Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-10-26
NEW YORK STOCK MARKET

NEW YORK. October 25--'rhe dealings
In railway and miscellaneous securities
at the Stock Exchange to-day were larger
than for any one day since the recent panic.
The total sales OF stocks were 5o4S4
shares. while the transactions In bonds
aggregated $250i,00o The market vas
buoyant at intervals, and the gain IN
prices In many instances were quite i'm
portant. Commission-house for the first
time In months were In receipt Of out-of-
town orders. and the execution of these
stimulated the upward movements The
change Of affairs at Washington In the
matter of the siver-repeal bill and the
increased railroad earnings reported for
the third week OF the month of October
by the st! Paul. Kansas and Texas end
Texas Pacific account for the revival
of things I'm the market.
1t would be absurd to claim that the adj
vance I'm prices during the past few days
has been entirely due TO purchases for
outside account. nor would II do TO ignore
the part the buying for thepurpose OF
covering short contracts has played in
the rise. Shrewd observers on the board
claim that the jump In Rock Island to 70
Just at the close was the result OF efforts
to cover an outstanding short contract,
and II is also alleged that the rise In other
Changers can be traced to the same
source. 1t Is said that tomorrow will
witness some lively movements In the
stocks named. "a the shares have been
favoring the bears for n month or more
past. The rise to-day In Rock Island was
not enjoyed by this fraternity.
There were number OF reactions during
the session. but each decline only served
to bring In fresh buying orders and at
the close the market was strong Lacka-
cent. net. Delaware and Hudson eained
2h per cent, while Reading closed ~
per cent. higher, after selling within. a
fraction OF q. The latter was In brisk
matter had been disposed Of for the
next ninety days. at least, but members
OF the syndicate refused to talk about
the matter. In the Grangers. Rock islnn
a; Northwestern. 2M; st, Paul, rs. ard
Chicago and Eastern Illinois preferred.
2. The Vanderbilts moved up anywhere
from 12N2 per cent, Michigan Central
leading.
The tranlng was heavy. fully 5000
shares changing hands. and the activity
was ascribed to an operator carried Gown
by the Cordage collapse. Manhattan seld
In the lndustrials, Sugar opened, ~
f02ib, and closed 103N The preferred
ranged from s24G94 The reported ulimi-
nation of the short interest was not borne
out by the course of the stock to-day.
Whiskey closed unchanged at 32lS. after
selling at 32G33ss. General Electric took
a sudden jump OF sN per cent, to fyh.
cage Gas touched @i,s; Lead, 2sit.
Among the specialties, the. Louisville
New Albany and Chicago preferred stock
was traded in at 3sfp45GI42h: Pullman Pal
ace rose "a, Edison Illuminating. yh
American Gable. 2N: Baltimore and Ohio
| 27s Pittsburg. Cincinnati, Chicago and
la lake e0f ETIe preferred preferred, Y and American
| District Telegraph. s. The last named
was strengthened by the announcement
| that the company will resume regular
| dividend payments tomorrow.
The market closed strong In tone. Sales
| listed, 1885, unlisted, 1900.
| Treasury balances: Coin, S5,s56.ooo; cur
rency. $l2,6sl.OOo
MONEY AND EXCHANGE.
Money on call has been easy. ranging
| from ~ to q laet loan at ~. and CLOSING
offered at ~ per cent. Prime mercantile
| paper, 6fiS per cent.
Bar silver. 72H Mexican dollars. 5s&
1 Silver at the Stock Exchange was neg
| lected.
| business IN banFers' bills at ASh for
| sixty days. and SiS dIs3ia for demand
| Posted rates. 81 SlisGiSi: commercial bills
| 81 sOik for sixty days and A2A for de-
| mand
Government bonds steady. state bonds
| dull. Railroad bends steady.
STOCK QUOTATIONS.