Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-02-19
STOCKS IRREGULAR.
DEALINGS VERY LARGE FOR A
SATURDAY SESSION.
SENSATIONAL RISE IN TOBACCO.
It Makes a Net Gain Of II Ii, After
an Extreme Advance of Almost 20
May Wheat Closes Lower-Pro-
visions Weak.

NEW YORK, February 1s.-The net
changes In stocks were irregular for the
day. with slight fractional advances pre-
dominating. although in some stocks the
advance was considerable. The dealings
were very large for a Saturday short
session, almost 70O.0 900 shares being traded
in. London was early a seller, and later
Tepurchased about half of that amount.
"A more confident sentiment regarding the
situation at Paris accompanied the cleo
tion of a new President of France. Houses
with Washington and Chicago connec-
tons appeared as liberal purchasers, and
the selling was scattered. The standard
shares were generally strong, while the
feature of the market was a sensational
advance in Tobacco. which made a net
gain of IL Ia, after an extreme advance or
almost 20.
DEALINGS SENSATIONAL.
The dealings in this stock were of a
very sensational character, the variations
between sales running either way from l
TO 4 points. TIL movement was generally
considered as directed against the short
interest. Various reports were current Of
absorption, or OF more friendly relations
established between the company's most
conspicuous rivals, but these stories were
denied In other quarters.
Burlington was jammed down ? points,
and the other Granger and other rail-
roads. which have been strong crum-
<flt0llW lllC, nl1illdlldnt MllNl ulOhG D
points on the order for the removal of
the elevated structure IN Battery Park,
recovered most OF It's early loss.
TOBACCO STEADIES THE LIST.
1t was the aggressive strength of To-
bacco which steadied the rest. of the In
Street Railway and Third Avenue dis
played considerable strength. as did other
low-Trioed stocks. including Texas Pacific,
st. Louis, and southwestern, preferred,
and C&1iragO ermina
After the first hour many stocks went
~ et q lively rate. III appearance OF
- bank Statement. While about as ex-
pected. showing a decrease In surplus and
a. incrHase in loans. brought about con-
Q4erpbl3 realizing, but covering of shorts
tlted pri5es again to some extent The
Standard Oil closed at 413l2uf7fl3.
w1rEK,s BOND MARKET.
vhe weeks bond market furnished a
nimber Of features, including a revival Of
activity In the Central of Georgia issues,
which ordinarily are dull. The market
generally displayed an advancing ten
denoy, with a considerable increase in
activity toward the end. United States
new W and the SIS declined Il, and the
old ga registered. and h SIS. coupon, Is
IN the bid price.
SIS, 800 shares. including 5000 Atchison;
81 leo Co., preferred; 27,7S0 Central Paci-
fic: T2,eSe Chicago. Burlington and Quincy;
b.160 Illinois Central, l3,VO1 Manhattan
g,S2o Metropolitan Street Railway; 3l,0o0
Reading, first preferred; $50 New York
Central; 10,025 Northern Pacific; II ,620 do,
preferred; 1880 Rock Island; 900 Union
Pacific; $3.50 Southern Pacific; $500 Texas
and Pacific; 1900 Union Pacific. preferred;
l36.6oo Tobacco; 1850 Federal Steel; 1920
do. preferred; 1890 Peoples Gas; $50
Brooklyn Rapid Transit; 1920 Sugar.
MONEY AND EXCHANGE.
Money on call steady at 2Q2 12 per cent:
last loan at 1-2 per cent. prime mercan-
tile paper, 23-4d3 Ia per cent.
Sterling exchange steady. with actual
business in bankers bills at $4.S6W
ASS Ia for demand. and $4.SiG$4& Ia for
sixty days posted rates. $i.S5U&i.S7; COM
mercial bills. Si.S3Q$L8 Ia.
Silver certificates, nominally 90 1-20
90 IL. Bar silver. SO "a. Mexican dollars,
State bonds inactive. Railroad bonds
strong. Government bonds steady.
BANK STATEMENT.
The weekly bank statement shows the
following changes:
Surplus reserve. decrease. $l,1SS.00o
Loans, increase. $S,J67, 700.
Specie, increase, $3,634.co0.
Legal-tenders, decrease, 81 4S3. 700.
Deposits. Increase. 9.ll3.2OO
Circulation, decrease, $21. 800.
h banks now hold Sf ,373,s25 In ex-
cess Of the requirements OF the Is per
cent. rule.