Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-10-19
STOCKS SLUGGISH
DRIFT
PRICES DRIFT AIMLEssLY
TUROUGHOUT THE DAYS SESSION.
ANOTHER RAID ON TOBACCO
This on Announce That the
PIuy-TobnccO Deal Had Fallen
Tbrough-Wheat Prices Advance
sbnrpIy-Other Markets.

NEW YORK, OCTOBER h.-IIlCes VI
stocks drifted sluggishy and to all APP
pearance aimlessly all through the days
session. The almost stagnant condition
% the market was scarcely relieved by
a single feature. Even the trust stocks
feu into neglect after a long period of
erratic fluctuations. Tobacco was raid
ed down at the opening, on explicit an
nouncements that the much-talked-of
nlue-tooacco combine had once more
fallen through There was injected into
the dullest portion Of the days trading
two successive transactions OF 12JO
shares and G.OO0 shares. respectively, of
Tobacco. preferred, at rs; sellers 3d.
This represented a transaction Of over
s27 co0 and was supposed TO show the
disposal of the company's treasury stock
applicatior for the listing of which was
made Yesterday. The common stock was
rather feverish for a time after this sale,
INT settled down into steadiness and
neglect.
TPTURN IN SUGAR.
rhore was an upturn i'm Sugar also
during the day. which was explained by
the news that certain grades of soft SUI
gors had been advanced in price Realizing
| consequently wiped out practically all
Tho railroad list held generally firm
| through the early part or the DAY, put
subsequently eased off. in sympathy VIII
| SUGAR and the Northern Pacihcs. Inc
daiiv otfack on Coalers lacked vim, ana
tba decline only reached a point in New
| Iersev Central. The traffic statement OF
| g, pouI for the second wesk in October
| shou,ing an increase over last years large
| earnings of nearly $4,000, Is naturally a
| nrettv fair indication Of what is gong on
| - tba grain-carrying roads. All reports
Gree that IT is difficult TO secure enough
cars to meet the demand for the 1relsht
movement, both eastward ana WESTWARD
bound. .
APATHY EVERYWHERE
The speculative public apparently Vi S,s
| these developments with apathy ne
| 49, onothv existed to-day i'm all the
| security markets OF the WoIlu' tig 80, 90,
| On Tondon being attributed 10 waiting ioi
Lore eettIed political conditions and Inc
| nar,nIotion of liquidation i'm Berlin grow
,,e, ont Of the money stringency there.
iTba nrocess of accommodating eXchang'
80 g. going on from day TO day, an'
the hanks continue TO gam cash from VII
eub-Treasury. The final allotment ol 90.
eminent 2S from NdShlHSlOi 0tNN~
rrohabIe that government deposits In ma
,ional hanks will soon approach $lVoVJ''v''
after which the running deficit in the reve
nues is expected to steadily diminish I'M
amount.
BOND MARKET DULL
Bonds were dull, but were hrihiy hei
.o-Sav Total sales, $4,000.
Tinted States old As, REGISTERED. 40
vancad Is: do. coupon and the 5s' l.
y" Tho total sales of stocks were l'o'1
shares including 5,s2O Metropolitan street
RAILWAY 95J6. Northern Pacihc' SUB -
PM "a ss5 American Tobacco, B's'1 40
| nrefarred and 1910 Sugar.
MONEY AND EXCHANGE.
) Money on call steady at 2a2is per GEM
! last loan at pa per cent; prime mercah''
I naner. 1-l64 per cent. - .,,,
: Sterling exchange steady, WIN ac,u |,
= hneiness IN bankers bills at @ ot - .,
ttsmE for demand, and at Aahsgsi' 81 81
: Cor sixty days; posted rates, SfS-aS'''-
= and "a 81. commercial bills, SSOls. H.
. SILVER certificates, 60 1-4ddl. Bat sliVe
+, ca Mexican dollars, 46%.
e Government bonds strong. o'a'e poi''
e s,rone. Railroad bonds firm.