Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-08-31
Mean temperature. .........-....."79
NEW YORK STOCK MARKET.

NEW YORK, August 3o.-During the
first hour of business at the Stock Ex-
change to-day prices were further de-
pressed, owing to realizing sales and
manipulation by the bears and sold-out
bulls. All the leading Issues were influ-
enced, and declines ranging from a to las
per cent. were recorded. Sugar and the
Changers were the heaviest sufferers, Su-
gar falling lA, to 1868: st. Paul q, 10
e4ie; Burlington and Quincy l, to 1914;
Rock Island X, to 65si.
The selling movement exhausted Itself
before midday. and operators who con-
sidered the recent decline entirely too
rapid began to buy. London at the same
time came into the market as a buyer OF
Louisville and Nashville, and local bull
pool also became more active In the spe-
clalty. This settled the course or the
general list for the day. and after the first
hour the tendency was upward. Louisville
and Nashville was advanced TO 81. against
IS at the opening. Bulls in the stock
claimed that still higher prices VIII be
made for II, as well as the shares of other
southern roads, for the reason that the
prospects for increased business activity
are brighter in the South than In any
other section of the country. The ex-
pressions of leading officials or the
Changers certainly bear them out in this
The views of prominent railroad-men re-
Gently from Chicago are certainly lusu.
brious enough 10 turn the trading element
away from the western roads, ana as tnt
disposition here at the moment Is hopeful
Spectators are disposed TO array them
selves on the bull side of the southern
stocks.
Reading was another strong spot and
10. IF IN "
were strengthened by a belief that con
siderable progress has been made I'm th'
way OF reOrganizing the road. the I'M
provement I'm the earnings OF the Atchi.
son for the first week of August resulted
In a rise in the stock OF ~.
The general list in the afternoon moved
up AGl% per cent, Burlington and Quinc,
leading.
Sugar. after its early decline. rose Il
i07%. but on the execution of stop order:
there was a break to log An advance
2A per cent. quickly followed, but JUS
| previous to the close there was drop L
| iOGH The sellers were industrlousiy CIR
| culatlng a report that the company woul
not be benefited as much by the neN
| tariff law as common rumOr had IT, Inc
| also started a story that the sugar sched
ule had been so careleSSly drawn Una
| there would be severe competition lror
| foreign reflners. In word, strenuou
| efforts were made to create feeling o
| of this need not be stated here.
Lead. Chicago Gas, Whiskey, Cotton-Oi
and General Electric were weak early. !
the day. but closed firm. Tobacco Eel
| liz. TO l0l and rose to lOi. In the mae
| tive issues Manhattan rose IL. to llsi2
| Lead (preferred) ~, to 80, and Pittsburg
| Cincinnati, Chicago and 81. Louis preier
rcd 1i2, TO 40. a.,
| The market, except Sugar, closed frn'
The net changes show advances OF IS I
~. per cent, Louisville and Nashville lead
| ing Rock Island st. Paul and oman
and New York Central lost lsqA, an
Sugar n, per cent The bond market wa
strong. Sales of listed stocks, lG,Wo; uh
treasury balances: Coin, So 600; cur
rency, sI, iS7.OD.
| MONEY AND EXCHANGE.
| Money on call easy at per cent; las
| loan at /. and closing offered at l. priin
| mercantile paper, 44il2 per cent. -
| Rar silver, 66i,: silver at the poar
| closed at 657s bid. .,,s
Sterling exchange easy, with actual BUS
| ness I'm bankers bills at A.SG12gi ;so1t 10
stxtv DAYS and sis6l4 n+.s6ts for demand
posted rates, siS6a+Hi2; commercial pi'l'
| SiSiLniS4. CO.. ,,1