Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-09
STOCK MARKET DULL.
FOR THE GREATER PART OF THE
DAY 1T DRIFTS AIuLEssLY.
STRENGTH In some STOCKS.
Manner in Which Prices Are Mark
ed Up in Late Dealings Indicates IA
shorfs-Produce Markets.

NEW YORK, August S-The stock mar
ket was a dull affair for the greater part
Of the day, drifting aimlessly within a
narrow range. Some strength was shown
by a few Isolated stock throughout the
day. under an influence which was not
disclosed by any published news. This
persistent strength In some spots seemed
to arose the apprehensons Of the bears
in the last hour Of the market. The man
ner I'm which prices were marked up in
the late dealings indicated good deal
of a scramble by the shorts TO cover their
contracts. and awakened more appearance
Of animation and strength than has been
seen in the market for some time.
The higher prices for Americans made
I'm London We're without much effect and
they were for the most part nominal,
while London sold from RCW to lo,ooO
shares here after the opening. Strength
kept cropping out at new points as the
dag progressed. There was early stre1gtn
in Anaconda and few of the Specialties,
but a period Of reaction followed, under
realizing, in Tobacco and Kansas CITY
Pittsburg and Gulf Then the Minneapolis
and ST. Louis stocks rose 5ls and "a, re-
spectively There was late movement In
the Coalers, which lifted them from l to
2lb. with a notable effect on the whole
list.
other stocks showing notable gains
were Consolidated Gas. AS, and Pacihc
Coast second preferred, rs; tennessee
Coal. Colorado Fuel. Peoples Gas, Brook
lyn. Transit Steel and Wire; Linseed Oll,
preferred and a few less prominent
stocks advanced a point. very strong
inward movement i'm Sugar from loyls 10
ftsH n
strength of the market, which closed &c,
tive and strong at net gains III nearly all
cases.
MONEY RATHER EASIER.
The tone of the money market was call
ed rather easier. though rates were MOI
quotably changed. The hardening ten
dcncv Of London discounts stil continu-
ed INT the money rate at Berlin was
fraction lower and sterling eXchahse
there advanced, showing rela&dtloh Oh
the tension at that point, Notwithstanding
tho fact that the Bank of England con-
tinues TO make demands upon Berlin IoI
gold Sterling exchange here continued
lis downward course. and confidence grows
that gold will come from abroad, II IN
emergency here demands II. The Tree OF
ferings of funds from outside sources III
the New York money market increases
the belief that small demands wiz be
made upon New York for money 10 move
the crops. ,. L.
the London market for silver on account
of importations from Chile.
Kansas city. Pttsburg and CUR nrsts
reacted. In sympathy with the STOCK
otherwise changes were small and mixed;
Total sales. par value, $,S-QWO. hlteu
States bonds unchanged in bid prices.
The total sales Of stocks to-day were
PSI. 100 shares. including Atchison, prefer
red l3. i35: Chicago, burlington ana gum
CIV 1880: Kansas City, Pittsburg ana
Gulf. II 150 Minneapolis and 81: Louis
s $50: Northern Pacific, 1880; Minneap0-
lis and St. Louis, preferred, $50; Read
ing. first preferred. 14.600; St. Paul 300;
Union Pacific G,525; American Tobacco
% 23l. Continental Tobacco. lO5M; Norh
American. 1000: Sugar, 1870; Tennessee
Coal and Iron, 6,13J.
MONEY AND EXCHANGE.
Money on call steady at 344 per cent;
last loan at 3is per cent; prime mercah-
tile paper, 3Qf4 per cent
Sterling exchange easy, with acluai
business i'm bankers bills at BSAgSi.so
for demand. and $4S2AuASl5 for sixty
davs: posted rates. ASj1zaASf ana SLe'4
sISib. commercial bills Asll2
SILVER certificates 60Ma6l Bar silver,
COZ Mexican dollars, ~ -.
inactive. Railroad bonds Irregular