Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-05-06
STOCK MARKET WEAK
THIS TONE PREVAILS PRACTICALLY
THROUGHOUT SESSION.
CLOSE At ABOUT THE LOWEST.
Continental Tobacco, other Special
ties, the Changers, and the Coalers
Particularly Weals-The Grain Mar
kets Weak and Lower.

NEW YORK. May 5-The stock mar
ket was Of a highly professional order
to-day, and although support appeared
from time to time In particular stocks
the tone was weak. practically through
out. The Changers. Coalers. and a num-
Der OF the Specialties, particularly Brook
Ign Transit Peoples Gas. Sugar, Ameri-
can Steel, Continental Tobacco, and Ana
conda were especially weak. The fever
ishness OF prices. accompanied by bear
pressure, induced considerable liquida-
ton. London was a purchaser Of mode
rate amounts. but not enough to sustain
the International stocks. While the
bank statement can never be forecasted
with any accuracy, it is known that the
banks. on the out-of-town express move
ment and Sub-Treasury operations. sus-
tained loss in cash OF about $500 900.
This. together with the understanding
that to-morrow's statement would no.
reflect the 100000 debit, on account Of
the Spanish indemnity payment. led
traders 10 assume that the showing will
not be altogether favorable. because OF
the financing Of Industrials and the sub
scriptions 10 the Amalgamated Copper
Company.
The understanding, however, that the
Sub-Treasury will cash 100000 In In
demnity warrants next week was regard
ed as likely 10 make large addition to
the loanable funds which Will be re-
fected in subsequent bank statements.
TRANSVAAL TROUBLES.
Domestic news was scant, but the pos
sibility OF British complications over
Transvaal affairs received some notice:
There was some Liquidation Of marginal
holdings by spectators discouraged at
the seeming lack Of inside support in GER
tain properties, and the confident opera
ton of bears. The market closed weak,
at about the lowest
Standard Oil. 4e6ai9s
a fairly good tone was maintained
throughout the day In bonds, which
moved Independently Of the stock trading,
although a few prominent issues were
under pressure: Total sales; $50 coo
United States IS. the new As. coupon,
and the old Is. registered and SIS. regis
tered, advanced y in the bid price.
The total sales of stocks were 4s2.lC0
shares. including Atchison, preferred.
S $50 BgGTTnst0a DT $ Mq 5a6 Mia
souri, Pacific, 600; Northern Pacific, $685.
Rock Island. sos; st. Paul. 1869; Ameri-
can Steel and Wire, 15.5J0; Federal steel.
1925; Peoples Gas, $50: Consolidated
Tobacco. 1850; Silver Certificates. 1900;
Sugar, 1915; Chicago Great Western,
$50.
MONEY AND EXCHANGE.
Money on call. 3lsa4 per cent; last loan
at per cent; prime mercantile paper,
3lzH4A per cent
Sterling exchange firm, with actual bust
ness in bankers bills at Si6AMstS1lz for
demand and $4S54qSiSis for sixty days.
posted rates, As6l4GAssls; commercial
bills. $LSi12l4s5.
Silver certificates, 61ld62; bar silver.
81: Mexican dollars, rs.
Government bonds strong. State bonds
easier. Railway bonds irregular.
BANK CLEARINGS.
Total bank clearings in the United States
for the week. 2,l629lS,80l; per cent. in
crease. sos. Exclusive of New York, $7l6,-
Qq9 142. ner cent increase. 81.