Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-03-26
Mean temperature. .......... ...os
NEW WORK STOCK MARKET

NEW YORK STOCK MARKET.
NEW YORK, March 2j.-Speculation al
the Stock Exchange was more active tnai'
for a long time past Prices moved up
and down with great frequency, out the
tendency throughout was upward. lhere
was disposition at one time 10 accept
profits. and this accounts for the lrresu-
larity OF certain issues like General Eiec-
trio and Jersey Central General Electric
for instance, which scored gain oil nearly
eight points last week. advanced about
| per cent. during the first hour. This
rise naturally brought out long STOCK
and a recession from 81 rs to 80 3-i TOOK
place. Subsequently there was recovery
10 80 Is. the stock closing ia per cent
lower on the day.
Jersey Central started with gain or
els per cent. to IS 81, then returned to
& 81, and rallied to 81
Distillng and Cattle Feeding was an
other stock on which the effect OF reali-
cations was noted. The protective COM
mfttee announced late to-day that the
reorganization plan VIII now be put mo
effect IL is understood that the deposits
at the Manhattan Trust Company foot
Chicago Gas was weak, and fell from
Il 10 7d72 The rumOr that the
company will reduce dividends was
again revived. The decision sustaining
the ogden Gas Company charter was also
used against the stock.
Sugar advanced from 9S7-S to lOl H.
and reacted to 100 IS. The rise was as
cribed to manipulation by a well Known WI.
ex-member of the board. who Is heavy
dealer in provisions. There was any num-
her OF stocks which displayed great
strength. and a few when deVeiopeu
buoyancy. Issues which nave no' s Deet'
dealt. in for months came to the 'front.'
and commission houses again reporter Il
good outside demand. London came
higher and ito purchases contributed IN
no small degree g. the advance ~ sust'
issues as Louisville and Nashville ST.
Paul, Union Pacific, and Reading. Inc
anthracite coalers were taken on reports
that the presidents. at the meeting on
Thursdasy %iI 9dG y asd n beleyes that
allotments will be decided upon. Among
the bitnminous ccaiers Hooking Nahey
rose IL; the preferred. .; Hocking ,oai
ID. Lake Erie and Western preferred,
IL The Cordage stocks advanced sharply
10 rs: the common to 10. and the pre-
ferred 10 10 IL for the day Speculation
closed firm at prices anywhere from ~ 10
81 per cent higher on the n NY, iost
Gas. General Electric, and DistiiieIS iost
ii 10 "a per cent The transactions ag-
gregated 3S6 469 shares. very heaVy
total. OF this American sugar hsur eni
for 300 and General Electric Tor Z9'ooo
shares. ,.. 4. ,,.,o,
operators were in no humor to listen
to unfavorable reports. ana IN conse-
ouence the poor earnings Of the Changers
and the strength and advance in sterling
exchange were ignored. 100
Railway and miscellaneous ponds were
In sharp demand. with hlRner ia ne, ooo
The sales of stocks comprised 26IWp
shares Of listed and 5000 Of unlisted.
Treasury balances: Coin, sS7%3,VO; cur
rency $50 III 600.
MONEY AND EXCHANGE.
uorav on call easy at PAW per cent last loan
a, 1is nor cent. and closing offered at 2ls per
ON, Prime mercantile paper. 4Aa5h per can't
Bsr silver, 63ssc. Silver at the board. $780,
bid, aud 64c.. asked. - 49,,
Sterling exchange very hrIn. WIN ac'na, pus,-
80. In bankers bills AZ s4S7s4as4so Tor
s,Y,y .days aud s4.s9Aas spls for demand ;
posted rates. s4S0at400ta; commercial D'iis'
o. s0sias4.S7lt. GAIA ,o,,, anil
I,0yernment bonds firm. STATE ponus JUL
Railroad bonds active and strong.