Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-30
STOCKS CLOSE WEAK.
BULL MOVEMENT RECEIVES ITS
FIRST MATERIAL CHECK.
TALK OF TOBACCO TRADE FIGHT.
This Carries American or 3 Points
and Continental 2s-Whent, Corn,
Oats, md Provisions All Higher
Other Markets.

ment in stocks, which started Saturday.
received Its first material check shortly
before noon to-day. The dealings were
clearly above the million-share marx,
with nearly a quarter of a million Of the
transactions in Brooklyn Rapid Transit.
The sensational advance In the forenoon
brought about realizing sales on an enor-
nous scale in the late session. Foreign
exchange was strong and higher espe-
cially on short bills. There was no salts
factory supply OF commercial bills, and
the april settlements were given as
reason for the increased RENTING de-
manA which was said to be unconnected
with any anticipation Of settlement OF
the Philippine Indemnity matter. Ihere
was a furry in call money, which went
as high as per cent, ana closed az II
These circumstances, together with the
carly strength in wheat, occasioned the
afternoon declines. which embraced more
stocks than were prominent in the rise.
BROOKLYN TRANSIT RISE.
Broolxlvn Transit made an extreme rise
Of points. dropped over s, and closed
with a net advance of points from the
ton I'm this stock. which sold to-day over
100 points above the figures prevailing
last April. was on large blocks or Stocks
thrown over by the traders, but on the
decline, supporting purchases by parties
identified with the property resulted III
a rally. As in the manipulation Oh tiiS
stock many brokers are used, IL is UNI
cult TO say whether the decline was on
genuine realizing or TO snake OH III u''
desirable following.
Although Northwest closed with gain
of less than 2 points. it had at ono time
risen ~ the extreme of Z. New York
Central. which at one time was UP 80
retained less than Of the rise. Ihese
stocks we're unusually active, and re-
vivod talk OF the possibility or consohua-
ton 1t was said that there had Deeh
enormous realizing by interests active IN
manipulating tho rise In several STOCKS
which were easily taken because OF inc
purchasing demand aroused by their re-
cent strength. This. however Is mat
ter OF pure conjecture
TOBACCOEs WEAK.
Reports Of hitch in the delivery OF
certain properties to the Cohuheh'at ~
bacco COMPANY and talk of the possibility
Of a trade fight, kept the lopacco
stocks weak much of tho day American
Tobacco being off over 3 points and Con-
tinental 25-S. Federal Steel and similar
nronerfies suffered on realization. Weak
ness also developed In General bleclTlc'
AtchIson preferred, and the Coalers. Inc
Granger stocks showed good gains IN the
carly period of strength, and receded Win
the rest of the market in the early atter-
| noon. The market closed weak anu ac-
| tive. with many sharp IosseS'
Standard Oil. 47Onf3
Railroad bonds participated fully In the
| vaearies OF stocks to-day, but the range
was well within the point OF the most
| active issues. Total sales, $A.Si5OW. United
states bonds unchanged in bid price.
The total sales of stocks were llll,o~
| shares. including $3.50 Atkinson; oO0vo do,,
preferred: ESQ Central Paclnc; V+lV
CLEVELAND. Cincinnati Chicago and ST
Touis: II $50 Illinois Central; 5.5S LOUIS
| Vile and Nashville; $3.50 Manhattan; IL.
rs Metropolitan Street Rallwa!; DIV
| reading first preferred; $500 missouri
paciac' 6. 200 New York Central; 1855
| Northern Pacific: 6,49S do, PREFERRED -
512 Chicago and Western; 2OSO Rock Is
| land. DC go Union Pacific 2G962 DO, pre-
| ferred. q $50 st. Paul: 5.130 Southern Rail-
way. 1885 do. preferred 2l,9io American
! steel and Wire: $500 Federal Steel; 2oV1l
| do preferred: 81 SO Peoples Gas; 2o9%o
Rrooklyn Rapid Transit; $3.50 Continent
| al Tobacco; 2O,Oi5 Sugar; 5,l65 81 LOUIS
| and Southwestern, preferred; l3'eoo Ten
nessee Coal and Iron; 3,l5O Chicago Great
| Western.
MONEY AND EXCHANGE.
Money on call 31-2a7 per cent; last
loan at S1-2 per cent; prime mercantile
paper. 1-i04 IA per cent. .o,
Sterling exchange strong. with actual
business in bankers bills at Sis6 l-2G
1864 for demand. and siSi l-2qA:a "a
| for sixty days; posted rates, SiS4 l--qsie'
and SiS6 1-2Q$4S II; commercial oliis'
$4s3GS4.S3 IL. w., .,,,.or
silver certificates. GCq6O IL. Bar silver
1912. Mexican dollars, IL -.
| Government bonds steady. state bonus
strong. Railroad bonds weak.