Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-04-04
STOCKS CLOSE WEAK.
THIS AFTER SENSATIONAL ADJ
vAyCEs AMONG sPECIALTIEs.
CONSIDERABLE IRREGULARTY IN BONDS
1t Appears, After Close of business,
That a DenI Has Been Effected Be-
tween Manhattan and Third Ave-
nue. Hailways-Whcnt Lower.

| NEW YORK, April 3.-The usual accum-
ulation over Sunday Of buy-at-the-market
orders caused "A buoyant opening I'm many
stocks. The dealings were on a trench
| deus scale. particularly in the morning,
| and the transactions were over n million
| and quarter shares. The most sensa-
| tional advances were among the special
ties, many OF which maintained gains 10
the close, although the rise eased OF
The legal rate, 6 per cent was the pre-
vaiiing figure for call money on good col
lateral. but the range for the day was
from TO 5. with the closing at the lower
ngure. Although the London market
was closed because OF the Easter holiday
arbitrage brokers put out some lines OF
stock in the expectation OF getting them
back cheaper in London tomorrow. The
market throughout was highly specula-
tive, with rapid advances and declines.
Manhattan, on tremendous dealings,
maintained an advance Of points. The
stock was apparently controlled by pool
operations, support being extended on de-
the high figures.
Federal Steel, on transactions second
only TO those in Manhattan. sold early nj
the highest figures yet reached. and then
~. The preferred advanced about as
much. American Steel was pushed up
points.
Missouri Pacific, on trading Of over
lOJ.OyO shares, advanced points. on buy
ing by pool supposed to include some of
the insiders. Kansas and Texas prefer
red, at the same time, was marked up
over point.
The announcement OF the privilege to
subscribe for new stock in Brooklyn
~ Mill Ia
port OF a cash-dividend declaration
caused the stock TO sell up TO 1876, but II
receded sharply, leaving a net decline of
over points at the close.
BIG TRADE IN SPECIALTIES.
The trading I'm some half dozen special
ties nearly equalled the dealings in all
the rest OF the list. The most cOnspicu-
North American, So, and international
Paper. 5&s; Tin-Plate, AS Tennessee
Coal. AZ. and Sugar. 3. Pacific Mail,
Delaware and Lackawanna Mexican Cen
trail. and Western Union were spots OF
strength. crop adyices were assigned as
the reason for realizing In the standard
western railroad stocks. Burlington.
Pennsylvania, New York Central, and
Northern Paciiics suffered declines OF a
point and over Kansas City, Pttsburg.
and Gulf, and Metropolitan We're weak.
The closing Of the general market was
weak.
II developed, AFTER the close or Dusl-
ness. that deal had been effected be-
tween the Manhattan and Third-Avenue
railway companies
Standard Oil closed at 41hQ472ia
Considerable irreguarity prevailed In
to-day's bond market. Total sales, S,iS5.-
100. United States Us advanced l4c, but the
IS lost u in the bid price.
The total sales of stocks were 1,212,1GO |
shares. including 60 23j AtchisOn. prefer |
red: 17.11O Chicago, Burlington and Quin-
cy; 6O55 Delaware and HndsOn; 1880 Lou |
isville and Nashville; 1851 Manhattan: |
: $50 Mexican Central: 6Sd0 Reading, first |
preferred; 1885 Missouri Pacific; 1A415 |
Kansas and Texas, preferred, |
y 10 North American Company; 3.l3 |
Northern Pacific; 1926 New York Central; |
loop Rock Island; 70 l9 Union Pacific; |
4S9S ST. Paul; $3.50 Southern Railway, |
Dreferred $500 American Steel and Wire; |
2 2l5 International Paper; al 500 Federal |
Steel 45,2i0 Federal Steel preferred; 90 29j |
sit: 1906 Continental Tobacco; Obs Pa |
,ihc Mall 45145 Sugar; $500 Tennessee |
Coal and Iron; 1890 Leather. preferred; |
i190 Western Union; 15.l50 ST. Louis |
and Southwestern, and n,l5O Chicago |
Great Western.
MONEY AND EXCHANGE.
Money on call firm at 5qS per cent;
asst loan. . per cent; prime mercantile |
paper SiA0lh per cent.
Sterling exchange steady, with actual |
business in bankers bills at siS6h 4SAS5l2 |
'or demand. and $4SiA0A.als for sixty |
lays: posted rates, $.S50AS512 and $LSIg |
.iS7is; commercial bills, A.S3uASl2.
Silver certificates t0H60l2. Bar silver,
9a,. Mexican dollars, az.
Government bonds irregular. State |
ponds inactive. Railroad bonds irregular.