Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-10-30
The WEATHER IN RICHMOND YESTERDAY
WAS clear and fair.
state of thermon eter.
Mean Temperature. SIS s.
NEW YORK STOCK MARKET.

NEW YORK, October 29.-An advance
in sterling exchange to $i.SS l-2nAS u
started fresh selling movement H.
stocks in the first hour of business. The
strength of exchange. Of course, revived
the talk about exports OF gold. but lead
ing bankers were of the opinion that
shipments were not likely. this week. at
least. So far as next week is concerned,
however. they were not so confident.
The greatest pressure during the early
part of the day was directed against Ia,
Industrials and Reading. The last-namee
fell from Il rs to Il rs. rallied 10 10 l.
and dropped TO and closed at II -
Rumors were current that the assess
ment on the stock under The proposed
plan OF reorganization Will certainly b,
$50 and may reach So while the income
bondholders will probably have 10 pay 81
for which they may receive littc new
preferred stock in exchange. The stoc..
WAS unusually active. ana inquired for 40,
90 shares, in "A grand total OF 2I5.Soi
shares.
In the Industrials, Tobacco was par
ticularly weak, and dropped 9-S PEI
cent, 10 81, on reports that the fight wat.
the plug-tobacco people was costing tnt
company dearly. Sugar was steady for
time. but In the lass hour. on sales b!
brokers supposed 10 be In the employ o.
lower Wall-street interests the stoch
broke | "a 10 l0l SIS General Electric
sold down from "a l-2 10 32 81, and ca.
caeo Gas from IS Is to So IL. The ii
cline I'm the last-named was attributed &
sales by holders whose margins had been
weakened by losses i'm other parts of IN,
list.
The railway list fell off IL. to /
per cent, in some places, but in tn
afternoon the losses were partially re
covered owing to favorable september
statements of the Burlington, Chesapedh'
and Ohio. Minneapolis. and 81. Louis
and Canadian Pacific. Pacific Mail shC,
nm from 30 IA to II SIS on the old story
az a settlement with the Panama. bu
later returned to 80 IL. In the last hour
the hears resumed aggressive tactics. ant
the Improvement noted was not only lost
but a number Of the leading issues touch
ed the lowest point Of the day. The par
ticularly weak stocks at this time wer,
Reading. Sugar Jersey Central. Atchi-
son. Canada Southern, the Changers. ana
General Electric Erie Telephone sno
Telesranh made a sensational drop of ].
points, to So rallied to e., bid. and closed
AZ %. bid The sales were only l.2OJ
shares and the nredh WAS cOHSlutItI u
no simply an oldtime coup"
The general market closed weak ana
IA 10 3 Ia per cent lower. on the day
National starch preferred rose IL. 10
- -.
Bonds were weak. The sales footed up
81. 2S5. COO.
The sales of listed stocks aggregated
OF III shares. and of unlisted stocks, o..
l53 shares.
- Treasury balances: Coin. ss.i27.sso; cur
rency. ss7.O6i,slo.
MONEY AND EXCHANGE.
Money ON call firm at 2Q5c.; last loan
at ~. and closing offered at l-2 pc.
cent: prime, mercantile paper. 8 l-ip
per cent. -
firm. .,
sterling exchange firmer. with actua
hns,ness in bankers bills at A.S l-st
sig7 "A for sixty days, and $ss l-2n
e. sS "A for demand; posted rates. sis IL
81 20 ~; commercial bills, Sass l-2nAsA
government bonds steady. State bond.
an,I railroad bonds weak.
STOCK QUOTATIONS.
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