Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-04-11
STOCKS UNCERTAIN.
AN OPENING DECLINE, A MIDDAY
RALLY, AN AFTERNOON DROP.
CALL MONEY RATES EASIER.
Commission-H0use Business Falls
OR-The transactions in Railways
Rather Light-Wneat Irregular,

NEW YORK, April 10.-Interest In stock
speculation to-day was on a diminished
scale, the dealings aggregating little over
half a million shares. Stock moved In an
uncertain manne-. and number OF mark
ed net losses resulted. There was a de-
cline at the opening, in which the Spe-
cialties participated, a midday rally led
by the Vanderbilts, and an afternoon de-
cline. in which the Changers were promi-
nent. The liquidation OF Friday per-
mitted a number of brokers TO return
borrowed money. and call rates were
generally easier, 6 TO per cent. prevail
ing the greater part OF the day. Several
million dollars Of sterling loans were
made. and call money closed at 3a4. For
eign bankers apparently assumed that
comparatively good prices were probable
here for money. for a more or less pro-
tracted period. These sterling loans were
responsible for an easier tone IN the
sterling exchange market.
FLOTATION OF INDUSTRIALS.
The recurrence OF syndicate operations
and the notatlon OF Industrials is the
basis for the expectation OF fair rates
a least. for money. This week, SZSOVO"W'
approximately, is TO be called in connec-
ton with the Rotation of the American
Pump Company, the Chicago and Alton
syndicate deal, and subscription payments
on Manhattan. while the call for subscrlp-
tons involving several million dollars
on the steel-hoop combination has been
postponed.
Commission-house business fell off con-
siderably but there was evidence OF an
effort TO stimulate interest in the market
in some Specialties again, since FRIDAY
decline had wiped out weak holdings.
Some large accounts were closed out to-
day. causing the early decline. one DOCK
of 1900 shares Of Brooklyn Transit was
sold just after the opening. The Wander
bilts. which all advanced smartly. retain
ed part Of their rise. Gossip about SUP
scription privileges advanced Great North
ern. preferred. Consolidated Gas broke
points. presumably because of the pub
llshed interview with a prominent poll
tician, favoring municipal ownership OF
that Industrial. The selling of the
Changers i'm the afternoon was due to ap-
prehension as to the possible character
Of the government crop statement to be
made known this afternoon.
Standard Oil closed at 471GH3
CLOSE STEADY.
The market closed steady.
Transactions in railway mortgages were
rather light. and while the market lacked
4 decided tone. the changes either way
were only fractional. Total sales. $685.
600. United States SIS, a. and the new
As. coupon. Is in the bid price.
The total sales of stocks amounted 10
557Il0 shares. including 1900 American
Steel ana Wire 300 Sugar; $500 Brook
lyn Rapid Transit: 1890 Chicago, Bur
lington and quincy; 1920 Chesapeake
and Ohio: 5000 Chicago Great Western;
$500 Cleveland. Cincinnati and Chicago;
100 Continental Tobacco; $500 Federal
Steel; 600 Federal Steel. preferred: % 100
Manhattan; $500 Metropolitan Street Rail
way: %. 600 Missouri Pacific; 1900 National
Steel: % 800 New York Central; 5000 Peo-
pies Gas: 5000 Reading, LIST preferred;
800 Rock Island 1900 st. Paul; 1900
Union Pacific: 1920 Union Pacific, pre-
ferred; $500 United States Leather
MONEY AND EXCHANGE.
Money on call closed easy at 3d7 per
cent: last loan at per cent: prime mer-
camille paper. 3l2n4A per cent.
Sterling exchange weak, with actual
business in bankers bills at 1851 1886
for demand and s4S313QA.S324 for sixty
days: posted rates. SLS4i&uAS5is and
S4NNASI12: commercial bills. S4.S2la6sLS3.
Silver certificates. G0d60la; bar silver,
59h: Mexican dollars. 577s.
Government bonds weak State bonds
inactive. Railroad bonds irregular.