Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-28
STOCKS ARE HIGHER.
NEARLY ALL OF THEM MAKE
ADVANCES.
SOME OF TIE GAINS CONSIDERABLE.
Among These Are improvements I'm
the Tobacco Compcnics-A Bulge
I'm Whcm:-Corn and Oats Improve
Provisions Advance.
Provisions Advance.

NEW YORK, March 27.-Nearly all
stocks made advances to-day, and some
OF these advances were of material pro-
portions. Various reasons might be as
signed for the movement in individual
stocks. but the principal motive for the
general rise. apparently. was that the
steady advance Of prices OF late had
again aroused the outside public to buy.
The dealings reached nearly one and one
quarter million shares. Aggressive bull
manipulation by the leaders OF specula-
ton had seemingly caused the public TO
cease waiting for an immediate opening
to secure stocks at a lower level. The
market opened under an impetus OF
higher quotations from London. though
large realizing continued pretty steadily
until near the close. when the rate for
call money reached 6 per cent. leaving
the range for the day from 4 to 6. with
the last loan at 3.
Quite a number of new higher-prce re-
cords for stocks were made to-day. The
strength displayed on Saturday brought
a large number of commission-house or
ders to purchase stock. This caused
pronounced rise at the opening, and in
duced the elimination of many short con-
tracts. The principal activity was in the
Flower stocks. there being. for instance,
q. 900 shares OF Federal Steel sold at the
opening, over a range Of points, and the
stock made a net advance Of 5-S. on re-
ports that the earnings were large.
Brooklyn Transit rose ) points, on ru-
mors that the Brooklyn Union Elevated
was said TO have had one-half million
dollars in cash when taken into control
49,. h.. .stt ne
talk of negotiations for "A combination OF
the gas and electric-light interests OF CHI
cago was used for the benefit OF People
Gas to the extent OF over point
TOBACCOS IMPROVE.
Among the other specialtes TO make
large improvements were American To-
bacco. 10: Continental Tobacco, 4; Metro
politan IA: Third-Avenue, 4, ana Consol-
dated Gas, 35s The largest improvements
among the leading railways was "a In
Northwestern. February tra1hc returns
attracted much attention, as they covered
the period during which traffic was some
what interrupted because OF the storms
St PauPs decrease of somewhat over
5000 i'm the net was due TO the increased
operating expenses, the gross earnings
having shown an increase In the case
of Atchison, the road again reported a
met increase, this time OF over SlSoVp, az
though the gross earnings decreased ABOUT
sg7 .COD. Among the Southwestern rail-
w
February earnings of SSSVO. The mar
ket closed with no decided tone ana
heavy trading.
Standard Oil, 47i4415.
The bond market to-day made an ag-
gressive show of strength, heavy pur-
chases of the active issues being made AT
substantial improvements. Total sales,
100000 United States bonds were uh-
changed on bid quotations. 1900.
The total sales of stocks were ,2l3, 100
shares. including 400 Atchison: i2.5iO At
Gibson, preferred; % 300 Chicago Burling-
ton and Quincy; 400 Cleveland. Cincin-
natl. Chicago and st. Louis; 7,165 Illinois
Central: 1920 Manhattan: 2S,2SD Metro
politan Street Railway; $3.50 Reading. LIST
preferred: $50 Missouri Pacific; n.ID
New York Central; 1900 Northern Pacific;
II $40 Union Pacific. preferred; 1870 81.
Paul: 1880 Southern Railway. preferred;
500 Texas Pacific; 24.320 a. s. and w. /;
l6 400 American Tobacco; 65.1j0 Federal
Steel: 1875 Federal Steel. preferred; $3.50
Consolidated Gas: $500 Colorado Fuel and
Iron: 1903 $50 Brooklyn Rapid Transit 1880
Tennessee Coal and Iron; 1850 United
States Rubber
MONEY AND EXCHANGE.
Money on call firm at 4d6 per cent;
lost loan at per cent; prime mercantile
paper. 3AM4A per cent.
Sterling exchange strong. with actual
business in bankers bills AT StSj&4 IS
for demand and S4S3s4 d4A for sixty
DAYS: posted rates, A.S4u ASfI3 and $751;;
commercial bills Sf.&la.
Silver certificates, 6OG60i2; bar silver,
595s; Mexican dollars. Az.
Government bonds steady: State bonds
steady. Railroad bonds strong.