Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-12-21

vopv CROCK MARKET.

NEW YORK, December ~ g.
inss at the New York STOCK n, nso,te-
Az we're attended with unusual exc'e-
,,,snt and prices broke badly. me Vene-
"a.is, ouestion doomed into greater
...o,,,;nance and the news relative u
the proceedings at Wasnins~n
scanned with more concern .,,
pssnrs Tia opening of the local STOCK
,n.r ket Il was known here tnae pics
for Americans In London had broken any
where from / TO per cent Ine 80
was a great rush to sell STOCKS .ne '"'
ute the board opened Tor Dus, our
London. which has been seiins oul
o,,r,ties ever since President Cleveiano
message on the Venezuela pounua.'
,,,a,ters was sent in to Congress- turn
cd IN again at the start WIN NJ.
Sa.,rg orders. and, 1t is estimateo'
so,d about 5o,Oo1 shares Of various AMER.
can stock. Local operators VINO na.o
become weakened financially py inc
cent break in the Industriais were ILL.,
N sell. and thus added to the depIess s,,,.
No discrimination was useo' as.rens
.S..d issues as well as the rattietraps'
III Ming thrown on the market, appa-
rently regardless Of price. -, o,d
pmrnors of heavy Withdrawals OF goio
,or exnort to Europe next week a'sc
had a demoralizing influence. Son,e "a
.ha est,mates were that S10.WO,0O wouio
ha fordwarded, but at the emu Oh .no
Sov NO one could be found TO conhr"i
this or anything like IT,
MONEY, 80 PER CENT.
Again. money. which has been ruling at
| o ner cent. and under 10 otoch a.
] change borrowers. suddenly rose 10 o'
ner cent, and a number OF banks ossan
| TO call In loans. the hrfns io.eeu 70
~ wa,,-Messrs. S. S. Sands Co.
N,cbols rockingham & Co.. and De
Nanfv,,,e A. Coin announcing their sus-
ransions- stated that their insolvency
,,'as due 70 the failure Of their customers
IN respond to calls for margins. Az inc
| consolidated Exchange there were ALSO
two small failures. ,..x
The outpouring of stock ana the iaeA
of support from any quarter iea )" q
break OF anywhere from i 10 10 ~ pes
cent National Lead preferred oecnnes
is Ia; Consolidated Gas. IL; Delawaas a'c
IIudson 7: National Lead common o.
pscif,c Mail 61-2; Pullman. Z; Omaha,
q. southern Railway preferred -;
Tennessee Coal Z; Manhattan. 49,
Iarsav Central. 9; New York central
60. susouehanna, Z; Michigan Cen
trail 73-4: Illinois Steel. 4; Louisvile
and Nashville, 1914: Laclede Cas- . i-s:
lake Erie and Western pre1erreu, o.
lake Shore, s; General Electro. sfs'
Denver preferred. 61-2; Lackawsnr "a.
&: Colorado Fuel, IL; 81, ~
n,s.t IA: Chicago Gas. 7s4; Kan
No. srd Texas preferred. 9l-2; and Mis-
souri Pacific. S1-4.
m. Canadian banks were among the
nrst 70 cali in their loans, and In an
.ver to inquiries. some OF the ioreis"
csnita,ists said that they were COM
nei,ed TO use the money to purchase
pc.rrovers were compelled to seek else.
whsre and near the close the central
| Trust Company came into the marxe.
and offered 100000. winch DroSe .ne
r,onev-rate from 50 to per cent. In tne
e., AeoIinxs the rate worked back 10
| 80 per cent.
RECOVERY IN STOCKS.
rs. decline in money started up a lit
tie better demand for STOCKS se n.sa
snd on purchases by bargain-hunters
ana others q recovery of 1@7. per cent.
| took place in the standard ISSUES anu IL
per cent. In Lead preferred.
r,,rnor. which had some iahuence al
| .h,. time was TO the effect that the head
~ the Belmont Morgan syndicate mao
| been called to Washington.
Lead preferred rallied ]. to oi-4' 10
bacco sX. to "; Lake Shore ~. 10 1904;
louisville and Nashville 81. to E%; MAN
haitian 5. to 100: New York Central ga
to IS i-e: Canada Southern ~! to 4SE;
Jersey Central 21-2, to % IL: Rock
island 4. to 81; Delaware and %.I Hu %sUn
ra,.~a, ax TO 81 10; Susquehana and
Western SIS. to q; Southern railway
rreferred 4 IA, to 26%; Rubber 4. to 70;
leather preferred AZ. to 64%. and West
ern Union 2 rs, to IS 3-S ,
r,s cain was not fully maintained. how
ever. and in the anal trading the market
was feverish and unsettled. Net changes
| for the day show losses Of lg7 per cent
| The total sales were 7H.zW snares.
MONEY AND EXCHANGE
Money on call active at do0so; last loan
! Bar silver. ws-A Silver At the board
was dull.
sterling exchange unsettled. with ac-
| tual business in benkers p1le - ~ s-sg
| S@.8 for sixty days. apo H.SSCeL3 -
Tor demand. Posted rates, A0 1-1V