Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-05-27
STOCKS UNSETTLED.
BOTH SIDES PAUSE ON THE EVE OF
HOLIDAY.
SPECIALTIES GENERALLY WEAK
Both of the Tobacco Companies Par
ticipate I'm the Wenkncss-Wheat
Declines on Proft-TaIking-Provi
ions Also Decline.

NEW YORK. May 26.-The market
opened with a continuance Of the up
ward movement which was in force yes
terday. Yesterdays sharp advance
brought In moderate volume Of buying
orders TO the commission houses. which
were put in at the opening. There seems
10 have been also considerable enthusi-
asm awakened in the American depart
ment of the London market by the same
cause. The international stocks were
bid up there before the opening hour,
and the arbitrage brokers promptly bid
them up to parity here. 1t soon be-
came apparent, however, that the puli
party was no more prepared to make eX-
tensive commitments on the eve OF
holiday than the bears, and the activity
soon came to a standstill. The feVerlsn
and cratic tendency Of Consolidated Gas
helped 10 unsettle the market lts SUI
cen drop, supposed by outsiders 10 indl-
cate some new possibility IN the iran
chse-tax law. and other stocks IN the
same group fell away III sympathy.
When the announcement was mace OF
the action OF the gas directors IN re-
ducine the quarterly dividend rate from
2 TO l1-2 per cent. there was some re-
covery In the stocks of other New foth
municipal corporations. AS RUE, lhe
prominent high-priced specialties were
weak Sugar was conspicuous SUI
ferer on account Of the reduction IN the
nrice of cube sugar. which presagod an
other stage Of a war of sugar producers
and effectually demolished the recently
current reports OF an agreement upon
which the stock had advanced. Inc * q.
IRENE decline in gas was ~ points Gnu s =.
closed only a quarter above That sugar
lp- 4 hnr rallied HTG fiVGfu win
a net loss Of 81.
THE TOBACCOS WEAK.
Roth American and Continental To-
bacco. American Steel and Wire, Ana
conda and American Smelling were points
of weakness. Manhattan. BIoOky II
Transit. and Metropolitan street RalWdy
recovered a large part of their losses.
when the selling movement had spent us
force I'm the afternoon, heaVy Du!lns
orders appeared for Atchison, preferred
and 81. Paul. which wiped out FOR me
most part the few slight losses III the
The market eased off slightly with the
final break in the Specialtles, but many
railroads show fractional gains on lhe
day. 1t was expected that the deina "a y
for loans. which are made To-Day u
carry over to Wednesday, would stiHen
tho money market. but no disturbance
was perceptible there. sterling eNchanse
maintained its easy tone, under lhe III
fuence of London buying OF stocks IN
smile of the demand for TRANSMISSION py
Saturdays outgoing steamers:
The market for bonds continued reh-
tfvelv more active and stronger thaH
that for stocks. a number OF new hiSh,
record prices being made. Prices yielue1
at some points i'm the list with the preah
I'm stocks and made the cay > chailseS
mixed. Total sales, A,SO2v0
GOVERNMENT SECURITIES.
l registered, ADVANCED
! 1-S and the old As, coupon, Ii In tne Die
nrice. while the 3's, coupon, and the o'S
The total sales Of stocks were $93, 81
shares. including Atchison, preferred: "a
| 40. Chicago. Burlington and quincy
/ g 90. louisville and Nashville, 1850
/ Manhattan. 1850 Metropolitan stree
/ Railway. 1885: Northern Paclhc o'"D
| Union Pacific. 500; st. Paul S,622; south
| ern Pacific 7,0l0; American steel ahS
| Wire. 16. 965; do. preferred, f,0-J' I0paCco
! % 5l4, Federal Steel, 1875; Peoples Gas
| Z $50; Consolidated Gas. $50; brooh! ~
! Transit. $3.50: Continental Tobacco, %
| 95o. sugar $3.50: Tennessee Coal an'
| Iron, 1890. -
MONEY AND EXCHANGE.
Money on call easy at 243; last loan
90; prime mercantile paper 972Hft pc
cent. s,. Nth ootuo
bnsinees i'm bankers bills at A8'12l
81 S7@ for demand and A.S5A4$LS9ls 10
| sivtv DAYS: posted rates. $hSot2 an'
81 sSib. commercial bills. siS5.
| silver certificates. 6l@62; bar silver, 0l
| Mexican dollars. IS IL.
Government bonds irregular; Stat
bonds inactive: railroad bonds irregular.