Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-24
STOCKS STRONGER.
DEALINGS LARGELY CENTERED IN
THE RAILWAYS.
SOUTHERN PREFERRED ADVANCES.
This on Rumors That Control Of
Louisville, Evansville and st. Louis
Road Has Been Obtained-The
Grains Lower.
Grains Lower

NEW YORK. March 23.-The stock
market took on an appearance of strength
to-day. and the dealings of about three
quarters of a million shares were largely
oentered in the railways. Realing toward
the close cut down some Of the advance,
leaving the net improvement generally
slight. The expected early adjournment
Of the New Jersey Legislature was used
as bull card among the Coalers. on the
ground that It lessened the prospect of
hostile legislation against the rumored
anthracite coal. Lackawanna made an ex-
IRENE advance of SR. There was tax also
Of lease of the Jersey Central to the
Reading Company. Peoples Gas gained
pa. in anticipation Of the adjournment
of the Illinois Legislature. and on gossip
Of a possible consolidation with an cleo
tric-light industry.
The dealings in Burlington were even in
excess of those in Sugar. the late leader
in point of activity. and gain or :
points resulted i'm that railway security.
! A large short interest was said to nave
| existed i'm Burlington, and the movement
! to-day resulted from the covering OF pear
! stop-loss orders The other Changers SYM
pathized in the movement 10 a lesser ek-
| tent. Strength appeared among such low
priced shares as ST. Louis and SouthWest-
| ern and Kansas city, Pittsburg ana Guil'
| but the latter failed TO hold It's ADVANCE.
! Among the usually neglected stocks, Chl-
/ cago and Eastern Illinois became active,
| and moved up points.
SOUTHERN ADVANCES.
Southern. preferred, made fractional
advance. on rumors that the control OF
| the louisville Evansville and St LOUIS
railroad had been obtained. Coincidently,
the bonds of the latter company ran on:
The Pacific. on moderate trading, held
| their own Local transportation shares
| moved narrowly, excepting Mannaltah'
| which lost over point. - =,
| Tobacco stocks were slightly improved
and Sugar left off IA points down, OF
gossip that the most active bulls nae
| llqudated Air-Brake recovered IL poihl'
of it's recent decline.
Standard Oil closed i154i0.
BOND PRICES IMPROVE.
Rond prices to-day showed improve
| ment in many cases with an eXceptiona
| rise in Brooklyn Elevated o.s. Inc MAJ
| ket I'm general moved irregularly, Dut VII
! losses were trivial. Total sales, S,sSjVu
| United States new 3s advanced Is, WINE
the new As declined as much In the Die
| price. -, IN
The total sales of stocks were ~. 40
shares. including H,JtO Atchlson, pte
ferred 1900 Central Pacific; 2.02O chi
| cago. Burlington and Quincy: 100 Dela
| ware and Hudson; 6,22O Delaware an'
Lackawanna; 2,4S5 Manhattan; h,A
Reading. first preferred; 5.lS7 missouri
Jersey Central; 2332O Ontario o6 and W .ng
l.. 21O st. Paul: $3.50 Southern Pacihc; 900
southern Railway; 1888 do, preferred
nos Union Pacific, preferred; 1900
American Steel and Wire; q, 1850 Fedora
steel: 1926 Peoples Gas; $3.50 Consoil
dated Gas: 35,420 Brooklyn Rapid-Transit
6472O Sugar 1870 Tennessee Coal an,
Iron: S7Sj ST. Louis Southwestern; l,e
do. preferred; 49, 46j Chicago Great West
ern.
MONEY AND EXCHANGE.
Money on call firm at 4n5 per cent.
last loan at 41-2; prime mercantile pa
per. 3 Lat Ia per cent.
Sterling exchange steady, with actua
business IN bankers bills at SiS IL 70
demand and SiS 1-sd$is} IL for siXt
days; posted rates, AdaS:St IL an
Sf&1-2; commercial bills. H& l-2n$Ls2 81
Silver certificates. nominally, 6On6e u
bar silver. So SIS; Mexican dollars, A u.
Government bonds irregular; stat
bonds easier; railroad bonds irregular.