Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-05-24
STOCKS UP A NOTCH.
DEALINGS NOT LARGE, THOUGH,
AND THERE Is LITTLE ACTIVITY.
Spain. at Least II IL Thought, VIII
Shortly Sue for Cessation of Hos
TITLES = Wheat and Provisions
Down.

NEW YORK. May 23.--The level of tn,
prices of stocks was lifted another motel
as a result of to-day's trading. The deal
ings were not large. and there was No
general activity in the market. At tn,
same time II was noticeable that a mum
Der OF usually inactive shares were
moved, and this gave the market the
appearance of a broadening tendency
which a closer analysis did not atoge aer
confirm.
There was a good market for Amcri-
cans in London. and prices were well
sustained, on a belief that Spain would
shortly sue for peace. There was a CO.
incident rise Of point or over I'm Span-
ish As In London and Paris A rum,r
that this was due TO a pending Franco
Spanish alliance did not hurt Americans
| In London.
Traders realizing in the late dealings
caused break of nearly points I'm Pull
| man, of IL in Consolidated Gas. and
of points in New York Air-Brake. The
result was an unsettled closing. consid-
eraDly below the best In some cases.
ana with net gains as a rule only small.
~~--@
MONEY RATES LOWER.
The rates for money continued to drop.
and the desire for Some evidence of more
active demand. as indicating business ac-
uVlty, began to extend outside the cir
Gle OF the money-lenders. The accumula-
ton and holding of exchange resulted I'm
further advance of ii cent in the rate
for demand sterling, and of 3-i cent for
sixty-days bills. Discount rates declined
In London. Berlin, and Paris, in conse-
quence OF the release of those centres
from the pressure of exchange for New
York. Railroad bonds were narrow and
inactive, but prices were well held Total
sales. Sl,550,00O United States new As.
declined Ia in the bid price. Others were
unchanged.
The total sales Of stocks were 2792
shares, including Atchison preferred.
S,05I; Burlington. 1850; Louisville and
Nashville. 1926; Manhattan. 9,so2; Metro
politan Street Railway. $780, Chicago
and Northwest. f4i0; Rock Island, 1880;
st. Paul. 1855; Union Pacific preferred.
1928; Wheeling and Lake Erie, $3.50;
American Tobacco. 1928; Peoples Gas,
$780, Sugar. 13.155; United States Leather,
a0l0; preferred. 20,4i0.
MONEY AND EXCHANGE.
3P. M.-Money on call. 1a1 1-2 per cent.
laS loan at lml IL per cent; prime mer-
camille paper, 41-2d5 IL per cent
Sterling exchange firm. with actual bus
mess i'm bankers bills at Si.S6 1-2gA.S6 81
for demand, and at $4S3 3-ias4.& for |
sixty days; posted rates, A84l -2 and |
A6 1.2; commercial bills, Si.S2 1-2NA.S3.
Silver certificates. 81 3-Sd5S Ia. Bar sill |
yer. 81 1-2. Mexican dollars, 45 Ia.
Government bonds weak. State bonds |
dull. Railroad bonds firm.
STOCKS IN LONDON.
The Evening Posts London ffnascial |
cablegram says: Further receipts of gold |
and the rumored settlement of the West |
African difficulty strengthened all the
stock markets here to-day. The rise was
also assisted by the strength of foreign
bourses. There were no public dealings,
however, and the business to-day was
principally bear covering.
Americans were stronger Denver and
Ric Grande and st. Paul leading. 1t is
said that the latter may be scarce for
at the settlement to begin to-
There was a further rise of one point
in Spanish As.