Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-05-04
STOCKS UNCERTAIN.
rurY LEAVE OFF GENERALLY
LOWER.
sTgEL AND WIRE SHARES FIRM.
.,,s,cd negotiations Looking TO the
consolidation Of n Number OF Thssc
.,,crtic.-Whcnt Strongcr-Fro-
.t.tons Lose.

>rV YORK, May s.-The stock mar
moved IN an uncertain manner to-
and left on, generally lower. with
.,. declines most aocentuated IN 'he
,.rs consolidated Gas. Sugar. and
.,, spirits. Commission-house busi-
.s small. and London and num-
l Professionals realized profits on
.,sscht az the low figure yesterday.
s 20 The buying appeared to be for
"-' OF shorts. The early trading
o'..15 The strength of yesterdays
'. nst realizing. and sales on the
t,t recovery had been too rapid,
t"' ~. snap ont Of the market The
t''N ol the COalcrs was on heavy
prominent holder who had
f- ,.--,lrg a long line OF these proper
pissgpointment was expressed in
,., .,,rrtcr that no announcement was
S,-tbe1nuc concerning a coal deal. now
,sst .fc New Jersey Legislature has been
sIMrrcd for some time.
rre steel and wire stocks displayed
e-mrcss. on the belief that negotiations
,.r. ,cnding TO consolidate a number
~ thlso properties. Although nothing
..s.tc as TO tho details could be learn
% WIS H1A0 AliAA a &dliAaAALdllDm u
o.o- hllf a billion dollars was contem-
plated. The application OF American
s,ac. and Wire 10 be listed by the Ex-
change. together with dividend gossip,
was an aid 10 that stock.
brooklyn Rapid Transit fluctuated
widely, and closed with over point adj
vance. Peoples Gas and Pacific Mail
were also strong. The general railway
lst was fractionally lower. Consolidated
Gas recovered somewhat on covering, but
On tho increased cutting Of s'as, prices
again broke several points. ana closeu
nearly two off on the day. The arrange
ment TO retire the first preferred s'och
~ Minneapolis and St. Louis caused
risc of over points I'm the second pre-
ferred. The closing Of pool accounts !"
American Spirits and Sugar was sald ID
account FOR the weakness in these proper
ties. ,,.,..r
The market closed weak.
Most of the prominent bonds issues
scored Improvements to-day, with the ad-
vances quite marked in some cases. Total
sales S215o0O0. United States rs, coupon
and the new IS, coupon, advanced l-o In
the bid price.
standard on. 4S7 1-2qiSS1-2
Tho total sales Of stocks were $500
shares. including Atchison. preferred.
1o1q5. burlington. 12.65S; Louisville and
Nashville. 500. Manhattan, 22.6S5; Metro
uoltan Street Railway. $500; Reading, LIST
rreferred. Il 20 Missouri Pacific. 5.l50;
Northern Pacific. 1885; Reading 600; St.
paul. $3.50, American Steel and Wire.
C. o70. Union Pacific. preferred, 6.s62: Fed
erai steel. 1880, Peoples Gas, 3S'foO; Com
sobdated Gas. 9145: Brooklyn. 65,l65. Con-
tirental Tobacco. 2O9So; Sugar, $500.
MONEY AND EXCHANGE.
Money on call steady, at 4Q5 Per cent;
last loan at 4: prime mercantile paper
cl-eQ41-4 per cent.
sterling exchange easier. with actual
business in bankers bills at A.S la
sfNS4 for demand. and AS l@%d$.s5 80
for sixty days. posted rates. AS6 - and
&s31-2: commercial bills. Si8i l-2pS4.S5.
silver certificates. CO l-Sq62 S-4. Bar sill
yer a7-S Mexican dollars, As IL.
Government bonds strong. State bonds
inactive Railroad bonds strong.