Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-11-28
The WEATHER IN RICHMOND YESTERDAY
was cloudy in the morning and afternoon
and rainy at night.
The skies were clear at midnight.
Mean temperature. 40 /
NEW YORK STOCK MARKET.
Iut SkIFo WtIt CItt8 Nv III
Sfata of tharmOmQtar.


NEW YORK, November H.-The recon-
mendations of the Ways and Means Com
mIttee on the proposed tariff bill demon
allied the market for the Industrial stocks
to-day. Prices broke badly. and the trad
ing in these issues reached the enormous
total Of 2O3,37s shares, of which tis.s52
were American Sugar. This stock also
led In point OF decline, falling from 92S
to SA. The proposed reduction In the
duty on refined sugar from sc. TO hc.
per pound was considered severe blow
to the company and there were people In
the trade who claimed that 1t meant
curtaiment, II not a cessation, of divi-
dends by this corporation.
FURTHER tariff EFFECTS.
Dlstiling and Cattle Feeding broke from
9O. to 26ls In the expectation that the re-
duction OF the tax on distilled spirits
will be smaller than is generally expected.
II will be remembered that the stock
went up lately on rumors that the tax
would be advanced 20d3o cents, but now
1t is thought 1t will be only l0c. per gal
Ion. Cordage was depressed, owing to the
fact that binding Irvine will be put on the
free list. Lead also broke badly, the re-
duction In the ad valorem-taX on the
finished product to lkc, against &c, ana
the duty on pig TO 1c., against &C. having
led TO free sales. General Electric ana
Chicago Gas were both freely sold and
scored heavy losses.
So far as the railway list Is concerned
II may be said that II held up remarkably
trial group. Toward the end OF the ses-
sion. however. there was more disposi,
ton to sell the railways, ana general
decline followed. Co.
The largest losses were American sugar.
7 1916; 90. preferred, 3as Distillers, 54s;
General Electric, pa: Chicago Gas. Ia;
Burlington l%; ST. Paul, rs; Rock Island,
10; Lake Shore, lst; Missouri Pacific. ~;
Lead. "a; do. preferred, & coTdage n ~ ~;
~; New England pa: Omaha. y; Union
Pacific. u. and Western Union, l2s.
Near the close the selling movement
abated, and a slight rally resulted. Conl-
pared with Saturdays final figures, how
ever. the leading issues show losses OF
hd64 per cent, the lndustrals leading.
In the speclalties Rio Grande and West
ern lost ,: Morris and Essex, Ia; chicago
and Union stock Yards. 2. and Duluth
preferred. 32t. The total sales OF listed
and unlisted stock were S3l0oO shares
Railway and miscellaneous bonds were
not affected by the decentralization In the
Industrials, and further advances were
scored
MONEY AND EXCHANGE.
Money on can mas Ueen easy, iah5il ;
from lq1H; last loan at IN, and closing
offered at ~ per cent. prime mercah-
tile paper. iq54 per cent.
Bar silver, 69h; Mexican dollars, 90.
Silver at the board was neglected.
Sterling exchange easier. with actual
business In bankers bills at AS44sSh
for sixty days. and AS5Aqt,S5ia for de-
mand. posted rates. Si.S3fz6y4. s51s; COM
mercial bills. A.H%44S2h for sixty days,
and s4s4AQLsin for demand.
Government bonds firm. State bonds
duh. Railroad bonds dull but strong.
STOCK QUOTATIONS.
Closing bids