Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-06-14
STOCKS ARE ACTIVE.
THEY CLOSE WEAK, HOWEVER,
GENERALLY At LOWEST POINTS.
no CHANGE In MONEY MARKET.
THIS Continues ECsy, and There IN
No Upward Tendency I'm Sterling
Exchnnge-The Grains Higher
Provisions Advance.

NEW YORK. June 13.-There was n
marked disposition from an early period
in the days trading to take profits in
many or the stocks which have enjoyed
large advance recently. This was EVIL
dent practically in all of the standard
stocks. and made itself increasingly OBJ
vious in the SpecIalties. The very decided
strength manifested by a small group Of
the Indus,rials served to sustain the mar
ket for a time, and acted as a sort Of
| cover 20 the proht-taking sales which
were fed to the market.
The recent strength Of Federal Steel
showed no abatement during the early
hours Of the day, and other members Of
the Flower group. notably Brooklyn
Transit and Peoples Gas. were strong in
sympathy, and an advance I'm Metropoli-
tan. Manhattan. and Sugar helped to
keep up prices. The leadership OF these
stocks gave place in the course OF the
morning TO National Steel, american
Hoop. American Smelling. and Tln-Plate,
the hrst-named rising some points.
The awakening Of activity in TINS group,
which WAS more prominent in the trading
than az any time since they have been
dealt in on tho local exchange, seemed 10
invite realizing elsewhere in the list. ana
an early break in Consolidated Gas iol-
lowed by pronounced weakness III Susar'
emphasized this tendency.
CLOSE WEAK.
There was late rally in Consolidated
Gas. and Pressed Steel Car was suddenly
marked up 10 S. an advance OF over 4
points But no effect was apparent on
the general list. which closed actlVe anu
weak at the lowest point generally Oh the
day.
Net losses In the standard railroads are
for the mort part between ] and points
Sugar. which was traded In eN-diNldend
Of . per cent, lost nearly points on the
day.
The strength Of the steel stocks, which
came to the front to-day, was colncldent
with the lively demand for National steer.
Pittsburg, Cincinnati, Chicago ana ~.
Louis continued strong, and tins was
practically the only exception 10 me
weakness in the railroad list
No effect was apparent I'm the money
market. which continued easy, ana there
was no upward tendency i'm sterhnS eN-
change while there was a sharp fall IN
the money and discount rate in London.
The pressure of liquidation was not
heavy AT any time. but prices went down
easily. and there was no evidence OK or
ganiZed support. The bears helpeu inc
late break with rumOrs OF reVerses III the
There was a larger demand for and
SOM. strength i'm Reading Is. Colorado
and Southern A.. and the Wisconsin Cen
trail issues. both Ola ana IcN. iNt"'
sales. par value $4,000.
United States IS declined "a, ana the
IS the new As. and the SIS = in the BID
price. IAN
The total sales Of stocks were $4,000
shares. including 1880 Atchison prefer
red: 1850 Chicago, Burlington and Qnin-
cy: CTS Denver and Rio Grande. prefer
red. AZ. 2GO Manhattan: 1913 Metropolitan
Street Railway; 1856 Reading, preferred;
300 Ontario and Western; 500 -. PAU;
80 American steel and Wire, 4O,oD
Federal steel: 1895 Federal steel prefer
red. y ,;S5 Peoples Gas; G49J Consolidated
Gas: .70S Brooklyn Rapid Transit; 1000
Continental Tobacco; 5000 Sugar; Il5O
Tennessee Coal and Iron.
MONEY AND EXCHANGE.
Money on call steady at li243 per cent;
last loan at ~ per cent; prime mercan-
lille paper. 3i4Nl per cent. Sterling az
change steady. with actual business IN
bankers bills at yiSiAm$LN for demand:
and al SLS53iH$lSG for sixty days posted
rates SiSpq0$Ls7 and AS9; commercial!
bills 1857.
Silver certificates, Goi40si. Bar silver,
81. Mexican dollars. lSle.
Government bonds weak. state ponds
inactive. Railroad bonds strong