Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-05-16
STOCKS REC0V
AMPLE CAPITAL TO TAKE UP ALL
FLOWER OFFERINGS.
The MARKET CLOSES FIRM AGAIN.
Flower stocks All End Higher,
Though below the Dest OF the Day
Wheat Higher-Corn Unchanged
Other Markets.

NEW YORK, May l5.-Opening quota
tions in the stock market were a, yigor-
Gus notice served on all parties that am
pie capital was forthcoming 10 take up
ali offerings which timd holders or the
so-called Flower stocks chose 10 oner,
and also 10 the bears that powerful wea-
pOns were on hand to resist any on
slaught on thea The different members
OF the Flower group were opened up to
points above Saturdays close, the favor
ties Of the late financial deaTer-Brooklyn
Rapid Transit and Peoples Gas-leading
the rise New York Air Brake, in its
usual volatile manner. made an excep-
tional rise OF IL points in the first few
minutes These aggressive tactics served
TO dissipate any uneasiness in the specu-
lative mind remaining after the violent
! fluctuations in Saturdays market.
Early quotations from London also
| made 1t evident that there were large re-
serves of capital prepared TO take al
vantage OF any further sympathetic de-
clines in the general list Of securities TIES
| The buying there before the opening mere
WAS not only for New York account, pre-
| sumabIy with the purpose of supporting
values but also on orders from Scol-
| land. Germany, and Holland, as wen as
| n local English demand. The hlgh open
| ing here, and especially In the flo"ef
stocks invited a considerable volume OF
| offerings hut they were absorbed Win
| out the slightest hesitation, and In a
| short time they materially decreased
| The pressure OF liquidation being re-
! lieved the vigor of the efforts at support
| was somewhat relaxed, prices having
| failed to break, the bargain-hunters were
| deferred from buying, and the market
| fell into a quiet state.
GENERAL STIFFENiNG.
| 4 brisk upward movement In sugar, 10
| 15i5s and a lively demand Tor the "a
| cities and the Changers. caused a gehtI AZ
stiffening again throughout the list. l3ut
the smalIness Of the transactions as
| couraged a continuance OF the buIl specu-
| lation. and the market fell back INTO com
| parative inactivity. Inc movement ~, w
| prices became decidedly irregular, many
| OF the more obscure specialtes nuctu-
ating quite widely. but in contrary direc-
| tions. This was notably the case dI Tni ;
I the Iron and Steel stocks. Tennessee COAL
| Colorado Fuel, and Nallonni 49, ,nesrican
| ferred being notably weak. American
! Smelling and the COalers were alSo co IN
| sistertly weak. This tendency ana tne
| apparent withdrawal of supporting QUE ),
| invited a raid by the bears later III we
| day. particularly directed against une
| Metronolitan street Railway. when Was
| raided down points. The Grahstis "n'
| paclfcs also suffered In the declihe, ~
cept Central and Southern Paclhc' Will Will
were consistently strong Metroponla,
| Street Railway rallied very strongly
| points and the local Traction sharea le,
| sponding in sympathy, the pear LAZY NJ
| covered making the closing ilrnlc . ~
conspicuous changes s,o wefe higher though
haiov, the best OF the day. Other"Is,
nbangee In different stocks were ho'
large. Net gains predominateu'
STANDARD Oil. i%0fSS'
BOND MARKET.
In the bond market there were SOM ~
very heavy takings OF tn IeoIings as else.
,horo were moderate and changes e -
aer,,lar Total sales, par values, Si'loy,
ga United States 3s advanced Is III '"'
bid price. .oo,,s ,o-dav were
200 a ne shares including 1850 Atchisor
,roSorre5. 7 800 Central Pacific, l39i2 Bur
iington. 90 29O Louisville and NasntrIe
! ~ On Manhattan: S05 Metropoiltall 80, 80
Railway; 1850 Reading ,o Isl Rod gfe Island
d 10y 49, Pacific: % .975 st. Paul; 500
Southern Pacific; 600 Southern KaltWny
3 IS5 Union Pacific preferred: Ilov S e.noi
ican Steel and Wire; 2S,62 tecera! ST. o.
n 25o Federal steel preferred; Zi'2oO e ~,
rio'e Gas. IN SO Brooklyn TRANSIT; 80
Eon,inental Tobacco: 1880 sugar -, 80
Tomunssee Coal: $40 United states Rup
Der.
MONEY AND EXCHANGE
,to,,o,, an can steady at 2i2ai per cent.
last loan at per cent; prime mercahti
p' Sterling exchange steady WIN q. Ess' aSsiS
business in bankers 6iil s,S az Sf for srt
d dor M nnsted rates. $AS5Q$4S6le and &SIl
@ as Ssil: commercial bills s4SiqAA13;
"S SiiveT certiicates. 61ssQ62c. Bar silver
Gisc. Mexican dollars: 4Sa4c, and Inactive
Government bonds Stro"s anu
4 Railroad bonds Irregular