Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-05-12

NEW YORK, May 1.-THE days two
hours session at the Stock Exchange was
the most exciting in years The opening
was strong, but later on there were
reallzations. and speculation displayed a
little irregularity. After II O'Clock the
bulls took hold again. and for a time
the market boiled. In fact. speculation
had every attribute OF a genuine boom.
Commission houses were simply over
whelmed with orders, and the inquiry
embraced the gilt-edged shares as well
as the stocks OF companies in the hands
OF receivers. The excitement was in
tense. and the brokers fell over each other
in their endeavors to execute orders.
Purchases for foreign account cut an
important figure In the dealings. New
York Central is attracting more attention
abroad. and at the close there were still
a number of orders for foreign account
unexecuted. The demand for dividend
payers on the part Of foreigners is easily
explained. In London call money IS
quoted as low as l-fGl-2 pr cent. while
New fork Central and other standard
stocks return anywhere from to per
cent. per annum. The days shipments or
securities TO Europe were the largest
for long time.
The buying OF the Changers was due
10 the improved outlook for the crops.
Distillers' rose on the advance In spirits.
Sugar was huoyant on cables that the
beet crop in Europe Will probably be 5JO,-
600 tons below last years yield. The IN
surrectlon in Cuba renders II practically
certain that the harvest there VIII also
be disappointing, and as the American
Sugar Refining Company Is reported to
be the largest holder of raws, the bulls
had comparatively little difficulty in
forcing the stock up to il6.
The Willard party was conspicuous IN
the Northern Pacitics, Oregon Naviga-
ton. and North American. OF these Nayi.
CATION scored the greatest gain, and SOLD
UP points, TO 20.
The trading was again enormous the
sales OF stocks for the two hours foot
ing UP 33s,o00 shares. Advances in prices
ranged from l to 10 IL per cent Great
Northern preferred rose 10 l., to l2o, bid;
Sugar, IL TO ll6 IA; Baltimore and
Ohio, 2, to g.; Whiskey, 2. TO % 81;
Northern Pacific preferred, 2 SO, to q; st.
Paul and Duluth IL. to 70 IL; do,
preferred, 5. 10 50; Omaha preferred,
IL, to ia IL, and the remainder OF
the list anywhere from IL to 81 per
cent.
There was good buying OF the low
priced issues, and Wheeling and Lake
Erie, Louisville New Albany. and chi
cago, Atchison, Reading. Erie, and PITTS
burg and Western referred all sold at
the best figures yet attained.
Speculation closed buoylnt, with prices
for the active Issues IA TO 80 per cent.
above yesterdays nn1ls. The, speciaitles
show gains OF 2 IL to ID l-2 per cent;
Sales of listed stocks aggregate ZSoo
shares: OF unlisted, 50cc1. The railway
and miscellaneous bond market was
also buoyant. The sales we're S229,oOo.
Treasury balances: CON, ss2.Gi,voo; cur
rency, S5s032,Vl0.
MONEY AND EXCHANGE.
Money on coll. Il per cent; prime
mercantile paper. 3nt Ler cent: sterHn
exchange. weak, with actual b'.sness IN
BANKERS bills at As5 9-+ds4.S6 for sixty
DAYS. and N.2o 3-4qA.S for demand; post
ed rates, Nd4lls3. commercial DIS
siS54siS l-2. r,
Bar silver. Is 3-4c.; silver at the ooaru'
Gnvernment bonds strong. state bonds
firm. Railroad bonds buoyant.
ANNOY nunr TI0NS