Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-10-22
STOCKS CLOSE EASY.
TRIVIAL NET CHANGES EiIh'"
WAY THE DAYS RESULT.
RANK STATEMENT INDICATIONS
Notb,ng 10 Encourage Expedition vi
Easier Money-Dond Market bro""-
on,-wbeat Falls Below roc.
Mark for December.

NEW YORK. October 21.-The traders
&, stocks were unable to induce any no.
ticeable movement IN prices during the
two hours OF trading. Bears were IN
clined 10 attack the Industrial specialties,
when II became evident that the bulls
were not in an aggressive mood. sales
for short account were I'm evidence in the
Specialties. some Of which dropped Off
point or over. Realizing was also mani
fest in Pullman and New York Central
but the decline in prices brought out no
large offerings. and the bears had gene
rally covered their contracts before the
bank statement appeared, bringing prices
uack 10 about last night level.
A nominal increase in the surplus re-
serve was set upon by the bulls 10 run
up the price of Sugar, but they were as
unsuccessful as the bears. and reallIln5
caused n reactlonary tendency IN the
whole list which was very narrow ID llS
activity. The closing, therefore, MaS
easy. at trivial net changes either way
BANK STATEMENT FEAI L itI9.
Tho main features Of the bank state
ment were a repetition Of those OF lasI
week There Is nothing in II TO encouIase
an expectation OF easier moue}, ~
last weeks similar statement leo 10 ~
renewal Of the money stringency' the
stock market was inclined 70 the view
that this weeks showing might Iead 10
no worse results. II is puzzllng to ac-
count for the greater case Whlch mas
developed in money during the past week,
I'm view Of the loan contraction reported
nv the banks of $3.50 600. The stock
market borrowers hope mat money VIII
cease TO flow To interior points during
tho coming week. There are intimations
Of some large holdings Of government
bonds by hduciary institutions. the antlcl-
pated interest upon which will be applied
for next week, and so be made available
for the money market
BOND MARKET BETTER.
The market for bonds has broadened
out during the week. and prices nave I'M
proved. United States rs and old rs,
registered advanced Il I'm the bid price.
Total sales Of stocks. 2l5.6yO shares. IN
GLIDING St. Paul. 1906 New YORK Cen
trail, 9,135; Southern Pacific. $3.50; Union
Pacific 4700; American Tobacco. $500;
Brooklyn Rapid Transit, 1913; Glucose
Sugar, $40; Sugar, 45Cj; United States
MONEY AND EXCHANGE.
Money on call steady at 5; closing Of
tered at 4; prime mercantile paper 41-2h
3 II per cent.
Sterling exchange easier. with actual
business in bankers bills at SiS7QA3 II
for demand and at Si63QSi63 IA for sixty
days: posted rates A60N.6i IL and Sl.o5
Gs4SS II: commercial bills, 1922.
Silver certificates. 5SQ59; bar silver So;
Mexican dollars, A..
Government bonus ufmcff state Donus
inactive, railroad bonds irregular
BANK STATEMENT.
The weekly bank statement shows the
following changes:
Surplus reserve, increase. s253,725.
Loans, decrease, S.356.OJO
Specie. decrease. 81 G63 400.
Legal-tenders. increase, S2Si 500.
Deposits. decrease, $6.5l0500.
Circulation, increase, Sl0.50O
The banks now hold Sl,ln 015 in excess
of the legal requirements.
Ctnrg- Ounfuffons