Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-11-04
TIE wzATBER IN RICHMOND YxsrERDAr
was cloudy and considerably warmer.
The skies were clear at midnight.
State OF thermometer
Mean temperature. ...................e
NEW YORK sTocx MARKET.

NEW YORK STOCK MARKET.
NEW YORK, November s.-The Stock
Market started of quite firm under the
leadership OF Louisville and Nashville
and Lackawanna, the former having
risen IL. to sou. and the latter 8, to I75.
The strength OF Louisville and Nashville
was ascribed to foreign buying. London
and the Continent appeared to be more
favorably impressed with the acquisi-
ton OF the Chesapeake, Ohio and South
western by the Louisville and Nashville.
In connection with the Illinois Central,
than II was yesterday. Lackawanna
moved up on the execution OF buying
orders for moderate amounts Since the
vanderbilts becams interested in the
road the stock has responded quickly TO
purchases.
The firmness OF the general list was
short-lived, however. for soon after the
opening the bears resumed their tactics
against the high-priced Changers. Bur-
| lington and Quincy was the special object
of attack. Pending official action upon
the dividend question. the bears are put
| ting out contracts. and as there is no
buying power to offset their sales, the
stock Is gradually settling down to a
lower basis. Rock Island Is also ia
vorite with the shorts just at present,
and to-day sold down ga per cent.
The argument advanced by the sellers
OF the Changers Is that the roads are
about to enter into cloud OF lean earn
| ings. The st. Paul. however. reported
its earnings for the fourth week OF Oc-
| tober to-day, and showed n gain OF $50.
| 900 over the corresponding period of 1892,
when the receipts were considered phe-
nomenal still the bears have the whip
| hand for the moment. and they are grad
! ually shaking out long stock held by
| spectators VINO were sure that the pas
| sage OF the silver repeal-bill would start
up boom at the Stock Exchange
After midday some OF the smaller
| traders accepted profits on the short side.
and a rally of 4 to Ia per cent. ensued.
1t was noticeable that when prices i'm.
shortly before o'clock when this pur-
| chasing power was exhausted. a drive
was made against Chicago Gas, General
Electric. ST. Paul. and Western Union,
yet reached Chicago Gas broke To go
loss OF "a for the day, and other heaSy
declines We're Burlington and Quincy,
2As; Rock Island. "a; ST. Paul, IA: Read
last hour there was another rally, due
| to covering OF short contracts. and the
market left OF steady.
The losses for the dey are equal to Ma
per cent, Chicago Gas leading. Louis,
| VILE and Nashville. New England Bur.
| lington and Quincy, Union Pacific, Read,
ing Distillers. and Cotton OH gained
| "A TO per cent. for the day, The sales
| OF stocks were $4,000 shares.
Treasury balances: Coin, $751; 1000; cur.
rency, N7.55s.Ooo
| MONEY AND EXCHANGE.
Money on call easy. ranging from lita
2, last loan at ~. and closing offered al
~ per cent: prime mercantile paper
5fI6 per cent.
Bar silver, 60. Silver at the Stock Elk
change was neglected.
Sterling exchange steady, with actua
business In bankers bills, N.s044Ttsi fo
sixty days, and a. s3lsfi4 ssa. for demand
posted rates, ASliaqtS2la; commercial
demand.
Government bonds steady. State bond
dull Railroad bonds lower
| STnNK nIrOT ATIONQ