Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-05
STOCKS UNSETTLED.
CLOSE FEvERIsH, but GENERAL
TONE Is FIRM.
THE CHIEF MOVEMENT In TOBACCO.
Tennessee Coal Also Shares I'm the
Only Activity of the Day-Corn and
Provisions Higher-Wheat Weaker
EnrIy, Bnt Closes Higher.

| NEW YORK, August 4.--To-day's stock
market was largely devoted to dealings
in a few Industrial specialties. Under
| cover Of the strength in a few Indus
| trials. there was a marked tendency to
realize in the railroad list, but the selling
pressure there was not heavy, and Of
fcrs decreased as prices declined. Union
Pacific was subject to pressure by uncon-
| hrmed rumors of a strike on its lines.
The stock broke IL points. on rather
liberal offerings. and closed at net loss
OF a point. The preferred declined p.
The chief movement Of the day was in
Tobacco stocks, and Tennessee Coal
American Tobacco gained an extreme 4
points, Continental Tobacco 33s. Cont
mental. Tobacco. preferred. ga. and Ten
nessee Coal Pr. Late in the day the
prices of these were suddenly let down
| from IA to 2is points, apparently with
the purpose of shaking off weak followers
Of the bull movement. A rumOr Of 4
combination Of coal and iron interests in
the South was added to those recently
current. to explain the Tennessee Coal
movement. The vigorous advance Of this
stock begOt some sympathetic strength
In other stocks in the same industry.
Colorado Fuel, Hooking Valley, Federal
Steel, American Smelling, and a number
Of other stocks advanced from a fraction
to over a point Peoples Gas was up
at one time over a point. on receipts Of
the company's prosperous condition
There were gains i'm isolated instances
elsewhere-notably, in st. Paul and
Omaha; Chicago Great Western, pre-
ferred: Kansas City. Pittsburg and Gut;
Panhandle, common and preferred; Ma
tional Biscuit, and New York Air-Brake,
ranging from l TO 3l2. On the other
hand, Sugar was heavy most Of the day
on account OF the shading of prices in
some grades Of refined sugar. The local
Traction stocks showed weakness
throughout. and Consolidated Gas lost
So per cent. net.
Rock Islands June statement. showing
an increase in the surplus, after charges,
June failed 10 hold up the Changers. The
reported large demand for grain for eX-
port was equally ineffective, and this
group and Atchison. preferred, drifted
downward.
DEPRESSION IN LONDON.
Some depression was reflected here from
London on account of the outlook for
dearer money there, and there were some
reports of monetary troubles in Berlin.
Sterling exchange here was weak, posted
rates falling y and actual rates "A Tor
short bills and * for long sterling. Some
anxiety is felt over to-morrow's bank
statement.
There was nothing in the money mar
ket to-day TO indicate easier conditions,
the bulk Of the loans being made at
per cent. The coming holidays IN Lon
don and expected dulness In New YORK
prompted the closing up Of many ac-
To-day's speculative leaders closed
feverish and unsettled. but the general
tone was firm at the last.
Kansas City, Pittsburg and Gulf rose
L. There was activity in the mortgages
Of Southwestern railroads and IN Rope
and Irvine incomes, at mixed changes.
Total sales, par value. SlSOS,Ol0
United states as advanced IS and o's a
i'm the bid prices
Total sales of stocks. 1850 shares. in
Guiding Atchison, preferred. y 10; Chesa-
peake and Ohio, $500; Rock Island, 9,'1;
burlington. 712O; Kansas city, Pittsburg
and Gulf. 1920 Manhattan, ~ 400; Nortn-
ern Pacific preferred, 1881; Reading, LIST
preferred. $50; 81. Louis and South
western. $500: Southern Pacific. 6,lOO; 81.
Paul. ll.l5S: Union Pacific, 1850: Ameri-
can Tobacco. 6,45D; Brooklyn hapld
Transit, 1880; Colorado Fuel and IRON
1905: Continental Tobacco, 9LG91; Con-
tinental Tobacco. preferred, 2,ls9; Peo+
pies Gas. 1878; Sugar A55o.
MONEY AND EXCHANGE.
Money on call steady at 3isa4 per cent;
last loan at 3l2 prime mercantile paper
4G424 per cent. ~, ..,..,
Sterling exchange easy, win actual
business in bankers bills at Asb4@iso'
for demand and $lS2ssq$Ls2l2 for sixty
DAYS. posted rates, Si63l2uSi6 ana sissy
"a M commercial bills, AMAQAslA.
Silver certificates. G0i2q6l; bar silver
cor; Mexican dollars, Is.
Government bonds strong. state bonds
inactive. Railroad bonds Irregular
BANK CLEARINGS.
The total bank clearings in the United
States for the week were 81 5s5,Ne,55b; per
cont increase. $40 Exclusive of New
York. $3.50, 5Si, l3i; per cent. increase z5.o.