Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-08-21
State of thermometer:
Mean temperature. ..............."".. 81
NEW YORK STOCK MARKET.


NEW YORK, August 2o.-The move
ment In the stock market to-day was
more interesting than OF late. Tobacco,
which has been under the hammer re-
Gently, showed considerable recuperative
ability, and the stock rallied from " 10
50 IL, the recent heavy sellers having
been the largest purchasers. Ii was in-
timated that thu company Intended 10
retire from the plug-tobacco business, but
the rumor could not be confirmed.
A drive was made at Sugar shortly
after the opening and the stock broke
2 IL. to 10. No valid reason could De
obtained for the break In the stock. and
il was suspected that the movement was
engineered for the purpose or facilitating
the covering Of shorts in Tobacco.
These movements were followed by
sharp upward turn in the Anthracite
Coalers. Jersey Central rising 3D. 10 100
while the other stocks I'm this group I'M
proved anywhere from 3-S TO ! 3-f per
cent. Reports were current that the presl-
dents OF the companies Intended holding
an important conference next week, when
the question Of adjusting the difficulties
in the trade will be taken up, with
view 10 putting an end to them. AT the
same time, according TO report. the mat
ter OF rates will receive serious considera-
ton. Nothing of an official character
could BE- learned about the matter, and
in the late trading Jersey Central ran
of to l05 l-2. with subsequent rally TO
l0I H. Reading, and Delaware and Hud-
son ruled strong throughout.
The Changers were in demand on the
spie ndid outlook for the crops, and higher
prices were recorded. Rock Island rose
10 81, Burlington to ~ 3-s. ex-dividend; 81.
Paul TO u: Northwest 10 102 II; Eastern
Illinois preferred to 1913 3-i. and Omaha
to II SIS. The largest buyers OF these
stocks were firms usually employed by in
siders.
Nearly sS,0o0,co0 in gold was taken from
the Sub-Treasury for export 10 Europe
tomorrow. The bulk of the gold 10 be
shipped il in payment for baton or
new government per cents, sold abroad
in February. 1t is understood that Satur-
days European steamers VIII also take
out a large amount OF the metal for the
same account The depletion Of the gold
reserve. however had no influence, as the
street Is convinced that the Belmont
Morgan syndicate is able 10 keep the re-
serve at the 100000 mark
4 fresh Illustration OF the syndicate's
mower was witnessed just before 8
o'clock to-day. when !. Pierpont Morgan
deposited about 100000 In gold, on behalf
of the Belmont Morgan combination. This
once more restores the Treasury gold re-
s rye to figures above the traditional limit
Lake Erie and Western preferred was
heavy. and broke 2 Is. 10 -. The acquisl-
lion Of the Northern Railroad OF Ohio has
led to selling of this stock.
Speculation closed in the main firm.
Nj changes show advances Of II 10 81
per cent, the Changers and Coalers lead
ing.
Tobacco gained per cent. Sugar lost
81 per cent.
Total sales were 27963O shares, of which
4. 100 were Sugar and 20, 80 Tobacco.
Bonds were strong. and the sales footed
nm 81 2gi00. The sales Of listed stocks ag-
eregated $4,000 shares. and or unlisted
stocks N,OO shares.
Treasury balances: Coin, sS2.si1co;
currency. $4,000.
MONEY AND EXCHANGE.
Money on call easy at per cent; last
loan al 1 per cent. and closing offered
~ per cent; prime mercantile paper,
AL i-2 per cent
Bar silver, G6 Sic; silver at the board
dull.
sterling exchange easier. with actual
business I'm bankers bills at $3.50 La
a. "a 1-2 ror sixty days. and $3.50 La
ego /, for demand posted rates, $500
tsI: commercial bills. N.sSQsbss 3-i.
Government bonds higher state bonds
firm. Railroad bonds strong.
STOCK QUOTATIONS.