Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-08-14
THE STOCK MARKET.
ANIMATION YESTERDAY WAS LESS
MARKED THAN WAS EXPECTED.
NORTHERN PACIFIC WAS IN DEILHD.
II Added Another Point to It's Price
The Southern Railroad Continued
Depressed on Account of Yellow
Fever.


NEW YORK, August 13.-The animation
Of to-day's stock market was far less
than that of last Saturday. and the net
gains on the days transactions were
much less striking. The actual signing
Of the peace protocol brought no enthu-
siastic buying, but, on the other hand,
1t brought no realizing sales. such as are
event heralded and discounted. There
was a large and steady demand through
out the short session of the Exchange,
which held prices quite firmly through
out the list. Active buying in few
stocks was conspicuous. and especially
Northern Pacific common. which added
another point to its price in the course
of the day. The Changers were strong
and Union Pacific showed an advancing
tendency. The Southern railroads con-
tinued somewhat depressed, owing to the
yellow-fever cases reported at a town
I'm Louisiana. Even in the absence OF an
epidemic. the precautionary quarantines
are likely to interfere seriously with
railroad traffic. Kansas and Texas pre-
ferred dropped of point under this in
fuence Very notable advances were
shown by the Rubber stocks. Tobacco
and New York Air Brake.
DECREASE IN SURPLUS OF BANKS.
The large decrease OF s6,1a.l5O In the
surplus reserves Of the banks was with
ont effect. The closing was generally
firm. only a few stocks showing slight
recessions from the best. The dealings
IN stocks this week rose fully million
shares over those of last week. out are
still almost million shares below those Tor
the corresponding week last year. The par
value of the bonds sold at the Exchange
during the week was, however fully
equal to that of last year, and exceeds
s2l. 100000. The financial chronlclers
compilations shows that the forty-seven
railroads reporting earnings for me hrst
week In August show an increase Of l7O
per cent. over last year. The general
Improvement in business reported nom
ALI branches of trade, beginning with the
iron trade. has given strength TO the
Industrial stocks, as well as the ran
road stocks. The money market has
taken on a somewhat firmer Tone Ghere
has been some increased demand from
interior points for New York money
hut the week shows net receipts In taVor
Of New York still. United States as nave
| advanced half in the bid prices. others
are unchanged.
MONEY AND EXCHANGE.
Money ON call steady at l IL per cent
| nrime mercantile paper, 1-4g4 per cent:
| Sterling exchange steady, with actual
business in bankers bills at $3.50 La
| Ss5S-4 for demand and AA Ia TOT
sixty davs; posted rates, A.a l-2aAso and
"a Ss9s4s6 IL: commercial bills. aS.
silver certificates. SO S-iQ5s IL; bar Sill
yer 70 as: Mexican dollars, 40.
| Government bonds firm.
BANK STATEMENT.
The weekly bank statement shows the
following changes:
surnlus reserve, decreased, sB.7sl'loo.
loans. increased, 1891, 400.
specie. decreased, s2,76S, 500.
I'esaI tenders. decreased, S.0sl,sOo
Denosits increased. $4,000
Circulation. decreased, si2,7Oo
THE hanks now hold SS.lll.s5 IN excess
- the requirements Of the % per cent
rule. ..o,o,.
| Srw WORK STOCK QUOTATIONS.