and Quincy and Union Pa;
cific; X in Rock Island, st. Paul, and
General Electric; in American Cotton;
Oil. American Sugar, and Louisville anu
Nashville: 2& in Western Union. and 51
in New England. Erie preferred Declined
Is, Missouri Pacific Is. and National Lead.
MONEY AND EXCHANGE
gpsnina.--E Exchange steady at 4s0a4ss. Com
mercal bills. 4Ssl4a4s7Al. Money easy az M tssa
,. sub-rreasury ybaiances-Con. 514.3ii,OuV. /.
currency. s5.S37,O 900. Governments steady
4 per cents, li4Ss. State bonds dulL