Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-14
STOCKS WORK LOWER
MOST ACTIVITY IN sPECIALTIEs
WHICH ARE WELL SUPPORTED.
AMERICAN TOBACCO A FEATURE.
IL Rises Six Points Nct-Strength I'm
Rafiways-SOuthern Gets Up Two
Points, Losing Half of Gain-Wheat
Htgher-Other Markets.

NEW YORK. March 13.-The market
generally worked fractionally lower to-
day for the railroad list, with the most
activity in the specialties. which. on the
whole, were well supported. Tobacco was
n feature. with a rise of 6 points, me-.
American Steel and Wire and the Iron and
Steel shares generally were conspicIously
strong In the forenoon. but later lost
ground. American Steel and Wire. prefer
red. went up points in anticipation of a
dividend. which subsequently developed.
and the stock easod off on realizations.
Metropolitan showed alternate strength
and weakness while Third Avenue was
decidedly feverish. and the two ended
with a loss Of IL each. Talk Of rate
cutting among tho local gas companies
brought liquidation in Consolidated Gas,
which ended with a loss of points.
Among the usually inactive stocks there
was a jump of points IN Flint and Pera
Marquette. while Great Northern, pre-
ferrcd. rose IL, half Of which IT suDse-
Quently lost.
Strength appeared among all the south
western railways. and Southern RAILWAY.
preferred, got up points. losing hall or
1t. There was comparatively htuc DONG
among the anthracite cOalers, and Lack
awanna and the Reading seconds were
materially higher, while the rest were
fractionally up. The general railway nst
was irregular, and with the rest OF t ny
market eased on the bidding UP OF call
money to per cent. in the last hour. me
rate for call money, however, eased OIL,
and closed at 1-2Q3 per cent, but the
market closed weak.
A PLETHORA OF MONEY.
Advices from the interior reported pie
thora Of money in various sections, IN
for Industrial concerns taken INTO tie
larger combinations. over million dol
lars in gold was received from California
too late to figure in last week pdiN
statement ,,
London's transactions were in small
volume. purchases apparently slightly ex-
cCeding sales. .-oo
Standard OIL closed at 4.s0l2Q4S2.
While the aggregate of to-days bono
trading was considerably below recent
totals. there was no abatement OF the
confident tone Of operations, and some
issues achieved record prices Texas
Pacific 2s were in brisk demand, rising
To "a, but sagged later. Total safes ~
500 600 United States old As and the o's
advanced a. and the Ss Is in the bid
price. 1900
The total sales Of stocks were 5S3,SOo
shares, including 1881 Atchison pre-,
ferred: s563 Chicago. Burlington ana
Quincy: 7o7s Metropolitan Street Rail
way; 1890 Reading. LIST preferred; 3g'52O
Missouri Pacific: $50 O. and w; 1916
Union Pacific; 500 Union Pacific, pre-
ferred: 6.22O 81. Paul; 91sO Southern Rail
way: u. a35 Southern Railway. preferred;
70 7& American Steel and Wire; 1920
American Steel and Wire. preferred; 1854
American Tobacco; $3.50 Federal Steel;
2S AS Federal Steel. preferred: 900 Peo-
pies Gas: $50 c. +. and l.; q $50 Brook
ivn Rapid Transit: A,5l5 Sugar; $50 TenS
nessee Coal and Iron.
MONEY AND EXCHANGE
Money on call firmer at 2l2ai per cent. :;
last loan at 21z per cent; prime mercantile
paper 3LQp4 per cent.
Sterling exchange easier. with actual
business in bankers bills al A.SlhQA.S24
for demand and s4SSleq4 1874 for sixty
days: posted rates, &s4l2GS4.S and S.s61a
GSLS7: commercial bills, %.S2i2GA.s3.
Silver certificates nominally 59l2u60k !;
bar silver. 592i Mexican dollars. Az.
Government bonds strong State bonds
inactive Railroad bonds strong