Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-11-04
STOCKS CLOSE DULL.
AFTER ANIMATED OPENING AND
EARLY UPWARD MOVEMENT.
MONEY FIRM AT 6 TO 8 PER CENT.
tnfavOrabIe hank Statement Ex-
pected TO-day-BOnd-, After Some
Early strength. Yield. In sympa-
thy with stock.-Produce Markets.

NEW YORK. November 3-The OPEN
irg dealings I'm the stock market we're
very animated, and the course Of prices
was upward. Continued activity By the
various pools was apparent IN the stocks
which have advanced within the last few
Gays. Heavy realizing was in evidence
al very early period I'm the trading,
the snap being soon taken out Of the up
ward movement. The volume OF the CELL
ing was much below the best prices. hut
the demand also fell off, and support
seemed TO be Withdrawn from the mani3-
ulated Speclaltes. The course OF prices
was generally downward FOR the rest Of
the day. One or two efforts were made
TO check the decline. but without great
effect
The bears made no great demonstra-
tor until the final hour. when prlc1s
touched the low point Of the day. Cover
ing by the shorts rallied prices. but they
were not well held. and the closing was
rather irregular and very dull. The
general level Of prices IL lower on the day.
but there are a few exceptions. Unlted
States Leather continued a conspicuous
figure I'm the speculation, and was rushed
up an extreme so points to 1874, and
closed q below that. The preferred
stock parted company with its junior.
after n rise OF nearly point. and MAS
decidedly weak for the rest of the day,
declining an extreme 81. with q final
rally Of q. Dealings I'm Southern Pacific
continued on very large scale, but the
stock al no time rose more than Is above
last nights level.
Sugar dropped point, rallied ?. and fell
again below last nights level Manhat-
tan, on the contrary. rose over a point
but fell again to III. and rallied but
feebly. Standard Rope opened up Is. and
then turned downward an extreme ~
Brooklyn Rapid Transit also developed
weakness early in the day, and went be-
low 50 at one time.
CHESAPEAKE AND OHIO.
In the first 5 minutes OF trading over
II go shares Of Chesapeake and Ohio came
on the market with only slight I'M
preston on the price. These examples
Indicate the prevalent dispositlon 10 49,
LrOfits for the long account. me ma
JOrity Of railway stocks were singuidrly
neglected. with the exception or some
carly demand for the SouthWestefns'
which gave way in the late "eahnes
During the first two hours OF trading
there were but two transactions record
ed I'm 81 Paul. There was some selling
for London account, but Il was well all
sorbed I'm the early period OF strength ia
This market The reactiOnary tendency
was due 10 the growing apprehension or
an unfavorable bank statement to-mof-
row. Money was not stringent. but was
firm at 6 10 5 per cent The banks nave
lost on Sub-Treasury operations some "
GS1 90. after allowing for receipts or VI
CoOOOO I'm gold and government interest
pavments and including 10000 deposited
at the Sub-Treasury Tor transfer 10 the
interior According 10 statements COM
piled by the leading banks, they nave
made net shipments 10 the Interior Dy
express OF nearly S2OO0,000. This would
indicate a net loss TO the banks In cash
Of over 100000. The Clearing House III
situations have called loans on large
scale during the week, 50 that this loss IN
cash is Offset, in part al least.
Last Saturdays Statement was believed
TO have made a more favorable showing
than was Warranted by the actual cOndl-
ton OF the banks. and the Vagarles or
he average system may throw some OF
the unfav0rable factors over IN THIS
weeks statement
BONDS YIELD WITH STOCKS.
The bond market, after some early show
OF strength. yielded I'm sympathy WIN
stocks. Total sales. par value, N'51oUV.
United states 2s advanced T. and the
new A. = in thei bid price.
The total sales of stocks were 6iJ,iO
shares. including Atchison. preferred, g.
g25: Chesapeake and Ohio. Vl1j; Chicago
Great Western. $3.50: Chicago, Burlington
and Quincy. $3.50; Manhattan, 1850; MIS-
souri, Kansas and Texas. preferred 6.luc;
Ontario and Western. 5.22J, Reading, nrst
preferred $40; Southern Pacific, lZ2,iso
Southern Railway. 500; Union Paclnc.
5000: Wheeling and Lake Erie, 1851, A.. -
and W. 9712; American Tobacco 5,wl;
Continental Tobacco. sos; Federal Steel,
lO52O: Standard Rope and Irvine, n.Vs5;
Sugar. % $50: United States Leather; llo'-
675: United States Leather preferred D.
1873.
MONEY AND EXCHANGE.
Money on call firm at SqS per cent; last
loatn At g. Prime mercantile paper, oAV
"a per cent.
Sterling exchange firm with actual bust
ness i'm bankers bills at SLs6lsdS4N Tor
demand and at SL8a$i@A FOR sixty
DAYS: posted rates $.Sl and H.SS; COM
mercial bills, S462A.
Silver certificates 5SAM5t2 Bar silver,
5Sis Mexican dollars, 4Ti.
Government bonds strong. state bonds
inactive. Railroad bonds steady.
BANK CLEARINGS.
The total bank clearings IN the United
States for the week were Sl.s22 $50, 0s3, per
cent. increase 3ij. Exclusive OF New
York. $eS2, 09l. 80; per cent increase Ill
So,v work stock QuOfntions