Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-29

TOTAL DEALINGS OVER a MILLION
SHARES.
SHARPLY.
T0BACC0ES ADVANCE
This I'm Anticipation Of Increased
capitalization of the American
Company-DecIine I'm the Grains
and In the Provisions

NEW YORK. March 2S.-strength PIE
vailed nearly all day In the stock market
with total dealings Of over MILLION
shares. The effect Of extensive realizing
was not felt until near the close, Hhen
the tone was easy. but the recesslor still
left material advances In many stocks
London. after some early purchases, sold
freely on the advance here. but tire stock
was well taken. Sterling exchinge was
strong. and time money eashr. Call
money. which had touched per cent,
was loaned at the close at AZ An Incl
dent bringing forth favorable comment
was the weeks increase Of ever a million
in exports OF merchandise
Practically the only laggirds IN the list
were the Morgan stocks. including the
Coalers. Louisville, Atchison. preferred,
and Manhattan. The last-named was
weak on threatened increased competition
by the underground road. which the Me-
tropolltan Company offers TO construct.
Metropolitan jumped 70 269. at the open
ing. on the assumption that it would
profit by an underground railroad, being
thus relieved OF the long haul on its sur
face cars. The stock later lost points
of its advance.
The conspicuous strength Of Northwest
ern. which made a net advance Of ~,
after an extreme advance OF points
more, had a good effect on other rail-
ways. particularly the Nanderbilts and
Pacifcs, Omaha rising points The de-
crease OF February surplus earnings fer
Burlington had a momentarily deprcss-
ing effect on the stock, but it closed ct
about the best. Sugar. on comparative
- moderate dealings. rose ~, retaining
moro than hall of its advance.
TOBACCO STOCKS ADVANCE.
Tobacco stocks were sharply advanced,
In anticipation OF an increased capitalize
ton OF the American Tobacco Company,
at the stockholders meeting to-day.
Brooklyn Transit advanced points, and
Consolidated Gas 3, while American Till
Plate and Peoples Gas also showed
strength. one reason assigned for the
strength I'm u number Of the standard
railways was the reinvestment Of money
received by the sale of Chicago and Alton
stock To the purchasing syndicate. The
advance I'm Northwestern, Union Pacific,
and New York Central was coupled in
some quarters with expressions of con-
ndence that the roads would he amalga-
mated. although this story recently met
with emphatic dcnals from the Wander
bilt interests.
STANDARD OF closed at 42izafila.
The bond market was moved strongly
upward to-day In sympathy with the
stock movement The total sales were
Sl43O.000 United States old As and the
SIS advanced Ii in the bid price.
The total sales of stocks were lOS}2D
shares. including 1880 Atchison. prefer
red: $500 Canada Southern; 33120 Chicago,
Burlington and quincy; 600 Cleveland
Cincinnati. Chicago and st. louis; 2l52J
Manhattan: 1000 Metropolitan Street
Railway; G.SO0 Missouri Pacific: lGg25 New
York Central; 1850 Northern Pacific; g.
so Northern Pacific. preferred; 1858 Chi
caeo Northwestern: 1885 Rock Island; d.
$50 Union Pacific: % $40 do, preferred; o.
gu ST. Paul: 1890 American Steel ana
Wire: $3.50 Federal Steel; $500 do, pre-
ferred: 1880 Peoples Gas; $500 BROOKLYN
Rapid Transit. 15.6l2 Sugar; $50 Tonnes
see Coal and Iron; $40 United states
Rubber: G5fS ST. Louis and Southwestern.
MONEY AND EXCHANGE.
Money on call firm at 4G6 per cent; last
loan at 41-2 per cent; prime mercantile
paper. 9 1-4nf1-i per cent.
Sterling exchange strong. with actual
business I'm bankers bills an 1886 LA
SLSGl-2 for demand, and at $iSia4Si II
for sixty days; posted rates. 1874 l-2HSAS
and MS0$lS2 -; commercial bills,
A.S3 -.
silver certificates nomlnally. C00p Il.
Bar silver. 50 - Mexican dollars a. -.
Government bonds strong. State bonds
strong. Railways strong.