Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-07-13
THE STOCK MARKET.
1T SHOWED MUCH STRENGTH IN
NEW YORK YESTERDAY.
The MISSOURI PACIFIC LED.
A WaII-street Rumor About nersing
Several Railroads Caused This
Movement In Industrial stocks
Money Was Easier.

buying by professional operators was on
a large scale. There was a good demand
from outsiders through commission
houses at the opening. encouraged b. the
rise in prices yesterday and YESTERDAYS
professional buyers were free sellers 10
realize while this lasted. The market
then came to tie customary halt after
such a process before taking up an adj
vance. An eager demand developed for
Missouri Pacific and affected nearly all
the Gould Southwestern groups in SYM
pathy. Not only the stocks, but all the
securities Of this group Of railroads were
affected.
MISSOURI PACIFIC STOCK.
Missouri Pacific held the leadership OF
the market throughout the day and made
a late advance to 1875, an extreme Else
of points. The motive OF TINS buying
WAS the Wall-street rumOT or pans LOT
merging the various railroad properties
I'm the Southwest in which the Goulds are
interested Good buying set In cary LII
the Changers, Pacifcs, and Atchlson' pre-
ferred and after midday New York Cen
tral was suddenly pushed up an extreme
29s. Large buying of Pennsylvania az
an advance of III seemed 10 be associated
with the New York Central movement,
but an attempt was made 10 connect me
lUtLtI WIFI fllpll dklllN anu 49,
ern by manipulating two stocks. All OF
Northwestern gain was subsequently
lost.
THE INDUSTRIALS.
The manner in which the buying de-
mand progressed through the railroad Hst,
together with the upward tehoehey III
Sugar, prompted the professionals 10 at,
tempt a movement in the lndustIia d
stocks. Leather, preferred. Natonal
Steel, Tin-Plate. Federal steer, ana Gen,
eral Electric were bid up between anu
points. and New York Air-Btake Niue
a Characteristic upward dash OF ~ points
Mexican Central rose quite consplcuCusIy
2ib per cent. under the sentimental IN
fuence of the opening In Ne" lOrh Vi
subscriptions for the new Mexican re-
and brooklyn Transit dropped Sharply
from top figures. and many OF the sall5
of the Industrals were piactlcally Nlpeu
out. Prices of the railroads sasseI IN
siderably from the top. and the closlns
of the market was decidedly hSdN y; ,,i mot
gains being only partly retained. Phlla-
Seinhia Company stock, after selling at
99 suddenly dropped TO 80 in the late
'''''' THE MONEY MARKET.
The money market was easier TODAY
and confidence is felt that the supply VIII
home stiiI more abundant at a very
early date. Several large loans Tor the
purpose Of new Industrial nOtatlOhs arr
now released. and the banks are gaining
money from the Sub-Treasury. me Dun
traders are talking OF a very I5VoI apio
hank statement on next SATURDAY, al
though the ! per cent rate for call loans
which held for the greater pdIt OI w. az
day. does not indicate plethorlc coIi i,l.
ton as vet. The New YORK STOCK ma Nc
received some support to-day from Lon
don in snite Of The continued heaVlness
there in other departments, but a shdI p
recovery i'm British consOls and french
rentes late I'm the day. the ial III tilO
nrice Of gold in London. and the aqNahC5
In sterling exchange rates i'll az ti,o
Berlin to-day indicate relaNa tloh Oh INT
nonev-market pressure in Londoh.
There was a good business In ponds TO-
dav ST Louis Southwestern seconds eau
ing the market. Total sales. Sj'oo' w.
United States 2's declined q, ana lne
as registered. X. while the old As, regis
tered. advanced 4 in the bid price. 90, ,o,
THE total sales Of stocks were tl5'zs-
ebares including Atchison, 5 COZ; Atchlson'
preferred. $3.50; Chesapeake anu olro
u $50. Burlington, l6100; LoulsNlile anu
Nesbville 1925: Manhattan, ~, 10; Mex
cor central S.420: Missouri PACING. 43o-5
NIiesouri Kansas. and Texas. preferred
ga. New York Central, ll6O; Northern
Pocidc II AS: Rock Island. 1850; Union
Pacific. 1920; St Paul; $3.50; IeNa ts allH
Pacific $500: Union Pacific, preferred
II o0o, Wabash. preferred. 500; American
Steel and Wire. II 00O Federal steel, H.
SSg. Rrooklvn. $3.50; Continental Tobacco,
90. sugar. SIPS; Tennessee Coal and
IRON. iS.77O: St Louis and Southwestern
preferred, 1850.
MONEY AND EXCHANGE.
Money on call steady at go per cent;
last loan at per cent. Prime mercah-
tile paper 3i404 per cent. .....,.,,.,
cterliog exchange firm, with actual busl-
rs in bankers bills at A.6hQAS'i2 for
demand. and at A.sr4qAais for, sixty
81 $sG4.SSIg. Commercial bills A.a. fl,
silver certificates. 6o45l' Bar silver
COZ Mexican dollars Az.
w. Cs,,-ernment bonds irregular. state
bonds inactive. Railroad bonds firm