Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-03-05

NEu, YnpK s,rOcK MARKET

NEW YORK STOCK MARKET.
NEW YORK. March 4.-Prices at the
Stock Exchange to-day were extremely
irregular in their course. The develop
ments having a direct bearing on the
market were more important than OF late,
and at the same time business showed
an Increase the sales amounting to 23s.il6
shares. The bulls were favored by the
adjournment OF Congress. which caused
a demonstration OF joy rarely witnessed
at the Stock Exchange the increase In
the 81. Paul earnings for the fourth week
of February. and late in the day. by an
official denial Of the unfayorabie rumors
current abroad about the financial condi-
ton Of the Louisville and Nashville. ON
the other hand. there was heavy selling
by London. the filing of the bill Of fore
closure OF Reading. the decision In the
Bate refrigerator case. and the strength
Of sterling exchange. which led TO talk
Of a technical premium on gold.
OF the unfavorable factors enumerated.
probably the continued strength OF ster-
ling exchange is the most important.
The market Is practically bare OF DIS,
bankers for bills. The closing sales were
at fSl ga for 20 DAYS and $3.50 is9 Ia Tor
demand. the top figures Of the day. The
appointmnt OF a committee 10 represent
the I nllffl States at Il fOuifTtfttff IL thti-
ed by any OF the European powers. proba-
bly, would have more effect II the APP
pointees by the Senate and Congress were
less pronounced In their views In favor
OF silver
The stock market opened firm. but at
the advance selling orders from London
were encountered and prices dropped Ia
TO per cent Reading and General Eiec-
already referred TO. Speculation, after
the decline noted. ruled rather quiet,
until the last hour: when there Was
sharp turn for the better. Sugar started
the upward movement. rising from u IL
to SO IS. Brokers alleged TO be acting for
insiders called I'm stock loaned on season.
At the same time IL was intmated That the
regular dividend will be declared shortly.
Louisville and Nashville rsiliet from
a. is to IS 3-S on a statement by Chairman
Belmont that the company ~ IN good
financial trim. Chicago Gas SOLD up IL
ordinances granted by the aldermen to
rival concerns viii he vetoed. The
Changers. Vanderbits. Manhattan. MIS-.
Pacific preferred. and the Changers rose
~ 10 | S per cent. and IN common with
the general market, closed strong.
The rise late in the day was stimulated
by the Improvement In the wheat mar
ket. considerable wheat having been
bought Tor French account. Net changes
In stocks show gains OF l-sal LIB per GEM.
General Electric lost l-e: western h'o'l
10 I.ackawanna l. and Reading ! u per
cent. American Cotton OIL rose li-z' 70
o. IL. ran 49,, -,
Nor,hwestern preferred sold at l3sdlS9,
seller, Is and 20 DAYS options. or 2 per
cent below the price in the regular way
The bond market was frmer
The sales OF listed stocks aggregated
1sG COl shares and OF unlisted 81 600 shares.
MONEY AND EXCHANGE.
Money on can has been easier: hlghes'
z per cent, lowest l l-2, and Closing o.
fered at 10; prime mercantile paper
ma l-2 per cent. ,-u 40 q.
Bar silver. 90 IL; Mexican dollars 10 49,
silver al the board. % 3-ig5l. 49,,
Sterling exchange Arm. with actual busi-
ness In bankers bill at NS l;2gtS. tor
sixtv DAYS. and Ns9 l-4q4.ss IL for de-
msnd. posted rates sass 1-294S; com
mercial bills. &s6 3-iQ4a;
Government bonds steady. state pohps
dull Railroad bonds firmer ooo -
lTressury balances: Coin, sso''os'ooo; cu'
etncy. s73,3o5.o00.