Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-25
STOCK TONE STRONG.
SLIGHTLY EASIER, CALL
RATES BEING TO ~ FER CENT.
SLIGHT CONTINENTAL TOBACCO LOSS.
Southern Preferred and Other Rail-
ways Improve Over q Point Each
The Grains Stronger and Higher
Provisions Improve.

NEW YORK. March 2i-The fact that
money was slightly easier to-day, call
rates ranging from TO AZ per cent.
lent confidence 10 operators. and gave
the market a strong tone much OF the
Gay. Another important influence was
prediction that because Of the curtail-
ment in loans. supposed 10 have taken
place this week, the banks would be
able 10 show an increase in surplus re-
serve tomorrow.
Pool buying Of Brooklyn Rapid Transit,
which lifted IT 5 is. and of Peoples Gas.
which gained a point, had a sentimental
Influence. because Of the prominence OF
the parties concerned in recent opera
tons for q rise.
The railways were not quite as active
as yesterday. but dealings in the Gran
gers improved them fractionally. and
Pacifics were n trite higher. Consoli
dated Gas lost 81. and Third-Avenue s
points, on the fear that they will not
secure desired legislation. There were
fractional losses. too, in Metropolitan
Street Railway and Continental Tobacco.
while in Sugar the loss was 81. Among
the Coalers, Lackawanna and Jersey
Central rose over point each. while
the Readings were practically unchanged.
SOUTHERN PREFERRED IMPROVES.
Among the railways Southern preferred.
Louisville, and Atchson preferred i'm
proved over a point each. The activity
in Louisville started in London, and
aroused 2 brisk local demand.
The explanation that the Westinghouse
suit against the General Electric Com
pany is Of a friendly nature continued
20 benefit General Electric to-day which
rose point. Rubber and Chicago Ter
minal were also strong, and gained over
a point each. drive at Burlington in
the late dealings reduced its extreme gain
over point and exercised an unsettled
effect on the general market. This stock,
however, toward the close spurted up
again, and made gain OF IL. Later
there was some hesitation. and the mar
ket ended with a rather easier tendency.
GOOD BUSINESS IN BONDS.
A good business was transacted i'm
bonds to-day. the aggregate being &,935.-
coo. Prices moved Up pretty generally,
with decided strength in Standard Rope
incomes. United States new as and the
old AS advanced IA in the bid price.
The total sales Of stocks were 69l,ioD
shares. including 1916 Atchison, pre-
ferred: 1880 Central Pacific; ESQ Chi
cago, Burlington and Quincy; $3.50 Louis
Vile and Nashville: 1856 Manhattan:
$40 metropolitan street Railway; 1885
Reading, first preferred; $3.50 Missouri
Pacific: $500 New Jersey Central $3.50
Ontario and Western; 23.255 Rock Island !;
917O Union Pacific: 1922 DO. preferred;
p go St Paul: 1908 American Steel and
Wire: 1855 Federal Steel; 1880 Chicago
Great Western: 1888 Peoples Gas; 49,
sS1 Brooklyn Rapid Transit; 1880 Sugar;
1920 Tennessee Coal and Iron.
Standard Oil closed 474Uh5.
MONEY AND EXCHANGE.
Money on call firm at 4d+ IL; last loan
at g. prime mercantile paper, 31-iqi IL
per cent
Sterling exchange firm. with actual
business in bankers bills at sis5 l-2p
s4s5 81 for demand and SiS l-4uA.S IL
for sixty days; posted rates, S4.SiqS:Si IL
and s4.s61-2; commercial bills. &S2 IL.
Silver certificates, 80 3-iI6O Ii; bar sill
yer. SO SIS: Mexican dollars. AZ H.
Government bonds strong State bonds
steady: railroad bonds strong.
BANK CLEARINGS.
The total bank clearings in the United
states for the week were 81 SS4,504,79l; per
cent. increase. 734 Exclusive OF New
York. $6l1, go. 45S; per cent increase, S5.4.