Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-03-21
NEW yopK STOCK MARKET.

NEW YORK, March 20.-After rather
tame opening the stock market deyei-
oped strength, more especially for the
Industrial group, Cordage, Sugar. Chicago
Gas. Lead. and whiskey, advancing u to
~. per cent. Cordage made the largest
gain, rising IL. per cent, to zoA. The re-
covery In this stock was due to state
ments that yesterdays break to ~ was
the result of the execution OF stop-orders,
and not to any material change In the
condition of the property. Chicago Gas
moved up over a point, to 65A. the attack
on the company in the Common Council
OF Chicago, which was to have taken
place last night. having been postponed.
Lead, Sugar. and Whiskey were rated
firm. When Il was definitely stated that
no gold would be exported by to-morrow's
European steamers the general market
made an advance OF Il to 1S per cent,
but business was on q moderate scale.
The Northern Pacific issues led the list,
the common rising y per cent, to 6is, and
the preferred 1ss to 21A. London was a
buyer of the bonds OF this company,
while local shorts purchased the stock.
After midday there was n break in
American Sugar of 5 per cent, to ssai, on
reports from Washington that the recon-
mendations OF the Senate Finance Com
mittee. In the matter of the sugar
schedule. had been exaggerated, and that
the advantages to accrue to refiners were
nothing like what report has had them
Again II was said that there had been
treachery in the pool one member having
sold out on his partners. The general
market. while adversely affected, did not
decline much. In fact, the greatest reac-
ton was less than point.
Late in the day rumors were received
from Washington that the President had
decided to veto the seigniorage bill. II
was also reported via Boston that the
tranScontinental rate-war had been de-
clared Off, and this. with semi-officfal
statements that the Rock Island will de-
clare its usual quarterly dividend, stmu-
lated purchases. and started up a lively
inquiry for stocks generally The highest
prices OF the day were then made in the
Changers. Lead, Baltimore and Ohio.
General Electric. Louisville and Nashville.
Manhattan, Missouri Pacific, Union Pa
cifc, and Western Union. Sugar met
with better support, and rallied to 81.
Subsequently there was reaction to
ss&. New England was n weak spot, de-
clining at one time to 9%. The prospect
of a heavy assessment keeps the stock
weak
The net changes for the day show gains
Of b1ih per cent. outside OF Sugar COM
mon. which lost 3D. and the preferred ~
per cent.
Total sales. 2ls,655 shares. of which
l0G.20o were Of American Sugar.
Railway and miscellaneous bonds were
strong.
The sales Of listed stocks aggregated
10000 shares; of unlisted, $4,000.
Treasury balances: Coin, So, 636, 900; cur
rency, siC,03o.O00.
MONEY AND EXCHANGE.
Money on call easy at per cent; last
loan at /. and closing offered at l per
cent; prime mercantile paper, 3lzliia per
cent.
Bar silver, 59ii. Silver at the board neg
lected.
Sterling exchange firm. with actual bust
ness in bankers bills at SiS7llniS7ia for
sixty days. and ASS2in4S9 for demand;
posted rates. $tSSl4S9ls; commercial bills,
S. sG2.Gis7 for sixty days, and si.SSAG
isSis for demand.
Government bonds firm. State bonds
dull. Railroad bonds strong.
STOCK QUOTATIONS..