Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-08-14
NEW YORK STOCK MARKET.

NEW YORK. August BIT has been
stated from time 20 time of late that
the sluggishness of the stock market was
the result OF the failure OF the National
legislature to agree upon tariff policy.
II matterel not SO the traders cOntended,
what the lines Of the policy determined
upon might be- so long as something
definite was offered. So far as the traders
We're concerned, it could be either the
Wilson bill or the German measure.
Either one would do TO start up specula-
ton. The main point was 10 break the
deadlock.
To-day's market fully bore out this
theory. for stock speculation was active
from the moment 1t became tolerably GER
tain that an end of the seemingly inter-
minable discussion was at hand. Trans
actions reached heavier totals both IN
stocks and bonds than for any day lOr a
long time past Stocks alone figured for
2,J, s03 shares, while in railway and mis-,
celianeous mortgages Sl,Syl,wo changed
hands. London. which was as mucn. IL
not more, exercised as home OPERATORS
came In with liberal buying orders AT thr
start. the foreigners having been infiu-
enced by early adyices from TINS side that
the House would to-day decide To recede
from its original position and accept tn me
Senate bill. London bought about lo'VV
Sidffs, It's purchases oi isJul9FIiA' 49,
Nashville causing that stock TO open al
s. against 5o7s at the close on saturday.
The general list improved on these pur1
chases. as well as on the report OF goou
! rains in the corn belt. and the local bears
| who have been predicting all sorts OF us
aster to the corn roads, began 10 cover
| right at the opening. Before they hiti
fairly started, il was announced from
washington that the Democratic caucus
OF the members of the House had voted
| by decisive majority 20 recede from thtir
| position and accept the I'LL recommen,rIi ~. - !
| by the Senate Finance Committee. MS
| was the signal for the execution or large
orders on long account, ana prices du-
| yauced with "A rush.
There was more outside business than
| for some time past. 10 the encouragement
| Of the cOmmission-hOus.s. Inc rise IN
| duced the big bulls to sell but as lheir
offerings We're quickly absorbed. the room
| traders turned in near the close ana pa
up prices all along the line. IL was at
| this time that the best hgures Oh u.
dav were recorded. The most important
gains follow: Distillers 4, TO 2h; sugar
| "a: American Tobacco "a, to w, BUR
| lington and Quincy 3, 10 a; NORTHWESTERN
| ia. to 1888: ~. Paul 2i2. to 6@a ROCK
| Island pa. to Co.: Denver and RIO Grande
preferred . 10 %: General Electric IA, 70
! 3.4.; Louisville and Nashville ~, 10 95's'
| Manhattan ~. 70 MA; Chicago Gas,
| |. TO 75ia: Missouri PACING ~, TO = -
| Lead IA. TO ~: tn preferred ~, to 49,
1
Northern Pacific las to lj7s; Norfolk ana
Western preferred 23s TO 81; Terminal.
| /: DO. preferred > to 22t; omaha IA, 10
| 36i,; United States Leather . 10 T.; DO.
preferred "a, to Gli-; Union Pacific H. 10
| ia. ....-.,,,
Speculation closed strong. little attention ION
having been paid to the caucus instruction
| 10 the Ways and Means Committee 10 re-
port bills placing sugar coal, i u3t
| favorable development was the weakness
| OF sterling exchange, and the re ports from
Europe OF the declining tendency IN as
| count in the open market. -.
The net changes in the stocks show gains ans
| OF n, TO per cent Tor the DAY: plS-
| filters. Norfolk and Western preferrel;
and Leather preferred leading me ponu
market was active and buoyant, anu On
heavy trading an advance OF | to per
cg saj VIZ ~ ljstpI stocks $4,000 shares; I'M
| listed. $3.50. 80 ,oo 600. ,,,,r.
rency. $60,glO.VJ0.
MONEY AND EXCHANGE.
Money on call easy AT pr cent; last
In nj / and closing offered at ! per
I