Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-04-12
STOCKS ARE BULLISH.
FINAL DEALINGS IN LARGE VOL
UME, AND CLOSE STRONG.
RISE In CONTINENTAL TOBACCO.
Practically Everything Higher, the
Larger Gains Being Among the
With Gain of Is.

NEW YORK, April 1l.-Bullish conh-
dence prevailed in influencing stock
prices to-day. and they advanced almost
continuously. slight setbacks regularly
bringing new buyers. The final dealings
were In large volume, bringing the to'ai
TO nearly three-quarters or million
shares. There was continuous support
by large operators accompanied by opti-
mstic utterances. Potent allies Of higher
prices were the showing Of the govern
ment crop report on winter wheat, whicn
was better than expected; spring weather
in the West, abundance or money at
easier rates. and Washington advlces
that n sudden call on the depository
banks for the funds 20 pay the Spanish
indemnity was not contemplated, but that
the withdrawal OF government funds
would be gradual. as hitherto. n senti-
mental influence was the knowledge that
a presidential proclamation that we were
at peace with Spain would be issued to-
day.
CHANGERS LITERALLY PURCHASED
Changers were literally purchased for
western accOunf. Vanderbilt issues con-
tnued in active request. Local TRANSPORT
tatiOn shares, excepting Metropolitan,
were strong, Brooklyn Rapid TRANSIT
making an extreme gain OF almost
points. The other Flower shares We're
likewise heavily purchased. Continental
TobaccO's rise of 6ts was in part assoc
Ciated with to-day's meeting relative 10
a new stock issue.
The Southwestern group was active and
strong as were the iron and steel shares
In fact, before the day was ended, prac-
ticaliy everything was higher, the larger
gains being among the Specialties. COM
mission house purchases continued, with
the strength Of the market. London was
a small factor, selling about hall as much
as il had purchased. Cali money began
with large loans at . per cent ana
gradually eased off to per cent Inc
ease Of money was reflected IN an APP
pearance of more strength In the sterHhs
exchange market, part OF when was pos
sibly due to anticipatory purchases IN
connection with the payment or the
Spanish indemnity. Several foreign ex-
change authorities claimed 10 have noted
no such buying hitherto, which leads 10
the belief that the settlement was yet 10
be arranged.
CLOSE AT ABOUT BEST.
The market closed strong at about the
best prices.
Standard oil. 476G4S0.
The bond market followed stocks, but
only to q narrow extent. Total sales,
$3.035 900. United States Ys and old As,
coupon advanced IS in the bid price.
The total sales OF stocks amounted 10
721 ,gOJ shares, including 1900 American
Steel and Wire; 1000 American sugar;
5000 American Tobacco; 1900 Atchison,
preferred: $500 Brooklyn Rapid Transit
il 100 Chicago Great Western; 500 Com
mercial Gable Company; III 400 continent
tai Tobacco; $500 do. preferred: Zl,yp
Federal Steel, 5000 do, preferred; 800
Kansas and Texas, preferred; 81, s0O Man
haitian: 5,4O0 Mexican Central: H,NV MIS-
souri, Pacific; $500 National steel; 22,iVo
New York Central; 800 Northern Pa
cinc: GOO Ontario and Western; 5.pD
Pacific Mall 500 Pennsylvania; 3.5O
Peoples Gas: 500 Reading, first pre-
ferred: 1850 Rock Island; 5.40o 81 Louis,
preferred: 2i2l0 St. Paul; 800 southern
Pacific; 1900 Tennessee Coal and Iron;
Is 2OO Union Pacific; l0,100 do, preferred;
5lO0 Leather, preferred.
MONEY AND EXCHANGE.
Money on call easy at 2a6 per cent;
last loan at 2; prime mercantile paper
3i2GF.. TT, 1910,
Sterling exchange strong, with actual
business in bankers bills at ASaA. SSl4
for demand and S4S3&n&4 Tor sixty
DAYS. posted rates. si.Sll2u$4.sJ and A.S4
Si.Nis; commercial bills $i.&l24A@:
silver certificates, 6yqV0ls; bar silver,
$685.. Mexican. dollars, Az.
Government bonds firmer; state bonds
weak: railroad bonds firm.