The times. [volume] (Richmond, Va.) 1890-1903, 1898-03-10
LISTLESS DAY ON
STOCK EXCHANGE.
Feverish Tone Of Foreign Markets Re-
Elected Somewhat.
FOREIGN EXCHANGES ARE WEAK
Wheat Rose n Little But Closed About
Evcn--Scptcmbcr Advances Three
Fourths-COrn, Oats and Pro-
visions Are Strong.

NEW YORK March o.-Trading on tho
Stock Exchange Wa lstless all day. with
the exception Of an early burst OF ac-
tivity. There were buying orders az the
opening, and there was additional in
centiNe on sharp recovery In London
exchange so professional traders who
were seeking the vulnerable points in
the armor of the bear contingent sue
Ceedlng i'm bidding up prices 10 uncover
margins OF some OF the shorts. The re-
suit was scramble 10 cover helped the
rise, which WAS most marked in the spe-
Galtics. but which extended up 20 a
point also in the railroad list one I'M
important failure resulted from the
squeeze OF the shorts. After the Teduc-
ton Of the short interest prices sdgged,
with only occasional slight interruptions.
during tho remainder Of the day. In the
late dealings the level Of the market had
fallen practically TO last nights level.
but hardening at the close resulted IN
small gain throughout the list. The
progress Of O. periodical on tho London
exchange caused some buying here for
that account. The fevcrish and unCcr-
tain tone of the foreign markets was,
however. more or less reflected here. The
weakness on foreign exchanges on reports
of international trouble I'm Brazil also had
ITS influence in unscttilng the local stock
market Realizing in New York Central
after the declaration Of the regular quar-
torly dividend had "a depressing influence
on the list The continued engagement
of gold for import had no influence. in
view Of the hardness OF money rates,
the stincnng of time money and the
increased eXactiOns Of lenders on mercan-
tile paper. both here and at other do
nestle centres Foreign exchanges con-
tinucd weakness, the actual rate Tor de
mand sterling falling 10 1855, ana the
posted rates being, reduced - both Tor
long and short sterling. This was IN spite
Of stinening of the discount rate IN
London. which was. however rejected
300 rise ia sterling exchange poth ~
Paris and Berlin
The bond market was duh to-day. and
Ghcrc were some rcCcsses from early
prices. but the tone was irm. loldl
sales 81 10000. United states new 4s,
registered. advanced IA do. coupon and
the old as registered. 1. old As, coupon
% and the IS. bid. 1900.
Thc total sales or stocks were 243.JO0
shares including Chicago. Burlington ana
Quincy % 1856. Manhattan. 1890 new
York Central 9OW. Northern Pacihc
T. 40. DO. pteferred. 11.1Jo. Rock Island
7SqS: ST. Paul - l92. American Tobacco
ID 900. Peoples Gas. j,1J0, sugar S9'o-o
MONEY AND EXCHANGE.-Money on
call steady al 2H21 per cent; last loan
20 per cent; prime mercantile paper
4d43 per cent Sterling exchange weak
af 4s37s4S3 and 4Sja4Sji2; commercial
bills fS0i2. silver certificates. - NI1c. .
bar silver. 54lt. Mexican dollars, 44'f.
Government bends strong; state bonds
dull. railroad bonds firm.
The Evening Posts London financial
cable says To-day's settlement IN the
stock markets has revealed compdra-
lively small account an account OF recent
foundations. and considering the dearest
Of money stocks were lightly dealt in.
This was noticeable in Americans. The
scttlcmeut iu that market shows that
as result of the recent heavy liqulda-
tions he account is smaller than Tor
months past. or else the stock has gone
iuto stronger hands. At the same time
tho recent shake out was so severe that
undoubtedly the next initiative will have
ro come from New York A weak bun
account was disclosed in Grand Trunk.
where the cOntagOs were as high as -
nor cert. The general tone i'm all the
markets was better and calmer to-day
hut the clos. was under the best. The
-hrewdcst hnancers mere look for no inn
mediate recovery in the best Investment
stocks. because of dear money, but II is
believed that speculation may revive after
Tine floating of the Chinese and other
loans. Gold IS stin being bought for eX-
poet 10 New York. There was sharp
Fan I'm Brazilian stocks at the close. EN-
change is down d. Private cables re-
mort "a suspension of business I'm Bombay
in consequence of riots.