Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-09-23
STOCKS END STEADY.
RECUPERATIvE TENDENCY OF
MARKET GAINS DECIDED FORCE.
The PRESSURE AGAINST TOBACCO.
II Is In Evidence, and Brooklyn
Transit Has Struggle 10 Over
able Bank Statement Expected.

NEW YORK. September 22-The recu-
perative tendency Of the stock market
gained decided force during the progress
Of to-days trading. The uneasiness
abroad was an element at the opening,
and changes were small and irregular,
and the tone Of the speculation hositating.
The pressure against American Tobacco
was in evidence, and Brooklyn Transit
had a struggle to overcome its opening
decline, the latter eventually moving up
ward and though II fell once again. below
last nights level, its advancing tendency
afterwards was a stimulating influence
or the market throughout the day. Inc
stocks Of New York railroad corporations
show close sympathy with the movement
In brooklyn Rapid Transit and many
minors were prevalent to account for the
movement, pointing to plan of unity OF
control of all the public utilities in the
Greater City Of New York Net gains
in this group, including Manhattan, Metro
poli,an Street Railway, Brooklyn Rapid
Transit. Consolidated Gas. and Brooklyn
Union Gas. ranged from ~ TO points
THE SpECIALTIES.
The movement in the Specialties was
most conspicuous throughout the DAY,
but a rather notable demand sprang Up
for the railroads. attracted by sudden
rise in Omaha of IA, m NoIth"eslcnh OF
a and in New York Central OF z ~ t.
gains were not maintained, put thtre WIS
notable buying all day or southern fdee
cific and the Changers. one or TWO Vt
the Southwesterns also advanced wen.
The movement in the railroads ula hoy f1,.
extend far outside these MINUS eAcep' 'oA
some obscure selling. -,
There was very heavy demand IN the
last hour Tor the Leather stocks, WITH ~
was a material factor in overcoming Ihe
reactionary tendency OF the maj htt:
limited states Leather, common, advanced
10 49, and the preferred to iy7s, cIVsli,5
at the top. The general marNete ',l,s,,,
steady. under this sustaining lnnuOhce'
some what below the best. ,,, l.. ,oo,.
Speculative opinion was inclined 10 look
for a favorable bank statement to-Inor-
row. and was much cheereo eheIeps =.
There was no further evidence OF stocrS
being forced to sale by calling or loans
snd tho rate for call money did not rise
above per cent, and fell on minor trans
actions below that. This is pretty goou
evidence that the banks are Wltnlh lhflr
legal reserve, but II gives no Clue 10 "
how far the surplus may nave Deeh IT,
plenished. e.,,.r,
RONDS MODERATELY ACTIVE.
The bond market was moderately ac-
tive and prices advanced IN syHlpdlny
with stocks. Total sales, par value, $l'zfo;
600. United States old As, registered, au-
NgmrC0
The total sales of stocks were 200 ~
shares. Including AtchisOn, preferred. ~
40. burlington, %, $50; Rock Island, Ito;
louisville and Nashville, 1870; Manhat.
tan. 81 1875: Metropolitan, a,5s5; missouri
Pacific. 5.iO0: New Jersey Central. e,O5o;
Northern Pacific, 12,slOi o. R yea nrss
nreferred G.S10; St. Paul, &l@; southern
Pacific. 1895; Southern Railway. prefer
red $500: Union Pacific, $3.50; Union "a,
cifc. preferred. $40; American Ste, Steel
Hoop. 1850 American Steel and Wire,
100; American Tobacco. $3.50; Anaconda
Mining Company. $50; Brooklyn iran
sir i73 $40: Continental Tobacco, 5,4Z0;
Federal steel, 1883: Peoples Gas, 2f,bSo;
SUGAR. O.45O; Tennessee Coal ana Iron.
II 90: United States Leather, 4.o'e;
United States Leather. pre- trred, l4'o'o'
MONEY AND EXCHANGE.
Money on can firm at 50e per cent; last
loan nj 6 per cent; prime mercantile
naper 3-4ll5 ID per cent.
STERLING exchange firm, with actual
business in bankers bills at SEQ g. l- e
SIS 10 for demand, and 4a 3-44$4.22 = Tor
sivtv DAVIS: posted rates, SLSqSi.S IL
and z.GGSiS6 1-2qA.S; commercial DIS
S' Si'yer certificates, 5S1-2G59 u. Bar sill
ver 5S2-S Mexican dollars, AZ IL.
Government bonds firm. State Donos IN
active. Railroad bonds strong.