Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-03-11
STOCKS APATHETIC.
CONTINUED UxEAsrNEss REGARD
ING CUBAN SITUATION.
MONEY pERCEpTIDLY EGS
Sterling Exchange Wenk-Bonds
Wenk-Wheat Wcak-Corn, Oats,
and Provisions show Little Change.
Cotton Egsy.

Cotton Eesy.
NEW YORK, March 10.-To-day's stock
market showed a further contraction in
the volume Of dealings and an apathetic
tone in the trading. which indicated the
prevailing disposition to refrain from
speculative activity until conditions be-
come more settled. There is continued
uneaslness regarding the Cuban situa-
ton, which finds its reflection in the
large offerings Of securities on any sub
stantial advance. 1t is the evident senti-
ment. also, that the present conditions,
so far as they are known, do not favor
a further violent decline in prices. There
was a strenuous attempt to-day to mark
up prices. with the purpose OF plnching
small bear traders, and also for the
purpose of realizing at the high level.
This manoeuvre, which proved so success
full yesterday and Tuesday, brought cut
such abundant offerings that it was soon
abandoned, and the bears retained con-
troll of the field for the rest of the day.
a small amount of arbitrage buying for
London account aided in the early re-
sistance to the decline, and the strength
of special stocks tended to the same end.
st. Paul was well supported. in antici-
patton Of the dividend declaration, which
was at the rate OF per cent per an
mum, though the increase over the re-
cent rate was called an extra dividend.
TObocco WAS alSo sf feature apd
helped to sustain the specialties. Its
tone was, however. decidedly feverish.
Pittsburg, Cincinnati, Chicago and st.
Louis underwent remarkable series OF
fluctuations. going as low as II IA and
as high as a., apparently due to con-
test between rival spectators TO uncover
each others margin. The stock closed
unchanged.
The unsettled and uneasy tone of for
eign exchanges, especially the weakness
Of Spanish As in London and Paris.
helped materially to defeat the efforts to
advance prices. The continued influx Of
gold failed to have any effect in sustain
ing the market Neither did it save the
foreign exchange market from a fall Of
an additional fraction.
There was a perceptbly easier tone in
the rates for call money, loans at the
are still 10th 70 make time loans.
A large part of to-day's selling was at
tributed to Washington account. There
is no doubt that the bears employed the
usual channels for Washington selling,
for the sake of effect, and they accom-
panied it to-day by the circulation OF sem
sational rumors regarding developments
in the Cuban situation. Because of last
weeks Washington selling previous TO
the publication of the news Of Consul
General Lees requested recall, the market
Is extremely sensitive to any demonstra-
ton from that quarter.
To-day's net declines were about a
point or over. all through the list, which
did much to wipe out the advance of yes
terday and the day before.
Bonds were weak throughout the day.
I'm sympathy with stocks, the speculative
issues leading the decline. Total sales,
81. G65 600. United States new As and the
old As, coupon, advanced half, and the
IS q quarter, bid.
Total sales of stocks. 2s9, 400 shares. in
Guiding Chicago. Burlington and Quincy,
26.275; Louisville and Nashville. 800
Manhattan l.. 1926; New York Central,
6257; Northern Pacific, S75, Northern
Pacific preferred, 15,OS; Rock Island.
6GS5; st. Paul, 25,775; American Tobacco,
IS, $50; Peoples Gas, S,675; Sugar, 35,5S.
MONEY AND EXCHANGE.
Money on call easy at la2 IL per cent;
last loan at l per cent; prime mercahtiie
paper, 4Gti II per cent.
Sterling exchange weak with actual
business in bankers bills at Si.S "a for
demand and $3.50 S-4a$iSl for sixty days;
posted rates, si.S2GiSi.S3 and 81 S5qSis9 IL
I, -
silver certificates, "a l-2noo. bar shFei'
H3-4. Mexican dollars, "A 81.
Government bonds strong. STATE pohus
dull. Railroad bonds weak
STOCKS IN LONDON.
The Evening Posts financial cablegraHi
saws: The stock markets were quiet mere
To-day during the progress or the settie,
ment There were no fresh poIltie",
scares. but the markets were Weakeheu
nv fears OF the settlement to-morro"
i,aree losses have been made In Glaiu
Trunk. American mines, and Brazlls' Inc
latter concerns Paris as Wen. SEVERE.
firms are i'm difficulties, but learn 'ha'
the largest will be helped over anu piOD,
ably only one or two small laliureS VIII
be announced. ,-or
americans were Iifeless. for the reason
stated Gold is in strong demalS ior ~
yor, at us. 10 I'D. Bagles VIII propapiy
Leave the Bank of England tomorrow.
petals OF the gold movement Tor lhe
week show the shipment OF tZloWV &c
south America, the sale OF SooVo1 III
American gold coin, the receipts Oh ~Ht'
900 frou Australia, and the purchase oi
eloOoo in French coins ana OF @'-''VV IL
Japanese coin. ..oo,.. ,,-oro cold
spanish and Brazilian stochS VIZ '0'N
81. fropo Paris at the close here.