Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-19
STOCKS OPEN STRONG.
DEALINGS WELL DISTRIBUTED AND
STRENGTH GENERALLY DIFFUsED.
MARKET CLOSES RATHER HEAVY,
Only a Few shares Marked Up I'm
the Final DeaIings-Tobncco and
Other speciaities show Notable De-
c1ines from Highest.

NEW YORK, August iS-To-days stock
market was active and strong. The deal
ings were remarkably well distribu ed
and the strength was more generally diff
fus ID than at any time during the week.
There was an evident ac- ession of out
side interest In the market. in the shape
Of orders through commission-houses. as
was to be expected after the sharp rise
Of the last few days. Prices were pretty
well marked up at the starr, and selling
to realize was on quite a liberal scale
after the opening hour The offe irgs
were well absorbed. however. at small ex-
rense to VALUES. the market teing sus-
tanned meanwhile by the notable upward
movement Of some usually obscure stocks.
After this first realizing had BEEN digest
ed prices mounted 10 the best of the
Gay.
In the later afternoon the burden Of
realizing overcame the market and prices
yielded all around. A number of the
recent leaders lost practically all of their
earlier gains notably the Baltimore and
Ohio stocks. Southern ana Central Paci-
fic, and Southern Railway. preferre I,
which rose early from to points.
SUBSTANTIAL RISE REMAINS.
The high-prIced specialties and the
stocks Of local corporations were subject
ed to renewed bear pressure. and showed
notable declines, especially Tobacco and
consolidated Gas. which declined 2k and
points, respectively. A fraction was
knocked off prices all through the list.
ana net Coins in the general list were
brought below point. But a very sub
Stahtial rise In prices remains. neverthe-
less gains berg quite generally diffused
through the list. The Changers and Pa
ciilcs, the Southw esterns, the Coalers, and
a number OF soft-cOai roads all have
cams 10 SHOW approaching point. Lou
lsVllle continued TO be taken on a very
large scale, and was pushed up at one
time TO Slh. Southern Railway, preferred
declined, on realizing, with the pub cation
OF the dividend announcement and the
statement OF finances for the year. Min
neapolis and ST. Louis made a brilli n,
advance Of So. the second preferred
rising 2ia. Iowa Cen'r1l preferred
Evansville and Terre Haute. the new
Hooking Valley stocks. Hooking Coal end
Illinois Central We sore OF the usu lly
inactive stocks which gained notably from
] 10 212. The Iron and Steel stocks Jagged
throughout, except Tennessee Coal, which
moved upwards again 10 near the high
point
LESS CONFIDENCE IN MONEY OUT
The late realizing was in part due 10 n
dec inc I'm the recent confidence in thu
money market outlook in spite Of the fact
that call money WORKED lower to-day
The known movement Of money for tn
week Indicated net loss in ash 10 he
banks Of over $4,000. Last week's larg,
gain in cash Is now generally attr. buted
TO some special operation. and some a1N-
iety is felt lest the hidden causes which
drained the cash account of the banks
I'm alc mn a
again. The ease of money In New York
continues to be due q Ofer nes Of out
si1e funds. London bought stocks IN this
market to-day, and the fact that the
London Exchange would be closed to-1nor-
row had some Influence on the late reac-
ton in prices h re.
The market closed rather heavy. with
only few stocks marked up fraction In
the final dealings.
Their was a very large demand for
Southern Pacific 4s az about 81 The
Southwestern mortgages as a rule were
strong. ana generally are higher: Total
sales. par value, '3.I3. go. United states
old As, coupon dec ined a in the BID price.
TOTAL SALES.
The total sales of stocks to-day we're
6 500 shares including Atch. son. To-,
Atchison. preferred. 3775O; Baltimore and
Ohio. 500; Central Pacific 2,GO: Chicago
Blu lington and quincy, 1889: LOUSY I'VE ne
and Nashville 11S15; Manhattan i0iJi
MctropSliian street Railway, $50; Min
resota and st. Louis. $1,000; Missouri Pa
c'fc. 1859; Missouri. Kansas and Texas
preferred $780, Northern Pacific, ST. o.
Ontario and Western, ll.Go: Reading, 5,h9i
Reading. FIRST prefeI red, !. 20; 81. fall.
;5.4s5: Southern Pc fl 1921; Southern
Railway. 600: Southe n Railway, prefer
red. 16 $50; Union Pacific. Iy.4S0; American
s. eel and Wire. lilo; American Tobacco,
IL. 500; Brooklyn Rapid Transit. 1870 Peo-
pies Gas. 5S2j: Sugar 2'3lO; Tennessee
Coal and Iron. $50. Caitei states Lea
tn r. $3.50.
MONEY AND EXCHANGE.
Money on call steady at 2i2n3 per cent
Est loan at % per cent; prime mere n
tile paper. 4itM5 per cent
Sterling exch1ng- steady. with actual
business in b mixers bills at 81 sGIHN Sbia
for demand md As2ANSi8 for sixty days
posted rates Si8i2QfiSi and sissy; com
mercial bills. $ia4nAu%.
Silver certificates, GigGGllR. Bar Silver
Gov. Mexican dollars. Is.
Governme1t b ndJ ct sier State bonus
inactive Railrc ad bonds strong.
BANK CLEARINGS
The total bank clearings in the United
States for tho week were l,5lilS5.5l3; PEI
cent. increase. 1873. Exclusive OF New
York. 1914 el5. 1902; per cent. increase. 3D.
sto.ir AnnfntInna