Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-02-26
STOCKS A BIT LOWER.
DEALINGS or HALF
.u.pys DINING SHORT SESSION.
BANK STATEMENT IS BEARlSH.
x,he., wenk and Lower-c"r" and
aged-PoPk and Ribs "
s.as torer-Lard toehnnscd-
Other Markets

>.V,y WORK February G.-'rhe market
-,-,s ,,.ofionaily lower to-day. on deal
-. ~ half million shares during the
49, s.srion The Philippine situation
,1,..oyed 10 be used as "a bear argument
.,,,b fhe professional element. which vas
isrgely lr control u the market. There
oere various runors afoat favorable ~
the spccialueg. including Tobacco. Sugar.
American Steel and Wire. international
silver, and Thlrd-Ayenue Railway. but
there wss also a lack u confidence.
Ir1ders were eaid 10 have given asgu-
rean that tho regular dividend disburse-
r,at might be expected IN Sugar. ana
flrhwith that stock rose over points
from no lowest n was also asserted
raf the Tobacco earnlngs were large.
AND fhaf the company vas backing those
JOB control Of the Cuban cIgar-naking
yaNfa, but this WAS In measure onset
d. donials from Union Tobacco sources
t1at there would be cancellation
with tho American Tobacco Company.
which made only fractional gain. Re-
ports Of the consolidation Of other con-
Germs were rcsDOnsibie for snare fIte
20 American Steel and Wire, only ifac-
Ton u which Was retained.
the feature Of the dealings. DDih mere
ana abroad, was me large demand iOf
New York Ontario 8ud western DO ine
oZpocthDon that bor1uf" ut iih h'" "'
QnslfiOn OF co8l-laud8 the company
,gould proat by ans Improvement boo the
anthracite trade The ei0,k k3intd z
points. on transactions Of almost 10000
shares.
PRICES RUN OFF
In tho general market Tho opening WAS
hesitauug. but pronounced tone soon
developed ana prices ran M sharply on
Iiquidatl0n ln The Spcciaitics and sue
oesafuI drives against the Grangers.
AtChlFOn preferred and Northern Pacific.
Ponewod buying Of Sugar aud like pro-
perfios rallied tho market up. but the
bank statement fulhllcd bear expecta-
tonr. showing another decrease lu re-
ssrvo or over NOO0WJ. and an increase
Boo loans Of nearly $500. and brought
heavy realizing, particularly among the
hgh priced stocks. Toward The close
sugar and Tobacco started upward again,
and thc general market tailed ON. Third
Avenue. which has been extremely cOu-
sefvatYe Zoo IT, movements unfll OF late.
scanned h commanding position among
the ouat0 specialtios. rising to-day 1912
points no lh The rise was attended bv
re.teraNou Of fho various reports CON
corning ihe properly, which as yet lack
authenticity.
CLOSED FIRM.
lhe market closed firm. with "a gene
"a fife iu progress
Standard on closed 1901 bld
The weeks bond market while some
Whti Irregular showed good under
Tone striking gains were made i'm many
Issues. which have hitherto moved mar
rowly United states new A. coupon.
advanced y IN tho bid price
The total sales of stocks were on 100
shares, including 800 AtchIs0n, $3.50 do
preferred, b.GD Central rncl0c. 1850 Chi
cafo, burlington and quincy. 127O Nort--
era Pacific. $3.50 ontario and Western.
l0.5D Rock Island. H1H Union pacinc.
1870 do. preferred. 1850 H. Paul. 1905
American Tobacco. ID GO Federal steel.
1870 Brooklyn Transit 1910 Sugar. ana
1880 Tonnefseo Coal ana Iron
MONEY AND EXCHANGE
Money ON call stcadv at 2a2ll per cent
all tranaacuons at ~ per cent. prime
mercantile paper dndiF per cent.
Sterling exchange steady at 2isstSfp
NmA for demand. and yiSr4mTiSfb for
sixty days, posted rates. giNi5nS1 nnI
tlA'tWt ~ commercial bills. $iNr
ffNis
Silver CoriiGcatos uomIullv b9iL0GOL
Bar silver agis Mexican dolairs. f7it
btuto bonds inactive Railroad honda
week Government bonds nrmcr
BANK STATEMENT
The weekly bank statement shows the
following changes.
surplus reserve. decrease. $O38q0.
Loans, increase. N2 1868 90
Specie, increase. &23 UuU
J. rol- tenders, decrease 81 2il,60O
Deposits. increase. Sl3 i0l BOO
Circulation. increase. $1,000
The hnuks now hold XDalfg0O ia cyceqs
Of the legal requirements.