Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-10-27
STOCKS END LOWER.
THIS IN SPITE OF EARLIER Up
WARD MOVEMENT.
CALL MONEY RATE DROPS TO 2.
This. However. Only After Bulk or
Days Demands Had Bcen Net Nv
GgG7 Per Cent.-Thc Produce Mnr-
Icts.


I
of strength I'm yesterdays stock market
attracted quite a large buying interest
this morning. and the market during the
first hour took an upward course. wi.h
very active trading. The demand show
ed, however. a marked falling off during
the rest Of the day, and the isolated
points of strength which developed from
time TO time proved unayailing to sus-
tain prices. and the drift was downward
until the close which was very generally
at the low point Of the day, and at n
level below last night. The market dur
ing the first hour was conspicuous for
great breadth in the demand, the num-
her of stocks which moved being 10
less than 12j. The aggregate number OF
shares dealt in was also very large.
Broadly speaking, the market was
reversal Of that of yesterday, in thet
railways generally were inclined TO react,
while the Industrial stocks moved up
wards. The evidences Of proft-taAing
I'm the Coalers which were manifest even
in the opening dealings prompted sell
Ing to realize in the railroad list.
OUTSIDE DEMAND LARGER.
The outside demand for stocks was
very much increased At the same time
the vigorous strength of Sugar, Rubber.
and other Jndustriais. ana the continued
speculation in the Leather stocks. heiped
TO sustain the list while the realizlng was
going on. These stocks also suffered 70
the extent of from I to over points IN
the late downward movement. inside
support was manifest in some or the new
CT Industrials which nave been t9e or
get recently for bear attack. rms was
notably true of the Mating and Glucose
stocks. Mailing, preferred, leading with
a rise of nearly points.
OF the low-priced stocks. Standard Rope
and Irvine was brought forward, with IN
advance 81 2ia. half OF when was s t.oI
stocks also received favorable attention;
but gains i'm them were no better nelu
than elsewhere.
SOUTHERN RAILWAYS STRONG.
There were other individual stocks
which were strong at different times, IT,
GLIDING AtchisOn. preferred. on its sep
tenber statement of net earnings; South
EN- Railway, preferred, and Chesapeake
London was a buyer here, though on
a smaller scale than yesterday, ana sttI-
ling exchange yielded traction III c'n-
Apprehension of an unfavorable show
ing bv the banks on saturday was an
influence in the growing heaVlness III
stocks New York exchange shows some
recovery at a few interior points. but
continues downward at others ana the
outward movement OF money has not YET
ceased. The banks net loss 10 the SUP,
Treasury thus far fOots UP over Siio'o'''
for the week.
MONEY RATE DROPS.
The rate for call loans dropped sud
denly near the close 10 . per cent bil
only after the bulk of the DAY $ ueiiailu9
had been met AT 612ffi per cent l-ciit.''
OF money on time hold oHt Ioi ~ -
and exact choice collateral me l"lt
il that some Of the large Interests OPP
rating i'm the market have been itH"elS
of money. and are calling their loans l"i
their own operations i'm stocks;
The dealings in bonds disclosed lhe
same breadth of demand as those III
stocks. many dormant issues p+Nls
brought into the trading. Standard k2pe
and Irvine incomes rose an extreme az
and reacted 2. The bond ISL ieaCto'.' u.
sympathy. with stocks, III VIZ ',o,oevihst
of the day making changes roile Mi''
mixed. Total sales par value S-'l'''VsV'
TOTAL SALES.
rho total sales Of stocks to-day were
eo- 6i0 shares. including Atchison, 49,,
Atchison. preferred. 26j@; Chesapc' IN
and Ohio, 100; chicag2 b IIIand 'o e Si
SG1 t1,i,,s cincinnati. Chicago. ana
9, oris 5.575: Delaware. larkd-
wanna and Western. 1WO;, MS am. IN -.,
% AS: New Jersey Centiai; o,os', ,,,,.s1
Work Central. GOO; Reading, lst pIeierr-u'
a 10. Reading 81 preferred o.go ~ ~.
i iario and western. $3.50; 81. Paul i2,'ll'
southern Pacific, 12IO; southern ad ~ i.S.
: 20. southern railway. preferred .H.al"s
Tcxas and Pacific. $3.50; Union, PACING nc
l6 SO: Union Pacific prei 5i rlo,. g S,yd'
Wheeling and Lake Erie, "a preleII,,dd
q cSo. American steel and Wire ''-,u;
American Tobacco 1850; B aoSsdyo f Ii25
Transit. 30 so; Continental lopacSo' l@.-5.
continental Tobacco, preferred 9',2(,
Fcdeial steel. $3.50; Peoples Gas , S'5i!:
sugar. 30 450 United states LeathSr ,7'55''o,.
I-nited States Leather, prelerIe"' i''--''
f,n,ted states Rubber. $500.
MONEY AND EXCHANGE.
Money on call easy at i 2a7 per ee 1piic
last loan at per cent prime iiioi
Sterling exchange easier win III a Stg ~
business in bankers o DIS az e Tor sixty
d do postcd rates, S.SiQsSi2 ana $4.sSH
SifSib: commercial bills, NSZ ~ su,,er
silver certificates. 5Snos. bar S"'e''
XII Mexican dollars, IA. CO.. ho,,,.
% Government bonds easy. state Dohus
strong. Railroad bonds irresu''''
la