Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-04-09
STOCKS FEY ERlSH.
MARKET ENDS WEEK AFTER IR-
REGULAR CHANGES on THE DAY.
MAIN INTEREST IN BANK STATEMENT.
IL IL yariousIy interpreter"
IMPRESSION Apparently Fa'or"oie'
~, p,1tcr Analysis seems Less OPP
,,,ts,tc--Grain and Provisions.

NEW YORK, April S.-Interest in to-
dsv,s market centered about the bank
statement. which, on its appearance, re-
ceived a variety OF interpretations. The
first impression seemed favorable, as
prices rose at a lively rate. but fuller
ANALYSIS of the statement appeared less
optimistic TO some. as realizing set in,
Faving the market weak at the end, and
regularly changed on the day. The spec
.auon was characterized all day by
,sycrishness and irregularity. After an
early show Of strength. weakness APP
reared. and some stocks lost 3 points.
after the shaking out Of many specuia-
tcrs Yesterday, the nervousness to-day
mas De considered natural.
some fortunate purchasers at yester-
DAVIS low level accepted handsome pro-
IT'S to-day. while certain brokers who had
sold too hastily yesterday, on receiving
Increased margins from customers, bought
back the stocks sold. There was a drib-
bling II standard stocks, that their own
ers might protect highly speculative ven
tures The impairment of some large spec
ulatye holdings. owing to the markets
action yesterday, induced Tightening of
loads on the rise to-day.
MARKET TOP-HEAVY.
Ventureslme traders. with only mode
rate margins paid the penalty of over
speculation this week. and their paper
profits were quickly wiped out. as well
as the principal invested. The market,
after being loosted early in the week,
apparently with the idea Of liquidating
ile stocks held by large interests, became
top-heavy. and sagged violently toward
The end u the week, with a partial re-
coytgy leaving losses in the entire hst,
except "a few unimpOrtant properties.
The net losses in the standard railways
averaged something below points, while
o. the specalties the losses We're IN ali
cases considerable, the largest declines
Transit Is -: Federal Steel and ConsOli-
dated Gas. over Il each; Sugar IL Il; Air
Brake l1: Manhattan, II; Third Ave
nue.. q.
WIDE FLUCTUATIONS.
Stocks If this class swept over wide
radius the range of those which fiuc-
t.ated most widely including Metrop0h-
Tan which at one time was 81 points be-
low the highest; Brooklyn Transit about
81. Sugar q II; Manhattan, -; Third
Avenue % and Federal Steel, Peoples
Gas and International Paper well up in
The teens. The greater part or these VIC
lent dips occurred in the nrst hour ana
half on Friday. when the lndustrlaIs
quickly swept out the MAJ 6iAdA tiDAN~i
an over the country.
CAUSE OF UNEASINESS.
The money market was the principal
cause ol uneasiness. The discrimination
against the IndusTials, when its full
scope became understood, was the imme-
ciate cause OF the shaking or confidence.
The most eager sellers had been generally
purchasers at the high prices earlier in
the week
Aside from the money situation and un-
favorable crop advices, the developments
We're generally favorable. Most OF the
weeks railway earnings were good, and
there Was an increase for the week of
over 20 per cent in the clearingS OF all
lne banks. PARTIALLY attributable 10 the
extraordinary wave Of speculation The
oedhnss Tor The week were not far from
6OH.O 900 shares.
Standard OH. 470a472 10
BOND MARKET.
The bond market followed the varia-
lions in stocks rather closely this week, |
out net losses We're not, as a rule i'm |
p3rtant United states new As, coupon, |
old As coupon. 81 and old As, register |
el. - in the bid price.
HE total sales of stocks to-day were |
go shares. including 1000 Atchison. |
Preferred: 1890 Chicago. Burlington and |
Quincy. $3.50 Manhattan: 8S25 Metropoli- |
Nn street Railway; 1850 Missouri Pa |
t.l- bNo New York Central; 5.3l5 North |
,n Pacific. 5,3l5 Rock Island, 5.170 Union |
racine. 6.S.5 Union Pacific, preferred |
- 81. Paul, O. 68 American Steel and |
"fe. 1905 Federal Steel; 19 4e6 Federal |
elte. preferred; 1S1S Peoples Gas: n. 235 |
BROOKLYN Rapid Transit: 7.ls5 Continent |
ri l9.accO; 1850 Sugar. and $3.50 Ten |
At.s.e Coal and Iron.
MONEY AND EXCHANGE.
Money on call firm at 5Q6 per cent; last |
.e.A al per cent; prime mercantile |
Ialti, l-i04 Ia per cent.
o.tills exchange easier with actual |
business Ia bankers bill at &S50S4. IS Ii |
t.l demand and $4S 3-fdS4S4 for sixty |
,Als p0sted rates. SL&0S4.S l-2 and !
4SiS -: commercial bills. Si.S3 l-2q |
silver certificates. 6006O IL Bar silver. |
~.- Mexican dollars. Al IL.
ssaie bonds inactive Railroad bonds |
~a. Government bonds strong.
BANK STATEMENT.
,.le weekly bank statement shows the |
wing changes:
3-iplus reserve. decrease, $76025
sDans. decrease. $1.2n.700.
specie, increase, s. POO.
offenders. decrease, 81 472, 800.
plsits, decreacc. 1885,. 800.
.icllatlOn. increase. $500.
a. mo- banks now hold SIS, 0l8, S25 In excess |
INC requirements.