Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-05-17
STOCKS VERY QUIET.
REMARKABLY so IN VIEW OF THE
RECENT EXCITEMENT.
CLOSE NEAR The TOP AND FIRM.
Advancing Tendency I'm Bonds ms
We'll as stocks-Wheat, Corn, and
Oats ADMINISTRATION Decline
Other Markets.
Other Markets.

NEW YORK, May 16.-To-day's market
was remarkably quiet after the recent
excitement. the total sales being little
more than half the number OF shares
sold during the panicky two hours OF sat
urday. Apparently, there was no such
thing as a bear Spectator in existence
but with the exception Of slght irresu-
larity in prices at the opening, ana
slight relaxation in values In the last nour
OF the market, the course OF prices was
steadily held or moved increasingly up
ward. This was rather contrary 10 the
general expectation, which was thal
prices would tend downward, In the ab-
sence OF buying by shorts, VINO were
largely closed out by yesterdays rise, ana
with a less strenuous support from the
powerful alliance of capitalists who came
to the rescue of the market. THIS cohDi-
nation was believed 10 be simply Tor the
purpose of sustaining the market against
any precipitate attempt at Iquddtlon'
The bull movement which the iate MI
Flower and his associates nau ,,is ~ po
rated previous to his death was felt 10 De
bold under existing conditions, aud It's
continuance in full force was hardiy LOON
cd for Under the circumstances there
seemed a fair probability that some OF ine
uncertainties incident 10 the ,,c,o for
might cause a reactiOnary tendency LOT
a time But the professional raueIs >
after the early transactions, TOOK lne
long side of the market, ana theIe W. va
uninterrupted absorption OF an extremely
varied list of stocks throughout the day.
ANY Information of the advance threw
the market into lethargy, anu nothing pu.
n resumption of the rise brought any
activity. ro.o. oi.bor
hntn
on account of the uheaSi1"SS oNot '"O
situation in China.
MONEY EASIER.
Money in New York worked decidedly
easier. under the influence OF receipts
from the interior. The money marke!
benefited also from yesterday pay lhS ~
oil the final $j,0OO0Oo instalment 10 SPAIN
on account of the Filipino purchase.
The Flower stocks, especially People
Gas and brooklyn Transit, enjoyed the
greatest advantage in the day move
ments but there were notable advances
also i'm the stocks of other New YORK
municipal corporations, on the prospect
OF amendment OF the Ford franchise TAX
hill The stocks of the various steel and
IRON companies were also strong, ano
there was activity and strength III chi
cagO Terminal. CO.
ern Pacific rose nearly 3 per cent. on
belief in 4 beneficial effect or the unln
cation of the system. number vi
other railroads advanced point or over
aud Sugar H. up points on the day. 10
bacco gaineu so points.
The closing was near the top ana hrIh
but quiet.
The advancing tendency of prices was
marked also in the bond department
There was a heavy absorption OF Roch
Island As and the Atchson adjustment
as. and wisconsin Central lists were als(
strong. Total sales. $4,000 United
States 3's decliEed X in the bid price
Total sales of stocks, 46.Sc shares, IN
Guiding Central Pacific, 1920; Burlington
ii $50; Manhattan, 1850; MetropolltaI
Traction. $3.50: Reading, first preferred
G. i3j: New York Central. 7025; Northern
Pacific. 645O Rock Island. 7.9s; Unior
Pacific. Sl25: ST. Paul. 1885; Southern Pa
cific. q go; Union Pacific, pre-
ferred. $500; American Steel, 1850
American Tobacco. 23,2D; Fedora
Steel II 400: American Steel. preferred
| $3.50: Peoples Gas. z. 295; Brooklyn iran
| sit. 81 1876: Continental Tobacco, l39l5; Su
| gar, 80 AS: Tennessee Coal and Iron, $50
Rubber, 600.
MONEY AND EXCHANGE.
Money on call steady at 2'4GA per cent.
last loan at 2i2 per cent; prime mercantile
| paper. 3iaHiA per cent
Sterling exchange firm, with actual bus
| mess in bankers bills at SiS1uS4sll4 FOL
| demand and S4.Sq$.Sjll for sixty days
posted rates. s. SGff s.. &i2 and $iSSdASSf2
| commercial bills. Si.SiaSl&l9.
Silver certificates. 6laG62c. Bar silver
| SIG Mexican dollars, N4c.
Government bonds easy. State bonds in
active. Railroad bonds strong.