Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-10-05
STOCKS SHOW GAINS.
NET RESULT OF THE DAY IN FAVOR
OF THE BULLS. 81
TOBACCO WILD As USUAL
Drive Against Sugar De-
presses That stock Over Three
Points - Wheat and Provisions
Weak-Corn and Oats Firm.

NEW YORK, October 4.-Considerable
irregulartty marked to-day's operations
in the stock market. but the net result
was In favor OF the bulls, final prices
showing sharp gains in many cases. The
elements OF strength included the ST. Paul
statement for the fourth week OF Septem-
Der, gold engagements presaging, and
more general commission-house buying.
st. Paul was taken In hand at the outset
and lifted sharply. but improvement in
the general list was arrested by irregu-
larity in the specialties. The market.
generally speaking, did not take on de-
cisive tone until late in the session, when
heavy buying orders were executed all
around, which advanced prices materially.
The bears attempted to make capital
out of the closing OF the Tradesmen's Ma
tional Bank, but II was not an effective
card, as after period Of dulness follow
ing the announcement, prices worked up
slowly, until the movement assumed large
proportions in the late afternoon. The
futile efforts to bring about substantial
reactions in the railways, combined with
the ready absorption Of al! offerings,
aroused a more hopeful feeling. which be-
came intensified as additional encouraging
traffic statements came TO hand. Some
lines reported a falling off in income. but
this showing. it was felt, would soon be
counterbalanced by the elimination OF GER
tain unfavorable influences current at the
present time.
TOBACCO AND SUGAR.
Tobacco pursued its usual wild course.
concerted drive against Sugar late in
the day depressed that stock over three
points. Realizations occurred all around.
but better feeling prevailed at the close,
the market ending steady.
The bond market to-day developed con-
siderable activity, and heavy purchases
we're made of the current active issues.
The general tone was strong, and brisk
inquiry prevailed for some mortgages
which usually do not figure to any ex-
| tent in the trading, notably, 81. Louis
| and San Francisco liens. Total, 2,5OS.OOo
Activity developed in United States 3's
| to-day. a gain being made OF l-S. All
other issues are unchanged.
The total sales of stocks were N5,4i'
| shares. including 1867 Atchison preferred
| 1S.56O Chicago, Burlington and QUINCY
| 27 $50 Manhattan, 27120 Northern Paclhc
6.19O do, preferred; 15sl5 ROCK isi ~ III
$3.50 Union Pacific, $50 81. faul' LOO
| Union Pacific preferred. $3.50 Union IA
cidc Denver, and Gulf. s,755 American
| Cotton Oil, 800 Chicago Great western an
II 9a5 Peoplss Gas, 50, $50 Sugar, and n,SS
| United States Rubber.
MONEY AND EXCHANGE.
Money on call 21-2G3 per cent; last loan
nor cent: prime mercantile paper
i-2d4 1-2 per cent IL. .o,,,o,
Sterling exchange easier, with actual
hns,ress in bankers bills at s4.S4aSiSt -
for demand and siS l-2aA.a "a for Sky
d Hl posted rates, 3l.S i-2as4.S; CONNER
cial bills, $3.50 IL. oo pau s,lver
Silver certificates, 6ln62 bar sii'e'
01-s. Mexican dollars, 40 "a. -,
Government bonds steady. state ponu'
Arm. Railroad bonds strong