Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-11
STOCKS IRREGULAR.
THE RAILROADS GENERALLY
FRACTIONALLY OFF.
SPECIALTIES IN SPECIAL FAVOR.
Tobacco Among Those Displaying
Special Strength-Bond Prices Move
Somewhat HesitatingIy-The Pro-
duce and Other Markets.

NEW YORK. March 10.-The movemen
of stock prices to-day was irregular, tn
railroads being generally fractionaIy Of
while some notable advances were recor,
ed among the Speclaltes. Local tracti,
stocks were buoyant, on the idea that IT,
action Of the State Senate yesterday di-
minished the chances Of hostile action i'm
restricting the use Of Amsterdam Avenue,
which would practically affect Third Ave-
nue.. which rose an extreme OF y points,
while Metropolitan steadily rose nearly
as much. Among the other Specialties to
display strength were Tobacco, American
Steel and Wire. Peoples Gas, American
Spirits, Standard Distributing. Consoli-
dated Gas, Brooklyn Transit. New York
Air Brake, American Tin Plate, Cotton
Oil, and Tennessee Coal and Iron, al
.hough the full gains were not maintain
ed.
The railways and some other standard
stocks sagged slightly for lack Of atten-
ion. on the announcement that divi-
dend of IL per cent had been declared
On Union Pacific preferred, the stock
sased, it having been previously falsely
.umored on the board that the disburse-
ment was per cent
In the early dealings Lead was the prin-
.ipal seller. while in the afternoon some
selling appeared for both accounts on
demonstrations that there would be an
other heavy decrease in the supply re-
.arve I'm to-morrow's bank statement, but
,rOphecies as 10 the bank statement based
m the known data Of Friday have often
IF late proved misleading.
SPECIALTIES IL FAVOR.
The action of the days market seemed
D. show that the Specialties were pre-
minently in favor with the professional
cement The early dealings were
satured by an atmosphere of interest III
ne high-priced securities. The standard
,tocks trliled along somewhat sympathe-
ically. but soon developed a yielding ten
tencv. In the late session, interest shifted
nto the low-priced Specialties, which had
.ot moved prOportionateiy with the rise
d the Industrial division in the morning
he last hours trading following the
MON Pacific announcement, was or an
xcept.onally uninteresting character
carcely any interest being evidenced IN
ne movement of prices. The closing was
ull and steady.
Rond urices moved somewhat hesitating
g. some active liens working upward
While others yielded, in sympathy WIN
,tocks. Total sales $3,35O,OOO. United
.ates new IS. registered advanced Il
the bid price. -oo -,
! The total sales of stocks were 52O'AV'
| shares. including 1880 AtchisOn, pre-
ferred: 35.O77 Metropolitan Street Ran
way; 1880 Reading. first preferred; o'5s'
| Northern Pacific; S.5S5 Omaha and West
IN; 1850 Union Pacific; SS,1i1 do pre-
tered: 2OS75 st. Paul; 1880 American
| steel Wire; 800 do, preferred; 90"
American Cotton-On; 20,476 American
Spirits: 9.1S2 do, preferred; 26,o0 AMER
| can Tobacco; 600 Bay State Gas; lo,5J'
Peoples Gas; 7,13G Consolidated Gas; g.
i23 brooklyn Rapid Transit; 1885 Sugar
h. o.O Tennessee Coal and Iron; o'es'
| United states Rubber.
MONEY AND EXCHANGE.
Money on call steady at 21-2aS - pei
cent; last loan, ? -; prime mercahtiit
paper, 31-lail-4
Sterling exchange easy, with actua
business IA bankers bills at $3.50 Ia
| Sl.S5 81 for demand and Si.3 S-lqsi.si toi
| sixtv DAYS: posted rates. Si.Si l-24@.o5 anc
siSf 1-2GA.S7; commercial bills, N.& La
%S. no.
D1-2: bar silver, 50 "a; Mexican dollars
i7l-2. 80.
Government bonds strong; State bonds
| inactive: railroad bonds irregular.
Standard oil closed 479, bid; $50, asked.
BANK CLEARINGs.
! The total bank clearings in the United
| stefes for the week were 1910, 1907; pei
| cont increase. 1873. Exclusive Of New
York. S659, $50, 40; per cent. increase SJ''