Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-10-14
STOCKS BEARlSH.
MARKET At NO TINE AWAKEs
FROM ITS LETHARCY.
CALL LOANS EASIER AGAIN.
A Majority of the Days Transactions
Made at . Per Cent. Or Lcss-Tbe
Bond and Produce Markets-Dry-
Goods.

NEW YORK, october l3.-The temper
Of speculation was determnedly belrilh
to-day, and all but the favorite Indus
trials We're persistently ignored. The re-
acticnary spirit found its chief vent by
selling Brooklyn Rapid Transit. That
STOCK was easily the leader in point of
activity. and although the dealings did
not approach the hlgh-water mark Of a
few weeks ago, the unsupported condi-
ton Of the stock and the large blocks Of
fered suggested a resumption Of late
change. metropolitan Street Railway
seemed to show acute sympathy. Man.
haitian was little affected, and the New
York Gas stocks were firm IN tone.
n ere were some wide movements on
stocks not usually prominent, but the
market, as a whole, at 10 time awohe
from condition Of lethargy. New York
Air Brake made u Characteristic fall Of
Q points, and the Flower group, as a
whole. except Rock Island, was notably
weak, in sympathy with Brooklyn Tran
sit.
TOBACCO DECLINES SHARPLY.
Offerings Of Sugar and Tobacco were
greater than could be absorbed. and both
stocks showed sharp net declines. The
American Mailing stocks were acute.y
depressed. the common losing "a and pre-
fcrred T. The lndustTials were more az
feCted than the railroads, the movement
in the latter being confined 10 narrow
limits. except for few stocks. Laclede
Gas rose cOnSpicuOusiy 4 points, anu
Great Northern, preferred, over point
The market seemed rather firm for a
time during the morning. but the per
sistent weakness of Brooklyn Transit
broke through the resistance. Call loans
were decidedly easier again, the maximum
rate not exceeding SO per cent, ana the
majority OF the days loans being made
at per cent or below. This, however,
did not prevent a slight reaction in ster-
ling exchange rates, IN sympathy with
the easier tone OF the foreign money
markets. thus dissipsting fears OF imme-
date gold exports. Preliminary esu-
mates of the week 5 movement Of money
give prospect Of a slightly Improved con-
d.tion in to-morrow's bank statement.
The disbursements Of cash by the Sub
Treasury on account Of government pay
ments have also exactly onset its receipts
ON account Of revenues. BHt the oai.bs
telegraphic transfer to ihe interior 81
BANKS LOSS IN MONEY.
So far az the money movement by eX-
mort Is concerned. the banks are estimated
TO have lost less than M.5OOOo0. Tho heavy
outward movement early IN the week
has been partly onset Dy large Iecelpt1
later I'm the week. This would indicate 4
loss on the interior movement of about
81 go 90 Against this there have been
receipts Of s. $4,000 OF foreign gold, and
about $4,000 by cashing OF drafts OF inc
San Francisco mint on the subj reasury =,
making a total OK about $4,000. This
would indicate net gain 70 the cash re-
serve of the banks of over A,VOOO00 The
banks have further reduced their loans,
so that there IS fair prospect Of mode
rate increase I'm the surplus reserve. the
first payment OF anticipated interest on
government bonds will DO made on Mon
cav at the Sub-Treasury. but the pros
poets do not indicate that application VIII
be made on a large scale. although THIS
payment ~ without rebate.
BONDS MODERATELY ACTIVE.
The bond market was moderately &C
tive. and price changes were mixed. To-
tai sales, par value, N165,Oo0 United
States gs declined u. and the new As ad-
yanced Is IN the bid price. ..
The total sales OF stocks were 529S-
shares: Chicago. Burlington and quincy
$50: Atchison. preferred, la5D, loulsNlAe
and Nashville 2o.s70; Manhattan, 500
IT. Paul. 1910; Southern Pacihc, - 40
Union Pacific. preferred, 500; American
Tobacco. l4nO: Brooklyn Rapid Transit
u $50. Federal Steel. $3.50; Pacific Mail
! $50. Sugar. 1870: United states Leather,
1880.
MONEY AND EXCHANGE.
Money on call slightly easier, at 4q9'
per cent: last loan at Az per cent; prime
mercantile paper. Sap6c.
Sterling exchange easier with actual
business I'm bankers bills at N.s5 sn4.S5si
for demand. and $AS22s qSt@ls for sixty
DAYS: posted rates, $i.Si2HSlNla COM
morclal bills. Nslia.
Silver Certificates, 5SQ09. Bar silver
$3.50. Mexican dollars, q.
Government bonds irregular state oonos
inactive Railroad bonds irregular.
BANK CLEARINGS.
The total bank clearings I'm me United
Stotes for the week were 81 so 100 $50: per