Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-12-07
TIE WEATHER IN RICHMOND YESTERDAY
was clear and fair.
Meau temperature. ...''il'z
NEW YORK STOCK MARKET.
State of thermometer:

NEW YORK. December 6.-The Duls
in the Industrials had field-day at the
stock Exchange, and had their opponents
on the run from start TO hnish OF 'he
session. ,,.
FOR weeks past It has been fashionable
IN speculative circles to go short OF these
specialties, on prospects OF congressional
Interference, threatened litigations, ana
lawsuits actually begun until nearly
every active trader on the street had out
a line of short contracts. In the aggre-
gate those contracts reached an enormous
total and all the bears needed 10 make
their campaign a success was some I'M
favorable development to bring about de-
moralzation In the bull ranks.
The refusal of Congress to rush ahead
with legislation against the trusts was
a disappointment, but the nrst serious
b1ow 10 the holders of short stock was
given yesterday by Judge Showalter. who
practically threw the Pitt-Barrow case out
of court.
Following the announcement OF the de-
cision. there was a rush to cover, ana
I'm their anxiety to get back their con-
tracts brokers bid prices up on them
selves.
The stock opened at 81 1-2 and SO IL,
5000 shares changing hands almost ST.
multaneously with the dropping or the
chairman's gavel y further rise 10
so "A followed. after which some OF the
more prudent of the bulls sold a line of
stock acquired during the recent decline
from 20 down to 60 IL. and the price
receded to 81 5-s.
Trading then dropped TO normal pro-
portions, and the price lowered around
cSa6S1 -2 until near the close, when IL
jumped 10 50 IL, at which the final trans
actions were effected.
Sugar was taken in hand and marked
I'd 1875, to 100 IL. 4 decline to loi IL
followed. but just at the close Dig
buying order was placed in the room, and
the stock scared up TO lol o-s4lOI ~.
Tobacco. after a decline TO 10 5-s, jumped
10 70 5-s.
Leather preferred. after an early period
of weakness and a decline TO g. 81, rose
10 81 IA.
Speculation in the railway list wac
checked at one time by the engagement
of s. 10000 in gold for export 10 Europe
Tomorrow, but in the afternoon session
a better demand prevailed, and on COW
ering OF shorts an advance OF l-fnl-2 per
cent. took place, the Improvement being
we'll distributed.
The closing was strong under the IN
fiuence OF the squirt in Sugar.
Net changes show gains OF 1-fn3f
4.
per cent in the Industrials.
The total sales were 2s5,o07 shares. OF
which 225. 800 were In the 1ndustrials.
Bonds were irregular. The sales footed
up $4,000.
Treasury balances: Coin, ssl,oioss6;
currency. sl0o,4l3 s5i.
The sales OF listed stocks aggregated
2s0. 1876 shares. and OF unlisted stocks
SOL shares.
MONEY AND EXCHANGE.
Money on call steady, at 1l-2a2 IL
per cent; last loan at 2, and closing Of
fered at . per cent. Prime mercantile
paper, Apps IL per cent.
Bar silver, 81. Silver at the board was
dull.
Sterling exchange steady, with actual
business in bankers bills at si.s7 3-ifp
sisS for sixty days, and $40 for de-
mand. Posted rates, A.s9qA9o. Com
mercial bills, 1876 S-taA.S l-2.
Government bonds steady. State bonds
duu Railroad bonds irregular.
STOCK QUOTATIONS.