Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-04-30
STOCKS ADVANCE.
THE MARKET, HOWEVER, RE-
LAPsEs INTO DUILNEss.
STRENGTH QUITE GENERAL,
Money on Call F1rmer-Stcrling Ex-
change Wcak-Whcat Unsteady nj
n Decline - Provisions Irregu-
lar.

NEW YORK. April 29.-The bull cam
paign inaugurated yesterday was. con-
tlnued with aggressive vigor to-day In
the stock market. and prices were lifted
from / to 4 points throughout the active
list. The sharp advance did not bring
out any large amount of offers TO realize.
but there was some proft-taking, APP
parently by small traders. in the late
dealings, which clipped of the extreme
gains for the day. 1t was notable. how
ever. throughout the day that any
marked reactions in prices were Of short
duration. and the market soon relapsed
into intense dulness.
The strength Of the market was quite
general, but some Of the specialties. no
tably Sugar, Manhattan. and Metropoli-
tan Street Railway, moved In more or
derby fashion than the general list. The
Changers, as usual, led the railroad list.
Foreign exchange was lower, demand
sterling breaking sharply IL, TO asa.
The discount rate in London also de-
clined. This led to renewed talk of gold
imports. and the stiffening in the call
loan rate was q further factor toward
this end. There was increased inquiry for
railroad bonds. with the promise Of
easier conditions in the money market.
Prices moved upwards to-day on an
increased volume % business. Total
sales. 81, 10000.
BONDS STRONG.
Government bonds were strong. The
new fours. coupon, and the twos ad-
vanced ] per cent. The new fOurs. regis
tered. and the old fours. registered. L.,
and the old fours. coupon. and the hves,
coupon, II per cent. in the bid prices.
There were also sales Of the new fOurs,
both coupon and registered, at advances
Of II over the last sale price, but the
old fours. registered, showed a decline
Of Is on actual sales from the last
price.
The total sales Of stocks were 1850
shares. including Atchison. preferred,
6.3l7. Chicago. Burlington and Quincy,
1882: Louisville and Nashville, BOO;
Manhattan L.. l2.222: Metropolitan Trac-
ton. 1886: Northern Pacific. 1856; North
ern Pacific. preferred. 12.0S2; Rock Island
12.125: st. Paul. 1906; Union Pacific, pre-
ferred. 2.032; American Tobacco l""0i
Peoples Gas. 5.5s9. Sugar, 1901.
MONEY AND EXCHANGE.
s p. M-Money on call frmer at 2l4a3
Der cent: last loan at 21-2 per cent;
prime mercantile paper. 6q7 per cent. .,
Sterling exchange weak, with aclual
business in bankers bills at A.S4a$ASf II
for demand and HAQ$ia1 Il for Sixty
DAYS: posted rates, $4S1 1-2QAS and
AS 1-2.
Silver certificates. 81 3-i057 3-S. Bar ST.
yer. IS rs. Mexican dollars. 45 Ia.
Government bonds strong. state bonds
dull. Railroad bonds strong.
STOCKS IN LONDON.
The Evening Posts London financial
cableeram SAYS: The stock markets here
were good. on the continued arrivals OF
gold. nearly 100000 coming in today. /
have reason 10 believe. however, that
there is not much more to come from
Germany or France. There IS a slight
American demand for gold.
Americans opened above the New York
market. and were a good market, closing
slightly higher. Canadian Pacihcs were
strong. on the expectation OF the end OF
the rate war.
The West Australian market troubles
continue. and will not be arranged until
next week. There were four failures to-
dav. and more are expected.
BANK CLEARINGS.
The total bank clearings in the United
States were $1.093, Al JIG; per cent. in
crease. PSI. Exclusive Of New York, H6s'-
on GG5: per cent increase, 1871.