Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-06-13
STOCKS QUIESCENT.
OUTSIDE OF SPECIAL CASES, TONE
Is HEAVY.
S2,OoO,OQ0 GOLD ENGAGED FOR EXPORT
This Weighs Upon the Market. But
Does Not Apparently, Affect Money.
winch continues Ensy-Wheat De-
cliDes-Provisious vncb,nyed

NEW YORK, June 1s.-There was owl
uehce OF large buying by Powerful fnan-
olai interests in n limited number of
STOCKS and of manipulation 10 advance
prices IN the stock market to-day. Specu-
lation otherwise was in a. somewhat oui-
eseent state. Outside Of special cases,
where prices were supported. the tone
was rather heavy. Yhe railroads ranged
uo"h"apd' within the limits Of point.
curing the early trading. There was or
ganized buying throughout the day Of
Federal Steel. which was marked up near
~ points, and closed almost at the top.
There were some sentimental advances
by some Of the other steel stocks, Ameri-
can Steel and Wire responding late in the
cay on covering of shorts. but none of
the gains in the group were well held out.
The so-called Flower stocks were all well
supported, and Brooklyn Transit shared
Its strength with Metropolitan Street Rail-
way and Manhattan. This group of New
YORK Traction stocks showed the effects
or realizing from time TO time during the
day, and Manhattan was dragged below
last nights close by its weight. The
Changers were taken mp at one time, st.
Paul in the lead. but did not retain all OF
the gain and in some instances more
than lost IT, The Coalers were pretty
well sustained, also. other points or
strength were Pittsburg Cleveland en-
cinati, CHICAGO and ST. Louis. which rose
an extreme OF 90: Chicago Terminal. pre-
ferred. the Denver and Rio Graude issues.
and the newly-issued Wisconsin Central
stocks. Sugar fluctuated UP and down
during the whole day. but always above
Saturdays level. II rose at one time 3
points, but lost II all before the close.
NO OUTSIDE DEMAND.
There was no evidence Of outside de-
mand TO keep the market up and the
railroad group showed itself affected by
the heavy tone Of the foreign stock eN-
changes on account Of political disquiet.
The announcement of the resignation OF
the French ministry helped the late reac-
ton in prices. The engagement OF an
additional g 10000 of gold for export to-
morrow, although the probability OF II
had been intipated, also weighed on tne
market No effect was apparent IN the
money market which continued decidedly
easy. Exchange also. though II hardened
q shade. continues a broad fraction below
the pofnt where exporters can figure
profit on gold exports. j is. IN ract'
generally admitted that the gold move
this market to replenish the reserve OF
the Bank OF England, and probably, also
FOR Russian purposes. THIS Is pfeCiaSlg
similar operation TO that undertaken py
the United states Government through
syndicate TO replenish the gold IN the
Treasury during the last administration.
# IS 10 be noted that while the Foreign
money markets are thus drawing on NeW
York for gold as the most aVallaDle
source Of supply. New YORK banks are
Offering special inducements. such as pay
ing the cXpressage on bills femltted ny
their agents 10 secure a supply OF lesal-
tender notes 10 meet the demand Oh dc-
tive business conditions. Ill,
The market for railroad bonds was duil
and sluggish, and the changes are miNea.
Total sales % 100000. United States IS
and IS declined 4 in the bid prices.
TOTAL SALES. 6lO479.
The total sales Of stocks were 6l0.479
including Atchison, preferred. 1855; Bur
lington. 27SCj: Denver and Rio Grande
10 $50: do preferred. 74i0; Manhattan, 3s,-
675: Metropolitan. $50; Reading. first pre-
ferred. Q 40: Missouri Pacific 800; North
ern Pacific, 600; Ontario and Western,
500; Rock Island, 1856; Union P Pciac'
no; St. Paul. $685.; Southern Paclhc,
: 200. American Steel and Wire. A. 20)
Tobacco. $3.50: Federal Steel. 48.415; do,
preferred 1876: Chicago Gas. 1920; con-
eolidated Gas $50; Brooklyn, 635S5; Con-
tinental Tobacco. $50; Sugar, oj,lIO; Ten
nessee Coal and Iron, IIo
MONEY AND EXCHANGE.
Money on call steady at 2d3 per cent;
last loan at 2i2; prime mercantile paper,
3iaqf per cent.
Sterling exchange firm. with actual bust
ness I'm bankers bills at Asl4aN@ for
demand; posted rates, ASb124A.6 and
Si5g: commercial bills. ASQA&i2
silver certificates t0i4q62; bar silver,
COZ: Mexican dollars, 4o12.
Government bonds weak: State bonds
inactive; railroad bonds irregular.