Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-02-05
A SLIGHT NET LOSS.
STOCK MARKET STRONG. Though,
MOST OF THE DAY.
Increase I'm Loan Account Due 10
Financing of Number OF DIE
Dcais-Anothcr Drop IN
Provisions Lower.

va. strong the greater part OF inc ga!
but early gains we're lost, ana piiVo'
oeaed until they had made a slsht he'
loss on the day. The bank statement ~.
crease in surplus Of about one ana th'ec-
ouarter million dollars was the ostehsi-
bic reason FOR prices running OFT IN me
ls,a dealings. London was purchaser
In this market and the tone there lor
American securities at the end was hrih'
locally there was a continuance ca ' n1
purchases by large interests Hy''u
;erday, and round amounts OF shv. 'o'' -
tracts were covered. Comment buy i,is ~
hieh-pr!cod stocks. including New 1otN
Csniral and Pennsylvania, gave slthsa y,
10 the rest Of the list. 10 was ahhoul No.
that the New York Central was 20 W,
rate the West Shore railway HIyLN -
rectly. and That a separate ~ a. 49, he
would be maintained only as laE -,
West shore board was concerned. AiiI 1,s
the other stocks showing cor p.C" ...,9
strength on the rise were W 49,, y'i..7 pic
Lake Erie preferred. NORM IN n,o,,,'ry
Irarde and Western preferred, b,HN''
prcferrcd. Canada southern, Cl'N''ouD,
Cincinnati Chicago and ~. LOUIS GU
81 louis and Southwestern PieleIl0"'
which rose from ] 10 points. ,r,,-s
Nfafropolltan advanced points, nm
Avenue iunped Iia. OF which IL iost az
and Consolidated Gas and Brooklyn Ciloli
Gas retained 81 and 20, respccuNttl9' ~ H..
large advances. In explanation oI ,ne
strength in these stocks. some sald that
NstronoIltan was 20 absorb Third Ave
nue. This. however. was denied ana we
purchases OF Metropolitan were salu 20
ie based on results expected from me
operation Of extensions about compie'eu'
GAS CONSOLIDATION.
The strength of the gas stocks was on
n continuance Of consolidation TAX.
Great Northern preferred held points oil
an even greater rise on limitations on q
possible distribution OF assets 10 stoCh
holders Silver gained "a, Lake Liie anu
Western preferred dropped . points, Oh
being relegated 10 the nOn-divldeho-pay
ing ranks. but recovered more tnan nan
OF the loss The common stock showed
sympathetic weakness early Dut rtCVE-
ered and ended with fractional aoNahOe'
Tho bank statement. which atected SEN
fincpt adversely. was surprise IN sew
eral respects. The increase or some $l''Vyv'-
600 In the loan account was not que 10
transactions. but was attributed 70 VIZ
financing OF q number OF deaiS OF sI,-t
MAGNITUDE in railroad projects ana lndus-
trial combinations. Then again eXtensiIe
credit was said 20 have been gwen 20
foreign sellers. who were Obliged 70 Dor
row until the securities reached neIe
f-om abroad. Standard OH closed 4Vv
BONDS IRREGULAR.
Dusiness I'm bonds during the week was
on 81 normal basis. with good undertone
There were alternate periods or strehSlh
and weakness in tho speculative issues
which gave the market an irregular as
meet United States 3's advanced : ana
The SIS. registered. \. The new as oe-
clined u I'm the bid price. ,-.o,o
The total sales Of stocks were 4oo'ev
shares Including $3.50 Afchis0n preterreGi
600 canada Southern; $50 Central Pact
fic, i2g5O Chesapeake and ONO lS,lOo Cil-
cago burlington. and Quincy; 100 Den,
Yer and RIO Crande. 77@ Louisville ana
Nashville: y 80 Manhattan; 6.ieo Metro
noiltan Street Railway; 5.e9 Lake ERE
and Western preferred; 2l.75 New Nork
Central. 1910 Northern PACING; l",i-V
Irnior Pacific: II ITO st. Paul: $50 South
EN- railway preferred. 6.141 international
PaDer: D 400 Tobacco; $50 federal steel
$40 Federal Steel preferred; $3.50 Consol-
dated Gas: 1888 Brooklyn Transit; 10.leD
Suee~. SEQ Tennessee Coal and Iron; $3.50
MONEY AND EXCHANGE.
Money on call steady at 2h per cent;
prime nlercantile paper, 3i2nSA per cen;
sierling exchange frmer. with actual
business in beukers bills at Aool+H
1871 for demand and at A%l2a $3.50
for sixtv days: posted rates, ASflSl.Sll2
sr1 e. 5000 SGi5: commercial bills, S4S2lR
silver certificates 59igg6Jl2 bar silver
zoe. Mexican dollars. A.
State bond, inactive; railroad bonds
firm: governr ent bonds irregular
BANK STATEMENT.
The weekly bank statement shows the
following cnanEes' s-o,-o
Loans. increase, N5.l5i 400.
specie- increase. S,722.9OO
Tleral-tenders. decrease. S905000.
Deposits. increase, $lS.3S5.OcO.
Circulation, decrease S9S, 400.
Tire hanks now hold S3S. 452675 in excess
of the requirements of the % per cent.
rule