Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-11-19
Trr WEATHER ~ RICHMOND YESTERDAY
W ~ 'i'"'
State of thermometer
Mean temperature. OBSERVATION-DISCLOSURES


Nl\V YORK. November lS.-1he gene
raj run % prominent stocks after an IT.
regular opcning became strong and higher
on purchases by the trading clement
which felt encouraged by the splendid
showing made 10y the st. Paul for the
second week OF November, an Increase
of s2SS. $50 having been reported IN gross
earnings. the absence Of disquieiin news
from foreign financial centres, ana the
FAC, that no gold will be forwarded by
to-morrows European steamers.
I'm the first hour prices advanced Ia
rs per cent. on this buying. Manhattan
the CHANGERS. Sugar. General Electro.
and Chicago Gas leading. Sugar hrst IeIi
IN 90 rs. but soon advanced 10 lol ~. the
reduction i'm the price Of certain grades oi
refined having fallen fiat Later on Lon
don houses sold fully 1900 shares or
Reading. 81. Paul and Louisville ana
Nashville. which encouraged the local
hears TO make attacks on Manhattan
Tobacco. and Western Union.
Reading was the first TO yield, and fell
~ toq1-i. The reorganization pam
which will be given out this week, pro-
vidos. it is said for a - per cent. as
sessmcnt on all the securities below the
general As. The present incomes are 10
receive new preferred stock nut 'ne
stockholders will get nothing for the cash
nut mn some Of the large holders are
talking Of fighting the plan. unless the
e,ock receives some consideration.
Manhattan rose to l0l -. and broke To
oS 2-ilfqQ Long stock came out on the
way down, the announcement that the
Netropolitan Traction was considering
system of underground troileys for lis
new lines having frightened tiinid hold-
ors.
Tobacco dropped from S. IS TO - ia,
with a subsequent rally to NJ o-N. ~.
Louis holders and We'll were the heaviest
sellers at the decline.
Western Union was tho weak feature
I'm the late trading. falling points. 10
SS "a on Judge Harlan's decision. which
holds that the Union Pacific had no right
TO make a lease practically giving the
Western Union a monopoly of the tcle-
graph business offered.
In the afternoon reports were freely
circulated that at last S2.0o,VO in gold
would be forwarded to Europe this week.
one commission house, IL was said. has
sold cables against Sf,0OoOw I'm gold, and
another banking firm. so rumor had H.
will have to ship about as much either 10y
Wednesdays or Thursdays steamer. No
actual engagements have as yet been
m
closing price tonight. it is tolerably GER
tain that exports will be made. Traders
,ake the matter calmly. however. and the
belief nreyails that some sort Of under
standing has been arrived at by the
nowers that be- and local banking inte-
rests 10 replenish the Treasury reserve
when the proper time arrives.
The market closed weak, the active is
sues showing net losses of 1-i@2 per cent.
for the day. Burlington and Sugar gained
ia per cent, and Leather. preferred. I
nor cent. Burlingtons exceptional
strength was ascribed 10 buying by one
az The new speculative combinations The
total sales were 20l,9si shares. Bonds
were very irregular in tone. The sales
footed up S55.oW.
Treasury balances: Coin, sss,c9i, COS; cur
rency, sS1.6Iosi.
MONEY AND EXCHANGE.
Money on call easy at l-212 per cent. :
last loan at IL per cent, and closing Of
fered al l-2 per cent; prime mercantile
naper. 5G5 IL per cent.
Ear silver. 81 1-ic.; Mexican dollars. 81;
silver at the hoard quiet
sterling exchange very strong. with
- business in bankers bills at
go e-46NSs for sixty days, and $3.50
s'Se,-i for demand: posted rates
s1sS -eGsi.s 80; commercial bills. sts6 SO
siS7 IA. cat, ,,.
All Railroad bonds irregular.
STOCK QUOTATION.
Closing BIS.
.ros-tcan Cotton i...........'.....'..... W
.r,..r Cotton OIL preferred ........... 90
.mericap sugar. .......-'''.''''''' 'Voii
-, s,,ar Henueries, pref ........... S1A