Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-09-05
Mean temperature. .................77 |.
NEW YORK STOCK MARKET


NEW YORK, September 4-Opening
dealings at the Stock Exchange were
characterized by frmness, and even SUI
gar, which has been under the hammer
for some time back. developed a little
more strength. This was succeeded by
weaker tone, London having sold some
Louisville and Nashville which was ac-
cepted by local traders. who were bear
ishly inclined. as indicating change in
sentiment on the part Of foreign operators.
That the foreigners should think Of ac-
cepting profits in this stock after its re-
cent l0-point rise did not appeal to the
bearlsh fraternity. In fact, they forced
the issue ana extended their lines, espe-
cially in the grangers, which they argued
would have 10 20 lower on account of
the tremendous forest fires in the North
west, following the partial failure Of the
corn crop. and the poor showing Of earn
ingS made by the Rock Island for August.
Except in the stock named, which sold
down from 6i2 To 6l2, they met with
poor success. 81. Paul refused 10 yield,
and in fact, h-ld strong, the increase In
earnings for the month Of August opera
ting against the seller. Sugar after its ear
ly fractional gain. dropped q, 70 lW'2, and
Chicago Gas was also heavy, selling down
% 1874 on the story Of big gas war. In
the mean time Western Union had become
strong and had gained nearly two points,
selling up u 9l'.. This rather discCn-
certed those operating for lower prices.
anu about o'clock there was scramble
to cover. Previous to the time mentioned
there We're Indications in General Electric,
Canada Southern, and Rock Island that
sbmebody was feeling for stock. Bids for
the issues named were made al fractional
advances above the last previous sales
without bringing out any stock. with the
V-ettlf ~ finally making the shorts ITN
the holders prices. In consequence sugar
ros" ~. 10 1854; Western Union, 2. -.
Paul Is. Rock Island, lA,; Burlington
and Quincy, IA: Canada southern Ia;
zig -Four. l. Louisville and Nashville. 1,
Missouri Pacific. III Northwestern, -
Omaha. .: General Electric rs, Cordage,
", DO. preferred. /; Lead, p,, DO preferred
| - Cotton-oil tpreferreD, 5. Manhattan
.. Panhandle common, ~, and preferred,
~. The last-namsd inquired more proml-
nently Ia the dealings and were unu-u-
ally active The rise In the market was
generally ascribed TO manipulation by
pool. which has been credited win ping
| Ing about the recent wide changes IN
American Sugar. They now, so the street
story goes, have turned their attention 10
| the general list. BE this as II may, II
should not be- forgotten that the settle
mrnt OF the tariff question, IL least Tor the
| lime being. has stimulated trade. General
business is better and railroad earning
make a pretty good argument III All
street. where sentime nj IS the cohtrolune
| factor. Net changes SHOW gains on - 70
| > per cent. with Western Union ana Man
haitian leading. The market closed strong.
| The bond market was active ana strong.
SAILS Of listed stocks, l%1.cv shares I'M
| listed, 81 900 shares.
MONEY AND EXCHANGE.
Money on call easy at l per cent; last
| loan at and closing offered NJ |; prime
| mercantile paper, IH4is per cent.
Bar silver, G5H Silver at the board was
! Is bid and 81 asked. 80 .,
Sterling exchange weak, Win actu9li
| business In bankers bills AZ ASkgtoll2
! for sixty DAYS and Sl.s6niS6i4 for demand
| posted rates. s. s5izg4S7; commercial DIS
| s. Sf7r+ si'a. c.,.o ro,1s
| dun Railroad bonds strong 80, 49,, -...
| treasury balances: Coin. $75,4G,Wo' cur
| rency. S6j So, 900.