Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-11-22
Mean temperature. 70 !
Nrw Work. STOCK MARKET

NEW YORK, November H.-The over
shadowing feature of the speculation AZ
the Stock Exchange to-day was the Chi
cago, Burlington and Quincy dividend
matter. During the morning session an
impression prevailed that the directors
would declare the regular dividend. 1t
was then argued that IL the Burlington
people could maintain their regular pay
ments. there was no reason why the
Northwestern directors at their coming
meeting could not do the same. Conse-
uuentiy. there was quite q bullish feeling
prevailing throughout the morning. Prices
moved UP a to ~ per cent. the eaders
in the movement being American sugar
The Changers. Louisville and Nashviiie'
! Missouri Pacific, Reading, and western
Union.
Near midday, private reports were re-
ceived from Boston that the directors
OF the Quincy had declared tne usI Gu
quarterly dividend Of ~ per cent. On
brokers' who had discretionary orders
bought big line OF the stock. 4 feeling
! OF expectancy was then noted men s.n
came the official announcement that the
| dividend had been reduced from l% 70
| per cant. per quarter. This LED 10 the
1 biggest selling movement In the stock 20,
"a long time, under which the price Sie'ueo
The other Grangers were also put. under
| the hammer, and st. Paul dropped :. TO
| 5Sia: Northwestern 21a. TO vs.. ana ROCK
| Island ~. to COS. Among the otner
prominent tssuss Laskaw non soto 10 %
! Manhattan iis to lO3N: Lake Shore ~.
70 1874; Delaware and Hudson, l per
| cent; Jersey Central 2. to W; Lead !, 10
| II: New York Central !. to ssl2; Cordase
| /. to Ga; Cordage preferred ~; to 10;
| Cordage guaranteed 2, to %; Soutnern
Railway preferred 2. to s5H. ana Bay
| State Gas ~. to ~
| employed By the handlers Of the news
of the Burlington dividend. and 1t Is un-
| derstood that the matter Will not De
| dropped until a thorough Investigation Is
| had A.. H.,
| that refused TO be influenced by the de-
| morllization In the Changers. In the early
trading the stock was marked up "a. 10
| afIs. When the Changers Droke mere
| was a recession 10 &c. but In the last hair
hour the stock sold up to 9i-s- Its strength
| steadied the general market Tor ume'
| Near the close, however, there were re.
newed POPULATIONS in Quincy. and me
stock broke to 1875. The closing was
| feverfsh. =, an
Net changes show losses OF z to 20
per cent, Burlington leading. Sugar
gained rs. and Reading y per cent 90, ,e,
| The total transactions were Eofooi
| shares of which 5000 were burlington,
s.. 500 Sugar. 1900 81. Paul. and H.'w
| In the afternoon the market was UNI
! fayorably influenced by the further rise
| in the actual rates OF sterling exchange.
| and by talk of u premium on goid. IN
| regard to the latter II was sara mat III,
| tending purchasers OF the new bonds hau
| Maid a small premium for round amounts
| OF gold Bullion dealers say that the
| matter has no Significance whatever, ana
mat the buyers evidently intend to ada
| the premium, IL they have actually paiu
| one, TO the selling price OF the BONDS,
| and In this way even up the trade. Inc
point is made that a premium Is unneces-
| sary, for the reason that the Boid can o:
| obtained by presenting legal tenders NJ
| the sub-Treasury. There was also sotne
| vague talk about reports incited by the
\ strength of sterling exchange.
| Raiiway bonds were less active, and the
| market weaker In tone.
| MONEY AND EXCHANGE.
Money on call easy at per cent; last
| Loan al / and closing offered at l per
cent: prime mercantile paper, 3df per
| cent. A.. ,, e,
Sterling exchange firm. with actual Dusi-
meas in bankers bills at sts6h4 Ls6i1 Tor
| sirtv DAVIS. and s4.S&. for demand, poster
rates. sS44sSIa; commercial bilis. $is012
! @4sGA. Ca. hands
dull. Railroad bonds lower.
aTOCK QUOTATIONS