Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-11
STOCKS MORE ACTIVE
THERE Is ALSO UNDENIABLE EVIL
DENCE OF STRENGTH.
INDUSIRIALS PROVE The PAYORIlES'
Only a Few of the Railways
Make Any Conspicuous Gains
Most Prominent Movement of the
Day In Leuther-Produce Markets.

NEW YORK. August 10-To-day's stock
market was good deal more active than
for some time past, and showed undeni-
able evidence OF strength, but the
strength was. for the most part, in spots,
ana the speculation did not get far out
side Of professional limits. The favorites
were the Industrials, and only a few OF
the railways made any conspicuous gains.
The most prominent movement of the
day was In the Leather stocks, the com
mon rising 5-S and the preferred IA. on
very heavy dealings in the first-named.
The Iron and Steel stocks, as group
all showed strength, in somewhat vary
ing degree, but gains in the most OF
them reached a point and in some OF
them approached 2 points. Tennessee
Coal and Iron was the leader of the
group. and Of the market. with rise
Of nearly points, on very heavy de-
mand. The strength in this group Is ac-
counted for by the extraordinary condi-
lions in the iron trade, whose production
Of the lower grades. although largely
increased, seems quite unable to Keep
pace with consumption IN the higher
grades of the industry. Anaconda
Smelling shows a handsome gain, and
there was a very large demand for Ma
tional Lead. American Smelling, Amer-
can Tin-Plate, Colorado Fuel, and various
other stocks more or less affected by
conditions in the iron trade, were nrh
in sympathy. Sugar Peoples Gas, De
troit Gas, and Linseed OIL preferred, also
had their periods Of strength.
CROP REPORT AWAITED.
In the entire list speculation was IN
clned to hold aloof. pending the pupllca-
ton of the government crop report. Inc
ST. Paul statement for the first week III
August prompted some buying OIL the
Changers. Gains Of a point or over were
shown by Chicago, Great western DE,
hertures. Kansas City, Pittsburg and
! cur oregon Navigation, Hooking VAL
lev preferred; Wheeling and Lake Ere
preferred. Pittsburg Cleveland Clnclh-
| matt and st. Louis; Iowa Central prefer
/ red and Pacific Coast.
Developments in the money market con-
! tinued TO receive much attention, Out "Ci0
| NOT important to-day. Anxiety as 10 inc
| outlook was. however. appreclaply leo''
! Outside money continues To De oHereu ~,
| the local market Call money coh'iluo"
rather easy, and rates Tor prime iei -"
|
! money. however. continues firm ana ten
! d.rs we're not anxious TO do business at
| the present rate The failure of the BANK
| az ENGLAND TO advance its rate seemeu ~
| have q good sentimental erect On .hS
Iondon market. but private discount rates
| yyere unchanged there. London poushI
| stocks here to a moderate extent A..
Kansas City, Pittsburg ana Gun ~
were active and strong, ana nave sdIileu
Il sr4fg
| dav mar value, Sl,7S5,O1O United StatcS
$50 A. declined Ia, and the SIS Is in the
| bid price. --
TOTAL SALES.
The total sales of stocks to-day We're .
s9- to0 shares: Atchison. preferred, I'D
Chicago Burlington and quincy, Low
Gyarsss Citv. Pacific and CUR, e'o9V'
! Northern Pacific. 1920; Reading 90, go
| poading nrst preferred. $50; 81. Faul'
! a $40. Southern Pacific. l52@; Union 80
cidc GIGS; American Steel ana Nre' I''Y'5
| American Tobacco, 1850; BrooKlyh h"p -
| Transit. 6.7G0; colorado fuel anu iioII' "a
go: Peoples Gas, 1851; National 80 80.
r 2oo. sugar 2j,5Sl: i. c. ana l., 7.'',
United states Leather, l3l.a5; Chiteu
States Leather, preferred 6o''y|
MONEY AND EXCHANGE.
Money ON call 3a3 - per cent; last
| loan at per cent; PRINT Hi'
| paper. 1-4Hj per cent ,,,.t-
Sterling exchange firm, with actual bus'-
mss in bankers bills at Si6aSLeo - Iul
! demand. and SiS2 1-2d$iS2 81 LOT slA's
-. ,oeted rates. $l.S3 1-20A.A ana
Ns7 10: commercial bills, A.N Il
silver certificates. 90 1-2d6l. Bar silver
GO is Mexican dollars, a. -.
Government bonds weak STATE DoHu-
inactive. Railroad bonds irregular