Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-09-06
erly winds
The WEATHER IN RICHMOND YESTERDAY
was clear. cool, aud pleasant. The skies
were clear at midnight.
State of thermometer
Mean temperature.
New York Stock Market.

NEW YORK. Sept. 5.-Irregularlty
marked the course OF prices at the Stock
Exchange during the first two hours OF
business. The opening was rather rag
ged, some stocks showing advances
while others scored declines. Another re-
dictionary tendency I'm certain parts of the
list was due to selling by leaders. who
were of the opinion that Saturdays adj
vance was entirely too rapid to hold.
Considerable stock came from this quar-
ter. resulting as Il stated. in sort OF
hating speculation. The offerings were
absorbed about midday. when IL was seen
that. Notwithstanding the outpouring of
stock. the impression made on values was
unimportant. What made this all the
more significant was that the market
held it's own in the face OF the unfavor-
able August statements OF the st. Paul,
the Louisville and Nashville, and the
Denver and Rio Grande. In the case of
the last named the gross earnings were
only 1863, 900, against 1881 900 for the cor
responding month in 1892 The enormous
falling Off IL ascrlbed to the fact that the
Masonic conclave was held In Denver in
1892. So far IA the heavy decreases made
by St. Paul. and Louisville and Nashville,
and all the minor roads are concerned.
an official EXPLANATION was made. and
the falling Off il due to causes which
have been operating for some time.
The market. however. proved superior
to Door railroad earnings and selling by
conservative holders and In the afternoon
fairly doomed. To the surprise OF the
bear crowd and those who have been
predicting that the upward movement
was scarcely warranted by the conditions,
prices bounded up half per cent at a
time In some instances. The gain was
most pronounced In the stocks OF prop
critics recently alleged TO have been in
danger ~ receiverships. Among these
General Electric was conspicuous. The
stock rose from i2ss to 47ia. with a differ,
ence of 3. per cent. between sales. Other
notable gains were: Pullman Palace Car
5; Sugar, 42s; do preferred. 4A; American
Cotton oil preferred 3D. American To
hacco. ~. Burlington and quincy, ~
Chicago Gas. 5l2; Rock Island, 2is Colo
RADIO, 81; Lackawanna. Pa; ID. and II. X.
(; Great Northern preferred. 6; Lacled,
Gas preferred 8; Louisville and Nashville
2is; Manhattan. 3s; Missouri Pacific. Az
Erie preferred. IA; Reading, 2Ss Rubber
preferred, 23.; Western Union. Pa; anC
Wheeling preferred, %.
In some quarters the rise was ascrtbeC
| 20 purchases by bears who desired I,
| limit their losses. The execution Of stop
| loss orders was an important element II
| bringing about the advance. 1t was ais
| currently reported that one or two of tn
| leading bears made private settlements II
| ST. Paul and Burlington a. Quincy. tn
main factor however, Is the great chanc
| for the better in the monetary situation
| which has brought much needed relief {
| the brokers. who are more disposed t
| take on new engagements. They were Il
receipt OF orders to-day from the West
where the stringency in money has ais
| abated.
| The rise leads to realization. but in IN
| final transactions the market was firm
| Evansville and Terre Haute stock brok
| 10 points to Is on sales OF 1900 shares Th
| break was attributed to the closing OF
| loan OF a Stock Exchange house, while
| recently suspended.
Sales OF listed stocks, 5000 shares: VI
| listed, 1900. Sub-treasury balances: Coli
| $5s,S7j, 900; currency. $4,000.
| STOCK QUOTATIONS,