Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-06-17
STOCKS NEGLECTED.
GENERALLY IN THE HANDS OF A
FEW PROFESSIONALS.
COALERS MAKE CONSPICUOUS RISE.
The Advance Attributed to Return
from Europe of n Prominent FL
nnncier - Wheat Declines Coarsc
Grains Fairly steady.

NEW YORK, June 16.-There was q
small number of stocks whose prices
were marked up at the opening to-day.
ana for which buying demand existed
al intervals during the whole day. The
Coalers were conspicuous. especially the
Reading issues. and they rose on an
average about IL points. The Flower
group also moved upward, and gave some
semblance Of strength TO the general
market. Aside from this demand the
! market was almost wholly neglected, and
In the hands Of small coterie of pro-
tessional traders. The utmost endeavors
OF these operators did not serve to move
| prices more than n small fraction, ex-
cept in few isolated cases.
The advance in the Coalers was pretty
well held II was attributed to the re-
turn from Europe Of prominent fnan-
cier. who has figured in many railroad
reorganizations, and to the closing of
options on Lehgh Valley by sympathetic
control. Some Of these railroads dis
played rather firm tone. in sympathy
with Reading, but the movement of prices
IN them was inconsequental.
The advance i'm the Flower stocks was
not so well held. and in some of them
was more than lost before the day was
over sugar moved up and down over
a range Of about points and closed
with a small net loss. New York Air
Brake made a characteristic jump OF l6
points. Colorado Southern, 1st preferred,
dropped "a, presumably on account Of
the labor troubles in that State. Metro
polltan ranged over 4 points, but closed
at small change.
RAILROADS RATHER FIRM.
There was nothing in the general situa-
tlon That found any reflection in the stock
trading The undertone was rather firm,
IN the railroad list. partly in sympathy
stocks already mentioned. The ana
houncement OF an additional shipment
by to-mOrrOws steamer of 100000 in
Soid was without influence in the trading,
JJiEIess II might have been a factor in
encouraging activity. An influence in
Inc same direction was the expectation
OF an unfavOrable bank statement to-
morrow. Last Saturdays shipments, as
well as those made early in the week,
Will all figure in tO-morrOW's statement.
but not tO-days engagements
The banks are said to have lost cash
IN other ways during the week. and a
large decline in that is expected in to-
morrow 8 statement. The item Of loans
cannot be forecasted, but there were re-
ports OF calling of some loans yester-
day. suggesting that there may be a con-
traction of credits reflected by to-mor-
rows returns.
The money marke. continued rather
flrm to-day, while rates in London show
ed further decline under the equal
lzing influence Of the gold shipments. An
incident Of the day was the iirmer tone
IN the silver market in London, said to be
due 10 buying for Indian account. and
10 me erect or the Colorado smelters'
strike
Reading as were the feature of the bond
market, with an advance of ] per cent.
ON large buying. Elsewhere i'm the list
there were points of weakness Total
50 les. 2,7S0000. United States 2s and the
old Is, coupon, declined Il, and the 5's
ady.nced Il in the bid price
The total sales Of stocks were 80 500
shares, including Atchison. preferred,
100; Burlington. 1920 Manhattan. sos;
Reading, lst preferred. A. $40; Ontario and
Western. 1910; Rock Island. 500: ST. Paul.
ll.&0. American Steel and Wire, Ii $50:
Federal Steel, 1855: Brooklyn Transit,
1880; sugar. 1850. Tennessee Coal and
Iron, $3.50; Rubber, $3.50.
MONEY AND EXCHANGE.
Money on call steady at 2a2is per cent;
last loan at Pig per cent; prime mercan-
tile paper, 84ni per cent.
Sterling exchange easier, with actual
business in bankers bills at $iS77sd s. S7au
for demand and $3.50, So for sixty DAYS:
posted rates, AS6l2n$LN and $LS9; com
mercial bills. $LSdAS5i2.
Silver certificates. 6Oi2062; bar silver,
COS. Mexican dollars. 49,.
Government bonds Irregular. State
bonds steady. Railroad bonds Irregular.