Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-02-27
Meau temperature.
NEW YORK STOCK MARKET.

NEW YORK, FEBRUARY b-lne ten
dency OF prices was downward at the
Stock Exchange to-day, and at times the
pressure from bearish sources was pro-
nounced. Cammaok brokers were more
prominent In the dealings, and an erst-
while bull on the Industrials. II was said.
Joined forces with this contingent. The
strength OF sterling exchange caused some
uneasiness, and the traders who were
short OF the market were endeavorng to
create an impression that gold will be ex-
ported shortly. as the rates are up TO the
shipping point. 1t Is needless to add that
this belief does not obtain In banking cir
Giles, and not the slightest doubt Il felt
by bankers of the ability OF the bond syn
dictate to carry out its contract with the
government.
The first drive was made against CHI
cago Gas. the stock being hammered down
nearly two points. to 70is, near the OPEN
ing. on Chicago advices that Attorney.
General Moloney proposes to test the
legality OF the recent changes In the Board
OF Directors Of the subsidiary companies.
The granting OF franchises to two new
companies by the Chicago Common Coun-
Gil last night was also used against the
stock, but late in the day, when II was
announced that Mayor Hopkins would
veto the ordinance, rally to Il4n!V1s
was recorded. Two OF the Vanderbilt
stocks-New York Central and North
west-were then taken In hand and de
pressed to s7}. for the former and ssI4
for the latter, decline of IA to Ia per
cent. respectively. 1t was thought that
the bulk OF the selling In these stocks was
The general iist lost about X to 1 per
Nashville, 81. Paul. and Missouri Pacidc
were rather prominent In the dealings.
Near the close Northern, Pacific, prefer
red, was more active, and ran or rapidly
TO i3s.. n decline OF lia per cent. In the
inactive list Susquehanna and western,
preferred. fell ~, to a. and rallied to
s6ls. Adams Express rose ~; American
Express sold down 2. and United States
Express u. Canadian Pacific recovered
2is. Consolidated Coal declined 3l. to 80
Among the Industrlals Cordage securl-
ties moved up on buying for small pool:
The bonds Jumped about points. and
stocks moved UP s4gl4 per cent, but
lost part Of the. rise. Sugar yielded a
of a reduction in the dividend to y per
cent. basis. Tobacco fell Ia, TO s6a.p
sTi5. and Cotton OIL advanced ls. to
203. Distilling was firm. The reorgani-
zation plan which Is expected thls w We o.s,
Common and N.cc6.ooo preferred. The old
stock Is TO be assessed - per share. foi
which holders will receive first mortgage
bonds. HOLDERS Will bti ~ ~ NNh'. ~
new common and 20 per cent. In new pre-
ferred for the old stock; ~.
The market closed about steady. Net
ohanoas show losses Of \. TO ~ per cent.
Cordage, Big -Four. Jersey Central, and
lake Shore. gained MpA per cent. Total
sales were 1883 shares. ~
The bond market was irregular. The
sales of listed stocks aggregated li3'On
shares, and OF unlisted A.Wo shares.
MONEY AND EXCHANGE
Money on call easy at ~ per cent Lsss loan
AZ liz per cont, and closing oferol at IA per
cent. Prime mercantile paper. 4Itao per
cent .or Ao,<..
silver AT the board, G0ssc.. bid.
sterling exchange strong, Win actual bust
meas I'm bankers bills at a. s7as4.S7l4 Tor Sky
DAYS and s4ssIsas4s SH for demand posted
rates, s4.S7lss4S9h: commercial biiis'
a.. s6llas4.S6;4. , Am
Government bonds steady. state bonus ouii'
"" treasury balances: Coin, ss5,7oI 900; cu'-
rency. s7+,6s3.00o.