Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-09-02
STOCKS CLOSE EASY:
EARLY GAINS QUICKLY WIPED OUT
General Level at the End Below
Thursday NiGht's-ProvIsions De-
cline-Corn and Oats Strong
Wheat Dull.
Wheat Dull.


of to-dav's market was the vigorous eff
fort OF the bulls about midday to lift
the market out Of its listless and heavy
condition by Il sharp advance in Wander
bits. The effort miscarried. and invited
such food of realizing that prices sold
of 10 the lowest point of the day, which
was in many cases as much as 81 per
share below last nights level. The bears
had a hand in the decline, but the de-
mand from shorts to cover was light,
and rallies in the general list were OF
small proportions.
The movement OF railroads generally
through the morning was exceedingly
small either way, except In few indi-
vidual cases. Chicago and Eastern HI
nois was pushed up over 2 points above
par. but rolapsed nearly points.
SPECIALTIES MIXED.
The movement OF the specialties in the
first hour was a good deal mixed Con-
solidated Gas and Tennessee Coal shoot
ing up 2 points, but the Tobacco stocks,
Brooklyn Transit, and Sugar being heavy
in tone.
Shortly after noon there was rise
Of points in Omaha. 32s in Northwestern.
and nearly points in New York Central.
A number Of other Vanderbilts sympa-
thized to the extent Of a point, and the
Union Pacific stocks were bid up point
giving color to a rumor that the much
talked of transcontnentai consolidation
was about TO be perfected.
The very heavy blocks, of Union Pacific
stocks coming out on the rise. and the
detection by the bears OF selling for long
account brought determined Iald ana
a realizing movement all along the line
The gains which had been extended in
some cases TO near a point, were quickly
wiped out. and the general level OF the
market fell below last nights, Brooklyn
Transit dropping points. Central Pa
cfic lost ~.
The market was very listess during
the last hour. and closed generally easy
at an average decline. London sent
higher prices and bought here TO a mode
rate extent but this support was without
avail TO sustain the market.
FEAR OF BANK STATEMENT.
The fear Of an unfavorable bank state
ment was heavy weight on the MAJ hel'
The New York clearinghouse banks nave
lost heavily during the week, both on
the interior movement and 10 the SUI
Treasury. Shipments on balance 70 me
interior to the extent or nearly fz'UN.VJ
can be traced. The statements OF tne
Sub-Treasury during the week show that
institution 10 have absorbed on account
Of internal revenue and customs pay
ments and deposits for shipment 10 inc
interior. something like $S0000, after
allowing for the payment or $iOV"D on
account of drafts on the San Francesca
mint. Some allowance Is TO Dc maze
for receipts in gold at assay oHces. winch
are credited 70 the banks. but there IS
an apparent loss in cash OF nearly
! So 900. -
There was not much doing in the bond
market to-day. but prices were relatively
more firmly held than IN stocks. 4otal
| sales par value. 81 $4,000. United states
| Government bonds unchanged on DID
| quotations. -
The total sales Of stocks to-day, were
| 44f 100 shares. including AtchisOn, preferred
| o. 495; Chicago Indianapolis and Louisville
preferred. 1000: Colorado Southern, 9.lW;
| Northern Pacific preferred. 1900; Norlolk
| and Western preferred, $500; ST. raul
preferred 10000; st. Paul 1885, wabash
| p. G55: Union Pacific, 1L12); American To-
| bacco. % $50: Brooklyn Rapid transit
! "a. 2G5: Continental Tobacco, $3.50; CONT
! mental Tobacco. preferred. 6,l60; Federal
| Steel. 6.iOO; Peoples Gas, 1920; Sugar,
II so. Tennessee Coal and Iron, l6,oJO,
Republic Steel. $50.
MONEY AND EXCHANGE.
Money on call steady at 3a3ls per cent.
| last loan at per cent; prime mercantile
paper, 44G5 per cent. ,.,- ...,
Sterling exchange steady, with actual
| business i'm bankers bills AT $lSbd$te54
| for demand and SLSuAS4 for sixty
! DAYS: posted rates, $i.SigSiSH2; CONNER
'i Silver err certificates, 5Ssa6O; bar silver,
/ 50: Mexican dollars. Az.
| Government bonds steady. state bones
| strong Railroad bonds firm.
I