Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-03-01
NEW YORK STOCK MARKET.

NEW YORK, February 2s.-Fears OF
gold shipments. liquidations for London,
and increased pressure from bearish
sources led to a weaker and lower mar
ket for stock to-day. Business was de-
cidedly more active. aggregating e6.l
shares. against i23.ss2 shares yesterday.
Operations for lower prices made con-
siderable OF the high rates for sterling
exchange, and were predicting gold ex-
ports at an early day. They were not
very definite In their statements how
ever, nor could they explain how ship
ments could be made at profit now
that the Bank OF England is paying less
for gold, and Continental exchange Is
considerably higher than when the recent
export movement was In progress. Well
Known drawers Of exchange, II should be
added, are not disturbed by the talk OF
gold exports, and assert that bills will
be forthcoming when required by re.
mitters
London was quite a seller OF intsrna-
tional stocks and the foreigners do not
appear TO be able TO recover from the
shock given by the passage OF the Ca
madam Pacific dividend. To-day's sales
for European account are placed at 5000
10 $500 shares. Consptcuously weak
stocks were New York Central. the
Gas. Lake Shore. Louisville and Nash
vile, Manhattan, Jersey Central. and
Western Union. New York Central fell
Ia. TO s. 3-s, on unconfirmed rumors OF
an issue OF new stock. Northwest sold
down /. to 81 10; Burlington. /. to 60 3-S;
Rock Island. H. to 81 IL, and st. Paul
l, to 81 Ia.
These stocks were Influenced by rumors
OF reduction in the st. Paul dividend.
The directors do not meet until March
18th next. and nothing official can be
obtained about the matter until then.
baltimore and Ohio declined Is, to
statements that the March interest. was
In bank. and that the company had not
borrowed a dollar for this or any other
purpose. Chicago Gas sold up 10 " i
on the election Of II. 7. Lincoln to the
presidency OF one OF the subsidiary COM
panits, and then broke TO 10 rs, on sales
for both accounts. Louisville and Nash
Vile opened cent lower at 90 dropped
to IS SIS. and rallied 10 ~. London was q
liberal seller. Lake Shore. on moderate
sales. declined IA. to lSS u Jersey
Central LIST advanced to s. IA, then
fell to 50 5-S. and recovered to 81 IA.
The annual report, now due. VIII show,
II is said only per cent. earned on the
stock. Sugar was quite strong at one
time and moved up to 81 5-S. but IN me
last hour 1t suddenly ran on to II 3-s.
After delivery hour the general ilst raj
lied IA to 7-s per cent, New YORK CEN
trail and Jersey Central leading. but when
Sugar dropped point or so the entire
list weakened In sympathy.
Speculation left of weak The CHANGES
show losses OF Lac Ia per cent To-
haoco and New England gained 3-s per
cent. each. The first named was r strenst n,
ened at one time by the absorption OF
the consolidated cigarette and interna-
tional machine companies. -
The bond market was weak. Inc safes
Of listed stocks aggregated l52,0oo ana
OF unlisred stocks, 5000 shares.
Treasury balances: Coin, $I.sD,VV; cur
rency, s74,sOI,o00.
MONEY AND EXCHANGE
Money on call easy ut ~ per cens Prime
mercantile paper. 4lsa5 per cent.
Bar silver, 60hc. Silver at the roaro' oo'sc''
bid. IA. ., ,r.,
sterling exchange Hrm, win sct9 a1 Dual ~
mesa IN bankers bills at s4S7Has4e7b ior
s,x,y DAYS aud s4sS%a34S9 for demand
posted rates, s4SSas4.90; commercial bilis'
34.S7. o., ,o,a. aru
Railroad bonds weaker.