Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-12-04

NEW YORK STOCK MARKET.

NEW YORK, December 3-Speculative
interest centered chiefly in the lndustrials
again to-day and of these Sugar was
the overshadowng feature. The stock
opened at 1O5 l-2G1O6 300 shares chang
ing hands. After this the price bound
ed up TO lO6 SIS, but the advance brought
out an avalanche of long stock ana
the shares broke 1 per cent. TO lo2 5-S,
and closed at l03, or , pc cent below
Yesterdays final sale. The transactions
were on a tremendous scale, footing up
153.3OO shares in grand total OF SZ9o'OJf
shares for the entire list.
The early squirt was due 10 special ad-
vices from Washington 10 the effect that
the President would not touch upon the
trust in his message. This caused
narfect rush 10 cover short contracts, the
brokers Of a noted plunger being the
heaviest buyer. The rise brought out
round amounts OF long stocks. which en-
couraged the bears to fresh efforts IN TINS
and the other Industrials.
Tobacco. Leather preferred, and chi
cago Gas all opened firmer, but later on
Tobacco tumbled from IS Ii 10 ~ OF ana
ended at 81.
Chicago Gas moved up TO 50 IL and
fell TO 81 1-id6i SIS Trading in the last
named was smaller than for some time
past, owing TO the uncertainty as TO the
outcome of the Barrow injunction case,
now being argued in Chicago.
The railway list was quiet, but firm,
the highest prices being made after the.
publication Of the Presidents message.
This afternoon a report was received In
bank and stock circles as 10 the retire
ment of the greenbacks and the issu-
ance OF short-term, Notwithstanding
bonds in times Of emergency. The gain
in prices at this time was equal to 1-243
per cent: Delaware and Hudson leading.
The efforts made 10 advance coal-freight-
rates TO the West helped this stock.
Pacific Mail rose from 30 SIS to % SIS on
the announcement that the agreement
will probably be signed this week. The
Improvement I'm the financial situation
abroad. and the fact that no gold has
been engaged for export to Europe as
vet. had "A stimulating effect on the
general market
Near the close Sugar ran off TO 1O2 SIS.
and this weakened the remainder Of the
Industrial group Considering the Sc
verify of the attack on Sugar, the rail-
road list held remarkably well
The closing OF the market was irregu-
lar i'm tone. Net changes show advances
Of l-Sd5-s per cent. Pacific Mail, how
ever. gained 1 81 per cent.
While the lndustrials lost l-fnZl per
cent. Tobacco was second in point Of ac-
tivity. and figured for 1850 shares. St.
paul which was third. was traded In
10 the extent OF only 1920 shares
Ronds were firm. The sales were 81 ,27S.-
Oo0 The sales of listed stocks aggregat-
ed l2i .4si shares. and OF unlisted stocks
les 523 shares.
Treasury balances: Coin, $Sl. 935 Al; cur
rency, $lOO.l7SnS.
MONEY AND EXCHANGE.
Money on call steady. at 2l2 1-2 per
cent last loan and closing offered at 2 l-2
ner cent. Prime mercantile paper 41-9q5
per cent.
was neglected.
sterling exchange steady. with actual
business in bankers bills at A.7 3-4p
siSS for sixty days, and Sis9ds4.S9 Ia
CO.. demand. Posted rates. ASS i-2GA9O.
commercial bills. 1886 S-4Gsia IL.
Government bonds firmer. State bonds
dnll Railroad bonds firm.