Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-10-12
STOCKS AGAIN FLAT.
CLOSE BELOW TUESDAY NIGHTS
PRICES ALL ROUND.
The MONEY MARKET EASIER.
Rate on Cali Rules Generally Mt
to Per Cent, and Falls to 3 I'm
Uighcr-ProyisionsH Heavy.

NEW YORK. October 1.-THE stock
market fell fiat again to-day. The dull
ness made II evident that yesterdays
upward squirt was due almost entirely 70
covering by shorts. who to-day were IN
clincd 10 regret thei. precipitation. Tho
London market seemed 20 feel rather en-
courased over the termination Of the IN
certainty and operators there were in
ciined TO bid up the prices of some Of the
American stocks. in sympathy with the
advance In Kaiir stocks. The rise was
short-lived on this side. and the dragging
tendency Of prices was not much changed
at any time until the close of the market
at prices below last nights level all
around
The money market was easier. The
causes Of this We're quite apparent aside
from the action OF the Treasury Depart
ment ia offering 10 anticipate the gov
eminent interest payments for the re-
mainder OF the fiscal year. For one thing,
the Sub-TreasuTy figured M the clearing
house again to-day as a. debtor for over
million. Government disbursements are
running quite heavy. owing In large part
20 the pension payments. There was a
sum OF gold received from Habana to-
day on account of the postal revenues.
and small additional shipment Of French
gold was received.
The rate for call money ruled for the
greater amount of loans at 10 5 per
cent. and fell TO per cent. in the late
dealings. Money continues to 90 out TO
the interior in large volume.
GOVERNMENT RELIEF ACTION.
Not so cheerful "a view was taken of
the effect of the Treasury Departments
action with regard 10 anticipated inter-
est. Under the terms of the department 8
order the amount OF interest to be- paid
ont this week Is only about 100000, and
that not until Friday. OF course. only
part Of IT is payable in Now York, ana
precedent shows that only small part
of the holders are likely 10 present their
claims on that day. The next dishurse-
mcut comes on october &d. The re-
quirement for the presentation of regis
tered bonds for Endorsement before pay
mcnt is made is also expected 10 operate
against "a general acceptance Of the in
tcrest.
The action Of the Treasury Department.
nevertheless has had the effect Of allay-
ing apprehension I'm Wall street. but 10 is
prcccived that whatever relief lis afford
"a is not likely 10 furnish supply of
surplus funds for the benefit on stock
spectators.
BOND PRICES DOWNWARD.
The business I'm bonds was very well
distributed and the tendency of prices
was downward. Total sales. par value,
S2os5.0o0. United States new as, coup ln.
advanced T., and do. registered, "a in the
| bid price.
TOTAL SALES
The total sales OF stocks to-day were
/ 2G97u shares. including Atchisou. prefer
red. 1880: Chicago. Burlington and Quiu-
! cy, 1894: Cleveland. Cincinnati. Chicago
and 81. Louis. ESQ. Louisville and Nash
| VILE l2rf1. ST. Paul $3.50. Southern Pa
/ cihc. IG-1l American Tobacco. 1215)
/ Brookly Rapid Transit. 5GlCj; Federal
! Steel HUB; Sugar. IS 63l.
MONEY AND EXCHANGE.
Money on call easy at 3US per cent
| last loan al per cent. Prime mercantile
/ paper. 5l2aG per cent.
Sterling exchange firm. with actual bus
| mess I'm bankers bills no Si654 UtiSl
for demand. and SiS2U$4S2i4 for 50 days
posted rates. $iS0$L&i2; commercial
/ bills MSl
Silver certificates. 5SUj9c. Bar silver
! JSizc Mexican dollars. i7c.
Government bonds strong. State bonds
weak. Railroad bonds weak.