Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-09-12
The WEATHER IN RICHMOND YEsrEnDA
NEW YORK STOCK MARKET.

NEW YORK. September 1l.-For days
past some of the bear traders In stocks
have been predicting that the government
crop report for September would show
the condition OF corn TO u only - per
cent. The report. however, when WAS
made public late yesterday. gave the con-
diton az GA per cent, and as result
there was a wild rush on the part OF the
shorts at the opening to break their con-
tracts. This led 10 a rise OF 4 TO lss per
cent, Burlington, Rock Island, and st.
Paul naturally being most prominent IN
the rise
After the first rush was over the traders
began figuring on the report. and when
they found that the Indications pointed
to a yield OF only l,l0000,oD bushels, they
put out fresh short lines. They were not
very confident however. as the American
Sugar and Manhattan companies both
declared their regular dividends, notwl1n-
standing the predictions 10 the contrary
made last week In the case or the FORMER
Besides. the Western Union Executive
Committee recommended that the usual
dividend be declared tomorrow. and fur-
thermore IL IL ascertained that the ST
paul directors on Thursday will announce
the regular payments on their stocks
These declarations are robbins the
shorts Of a good deal Of ammunition ana
their attacks on the list are lacking vim.
The statement submitted to the western
Union committee was favorable. Inc
Manhattan exhibit was noe a particularly
good one. but there will be surplus after
paying the dividend. IL should be remem-
bered that the current quarter is the poor
American sugar rose OK. to 1864; re-
acted 70 l0lA. and rallied 10 1875. There
was considerable selling after the declare
lion OF the dividend. Boston was a MODE
rate seller. United states Cordage was
heavy gallng ,. to l6al8ss, and the pr
frrrcd a.. to 29i4, on rumors, subsequently
denied by Pre- sident Sturgis, that the
COMPANY was carrying big stock OF
binder-twine. and that its business this
season had been UNSATISFACTORY ,a,,or,s n
Chicago Gas vas weaker on reports %
n fresh cut In gas rates, ana the STOCK
feli /. 70 n, though later it recovered
The high condition Of corn In the south
called attention 10 the securities OF w
roads trav-rsing that section OF IN,
country. and on good buying, Richmond
terminal advanced 81. to 1915; the pre-
farred |. 10 25; the D per cent trust re-
ceints IL. to s5ts: do. SIS. stamped, l's. tC
! 7O,g: new southern railway - 10 IA "hO
the preferred I. 10 AS.
OuNe q number Of operators. VINO are
hearish on the Changers and other west
ern stocks, are bullish on southern securl
| ties. ,.,,, ,,.o.
| firm. a prominent trader having Dld ul
nricss all around The net changes toi
! the day show advances Of isFs per cent,
The sales OF listed stocks aggregate
,a6i57 shares. and OF unlisted. s., 2SJ.
MONEY AND EXCHANGE.
Money on call easy at per cent; las
loan al |. and closing offered at pc
cent: prime mercantile paper iGi'2 PEI
| cent OH. -, ,ho hoard
| eits. bid. ,.. NTH ac,ra
business in business in bankers, bills a
| 5, s5il4 So, for sixty days, and AStsd : y
| FOR demand; posted rates, AS5isG4.S'' CON-
| mercial bills, $4S44s4is. c,,.o bond
| Government bonds steauy' "'"'0 ''''N
| duh. Railroad bonds firm. -,oooo. ..,.
OS treasury balances: Coin, N5'5i90o; cur
! rcncy Sil,S7S.0Oo.