Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-04
STOCKS SHOW GAINS.
VOLUME OF DEALINGS SMALL AND
ADVANCES SHARP.
TOBACCO COMPANY REACHES 1877.
Markets.

NEW YORK, March stock dealings
were IN moderate volume to-day which
induced sharp net gains. with a firm tone
prevailing at the close. The realizing
which appeared yesterday continued but
short time this afternoon. and then
quleted down with the appearance in
many stocks Of a hardening tendency.
Traders were inclined to cover TO some
extent on the appearance OF some social
ed good buying. Burlington. Atchison
preferred, Sugar, and the Steel stocks,
with the cessation Of long stock coming
out. became decidedly firmer Brooklyn
Transit was strong. because Of the an
nouncement that the stock issued TO ac-
quire another company had been absorb
ed by a syndicate. st. Louis Southwest
elm preferred was decidedly stronger, ana
there were a number Of advances among
the Specialties. including Consolidated
Gas. metropolitan Street Railway. Gene
raj Electric. American Tin Plate, and
Tobacco. The upward manipulation OF
the last-named stock. which reached 49,
was on the theory that 10 would have a
MONOPOLY of the trade by its acquisition
Of the Union Tobacco Company. The chi
cagO and Alton deal vas the subject OF
favorable comment, because Of the bene-
fetal effect on the general railroad sltua-
ton. which II was presumed, would re-
suit from the deal.
Out-Of-tOwn houses were purchasers
except those I'm the West, which both
bought and sold Arbtrage houses dis
posed Of some 20000 shares, a portion OF
which they repurchased. 4 delay in ca
.svfn "a rrar off
the arbitrage business. While there was
general activity on the part of the com
missi0n-houses. the bulk Of the day
operations appeared 10 be professional.
CALI. MONEY RATE UP SHARPLY.
The sudden call of 100000 from sub
scribers to the new baking-powder com
bination carried the loaning rate of call
money sharply upward a small amount
being loaned as high as IL per cent.
This condition was reflected IN the
very weak sterling market.
some irregularity occurred in the bona
market. which. however. did not impair
the general undertone of firmness. LOUIS
yille Evansville and ST. Louis Us were
AGAIN the features. rising points, ana
nractic9llv losing the advantage Iotal
sales 8.S75OOO. United States new IS,
neu, rs and old As, registered, advanced
Is in bid price. c,oooo
The total sales of stocks were 6io5p
shares. including 600 Atchison, S,9H
Atcbieon nreferred: SSH Central Pacihc;
= Sto Cbosapeake and Ohio 500 Louis
,,ille and Nashville: $500 Manhattan; s'slO
.retronolitan street Railway; 1000 Read
inc first preferred; G,S9j New YORK Cen
tral. mo Northern Pacific 90" Nor'n-
ern Pacific preferred; 900 ROCK lsldiu .
4.fIfff 20
15.5qs Union Pacific; u.A5 Union fac'liC
preferred: 25170 St. Paul; lo,SN Sou'nei -
pacific. 56s5 Southern Railway, preierreu ,
e1t2 Texas and Pacific; $50 Ainerlc,.l il
Tobacco: $3.50 Bay State Gas I4'lV, cue
raj steel; 1885 Federal Steel preferred
22 ass Brooklyn Rapid Transit, lob "a
cidc Mail; 2i52O Sugar; i,-l0 uhlleu states
Rubber. ,.
standard oil closed. 4I5a4so
MONEY AND EXCHANGE.
Money ON call firm at 21-2q4l-2 per
cent. last loan, S1-2; prime mercantile
paper. 3a3 IL per cent. ....,
S+eriing exchange weak, with actuai
l,,sinoss I'm bankers bills, at $i.so -.
2is,2-4 for demand, and $l@ l--lfi.e9 o =
for sixty days. posted rates $hst ~ -,
eiS5 and 4S6 1-20$4Sl; commeiclal Oll'''
'' siiver certificates. nominally SO -
eo1-oc . bar silver, 50 5-Sc.; Mexican dol
lars. 50 1-2c. e...o to,ds
Government bonds strong; state oohos
inactive. railroad bonds irregular.
BANK CLEARINGS.
nh total hank clearings in the United
states for the week Were s-'i'l'S' - 90
ner cent increase. 1914; exclusive VI o. ~"
York. S732. 6l ,Sil; per cent increase ON
g., S.octl ouOtatIOns.