Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-09-30
TOBACCO ADVANCES.
ron THE FIRST TINE THIS WEEK
THIS Is THE CASE.
STOCK LIST GENERALLY DULL,
IL shows Comparative steadfness
when Concerted Attacks on spe-
cfaItics Are Made - Provisions
stendy-Othcr Markets.

NEW YORK, September 29.-Ths Bur-
lington August statement furnished a.
lever to-day TO carry prices upward. and
this development was the only factor of
consequence bearing upon the general sit
uation. 1t is true that the Industrials 10
n considerable extent dominated the mar
ket, but speculation showed a tendency
to ignore fluctuations in this group. This
circumstance caused some favorable COM
ment, as did the fact that the general
list lapsed into dulness and showed COM
parative steadiness when concerted at
tacks on the Specalties were made. Lon
don quotations indicated a more favora-
Bile disposition toward Americans abroad,
which was reflected in good buying here
throughout the day.
Operations by the bear faction were re-
newed in various directions, with Man
haitian looming to the front. Tobacco. of
course, was the most vulnerable point.
and soon yielded to 125. Covering by
shorts put the price back to 1-2, and
intermediate fluctuations between that
and the close at 12S IA were accompanied
by violent dips. The stock generally
speaking, showed better tone. and end
cd for the first time this week with a net
advance.
BEARS ROUTED.
An analysis of the Burlington figures
proved that the fears concerning it en-
tertaned yesterday were groundless. and
there was brisk movement to cover
which advanced the price almost points
The bears had counted on accomplishing
liquidation in the railways on the publ
cation of the report, and its good recep-
ton in the street put them TO rout and
large lines were covered. Prominent in
terests were ranged on the long side for
awhile, and the sentiment became more
cheerful.
Call-money rates sagged to 21-2, late in
the day. The action of the government in
anticipating the November interest, cou-
pied with the early receipt OF large
amounts Of gold in transit, were respon-
sible for the decline in rates. Time money
was also quotably easier for the shorter
periods. and some prime mercantile pa
per was discounted at IL per cent. Con-
siderable pressure was concentrated
against Sugar as the day drew to a close,
but the stock soon recovered and ended
firm I'm common with the remainder of
the list. which established slight gains.
BONDS FAIRLY ACTIVE.
Bonds ruled fairly active, but irregular.
Total sales, a,9S3O0.
Government bonds were trifle easier,
the 3's reacting is per cent.
The total sales Of stock were 1900
shares. including II. ITO Atchison preferred
IS. 4S5 Chicago, Burlington and Quincy; o.
$50 Manhattan; 29,225 Northern Pacific;
$500 Union Pacific; 11,4o0 st. Paul; $3.50
Union Pacific preferred; 1870 Tobacco;
0 2SO Peoples Gas; $4,000 Sugar.
MONEY AND EXCHANGE
Money on call easier at 1-2q31-2 per
cent: last loan at 21-2 per cent; prime
mercantile paper, 1925 per cent
Sterling exchange easier, with actuai
business in bankers bills at S4.SfaS4a IA
for demand and at $Sl 1-2qSi.S1 81 for
,ixty DAYS; posted rates. Si.s2qA.2 IL and
uS: commercial bills, $3.50 1-2aAa
Silver certificates, 61a62. Bar silver
Ct IA. Mexican dollars, a IL
Government bonds easier. state pohuA
firm Railroad bonds irregular.