Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-10-25
TIE WEATHER IN RICHMOND YESTERDAY
state Of thermometer.
NEW YORK STOCK MARKED

NEW YORK, October 2i-There was
an increased volume of business at the
stock Exchange but the activity was at
the expense Of values. The room-traders
and professional operators were generally
arrayed on the bear side Of the account.
and the short interest was materially in
creased.
The main disturbing factor was the
strength of sterling exchange. posted
rates having been advanced another II.
10 81" u and $50 - The further rise
IN rates revived the discussion about gold
exports. and the bears on stocks were
quite confident that shipments will be
Resumed. Though there may Ice nothing
ln the talk, the persistent selling finally
lei 10 moderate liqudatiOns i'm certain
stocks. notably Manhattan and Tennes-
see coal and Iron. Manhattan dropped
IL per cent. - los, ana closed at l05 is
The old stories about reduced revenues
because Of surface competition were again
ailoat Tennessee Coal and Iron broke
> per cent. 10 IS SIS and later recovered
10 80 3-S \ rumor was current that the
NEGOTIATIONS for a consolidation with the
Sloss company were of, and led 10 selling
Of the stock.
The Southwesterns and Cotton-Carriers
were generally pressed for sale the short
cotton crops being the bear argument on
these issues. Missouri Pacific declined
80. TO 80 Is, and Louisville and Nash
vile 3-S, 10 49, Kansas ana Texas. pre-
ierred, ~, 10 % -, and Texas Pacific
IS 10 35-S. The heavily increased St
Paul earnings for the third week Of Oc-
toher held the Changers steady for a
time. but the shares finally ran off
d. tn tfs
at lpi 5-SGloj IS. closing al l0J. The COM
mission-hOusc which was heavy seller
yesterday turned up as a buyer. Its pur-
chdses. however. had little influence.
Chicago Gas. Central Trust Companv's
receipts, ruled steady at IS I-2HGS7-S
General Electric. Distillers, Lead. and
Rubber were all lower, the decline rang
ing from u 10 per cent National
Starch, first preferred. brought T., against
~. the last reported sale.
In the inactive stocks. Minnesota and
st. Louis preferred broke 3 IL, to 55l-2.
rallied to 81. and closed a s. 81. The first
preferred fell 1874. to l-2. ami United
States Express I. TO q.
In the last hour there were indica-
tons Of weakness in the sterling ex-
change market. and this, with break
in cotton and the engagement Of round
amounts Of wheat FOR export, impaired
= firmer tone to the dealings. Prices raj
lied IT 10 is per cent except IN the
case Of Manhattan, which continued |
heavy.
The market left OFF somewhat firmer
Net changes in the active stocks show !
losses OF Is TO 2l-2 per cent The sales |
aggregated j9lG0 shares including 5000 |
Sugar and 1890 Tennessee Coal ana /
Iron.
Bonds were weak. The sales were ST.
~. O1
The sales Of listed stocks were 1911 .ll2 /
shares. and Of unlisted stocks 6. sos.
MONEY AND EXCHANGE.
Money on call firm at and Gig: last
Dan AT >, and closing offered at . Prime
mercantile paper. and O.
Bar silver o. Il; silver at the board
iuiet.
Sterling exchange easier. with actual
business in bankers bills at s4s7i-24
4 81 81 for sixty days. and siSS l-2l
iS "a for demand; posted rates siSs la
1912 commercial bills. sis6 l-2aSis7.
Government bonds steady. State bonds
luil. Railroad bonds lower.
Treasury balances: Coin, SCI. 6Ss us:
urrency. $50, 1898.