Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-04-09
Mean temperature. .....,....... so
NEW YORK STOCK MAhKET.

NKW YORK. April Stocks opened
irregular. the railway issues showing
strcncth on account Of higher cables from
London. while the Iudustrials we're in
clnod to weakness Subsequently a raid
WAS made on the Anthracite COalers.
and sharp losses were recorded. Della
ware and Hudson broke IS. to l2t 3-S,
Jersey Central . IS, TO 81 IS. Lackawan-
ia J-s 10 is IS. ana Reading IL. to
III
The Delaware and Hudson decline was
uartly due 10 liquidation by an estate.
and jersey Central sold of on the re-
duction in the dividend from 81. TO 1t
per cent for the quarter. on rumor that
tn. Anthracite Coal situation was not IN
such good shape AS reported last week.
and that there WIFI be- no arbitration
Of the disputed que7tlons after an Jer-
sey Central recovered 70 - IS. delaware
and Hudson t. l2b IA. I4ackaWanna o.
114 - ana Reading to IL. The action OF
the sales agents was also considered a
necessary sep toward the rehabilitation
~ trade The advance in Western prices
was thought 10 I've OF great Importance
ana VIII put an end to the generalization
there.
maul prevailed for the Changers near The
close but there was little or nothing 10
the general run of stocks. baltimore and
Ohio was adversely affected hy an un,
founded rumor that the May dividend
VIII be- passed. The stock broke 81, 10
-. and rallied to -, bid.
In tie Iuiustrials. Sugar fell from
lGp IS t. - 81. and advanced 10 Iol sta
lOl 3-S Tobacco fell i. 10 %. and rose
10 eGUq6 II Chicago Gas declined Us,
to ~ IS. ana recovered 70 - l-L Lea
sold down /. 10 u, and returned 10 II -.
General Electric declined 5-s, 10 3 %.
and rose 10 % SIS Chicago Gas was
weakened by d report that .he directors
on Wednesi lay VIII reduce the dividend
to q five PER cent per annum basis. The
delay i'm signing the pooling agreement
hurt General Electric for time;
At the close the market was iirm IN
tone and the usually active stocks showed
slight gains for the day Reading cameo
Is and Iacklwanua and Delaware and
Hudson lost '-Nn2 IL per cent respective
The decision Of the Supreme Court sus-
tanning the income tax excepting that
part Of the law taxing rentals and state
and municipal bonds had niue innuence,
f. is expected however. that State and
municipal bonds viii rule higher shortly
ia consequence Of The decision.
The poor statement OF theluriington ana
Quincy was not Unexpected by any means.
and 10 had no eject on the company
securities.
i'm REPORTS of the drcnching rains in the
grain and corn belt the March state
ment Of the New York Central, which
shows an increase IN gross earnings or
81 4N.tN ana the htNfsSl VI lilfNliiS VI tiiI
new 100000 > per cent gold bonds OF
the Metropolitan Traction Company. a.
vel as the partial restoration Of prices
10y the Anthracite sales agents, referred
to above
The sales comprised 100 0l0 shares OF
listed stocks and $500 of unlisted
Treasury balances. Coin, SN',33l.Wp;
currency. So 256. 600.
The bond market was strong and ac-
tive. -..,
MONEY AND EXCHANGE.
Money on call easy at 2d2 y per cent;
last loan ~ D and closing offered at
Der cent: prime mercantile paper. / 3-lu
= Il uer cent.
Bqr silver. Sc II. Silver at the board.
g. IS.
Sterling exchange firm. with actual bust
ness i'm bankers bills At $ieN IL for sixty
DAYS. and $50 - for demand: posted
rairs. $3.50 l-3Ul9o =; commercial bills
Government bonds firm. state bonds
hieher. Railroad bonds strong.