Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-03-03
Mean temperature. ................4S
NEW YORK STOCK MARKET.


NEW YORK. March 2.-The advance
in sterling exchange and the report OF
lower prices from London led to a gem
eral decline in the local stock market at
the opening. The foreign selling was con-
| fined to ST. Paul. Louisville and Nash
Vile, and Northern Pacific preferred; but
| the transactions for Eropon account
were small. Local traders also sold
| Louisville and Nashville, the Changers.
General Electric, and Jersey Central, and
decline OF Ii, to per cent followed.
| Louisville and Nashville declined ?.
TO 75-s: st. Paul I, to 81.
| Northwest rs, to T3-i; Burling-
ton H. to 60 SIS: Rock Island 3-s, to
| 81 IS; General Electric /, to q. and Jer-
sey Central lis, to s37-S. The last
named subsequently recovered TO 81 SIS.
Sugar. Dlstilling, and Lead were ex-
| ceptionally strong. Sugar advanced rs.
| TO SO. houses with Washington connections
being the largest buyers. Trade condi,
| tons were reported to be improving, ana
| IL is also understo od that the regular III
vidend will be declared after the ad-
| journment of Congress. Disabling moved
up to II is on efforts of the old western
short-lnterest 70 cover. Lead sold up to
| 2s Cordage weakened. selling down 5,S.
| 10 i3-i. for common, and 2, to lG Tor the
| guarantee, on the proposed incorporation
| or an independent cordage company win
| a capital of $4,000. United states Learn
| err preferred advanced l. TO 50 III.
| Speculation closed irregular. The rail-
| ways being rather weak ard the Indus.
| trials firm. Net changes show losses OF
DistiIling geined SIS Sugar 81. Lead l.
| and New York Central Is per cent. on the
| day.
There was very little news afoat to
affect the market. In some quarters more
activity IL expected n Stock Exchange
circles to follow the adjournment OF CON
srcss. The Sugar people, IL ~ thought.
will take their favorite in hand and make
a turn on the bull side. Again, the time
for the declaration OF the dividends on
the 81. Paul. New York Central, and
Western Union is approaching rapidly, ana
this will give operators something to base
In regard to Western Union. II was
stated that, although the report OF earn
ings for the current quarter Is not eX,
pEcted to show the regular dividend
earned. no change will be made In the
rate The directors expect mat Whatever
deficiency there may. be Will be more than
made up in the last half Of the hscai year
good authority that the Baltimore ana
Ohio road for the six months ended De-
cember a. 1894, shows earnings or 2l-S
per cent after the payment or all
The sale Of listed stocks aggregated 70;
600 shares: Of unlisted, HOO. The bond
market was lower.
MONEY AND EXCHANGE.
Money 90 call. nominally. 2n2 l,2 per
cent. prime mercantile paper, lego per
cent. 49,, -,
Sterling exchange firm. with actual busi-
ness in Sankers' bills at 81 81 i-2 FOR sixty
DAYS ard slsJ FOR demand: posted rates,
81 Is i-2Ii 90: commercial bills. AH.
Excharges, slii.759,5SS; balances, S,5ii;-
400. The Sub-Treasury. was slll,sE credi-
tor at the clearinghouse.
Bar silver. 60 IL:
Government bonds steady. state bonus
dull. Railroad bonds lover
Treasury balances: Coin, ssS, 10000; cur.
orncy, s73,730.oOV.
STOCK QUOTATIONS.