Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-09-23
STOCKS IRREGULAR.
THE MARKET LARGELY GIVEN
OVER TO THE sPECIALTrEs.
FURTHER ENGAGEMENTS or GOLD.
Relief of Money Market Continued
Otherwise, AIso-Wheat Scores Best
Advances Made I'm Some Time
Provisions Dull, But steady.

NEW YORK. September 22.-To-day's
market was largely given over to what
are known as the Specialties. There was
an upward rush Of prices in these stocks
at the opening. but the evidence az weak
ness in Sugar. which dominates the s;pe-
cialties. quickly brought realizing sales.
The tone was rather heavy, and at times
somewhat feverish, for the rest of the
day.
Manhattan jumped SIS above par, on
President Goulds talk Of early electrical
equipment but the character OF The SELL
ing at the advance aroused dis,rust. and
the bears raided the stock
The extreme range OF both these stocks
was more than per cent, and New York
Airbrake, which rose over points in the
early dealings. reacted S1-4.
Tobacco also ranged over 31-2 points,
and closed practically unchanged.
These are extreme examples Of what
was going on to a less extent throughout
the list Movements Of individual stocks
were very erratic, and the market was
excessively irregular. Mea awhile, the
railroad lists were rather sluggish. and
offered no resistance to the depression in
the Specialties except for a :ew stocks.
RELIEF OF MONEY MARKET.
The process OF relief of the New York
money market was continued to-day, by
further large engagements Of gold from
London, by a debit balance against the
Sub-Treasury of $l,27l, AL. and by demands
upon domestic centres. New York Ex-
change in Chicago rose from 10 cents dis
count to 10 cents premium: call money
in London rose 1-2 per cent, open mar
ket: discounts there rose Is 10 SIS per
cent. and the Bank of England raised it's
minimum rate of discount from IL 10 3
per cent. after having borrowed largely
from the market to raise the rate 30 the
level OF its own. The demand eor silver
dollars for shipment TO the West has led
to the Sub-Treasury' giving notice that
the dollars must be paid for In silver GER
tifcates or Treasury notes since the sup
ply of coin has been nearly reduced TO
the amount of outstanding silver certif-
Gates
BOND MARKET DULL.
The bond market continued COMPARE
| tivelv dull. but prices were well held.
Total sales. 81 10000.
United States seconds declined - and
the new As IA. while the old As. coupon,
| advanced IA. i'm the bid price.
The total sales of stocks were 25S,loc
shares. including 5.91 Chicago, Burling-
ton and quincy. 1880 Manhattan, 1881
Northern Pacific, $50 Union Pacific. 1890
ST. Paul, 1851 Union Pacific. preferred,
2i.77O American Cotton-Oil, 1880 Amerl-
| can Tobacco. $500 Chicago Great West
ern, 9,7O5 Peoples Gas, and 'o,o5o sugar
MONEY AND EXCHANGE.
Money on call 21-2a4 IL per cent; last
loan at per cent; prime mercaAdle pa
per. 4a5 per cent.
| Sterling exchange easy, with actual
business in bankers bills at A.8 3-iasi.S4
for demand, and at aa 1-4qA.Sl IL toi
sixty days: posted rates. A.2 l-2q$tS
| commercial bills. $3.50 1-24S4O "a
| Silver certificates. 81 1-iq62 Har SILVER
| 81 5-16. Mexican dollars, a u.
Government bonds weak state nohu'
easier. Railroad bonds firm.