Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-31

COURSE OF PRICES VERY IRREGU-
LAR ALL DAY.
RENEWED ACTIVITY In lNDUSTRIALS
Tobacco stocks Attacked by Bears
for Effect on General Market--Ten-
ncssce Coal Under Pressurc-Whcnt
Aayapces-ProvisIo lower.

NEW YORK. August 20.-Speculative
sentiment was unsettled to-day. and the
course Of prices changed several times
and was very Irregular all day. Net
changes are mostly on the side Of gains.
and I'm a group OF industrial specialties
the closing was AT the best prices. but
In the railroad stocks. which started off
with quite a demonstration OF strength,
the net advances are generally below the
extreme rise.
The upward impulse AT the opening was
due TO the much more cheerful feeling
in London regarding the Transvaal out
look. Buying for London account was
about equal to yesterdays selling for the
same account. There was some cover
ing also By local bears. who sold yester-
day on the Transva1l wfr scare. Active
buying in. the railroad n Cell on largely
after the first hour.
with the comparative dulness OF rail-
roads and a reaction ir prices 90 rea-
lizing came renewed ACTIVITY IN the in
dustrial specaities. which continued the
rest Of the day. The tobacco stocks and
/ the local stocks were attacked by the
bears FOR effect on the general market,
/ ana Tennessee Coal was under pressure.
/ On the other nlnd. Brooklyn TrausLt
with view TO the discontinue Of the
/ short interest. Sugar showed symptoms
! OF desire 10 cover on the part Of the
( bears. The Iron ana Steel group was
I benefited BY the continued active demand
/ for the Republic Steel Issues, wnich
/ lifted the common stock Ia.
! FEDERAL STEEL TO THE FRONT.
! In the late trading, Federal Steel
/ forged TO the front, and rose RAPIDLY 70
/ Ola, an extreme ga. The mnnlelpdl
/ street railways rose slightly, and othef
/ buoyant 1ndustrials impaired strength 70
/ the railroads Louisville Northern Paci-
/ &c. and Southern Pacinc were strong TO-
| day.
strength In the Hooking Valley and the
| Wheeling and Lake Erie, Kansas ana
| Texas. preferred, Chicago and Eastern
! Illinois, and Chicago Great Western pre-
ferred r amongst the railroad stocks,
and Laclede Gas, North American, ana
Union Bag and Paper, preferred, in the
| Specielties.
Losses Of point or over were shown
South Shore and Atlantic, preferred ,
! Minneapolis and St. Louis, and Great
northern, preferred.
CALL MONEY STIFF.
Cell money was held stifly at 3 PER
cent. or above and the tenders were
more exacting about time loans, without
any change in the actual rate: Some ei-
| feet on the money market Is prOduceu
bv preparations for the regular monthly
settlements on September LIST. The banks
! continue TO lose cash both TO the interior
| ana 10 the Sub-Treasury. This, COM
! bned with easier money in London, ana
! the buying here for London account, pro
| du-ed a fall Of fraction in the actual
| Tatcs for sterling exchange.
! fhc bond market was quiet put STEADY
aid changes were small. Total sales
/ par value. Sl59j.00. United States Cow
/ -unent bonds unchanged on bid quota
! lions.
The total sales Of stocks to-day were
| 421lOO shares. including Atchison pre-
| ferrod 19465; Chesapeake and Ohio, 500
| CHICAGO. Burlington and Quincy, 4lot;
Louisville ana Nashville, 4,750; Metrop0ii-
| tan street Railway. 1850; missouri Ia
| cihc s. 100; Missouri, Kansas and Texas
preferred. $50; St. Paul, 500; Southern
| Pacific g. Cs5 Southern Railway preferred
1850: Union Pacific. ll5O; Union Pacific
preferred. 6742; Wheeling and Lake Erie,
/ 500: American Tobacco. q go; Brooklyn
Transit, 4S1S0: Continental Tobacco, 900
Continental Tobacco, preferred, go
! Federal Steel, p 80; North American
! $3.50. Sugar. % SO; United States Leather
MONEY AND EXCHANGE.
Money on call frmer at 3ai per cent
! last loan at per cent; prime mercantile
paper 4HQ5 per cent
! Sterling exchange easier, with actual
! business I'm bankers bills at A8h asa -
for demand and $S3isGASA for sixty
DAYS; POSTED rates. SLA4ASlk; COM
mercial bills, ASA .s.,~..
Silver certificates, 5000; bar silver
/ 80 l-lS; Mexican dollars, IN
| Government bonds steady. State bonds
! Inactive RAILROAD bonds steady.