Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-02-07
STOCKS VARIABL E
THEY FINISH. HOWEVER, WITH
ONLY FRACTIONAL CHANGES.
THE PRICE TENDENCY UPWARD.
REPORTS ms to Probabilities Anent
the Peace Treaty Were Instru-
ments I'm Swaying Nalues-Rcnction
in Whcat-Proyisiops Higher.


were variable to-day. but finished with
only fractional net changes. the majority
Of which were upward. Many conflict
ing reports reached the street as to the
probabilities Of the confirmation or re-
lection Of the Spanish peace treaty. and
these were Instruments in swaying values.
The first effect of the uprising at Mania
was disturbing. Stocks opened below the
London parity, and there were soon ma
terial declines in a number Of cases. Lake
Erie and Western, preferred, dropped ga.
Southern Pacific 3%s. and a number OF
other shares to the extent OF point
or more. Later Lake Erie extended its
decline 10 points on the announcement
that it had absorbed an important con-
Germ. Traders bought on the decline, and
prices improved.
Although dealings were much contract
ed. compared with recent averages, prices
rose above Saturdays closing. num-
Der Of high-priced stocks. including New
York Central, and Pennsylvania, together
with the local Traction and Gas stocks,
were conspicuous. as were Paclilc Mail
and Chicago Great Western, preferred.
Prices again fell off. stOp-loss orders were
reached in some cases, and commission
houses sold freely. Twin CITY haplq1
Transit dropped 1. while Sugar, Lead
Peoples Gas. Federal Steel. and Omaha
sagged to the lowest Standard OH CLOSED
at 4i9ia and 4j0is.
EFFECT OF TREATY VOTE.
Houses with Washington connections
were watched narrowly, with a view e
getting some intimatiOn from thelr deai
ings as to the treatys chances, Out no
thing decided one or the other' coulo
be detected.
Toward midday the market again work
ed inward. with minor periods or depres
sion. but gradually top ngures were gene
rally reached. ....,r
tiers that the Outburst in the philippines
assured the treaty's ratification, ana OF
the theory that settlement Of the uncer
tainty would be beneficial there wa
buying Of stocks. On the other manu-
many desired TO reduce their commit
ments over night. as precautionary mea
sure. and these cOntending interests sdN'
the market its appearance OF great Ut
regularity. The fevershness which pre-
vailed early in the dealings In a measure
gradually disappeared as me uay . WoL,
on. and the middle and low-priced stock'
synpathzed in the advancing tehdehcl
of gilt-edged properties. IN the ma
dealings there were slight recessloh'
from the best prices.
BONDS.
The bond market showed marked heavi
! ness I'm the early transactions, but late
! improved i'm spots, closing Irregular. 10
| TAI sales. SlOO0.CcO United States old 5
/ coupon. advanced \, and do, registered
| and the SIS "A in the bid price. ~. 80
| The total sales of stocks were ~ ~
| shares. including II 30 Atchison; ol,12v A.
| Gibson preferred; 100 central facliIc
! Il $50 Chesapeake and Ohio; lItO chicago
| Burlington and Quincy; 900 Denver ah'
! rio Grande: 22l5 Great Northern, pre-
/ ferred. 10 $50 Nashville; 1870 Manhattan
| - S,G Netropolitan; 1910 Reading, lst pre-
! ferred. : 400 Missouri Pacific 3O,vV New
! Vorl, Central: 2SI20 Northern Pacific; S'SZ
! Northern Pacific. preferred; 2OZD ROci
| island. II 500 st. Paul: 1860 Southern IA
| cine. 5535 Southern Railway; o,9lO south
| ern Railway. preferred; 500 IeNds an
| Pacific: q so Union Paclnci @O'-zg 10
! bacco: 30 40 Federal Steel; l0s-V cue q
| Steel. preferred; 1920 Bay state Gas
II $40 People's Gas; p 200 Consolidate
! cas-: l. COO Brooklyn Transit zoS-O Susai
| SO0 Tennessee. Coal and IRON lZ'f.V ~
! Louis and 5. w; 4C0O ST. Louis ana .. "
nrcferred. 500 Chicago Great Western.
MONEY AND EXCHANGE.
Money on cali steady at 2l2a3 per cent
! last loan at 2l2 per cent; PRIME iherCdnui
! paper. 2a4d3l4 per cent. .., -,
| Sterling exchange steady, win actua
business In bankers bills AZ Si.SA0ef;eo'
! for demand. and at 81 S3HuASia Tor sl Sl
49,. nosted rates. $4SiQSiSp2 and St.'l
| "A SGit. commercial bills, AeZi&qSheS'
! SILVER certificates. 59igQ6Ol2; Oar SILVER
| 5qa,: Mexican dollars, Al. CO., ,.1
| Government bonds strong S'dle poAu
inactive. Railroad bonds nrm'