Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-04-14
STOCKS CLOSE WEAK.
ACTIVITY IN RAILWAYS AT THE
EXPENSE OF vALUEy.
SPEClALTIES ACTIVE AND STRONG.
heaction I'm Railways, However.
'uts Down Some Of the Advances
!" special Issues, Including To-
bacco-Wbeat Higher.

NEW YORK, April 1s-Iocal ,roo.,o,
anu gas properties were advanced smart
'o-uay' and retained about half the
rise TO the end. Brooklyn Rapid Translt's
strength. was connected with its pur-
chase Of the Kings county elevated svs-
TEN. There were no new develonmeuts
10 account for the rise I'm Manhattan and
Metropolitan. Assurances that adverse
legislation was unlikely helped Console
dated Gas and Brooklyn Union Gas.
Among other Specialties that were strong
were Sugar and Pressed Steel Car.
Inc activity and strength Of the Spe-
claltios caused the early weakness in
London TO be ignored. and the standard
Railways were neglected until the after
hoon' when renewed activity was at the
expense Of values. Some considered the
samoan incident as a bear argument
but crop-damage reports caused the Gran
gers TO be sold freely. The bull interests
seemed to bull 10 their properties IN the
FORENOON. but Were not heavy buyers
judging by appearances. The reactionary
movement I'm the railways cut down some
or the advances in special issues, includ-
ing the Tobacco stocks.
The selling movement increased toward
the close, leaving the market weak. Call
money in the late dealings. ran up to
the legal figure. but later eased off 10
per cent. The public was induced by the
early advance I'm the Specialties TO take
an increased Interest In the volume Of
commission-house buying. The more ur-
gent demand Of this character was salts
fled before the final hour. when there
was considerable professional realizing.
Standard oil. 4S0i2n 1917.
ACTIVITY IN BOND MARKET.
situation Influenced a return of invest
ment orders in the bond market, which
caused an active demand and higher
prices for the gilt-edged issues. Semi
speculative margins were taken for a
turn. and the market was decidedly
trading was the increased inquiry for
outside town centres. but this demand
was largely for the medium-grad secu-
rites. Total sales $4,000
United States IS. registered. and As,
coupon. advanced u. but the old As reg
istered. reacted Il in the bid price.
The total sales of stocks were 1880
shares. including 1925 Atchison. pre-
ferred; $3.50 Louisville and Nashville; 81
39l Manhattan: 11,0H Metropolitan Street
Railway: II go Reading, first preferred;
1452S Missouri Pacific: $50 New York
Central: $3.50 Northern Pacific; s.5lO
Rock Island: 5.S05 Union Pacific 1850 ST.
Paul: POO American Steel and Wire;
1850 Federal Steel; 1890 Federal Steel.
preferred: 3572j Peoples Gas; G9.l5
brooklyn Rapid Transit; n.l3S Continen-
tai Tobacco: POS Tennessee Coal; $50
Leather. preferred.
MONEY AND EXCHANGE.
Money on call steady at per cent; last
loan at 4 per cent; prime mercantile pa
per. 3iRGf4 per cent.
Sterling exchange firm. with actual
business in bankers bills at SLs6l2dSiS6A
for demand and ASiLMASp2 for sixty
DAYS: posted rates. &Sii4QSi6l2; COM
mercial bills. AS}HAS}h.
silver certificates. G0aG0i2; bar silver,
$685.: Mexican dollars. 41ss.
Government bonds Irregular State
bonds inactive; railroad bonds strong.