Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-10
STOCKS RATHER FIRM
UPWARD MOVEMENT EARLY, BUT
THE CLOSE Is DULL.
AMERICAN TOBACCO COMPANY RISES,
IL Holds Its Position Near the Top,
Too, WefI--Consoiidated Gas Also
sfrong-The Grains Adyance-Pro-
visions Lower.
visions Lower.

NEW YORK, August 9.-There was not
much in the stock market to-day. The
market sold of at the opening on reallz-
ing and on the heavy tone impaired by
sympathy with London. Sales OF securi-
ties for London account continued to-day
on "a moderate scale. The call-mOney
rate in London, nevertheless, dropped a
fraction to-day. and sterling exchange in
Paris advanced, but i'm Berlin 1t declined.
There is renewal Of anxiety over the
Transvaal question, which had its effect
on foreign stock markets, and was a
factor In the reflected early depression
here. but the local market resisted this
downward tendency, and was inclined 10
move upwards before the end of the first
half hour, under the lead OF Sugar and IN
sympathy with an additional rise in the
Minneapolis and st. LOUIS stocks. Con-
sOlidated Gas was strong and American
Tobacco forged upward again, its gain
being 3 points and the price holding well
near the top Sugar weakened before
the day was over, but there were enough
! individual stocks showing strength TO
maintain Il pretty firm tone. notWith-
| standing the dulness later in the day.
some oil the gains were Duluth south
Shore and Atlantic preferred, 2 IL; United
| state Leather stocks Ia each; oregon
Navigation. 41-4; Pacific Coast. ,; Read
\ ing and Chicago and Eastern Illinois, l IL
each; General Electric and Colorado Fuel,
a point each. AtchisOn, preferred, adj
Vanced strongly in the late dealings.
CALL MONEY EASIER.
The call-money rate was easier to-day,
| under the iEfuence of offerings from out
| of-town sources. Chicago, Duluth, Min
| neapolis, and ST. Paul were said TO be
! lending money here and expressions OF
fr.F Hftas Al lFp IA
cagO as TO the plenitude of money there
| had a reassuring effect. While Chicago is
| buying commercial paper IN New N0rk,
country banks throughout the west are
| said TO be buying paper IN Chicago. Inc
rates for time loans and Tor commercial
| paper were however. very firmly held in
| spite OF the easier tendency IN the cali
! loan department.
| a hardening Of a fraction in the rate oil
| sterling exchange was reflection OF the
| lossened anxiety over the money outlook.
| Exchange has recently been tending per
| sfstentlv downward, Notwithstanding the
! dearness of money in London on account
| of the tension here. Cold imports nave
up to to-day seemed the only recoui - -
| against money stringchcy here IN case OF
| large demands from the interior Tor NOV
! ing the crops TO-day'5 movement OF
! sterling exchange was therefore hisnly
! important, as indicating the easier Sohul-
| ton here The presentation OF dIalta vi
|
| for gold deposited at the san franclacu
| mint is expected to be an important lac-
| tor IN relieving the New YORK money
| market. C,,,te o,st,
| Kansas city, Pittsburg and Gun ilrsts
| drouDed 4 per cent. to-day, in sympdtny
| with the reaction Of 23-O in the sioCh'
! The market otherwise was dull anu ~, IT
! regular. Total sales, par Nalue; 4Iu'', ~.
| United States bonds were unchah5eu III
! bid quotations. L.. ,..l-o
The total sales Of stocks to-day were
334liO shares. including Chicago, Burln r
| ton and Quincy, 1910; Rock Island 91,ooJ'
louisville and Nashville, 1850; keadlls'
nreferred. 800: do. first preferred; 500
! do second preferred, 5.ijO; st. Paul, '5J0'
! Union Pacihc 1880: American Tobacco,
36. 40; Continental Tobacco. SOW BROOK
/ Ivn transit 6,9lO; North American QUO
Sugar, 32,5@
MONEY AND EXCHANGE.
Money on call, 1-243 81 per cent; Iast
loan. IL per cent; prime mercdh'"e
/ raper. lao per cent.
! Sterling exchange firm, with acluai DuSl-
ness i'm bankers bills at $l@ ~ ior ue-
mand. and 4S2 1-ia$i& IL for sixty days
| nosted rates, $LS 1-2I4A ana AS' -
| commercial bills. 4A T.. ~. ..,,,,.,.
| Silver certificates, Cd l-zHol. bar sANei'
| coli Mexican dollars, AS
! Government bonds strong. state ponds
| inactive. Railroad bonds irregular.