Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-12-08
STOCKS IRREGULAR.
srAGNANT CONDITIONS BETWEEN
INTERVALS OF ACTIVITY.
TOBACCO STOCKS SUFFER SEVERELY.
This ON Reports of Projected Oppo-
siffon In the Trade-Rsiiway
Prices Pretty Well Maintained
The Grains Higher.

NEW YORK, December 7.-Dealings on
the Stock Exchange approached a conol-
ton OF stagnation several times To-Day
al intervals between periods OF spasmodic
activity. The day was almost an exact
repetition OF yesterday. with periods oil
strength at the opening and near the
close. and with intervals II acute weak
ness In some stocks
The early strength was largely due 10
the cheerful view Of American securities
taken by London operators, who bought
quite largely In this market. Rather pos
tive evidence Of strength in Union Pa
cifc helped on the late rally. The Iron
and Steel stocks were quite conspicuous
In the early strength. probably on account
OF covering operations by bears VINO sofa
them yesterday; but this only served 10
make them more vulnerable 70 attack
and their subsequent relapse was quite
violent. The same was true or me an,
thracite groups. which rose sharply ana
then DEVELOPED acute weakness, New
Jersey leading with a fall OF 3 points.
TOBACCO SUFFERS.
The tobacco stocks were the severest
sufferers. on reports Of a projected otpo-
sition I'm the trade by interests which
have been raised from the present COM
panies.
Sugar and Brooklyn Rapid Transit were
/ conspicuous in the dealings, as was the
| case yesterday. The former stock VI
brated widely above and below yester-
| days level, and closed with small net
/ gain.
The unsettled state Of industrial securl-
! ties which seemed - be due 10 Tears
OF hostile legislation, seemed to have only
/ pressure relaxed against the industrials
| there was not much difficulty in bracing
up the prices Of railroads. NcrthWe stern
rose -; Omaha. q and Union Pacific,
| 3-S As a consequence, the list SHOWS
fair admixture Of net gains.
WEAK BANK RETURN EXPECTED.
The condition Of the money market
| served TO discourage any new speculative
commitments. weak bank return IS
/ counted upon q a certainty on Saturday y
owing 10 the heavy drain by the SUB
Treasury. The advance in the Bank or
| Frances official rate was an incident III
the international competition for funos'
| and while no direct effects were percepu,
bic, the action IS Significant OF the gehsral
| apprehension over the immediate future
| of the money markets. Notwithstanding
the general rally in stocks. the close was
| irregular, with some OF the lndustrials
| showing renewed pressure.
Bonds were not active. and were inclined
10 be easier In sympathy with the break
I'm stocks Total sales, par value. SlZ5.r.
shares United states 2's advanced Il and
new IS, old IS, ana IS Is III tue piu
price.
TOTAL SALES.
The total sales OF stocks to-day were
4i74OJ shares. including AtchisOn, pre-
ferred. 1880: Chesapeake and Ohio, -. No
Chicago. Burlington and quincy. BIO
Louisville and Nashville. 5.i25: Manhat-
tan. a. 400. New Jersey Central. 300; Oma-
ha and Western. 1885 Southern Pacific
1871: Union Pacific 1920; American To
bacco. 1863: BROOKLYN Rapid Transit
$500: Federal Steel. 300; Sugar. $3.50
Leather q $50: North American. 1890
MONEY AND EXCHANGE.
Money on call firm at 5n7 per cent: las
loan at per cent: ruling rate. 7 rel
cent: prime mercantile papers 5izH6 pei
I cent.
Sterling exchange steady. with actua
! business I'm bankers bills az - ssiaNA e. Sa
for demand. and at - dzuNNA for sixty
days: posted rates. S.b2ia and NSI4
commercial bills. AM2
silver certificates. j9;sQ5o Bar silver, %
Mexican dollars 1914.
Government bonds strong. State bond
inactive Railroad bonds easier.