Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-26
STOCKS ARE HEAVY.
FOREIGN MARKETS AGAIN UNEASY
OVER TRAysvAAL SITUATION.
AN OPENING Squirt IN TOBACCO.
THIS Carries American I'D II Per
Cent, But the Gain IN Almost I'm
med;ntely Lost-Corn Active and
Higher.

market to-day, the total sales falling to
less than half a million shares Depres-
sion from foreign stock markets reflected
here. and increasing anxiety over TO-
morrOw's bank statement. were the i'm
polling causes OF the heaviness Financial
centres in Europe obviously labor under
renewed uneasiness over the situation IN
the Transvaal Sales for London ac-
count were sufficient TO exercise a no.
tably depressing influence. There was
an opening squirt in American Tobacco,
which carried 1t up II per cent, but this
was almost Immediately lost. The Spe-
cialties we're weak for the rest Ok the day.
Sugar beingt under severe pressure at
times. It's extreme decline was ga and us
| net loss only about point. less. Brooklyn
| Transit and Manhattan succumbed 10 the
prevailing weakness. Tennessee Coal
did better, but saved only a fraction CT
d rise Of over a point.
There was a notable buying movement
In Union Pacific. preferred. based on sug-
gestiOns Of q coming increase i'm the div-
dend. which carried the price above SO.
Consolidated Gas. following Yesterdays
dividend reduction. and a semi-ofIicial In
timatiOn that even the reduced dividend
was not earned, climbed up an extreme
81, on urgent dsmand from the short in
terests. Brooklyn Union Gas gained e..
There was continued strength IN
group Of minor Changers st. Paul and
Duluth leading. with a rise Of points.
Oregon Navigation. Clevelapd, Lorraine
and Wheeling. preferred, and Chicago
Great Western. preferred. were other
points Of strength. Kansas and Texas,
preferred. was the only one Of the South
western group to maintain the early show
Of strength.
Liquidation was not urgent IN the gene
raj list the market falling into intense
duness with the declining tendency.
MOVEMENTS OF MONEY.
The known movements o. money for
the week indicate a loss in cash 10 the
banks OF nearly 100000. $4,000 Of
which went TO the Sug-Treasury None
OF the gold which went recently to Mon
treal has been returned. and no gold has
come from the Sub-Treasury on account
Of drafts from the san Francisco mint.
Without regard, therefore, 10 the pos
sible hidden drain of cash, sharp de-
cline IN surplus reserve Is probable, un-
less the contraction in loans has been
much larger than appeared. in the IN
terror exchange on New York at seVe-
raj important points showed declines to-
day and there was considerable calling
Of loans.
The late decline I'm the money rate to
9 per cent had little significance. The
rate was quite firm during the day at
about 3 per cent. Contrary 10 recent eN-
perience, sterling exchange failed 10
weaken in response 10 the hrinnesS u
money here. but hardened fraction I'M
der the influence OF Londons sales o.
securities in New YORK.
Dealings in bonds were mostly in the
speculative issues. at improved prices;
Total sales. par value, 25'9.WV nlted
states new IS declined = I'm the bid price.
The total sales OF stocks to-day were
42i. $50 shares. including Atchison, 5v';
Atchison. preferred. 2l.50; Chesapeake
and Ohio. l0l05; Rock Island. 5.20' Den
yer and Rio Grande, preferred, 9V5i
Louisville and Nashville. $3.50; Northern
Pacific. 5000: Norfolk and Western, 80;
Missouri. Kansas and Texas. o,4yJi MIS-
souri,. Kansas and Texas, preferred. losJ''
Terred. 1870; st Paul, S,IlOi Southern
Pacific. 1880; Southern Railway, pre-
ferred. $3.50; Union Pacific, ZtSD; Union
Pacific, preferred, 1885; American To-
bacco % 400: Brooklyn Rapid Transit,
"a $50; Continental Tobacco. 5.o59; People
Gas. $500: Sugar, SO,4s0; Tennessee Coal
and Iron, GOO.
MONEY AND EXCHANGE.
Money on call easy at gas per cent;
lot loan at per cent; prime mercantile
paper. 4i4Q5 per cent.
Sterling exchange firm. with actual bust
ness I'm bankers bills at Si.&12HAsG8 for
demand and AS3hd$S3i9 FOR sixty days;
posted rates. $i.S6l$iNis; commercial
bills. 4.SqAS2'2.
Silver certificates. G0q5lia; bar silver,
20 lilo. Mexican dollars. az
Government bonds weak. state bonds
inactive. Railroad bonds strong.
BANK CLEARINGS.
The total bank clearngs in the United
states for the week We're yi.li2 sl2 SIS; per
cent. increase. 81. Exclusive OF New
~, COG 100 go. nor cont. imcTease. 2l...