Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-03-31
Mean temperature. ...............
NEW YORK STOCK MARKET.

NEW YORK, March 30-The stock lrer-
let to-day opened steady. then declined
on account of sharp attacks by brokers
usually identified with the Cammack in
terest, and finally advanced sharply be-
cause the raids OF the bears failed 70 dis
lodge long stock, forcing the shorts 20
cover. with the usual result Of higher
prices all round. London did little or no.
thing, and as for news affecting the mar
ket, there was none.
The bears yesterday were quite conf
dent of being able to start liquidations.
They interpreted the veto of the seign-
forage bill as meaning another free silver
crusade, and dwelt upon the evils that
were to follow. Expecting to disturb con-
fidence. they sold heavily of the Changers
and certain of the Industrials, naturally
with the hope of getting back their con-
tracts at a profit. The plan was well
conceived. and would have been success
fD If holders OF stocks could have been
frightened into selling. but this they
refused to do. In consequence, the bears,
after the assault early in the day. when
Burlington and Quincy was forced down
10 SIS. Western Union TO Siis, st. Paul
TO 625s, Sugar to SS4s, and General Electric
10 AIS, without bringing out any stock
TO speak OF. made a complete change OF
front. This was discovered by the bulls,
and the efforts Of the shorts were i'm
peded at every point. Again the supply OF
stock was much smaller than the early
sellers had calculated upon, and this In
itself proved of assistance 10 the bulls.
The improvement from the lowest point
OF the day was equal to ixd29s per cent.
The important gains follow: American
Sugar rose 2s; the preferred, rs; Cotton
Oil. 2; Cotton Oil preferred, @; American
Tobacco, rs; Big Four, /; Chicago Gas,
25s; Burlington and Quincy, IA; st. Paul,
1%s: Rock Island. /; Consolidated Gas,
2h; Delaware and Hudson, rs; General
Electric, rs; Lake Erie and Western.
1L; Louisville and Nashville, IA; Missouri
Pacific, /; Lead. IL; the preferred, rs;
Reading Is; Northern Pacific preferred,
12s; Omaha. l. and Union Pacific. IA.
The market closed strong. at about the
highest point Of the day. The sales were
22O coo, against 172.Oc0 shares yesterday.
Chesapeake and Ohio was active, 500
shares changing hands at 1?al1&Gls1s.
the activity being ascribed In some quar-
tiers to liquldations. while others con-
tended that the selling was due to an
effort to checkmate a small pool.
The demand for bonds continued active,
although the sales were not as heavy as
yesterday. The tone was strong.
MONEY AND EXCHANGE.
Money on call easy at l per cent; last
loan and offered at l per cent; prime
mercantile paper. 3izGf4 per cent.
Bar silver, 5gs. Silver at the board
neglected.
Sterling exchange firmer. With actual
business in bankers bills at ANgisIh
for sixty days. and ASseLSsA Tor de-
mand; posted rates. s+sIha4ss; CONNER
cial bills. As6Aai. 1861 for sixty days, and
no quotations for demand.
Government bonds steady. state bonds
dull. Railroad bonds active.
Sales, listed stocks, $4,000; unlisted
5000.
Treasury balances: Coin. slo4,s2 cur
rency. si6,05s,oo0.
.,rD-.- nrrnr TInNa