Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-05-11
STOCKS MOVE UP.
AT TIMES. HOWEVER, THERE IS
CONSIDERABLE IRREGuLARITY.
NO FURRY IN TIE HONEY MARKET.
The Ruling Rate for Call Loans Four
Per Cent.-Some Pronounced Adj
vnnces Among specialtics, Inciud-
ing the Two TObaccos.

NEW YORK, May i0.-The stock mar
ket moved up sharply to-day. although
at times considerable irregularity appear
ed Certain large interests were opor pur-
chasers OF the Specialties. and the alb
sorption OF some 70.Oc0 shares by London
aided the market leaders In pushing up
their favorites. In the afternoon the
rapidly OF the advance induced the COW
eriEg Of large, short lines. ana commits
sion-houses were again active purchasers.
There wac no furry In the money mar
let, the ruling rate for call loans being
per cent. Sterling exchange eased of,
on the large purchases Of stock for for
eign account. An element In shaping sem
timent was rumor that the government
crop report, to be issued late to-day.
would show an improvement OF several
points over last month. 81. Pauls favor
able weekly statement Of earnings was
source OF strength 10 the Grangefs. The
lower range OF prices brought about by
yesterdays decline proved attractive TO
many wOuld-be purchasers, and while
there was no important news developing,
sentiment was completely reversed to-
day. Stocks which We're the centre OF
weakness yesterday, notably the Flower
specialties. were among the strongest fea-
lures to-day, Brooklyn Transit rising IL
and Federal Steel and Peoples Gas about
1 eacn.
PRONOUNCED ADVANCES.
Among the Specialties there were some
very pronounced advances, including
American Tobacco. IL; American Shelters,
SIS; Steel Hoop and Third-Ayenue,
each; American Steel and Wire, 3 81;
Tennessee Coal and Iron, and Continental
Tobacco, 3 IL each, ard Anaconda Mining
and Manhattan, each.
The railways advanced from 1 to 3 81
points for active issues, Burlington scor-
ing the extreme rise. Metropolitan, which
lost point. was the most pronounced
exception to the general strength.
In the forenoon there was considerable
commission-house liquidation, which in
duced certain professionals to make a
drive at the market, but large operators
absorbed offerings. two houses taking to-
gether about 10000 shares, and this turn
ed the tide and a steady improvement
followed. report that tns Industrial
Commission hearing in Washington had
been postponed for thirty days led TO
purchases OF the stock of some of the
companies TO be investigated.
II was reported that prominent COM
the financial institutions carrying its
loans, was forced to sell large line Of
stocks shortly after the opening, and
that it was on sales from this quarter
that the market was temporarily depress-
ed in the forenoon.
CLOSE BUOYANT, AT THE BEST.
Practically everything Joined in the late
advance, and the market closed buoyant,
a the best.
Standard OIL. 4ssa4Ss.
Railroad bonds participated in the i'm
provement in the speculative temper, but
the advances were not material. Total
sales, $2,S20,0C0. United states new As
advanced Ii, and the SIS Is in the bid
price.
The total Gales Of stocks to-day were
1,027, 500 shares, including Atchison. 500;
do, preferred, 70. 100, Chesapeake and Ohio,
500; Burlington, $3.50; Louisville and
Nashville. $3.50; Manhattan, 81, 600; Metro
politan Street Railway. ll.575; Mexican
Central, $500; Reading. ist preferred.
24TO; Missouri Pacific. 1900; New York
Central, 1850; Northern Pacific, lilo; do,
preferred. $3.50; Ontario and Western,
9,l50; Reading, $3.50; Rock Island. ll.l50;
Union Pacific, 80, $50; ST. Paul. 300; South
ern Pacific, 6.GS5; Southern, preferred,
900; Texas ana Pacific, 200; Union Pa
cihc preferred, $50; American Steel and
Wire, 25 125; Tobacco, 1880, Federal Steel.
IS, $780, do, preferred. 40; Peoples Gas.
3S5S5: Brooklyn Transit Isl 800 Cont
mental Tobacco, 2s,375: Silver. 10. 0c0; Sugar,
l07 $50; Tennessee Coal. 800; Continental!
Tobacco, preferred. $40; Chicago Great
Western, $40.
MONEY AND EXCHANGE.
Money on call. 3l-2li4 per cent. last
loan at 31-2; prime mercantile paper,