Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-21
STOCKS CLOSE WEAK.
,.rrnEsr OF THE DAY CENsE"s
LARGELY IN SUGAR.
TOBACCO SHARES ARE FEVERlSH
America" Leaves on Win p" Loss OF
- continental Siumps II III, and In
. Paints nj the End-W heat
,,trm-Othcr Markets.

>.rv YORK. March 2o.-The market,
49, sensational movement I'm Sugar
5 ,sc local transportation shares closed
t with mixed net changes Interest
',~torcd largely IN Sugar. in which the
.-..sacuons were over l9l 600 with a total
- .n9ut 10000 shares. Sugar opened with
-, advance Of about points. ran of 3'a,
..f then touched lS2. with a subsequent
,,rrrc ~ IS points. closing with net loss
about 5 points. The extraordinary
-.rycmcut Of this stock had a wide IN
e..rcc IN other directions. Brooklyn
transit was lifted over points. and then
DIS. much OF it's gain. Pronounced
ssength appeared IN tho Nandcrhilis'
Union Pacific. Northwestern. the Coaieis'
ana Chicago Terminal preferred whHe
some OF the Internationals made sho"
of strength in early dealings. IN sympathy
with the higher range in London
The tobacco stocks were extremely
f.,erisb. American Tobacco broke ~
-,nlcd p and lcft off with a loss or =
continental Tobacco slumpca lf,i. "il'
was OF points al the close ne pig -,
ton in these stocks was atrtpu,aui. ~
fro reported formation OF new oppoSi'''h
Manhattan retained the greater part Of
g. 3-pOint rise
CALL-MONEY RATE !"
There was "a disposition on the part or
She professional element L" ~ INNS III
,Iou-hOusc purchasers have stocks, ana
..,rsccncrt1t while sugar was tumbling
the call-money rate reached peI In,
Prices were freely oncred down; S'ahuaIu
stocks. while casing WIN iii' ,,a aTVo'r'
market. rcccdcd in an orderly manner,
"a no reaction in those securities from
fbe host did not exceed points. except
en- snocial cases. Money on can toward
,ro close cascd. with the last loan at 4.
ma offered at 3. hut the market failed to
rssgoud 90 the changed conditions, OWING
e. The supply Of money offered, ana the
rs.rtiOn was unchecked TO the end.
Tho strength in Brooklyn Transit was
incident with a published interview with
flo president Of the Brooklyn Elevated
froad 10 the effect that an exchange
~ a majority Of the Brooklyn Elevated
sock for Brooklyn Transit stock had bCen
arranged. Tho advance in Union faclhcs
and New York Central was timed win the
announcement OF the return OF the ltdUi"A
interest in Vanderbilt stocks, ana gave
rfse 10 a renewal Of the rumors thdt
Union Pacific might he absorbed by the
~ew York Central The opinion was eN-
pressed in the market that the rise pm
I4ndon. which was a purchaser az W
0rcning ONLY was manipulated from ms
,'9e 10 facilitate the liquidation when
was evident I'm the market.
BONDS HIGHER.
Rond prices to-day were raised general
1y considerable activity deNeloplhs lH tll'
81 Louis Southwestern issues. texas ~
c,6c and others. Total sales. $3.5SO''Dl
United states 3's and new as advanced
aud old as y I'm the bid price. $500.
Tho total sales Of stocks were DS "
shares. including 23.22) Atchison. prefer
red. 81 975 Chicago. Burlington ana QUINCY
s9 900 Manhattan: 800 Metropolitan street
RAILWAY: 10000 Reading. hrst preferred
Ia 90 New Jersey Central. 2J4l New lolh
Central: 1900 Northern Pacihc. ts@
omaha and Western. 3LosS Union racine
4G65 Union Pacific. preferred, i-fil 81
Paul: 75n Texas Pacific; 2.tD american
steel and Wire: HIS American lopacco
~ $50 Federal Steel: 6.f61 Federal steer
rreferred: $500 Peoples Gas; 3loS' Brook
irn Rapid Transit; 1876 Sugar; z5fN
tennessee Coal and Iron.
MONEY AND EXCHANGE.
,orev on call strong at f09 per cent
,- Joan AT per cent: prime mercantile
paper. 34Uf4. .,.,. o,.,,,t
s..rins exchange steady. VII, az, aSt Sl3.
f...-cse in bankers bills at Ao3A0SiN, y
t-- f.mand. and S4Sp4fl4 $50 Tor sixty
f.. r1sted rates. $iSiu$iSiis. ana $.c4
s.r commercial bills. SiN2la. $1,000. -
silver certificates. n)minaliE pj4ol' pa'
f-r.r $685.. Mexican dollars, 4lti.
government bonds strong. STATE Dohu'
r,.tfve Railroad bonds strong.