Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-16
STOCKS UNCERTAIN.
CLOSING PRICES BELOW BEST AND
ABOVE THE WORST.
TOBACCO RISES TWO POINTS.
Markets.

NEW YORK. March 1.-THE changes
In stock prices to-day were mixed. with
losses prevailing. For the greater par;
Of the day stocks were under pressure in
part owing TO the strength IN the call
money market. where per cent. was re-
corded for some loans. although most OF
the dealings were at per cent. London.
while trading both ways. disposed Of
more stock than It took. The selling Of
Manhattan was attributed TO the under
writing syndicate Of the issue OF new
stock. although there was no means OF
ascertaining the real source. The stock
closed with a loss OF nearly points. after
an earlier extreme decline of 8. s.
Kansas City, Pittsburg. and Gulf left
off points down. in anticipation OF "A
possible heavy assessment in the plan Of
reorganization. American steel and Wire
dropped IS. with "A smaller sympathetic
recession in Federal steel issues. There
were fractional recessions. too, in North
ern Pacif,. Atchisons. the Readings, and
the Changers. Chicago Terminal stocks
IN Chicago. Brooklyn Rapid Transit got
within a small fraction Of par in antici-
patton that another system was about to
be acquired. but the interests concerned
largely in such a deal were not commu-
NEGATIVE
TOBACCO.
American Tobacco rose 2 points, but
Continental Tobacco. now dealt in in the
unlisted department. made, compared
with the opening a net loss Of Is Tor
the common and for the preferred. New
York Air-Brake jumped 10 Ii points. Con-
nicting rumors regarding the probability
Of the success Of certain gas legislation
lent .fevcrishncss to Consolidated Gas
metropolitan street Railway, peoples
Gos. and Sugar save some evidence OF
/ strength.
A sight recession in the strength Of
! call money, although it closed with trans
actions at 3l-2al induced some cover
| Ing in the afternoon. The closing tone
was uncertain. with prices below the best
| and above the worst.
The government trade statistics, snow
| ing an excess OF exports of nearly $4.-
O09CO0. was not altogether favorably re-
/ coived. because Of the imports exceeding
/ any SINCE March a year ago, While the
exports showed a shriukaee OF over y
per cent. compared with any of the pre-
ceding four months.
BONDS.
The bond market. whilc irregular show
| ed a yielding tendency, with extreme
weakness in Kansas city. Pittsburg and
Gulf. Est Total sales. s2550,eo). United
States new -. registered. advanced Is
and. DO. coupon. II in the bid price.
Standard Oil closed at ASZnAA.
Total sales of stocks were 100 shares,
including 1855 Atchison, preferred; lo.5-l
Chicago. burlington and Quincy; o.sel
Hooking Coal: S6.054 Manhattan; 1901
Netropolitan street Railway; $3.50 Read
ing 1st preferred; II ,740 Missouri Pacific
300 New Jersey Central; 6.22O New York
Central: 6.065 Northern Pacific; 5.3lO' do.
preferred. 5112 Omaha and western
sos Union Pacific: 1866 do. preferred
lf80s St Paul: $3.50 Texas and Paciic
2SS5l American Steel ana Wire; 9.ZJo DO.
preferred: l276j American Tobacco; go
Federal steel: 95Sj, do. preferred; 9,l'
Consolidated Gas; 5.S2S Brooklyn RapiC
Transit; 202c5 Sugar.
MONEY AND EXCHANGE.
Money on call firm at 31-2uj per cent
last loan at 3 -; prime mercantile paper
l-4Nt IL.
Sterling exchange steady. with actua
business IN bankers bills at $40 Ia
S4S51-2 for demand ana $L3 l-ip$L9 J..
for sixty days. posted rates. $i@i1sis
and $4.sod$LS7; commercial bills, >is2 Ia
SiS3. o~..,, o
Silver certificates nominally % l-z0ov y
Far silver. % SIS. Mexican dollars, ~ II.
Government bonds strong. state pond!
weak Railroad bonds irregular.