Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-20
STOCKS ARE STRONG.
MARKET ACTIVE AGAIN, AFTER A
BRIEF REACTION.
BANK STATEMENT RATHER PUzZLIEG.
After n Momentary Hesitation, How
ever, an Optimistic View of 1t Is
Provisions Higher.

NEW YORK. August l9.-The stock
market was strong and active again to-
day. and after brief period of hesitation
and reaction, on the publication of the
bank statement, new buying orders in a
lew conspicuous stocks lifted them 10 the
top level Of the day. There was some rea-
lizing al other points, under cover Of this
bidding-up of prices, and a few weak
spots made the market rather irregular
at the close. Yesterdays vigorous up
ward movement attracted quite a large
volume OF buying orders to the commits
sion-houses. and the tone of the market
was thus strong from the opening The
weekly reports from the various trade
and commercial agencies, and the in
creased earnings of practically all of the
railroads reporting, helped the upward
movement
Organized buying in Louisville and Ten
nessee Coal continued in evidence, and
Central Pacific was bid up. Southern Pa
cific, In spite of large dealings. was held
back by proit-taking, and shows only
modest net gain on the day. Louisville
rose an extra 21s, and Tennessee Coal
shows net gain of 3I1. The takngs OF
~. Paul were on very large scale, and
were accompanied by rumors of an in
the stock.
NORFOLK AND WESTERN STRONG.
other stocks notably strong were Nor
Ioik and Western, common and prefer
req, the common gaining IL. Pacific
Ss,Voast, common and second preferred rose
z'z points each. Hooking Valley, prefer
req; Atchlson. preferred: American Cot
tOn-Oll, National Steel preferred Wire
ana steel, preferred. and a few other
STOCKS snow net gains Of point or over.
- On the other hand, Sugar, Brooklyn
Transit. the Tobacco stocks, and some
or the steel and iron stocks were under
some pressure, and losses are shown here
and there in the railroad list
The bank statement was rather puz-
cling in that the deposit liabilities were
not increased by as much as the cash and
loan increase, but the smallness of the
changes left little ground for anxiety.
After a momentary hesitation, an opti-
mistic view of the statement was taken.
BONDS LESS ACTIVE.
Bonds have been less active relatively
than during the week, and price move
ments have been irregular. The specula-
tive issues generally are higher the
United States new As, coupon, have ad-
vanced q. and the new S's, coupon, :. In
bid price.
The total sales of stocks were &c., i5
shares. including Atchison, 1880; Central
Pacific. $500; Chicago. Burlington anu
Quincy, 1880; Rock Island, 1880; Louis
Vile and Nashville, 5000 Northern Pa
cifc, 14.l25; ST. Paul, 3O17s; Southern Pa
cifc. 20 go; Southern RAILWAY, preferred'
$3.50: American Cotton-Ol. 1880; Brook
Ign Rapid Transit, 25,l6o; Sugar, l0l5o.
MONEY AND EXCHANGE.
Money on cali easy at 2q2l2 per cent;
last loan at PA per cent; prime mercan-
tile paper, 44q5 per cent,
Sterling exchange steady, with actuai
business In bankers bills at As6i4qS;Stl4
for demand and s4s3dsiSSi4 for sixty
days; posted rates, A8 l-2ft4a ana
AS7dSi.S7 IL; commercial bills, Aa l-SQ
S4Sl ga.
silver certificates, 6Ol4G6liz. Bar silver
COZ. Mexican dollars. As.
State bonds inactive. Railroad bonds
strong. Government bonds strong.
BANK STATEMENT.
The weekly bank statement shows the
following changes:
Surplus reserve decrease, S6S69I5.
Loans, increase, N.0iS6D.
Specie. increase, $l.652 500.
Legal tenders, decrease. s6i5,0O0.
Deposits, increase, 81. 2S2. 800
Circulation, increase, S74,l00
The banks now hold N5,0s235o in excess
of the requirements of the % per cent.
rule.