Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-02
STOCKS END WEAK.
THEY OPEN UP. AND WORK LOWER,
WITH SOME RALLIES.
SPEClALTIES EXTREMELY IRREGULAR.
Tobacco Makes Notable Gains
Southern Railway Under Pressure
Much of the Day--Whcnt and Corn
Lower-Provisiops Advance.

NEW YORK, March Stocks again
to-day opened up, and worked to lower
level. with some rallies. Dealings were on
rather a less extensive scale than OF late.
The specialties displayed extreme irregu-
Iarity. and the standard stocks showed
weakness most Of the day. The opening
rise was assisted by the more favorable
aspect i'm the Philippine situation, due
70 Germany's withdrawal Of her cruiser.
supposedly lessening the chance Of com
plications.
The 100000 in dividends and interest,
which were payable to-day. had but little
appreciable effect on the money market.
Atchson. preferred, and Burlington had
an early appearance of strength. but a
large volume Of selling orders appeared
later, which. rightly or wrongly, was at
tributed 10 some OF the leading bull inte
rests that had been conspicuous pur-
chasers for two months. The same inte-
rests appeared TO be sellers Of the stand
ard stocks. AS the market ran of, stop
loss orders were raised in some cases,
while London was a source Of support,
taking about 10000 shares on balance. The
effect OF this purchasing was reflected in
a weaker tone for sterling exchange.
Prices. after the extreme decline, rose,
on moderate dealings. and then wavered
downward and upward in a sluggish man
ner. there appearing little pressure OF Of
ferings or urgent demand. The special
ties, which were conspicuous In the mi
tial advance. were about equally promi-
nent on the decline.
TOBACCO AND SOUTHERN RAILWAY.
Among the high-priced stocks Third
Avenue Railway, Consolidated Cas- ana
Tobacco made notable gains, part OF
which was lost in the late trading. The
professionals were in control or the
trading most Of the day, and some OF the
large interests were not very actlVe'
giving the bears confidence In their ag-
gresslve tactics.
Southern and Central Pacific were I'M
der pressure much OF the day.
The market weakened toward the CLOSE,
the activity being at the expense OF
values with considerable selling Of the
CHANGERS. and the market left off with
fractional net losses in most stocks anu
the tone weak.
BOND MARKET MIXED.
The trading in bonds to-day was con-
siderably mixed. weakness and strength
developing in important issues. Total
sales. S670OO0. United States bonds were
UNCHANGED IN the bid price
The sales Of stocks were 76O 400 shares
including % 80 Atchison; A7O5 do, pre-
ferred; $3.50 Chicago, Burlington ana
Quincy; $50 Louisville and NashVille'
p 500 Reading first preferred; $50 MIS-
souri, Pacific; 1926 New York Central /;
- $50 Northern Pacific; 5,205 do, preferred;
14470 Omaha and Western; n,7SO Rock
Island: 15.225 Union Pacific; 1895 do, pre-
ferred: 2S 407 St. Paul; 7,345 Southern Ran
way. preferred 5000 American Spirits;
1900 DO, preferred 23,9i0 American To-
bacco: 1880 Bay State Gas; lO,5s9 tederai
Steel. preferred; 5166 Consolidated Gas;
Il. 9O5 brooklyn Rapid Transit; 6,lzo Pa
cifc Mail; 15,52S Sugar; 6'O2O Tennessee
Coal and Iron.
Standard Oil, 4SO04S2 at the close.
MONEY AND EXCHANGE
Money on call steady at 21-2aS; last
loan at 2l-2; prime mercantile paper. so
8 II per cent.
Sterling exchange weak, with actual
business in bankers bills at S4.S6qS4.S6 IA
for demand and S4S4Gs4s41-4 for sixty
davs: posted rates, S4.s4 l-2q$i.S5 and
SlS 1-2q$AS7; commercial bills, 1880
$lS3 II.
Silver certificate, nominally, 90 l-2p
6o1-2: bar silver, 50 SIS; Mexican dollars,
ass.
Government bonds steady State bonds
inactive: railroad bonds irregular