Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-12
The WEATHER IN RICHMOND YESTERDAY
was clear.
Range of the thermometer at the 'front.'
door of the DrspArCH Office yesterday:
NEW YORK STOCK MARKET.


NEW YORK, January 1.-THE stock market
to-day wss moderately active all the way
through, showing considerable strength in the
forenoon. Ii reacted sharply later In the day,
and while important losses we're confined TO the
few active speculative specialties tho whole list,
with few exceptions. closed at lower figures
There was marked bullish feeling brought
over from last evening in consequence OF the
action Of the Bank OF France in withdrawing
it's practical premium on gold and higher prices
resulted all along the line.
THE MARKET GIVES WAY.
The market gave way, however, when the hope
OF a cessation Of gold exports was done away
with by an advance IN exchange rates on the
part Of almost all the leading drawers, one OF
whom expressed the opinion that an outgo OF
gold on Saturday was not 20 be avoided. rms
put a damper upon the buying movement OF
stocks Immediately. and, while the speculative
shares suffered most severely In the decline
which followed. only few escaped the eject OF
the material reallzations induced.
COAL STOCKS FEATURES
In the early trading the coal stocks we're the
features. Lackawanna and Jersey Central we're
each advanced about per cent, while the usual
pressure upon Reading tailed 10 have any ma
terial effect. Dstillers was the weakest point OF
tho list, and after touching 03ls IL retired 10
5g5s and closed only q better than the lowest,
with loss of 29s per cent. for tho day. sugar
pursued the same course exactly, but It's inal
loss was only 10 per cent. Railroad stocks were
moved over narrower limits than tho lndustrials,
and the only important loss sustained was In
the Big Four, which lost IL per cent. on COM
paratiyely light dealings. The Grangers,
Goulds, and Yanderbilts were OF no prominence
IN tho market and In common with the general
list were kept within narrow limits.
SOME STRONG POINTS.
There were few decidedly strong points,
,faF yrht Vuaa
which responded sharply TO a new inside buying
movement, rising from l57l8 to l62 and closing
only half per cent. lower. supplementary 10
this movement was one in New York and North
ern preferred, which showed an advance OF per
cent, part Of which was Afterwards lost. Con-
nected with these movements, also, was decided
strength In New England, which was bought
heavily for Boston accounts, closing today with
a gain of Ia per cent.
NO IMPORTANT RALLY.
The selling was was 80 general that no rally
was made OF importance, although covering
in tho last hour checked the decline In most OF
the list. No improvement in the situation IS TO
be noted, and tho close was fairly active and
heavy at or near the lowest figures OF the day.
MONEY AND EXCHANGE.
Money on call has been easy, ranging from
2 10 A: closing offered at 3. Prime mercantile
paper, 614s7.
rates, s4.S7aS4SS. Commercial bills, S4.Soa
s4.S7.
Government bonds dun but steady. Southern
= ate bonds neglected. Railroad / nds family &C
tive and hrm. -
Treasury balances-Coin, $50, $40, 900; cur
rency. e5,130,000.
The sales OF stock aggregated $4,000 shares.