Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-05-11
THE WEATHER IN RICHMOND YESTERDAY
was clear and warm. The skies at mid
night were clear
NEW YORK STOCK MARKET.

NEW YORK, May follower cables
from London. the poor exhibit of earnings
by ST. Paul for the first week OF May.
and by the Illinois Central for April, the
Generalization Of freights at the West,
and n belief that at least S2,5O0ec In gold
VIII be shipped to Europe on Saturday.
all contributed 10 a weak opening for
stocks to-day. The decline. however. was
surprisingly small In view OF the I'M
favorable factors mentioned, and was
much commented upon in stock circles.
Louisville and Nashville and Illinois
Central, which scored the greatest losses
among the railways, declined a point
each.
General Electric was the weak spot In
the Industrals. and dropped Is. The other
prominent issues varied only fractionally
either way, and the trading was light.
The rates buyers had to pay for Lake
Shore and other active shares created
little nervousness among the shorts, ana
when 1t became evident that the COM
paratlye heavness OF Louisville and Nash
vile and General Electric was without in
iiuence among the general list, "A move
ment u cover set in. which gathered
force as the day advanced.
The nervousness became quite pro-
nOunced in American Sugar in the last
IDuE, anu III lilttE ItllNtN W EfA bith
their stock the bears bid up the price OF
these certificates. The stock opened at
lnii., and then rose to 1914. with a re
action at the close 10 l0,i4. Chicago Gas
moved up Ia. 10 tCis. on western advlces
That the company had asked to have the
quo warrantO case transferred TO the
Federal courts. This move on the part
Of the company forced the small shorts
into covering.
General Electric. after It's early decline,
rose 10 J65s. Lead. also. was in request;
and sold up 10 a. while Tobacco gained
H.. per cent, rising 10 sb's.
The railway list displayed considerable
strength late in the day, and especially
the Changers. which were affected by
rumOrs that the government crop reports
due after the close of business, would De
favorable.
Northwestern was strengthened by q
s"ml-oflcial statement that during the
past ten months the company had earned
its full dividend for the present: The
stock advanced lss; Burlington, =; ~.
Paul, q. Rock Island, =; Lake Shore. l.
and the other leading stocks, %nas per
Near the clos, tn demand from the
bears abated somewhat and prices yield
81 LH24 per cent. The market LETT on
steady ut the reaction. The net gains for
the day ranged from = TO 3s per cent,
with Sugar IN the lead. The total trans
actions were e. 30 shares, OF when 'IJy
were Sugar 1851 General Electric. anu
ni.lh 7 htbkO NIstFs
railway and miscellaneous bonds were
higher.
Sales. listed stocks. 5000 snares; I'M
listed, bJ.oVl. 800
Treasury balances: Coin. $9I,Jj3,CD; cur
rency, S2.o3G,cJ0.
MONEY AND EXCHANGE.
Money on call easy at / per cent: last
loan nj l. and closing offered at ! per
cent: prime mercantile paper, 3AuI per
cent. -,
Ear silver, GFs. silver at the board
dun. TT. .,
Sterling exchange steady. with actual
business I'm bankers bills at A.siAHiSr2
for sixty days. and sass 1l'4@+, for de-
mand: ported rates. $i.SSi2ii i9O; CONNER
clal bills, MS;ss p4.N.
Goy,rnr1ent bonds generally steady.
state bonds firm. Railroad bonds higher.
.TAcK 0Inr ATOMS