Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-12
STOCKS END HIGHER.
rRACTIoNALLy ABOVE FRIDAYS
CLOSE AND NEAR THE HIGHEST.
BANK STATEMENT WELL RECEIVED.
IL induces Active Buying, which
Raises General Level OF Prices
bonds show Some strtkins
The Grains show Losses.

NEW YORK. March 1l.-Quotaions OF
the stock Exchange left on fracuohails
above yesterdays close. and near 'ns
highest Trading at the outside was OK
a hasi,atine character showing a dispo-
sition 10 follow any move in tho Speclai-
sses This vas indicated by a rise OF
spgor the Improvement in this stock
cancellins the earlier decline. The genera
market moved sympathetically, but very
narrowly. subsequently, there was raiu
on METROPOLITAN Street Railway when
dropped 8 points. This incident stimulated
short sales In the other stocks. with con-
cesslons quite material in Manhattan
BROOKLYN Transit, Sugar. and Bay state
Gas. The last-named was particularly IN
nueaced by the action Of the Boston EN-
change authorities. in discontinuing trace
IN the stock. This action was subsequent
w taken by the governors at the local
exchange. The railways moved very slug
elishlv. and attempts TO improve them
were retarded by the heaviness OF the
Union Pacific issues. I'm which foreign
selling was quite pronounced. .
Various pcssimistic expressions as "
tho character Of the bank sta'cIlen''
which had been rife dutlns " 49,
were partly eradicated when the state
ment was published. the saleht itdtulo
of IL was the contraction IN surplus re.
serve OF only SiS15.l& The loan account 1,.,'
showed a reduction OF over $3WVvJy. Ca5n
decreased Sf4l3OO which rChectcd SUD
treasury operations In connection Win
the Central Pacific settlement the state
nent was received sWith cohsiuci@aiD 'i5
favor in the street and induced actlNc
buvlng. raising the general level OF prices
above last night. The closlhs was SN'"s
STANDARD OIL 477lkafs
BONDS IRREGULAR.
The bond market followed the tendency
OF stock prices pretty closely during tle
week which caused considefable lIIesu-
larity in the dealings. Tho marker as
whole showed a very substantial under
tone and some striking gains were re-
corded in issues which DO not usually as
sumo much prominence in the uadlng'
particularly the Missouri Pacihc issues.
Special influences were Instrumental IN
effecting wide changes in numerous
United states old Is. registered, de-
cined y: the new IS and the old As, cOu-
pom. a. and the S's H. in the bid price:
shares. including II SO Atchison. prefer
red. 1000 Central Pacific; 6,S65 Metropoi-
tan Street Railway: 300 Reading, first
preferred: 1920 Omaha and Western; $50
Union Pacific; $50 Urion Pacific, prefer
red: 10 05 St Paul: 1850 American steel
and Wire: $50 American Tobacco. $50
Bay State Gas 5.7cO Consolidated Gas,
1860 Brooklyn Rapid Transit; 26,24O Su-
gar. and $500 Tennessee Coal and Iron.
MONEY AND EXCHANGE.
Money on call steady at 2i3G3 per cent;
last loan per cent; prime mercantile
paper. 3h@4h per cent.
Sterling exchange steady. with actual
business I'm bankers bills at S&i90AS5A
for demand, and A.S32 asa for sixty
DAYS: posted rates, ASilzQSl:S5 and
g. Ssikd$4S7. com numerical bills. $iS2ikd$iS3.
Silver certificates, n0minally 59isN60i2.
Bar silver. 59ss Mexican dollars, Az.
State bonds strong. Railroad bonds
strong Government bonds easier.
BANK STATEMENT
The weekly bank statement shows the
following changes:
Surplus reserve decrease, H,3l5, l25.
Loans decrease. S3OG2 900.
Specie. decrease, s. POI 900
Logal-tenders decrease 81. 20S900
Deposits. increase SS.11510O.
Circulation, decrease S26.7O0.
The banks now hold S23. 203 900 in excess
Of legal requirements.