Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-09-07
STOCKS CLOSE LOWER
PRICES GENERALLY BELOw WED
NEsDAY NIGHTS LEVEL.
ST. PAUL THE CENTRAL FIGURE.
IL Rises Nearly Two Points, But
Later Lcses Half of This Gain
More Money to Move Cotton-Pro-
duce Markets.

NEW YORK, September G.-st. Paul
was the central figure in to-day's mar
ket. The publication Of the annual re-
port with its great detail OF facts and
figures, showing extraordinary prosperi-
ty was the motive Of the buying. which
was very large. and which carried the
price steadily upward nearly z points.
So wide movement in standard stock
OF st. Paul's character was expected to
arouse some sympathetic strength in the
general market The ST. Paul movement
In the upper stage of the advance showed
some signs Of manipulation for the pur-
pose OF sustaining the general market.
There was quite free selling wherever
there was q notable advance in price,
and the last hour was given over to an
active realizing movement, which clipped
Off half Of ST. Pauls gain, and reduced
prices generally to below last nights
level.
The jump in call money TO 6 per cent
induced realizing. Tennessee Coal dashed
up and down in an erratic manner all
day, climbing 9ia points in the first hour,
and dropping again to within points Of
last night. The feverish demand for this
stock is attributed TO a large short in
terest. which finds itself obliged to sell,
with practical corner I'm the stock, ac-
corning 10 current rumOr.
The movement i'm Colorado Fuel. which
reached about points, was in close sym
pathy with Tennessee Coal, as was that
or points In Hooking Coal.
SENSATIONAL ADVANCES.
There were rather sensational advances
aIsO IN Pullman. the Buffalo, Rochester
gHu TlttsDurg stocks, which gained about
Z points each, and Colorado Midland, pre-
ferrcd. Southern Pacific and Central Pa
cine recovered about half of the recent
decline. and the Norfolk and Western
and COalers advanced temporarily, but
more than lost the gain. Sugar underwent
The same experience. rising 2 points on
the declaration of the regular dividend,
and then reacting an extreme 35sc The
New York municipal stocks al weakened
during the day, Brooklyn Transit having
cined "a, after an initial rise, ard Con
s1idated Gas showing loss Of 81. New
TX Air Brake dropped 5 points. RepuD-
Die steel. after gaining rs. dropped 3is,
and American Smelling was cOnspicu-
ously weak.
There was no marked change in the
condition Of the money market to-day.
Can and time money rates were quite
stiiIly held. There was ii further deposi,
Of $50 000 at the Sub-TreasuTy for shn1
ment 10 New Orleans. New York eX-
change at interior points indicated pres
Sub-Treasury continues 10 absorb cash
from the banks. Notwithstanding tne
hardness Of money here, and the some
what easier tone in London. sterling cy-
change was firm i'm New York, and I'D
vanced a fraction or actual business.
The bond market was quiet but prices
were well held. Total sales, par vahe,
s2,367 go. United States bonds unchanged
in bid price.
TOTAL SALES.
The total sales Of stocks to-day were
Gl5.000 shares, including AtchisOn PIE
ferred, 1920; Rock Island $500; Chicago
Burlington and Quincy. 2l,l7O; Hooking
Coal S16J: Louisville and NashYiile 20
Z. 100: Manhattan. 1920. metropolitan
Street Railway. 1851 Missouri Paciho,
720O; Norfolk and Western. $50; Penn
evlvania. 62l5: IT. Paul $3.50; SoutL -fn
Pacific. 1850; Union Pacific 1850; Union
Pacific preferred. 1890; American To-
bacco. 28l92: Brooklyn Rapid Transit
15172: Colorado Fuel. $3.50; Sugar, 1G3'o
Tennessee Coal, $3.50
MONEY AND EXCHANGE.
Money on call 500 per cent. last loan
at Z per cent; prime mercantile paper
$40 per cent. 40 1870
Sterling exchange firm, with actual
business I'm bankers bills at AeGis0&6gh
for demand and $i2}sQA.Sl2 FOR slNt,
DAYS: posted rates, A-SAqsAoft2' CONNER
cial bills, AS2N$A62l2.
800: Mexican dollars. 4iH.
Government bonds steady. state Dohus
steady. Railroad bonds firm.