Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-04-18
Menn temperature. 80. =. ...
NEW YORK STOCK MARKET.


NEW YORK, April 1.-THE tendency
Of stock prices at the opening was down
ward. owing to the receipt OF lower
cables from London, the poor statement
Of st. Paul for the second week of April.
and the report that the negotiations be-
tween the Westinghouse and General
Electric companies for pooling Of patents
were off General Electric suffered se-
vereiy. dropping from 80 to 81 81; nearly
1900 shares changing hands i'm the first
fifteen minutes Of business. The decline
brought in sustaining orders, and the
stock rallied 10 81 rs.
Subsequently, reports were circulated
to the effect that the anthracite-coal
presidents were on the eve OF resuming
negotiations for a settlement of the allot-
mont question. This led 10 a sharp rise
in the shares of the roads interested, and
Jersey Central rose -. TO % Ia; Read
ing. i l-2. to Is ii; Delaware and Hudson,
/ IL. to 125 81; Lackawanna, l-2. to 100 l-2.
Reading mortgages improved 7-Sdl IL per
cent.
The rise In the cOalers had a good effect
on the general market. which moved up
IA to l 3-S per cent. Leather preferred,
Chicago Gas. Sugar. Kansas and Texas
preferred, Lake Erie and Western, Wheel
ing and Lake Erie and the Changers were
conspicuous I'm the rise.
The advancing tendency was checked
because OF break in Baltimore and Ohio,
from II - TO 81 IL. This stock was sold
on the passing Of the dividend, which
was not generally expected. The general
impression was that the directors would
cut the rate. but in view OF semi-oiiicial
statements given out recently II was
thought that the company would not be
t.1a I'M If Il
The effect OF the directors action on Lon
ion is awaited with some interest by the
street.
The drop I'm the stock had only n passing
late in the day. when Manhattan sud
denly jumped 81, 10 IFS IL, the whole
list improved. and CLOSED firm. Manhat-
tans rise was due to a story. which
could not be confirmed. that the company
intended to adopt electricity as its motive
In the inactive stocks. Tennessee Coal
and Iron rose ! IL, to Il IL, and the
preferred 2 i-2 per cent. to 70
Speculation closed firm Net changes
show gains OF 1-4Gl IL per cent. Man
haitian, however. gained 4 -. General
Electric. St. Paul, Louisville. and Nash
VILE scored fractional losses. Baltimore
and Ohio declined ? IL on the day. Pull
man Palace sold up 3 per cent. TO loo I-b,
and closed 1852 bid and lIO asked. Inc
strength OF the stock was due TO a rumor
81 a Consolidation with the Wagner COM
pany. The bond market continues strong
and active. The sales OF listed stocks az
srreeated lf1 900 shares: Of unlisted. 5000.
Treasury balances: Coin, $i.2c'OOo; cur
rency, s6016.0oO.
MONEY AND EXCHANGE.
Money on call. firmer at l-@u2 IL per
cent: last loan at 2, and closing onerei
at 2: prime mercantile paper l-z9o
BAR silver. 81 i-2c.; silver at the board.
firm ut 81 l-2G6s lie.
Sterling exchange strong. With actual
business in bankers bills at $S IL Tor
c;xtv davs and $3.50 l-2dsiS9 5-4 for de-
mand: posted rates. sLS9qS4.1 IL; COM
mercial bills. SS7 1-2nsiSs.
Government bonds steady state bonus
dull. Railroad bonds strong.
STOCK QUOTATIONS..