Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-05-19
STOCKS UNSETTLED.
PRICES GO DOWN UNDER AT
TACks OF THE BEARS.
CLOSE OF MARKET VERY WEAK.
Figures ut the End Generally mt the
Lowest OF the Day-The Grains Adj
wance-POrk Unchanged-Lard and
Ribs Gain.
Ribs Gain.

NEW YORK, May ls-The day ended
on the Stock Exchange with the bears
apparently unoppOscd, and in complete
possession OF the market. They made a
fierce attack on prices along the whole
line in the final hour, after evidences Of
realizing at various points in the list had
become quite palpable. The largest vol
ume of profittaking sales came upon the
market after quite an extended list of
railroad stocks had been taken I'm hand
and pushed up to n decidedly higher level.
This movement in the railroads contin-
ued after the leading Specialtes had be-
gun TO go down, and gave suggestion of
a shifting of speculation by taking pro-
fits from the Specialties and putting them
into railroads. But the railroad list sue
cumbed TO the late attack, many stocks
losing between ln2 points, and BurllnS-
ton dropping points below the high
point OF the day. Practically all the
earlier gains in the railroads were wiped
out, though small net advances rcmalheu
in very few cases.
Prices were marked up at the opening
to accommodate the outside public, VINO
were coming in to buy after yesterday ;
notable advances The demand from
that source was soon satisfied, prices
yielded, and the market fell into dulness
at the decline. Losses were sharpest, Oh
course. I'm those stocks which nave DeSIi
rushed up during the last few days.
The railroads showed pretty good re-
sistance, and Manhattan was notably
strong touching ia. Minneapolis, 81.
Paul and Sault Ste Marie, which had not
moved in a long time, became brIskN &C
tive. the common STOCK fSlnS VIZ anu
the preferred 612.
SPECIALTIES SAG.
As the day progressed large demand
sprang up for AtchisOn, preferred inc
Changers. Union and Northern Paciilc,
and other standard railroad stocks. III
was under cover of this movement IN lne
railways that the realizing Of prohts III
the Specialties occurred Nearly all the
Flower specialties, Sugar, ana IoDaCco
began to sag under the weight OF tne
sales. In the fierce attack whicp the
bears were thus encouraged 10 make on
the market. Sugar and Metropolitan drop
ped over points Brooklyn transit ~
and a number of other Specialtles points
or over. $1,000, ...,,o4
The closing was very weak and unset
tied. Sugar alone rallying over a point
on the taking of bear profits Dut me ne
prices generally ending at the lowest Oh
the day. .,..
OF the day which seemed to influence the
trading. unless il might be further hard-
ening Of the rate OF eXchahge, "niIii
continues 10 rise. and Is near the solu1
inport point. in spite Of the continued
ease Of money and the apparent album
dance of funds both here and in the in
terror. -. 1870. 10,
There WAS no decrease in the heavy de-
mand for the new bond issues or some OF
The railroads. notably the Central IacllJi
REORGANIZATION issues Prices or ralrodu
honds held notably firm, I'm the lace OF
weakness of stocks. Total sales @Wo' W.;
United states IS advanced Is In the Dio
price ..,,. ,,.ero ~ Qoo
shares including Atchison,, NV; A ~ 5oa.
SON preferred. 81, 500; Central Pacihc, e'ZVo'
darlington. q $50 Louisville ana Ndsn-
vile lisp; Manhattan, 1870; Metropoh-
Tan street Railway, 7,05; Reading, ISL
preferred 1000: Missouri Pacihc' o,Vlo;
Northern Pacific. l,4OO; ontario anu
Western S.O62: Rock Island, 1,H5; Union
pacific. 15.52O: Union Pacific, preierred'
8 40. St Paul 3O,3jO; Southern Pacllle,
Il 10: American Steel. 7,I75; Paper 9'yso'
Tobacco 9.G2G: Federal Steel, 442I5; Fede-
raj steel preferred 1875; People Gas,
20 $50; Brooklyn Rapid Transit, 1872 80;
Continental Tobacco. 15,T-; sugar, ef'-oo'
Rubber. l3.l5O; St Louis and southwest
ern. preferred. 7lOO.
STANDARD Oil, 47jnfS.
MONEY AND EXCHANGE.
Money on call steady at 2l2QS per cent.
last loan at per cent; prime mercantile