Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-22
STOCKS ARE ACTIVE.
BATTLE ROYAL BETWEEN THE
BULLS AND THE BEARS.
CORNERSTONE HOUSE BUYING LARGE
Tendency TO Advance I'm the Rail-
rond List-NorfOllx and Western in
Good Demand-The Grains and
Provisions Lower.

NEW YORK, August 21.-There was a
battle royal between the bulls and the
bears on the Stock Exchange to-day.
Commission-house business was on a very
large scale, and the movement Of prices
in large majority Of cases was varied.
realizing going on In a liberal way at one
portion of the list. while prices were
marked up In another. ore or two stocks
showed conspicuous strength. but the ten
dency to advance in the railroad list was
surprisingly uniform. There were vulner-
able spots in the Industrial list, however,
and the determination with which the
bears raided these wiped out n majority
Of the gains which had been achieved in
the railroads. and reduced practically all
that remained to fractional limits.
Brooklyn Rapid Transit suffered the So
verest attack from the bears all day
long. The success OF the bears with this
stock encouraged them TO extend their
attack TO other members of the so-called
Flower group. They forced down Inter-
national Paper an extreme points, and
| Federal Steel suffered TO the extent Of
rs. Peoples Gas lost over points. and
Rock Island a point. The extent of the
decline invited hasty covering, and there
were rallies Of about 2 points in the
Railway and Third Avenue showed wide
declines. I'm sympathy, ranging from Is
| 10 IL. Sugar after an early gain OF
point. dropped nearly 2 points. Steel and
Wire and other iron and steel stocks
were also heavy.
The influence of this weakness on the
railroad list was accentuated by a late
marking up Of call loans to 1-2 per cent.
AFTER they had ruled at and below per
cent. during the early part of the day.
The fact remains that ,arge portion OF
the days business in the railroads was
done at prices about at Saturdays level
ENORMOUS ABSORPTION.
There was an enormous absorption or
stocks from the opening. in spite OF the
rather heavy tone reflected from foreign
| stock markets by the disorders in Paris,
an uneasiness over the political situation,
! and the spread of the bubonic plague.
| Tennessee Coal rose 10 par in the first
| few minutes of trading II went back du-
| ring the day to 81. and closed at 90. Louis
vile continued in active demand, ana SOLD
| up TO So 7-S
A number of low-priced stocks. notably
Denver and Rio Grande and Norfolk and
Western. were in good demand, and the
| large organized buying of Southern Pa
| cfic was continued. This stock was held
! back by realizing. and did not at any time
| rise more than small fraction over Sa-
turday. The stocks OF railroads I'm Colo
RADIO We're uniformly strong. on the i'm
| proved conditions of the mining Industry
| of that State AtchisOn. preferred; the
! Changers. the Coalers. the Baltimore and
| Ohio stocks. and Union Pacific were in
| large demand.
The bond market showed increased ac-
| tivity, in sympathy with stocks. 1here
were conspicuous gains in Southern Pa
| cific As. Colorado Midland as. and At
| Gibson As Total sales. par value %,lZs,-
600 United States SIS advanced is In the
bid price.
TOTAL SALES.
| The total sales of stocks to-day were
| 7O6. 800 shares, including Atchison. l6,ioo;
| Atchison. preferred. 1926; Chicago Great
| Quincy, 10 S25: Denver and Rio Grande,
| IL 400; Louisville and Nashville, lg'ls3,
! Manhattan. II $50: Missouri Pacific. ICO9;
! Missouri. Kansas and Texas, preferred,
| O0O. Now Jersey Central. 600; norfolk
| and Western, 27535: Northern Paclhc, ~
| 100. Ontario and Western, 300; ST Paul.
| 35 $50: Southern Pacific, 5000; Union "a
! CHIC q ia. American Cotton Oil, 100;
| American steel and Wire, H.3iV; Amer
| can Tobacco, ll13O; Brooklyn Rapid Tran
| eli liz 100. Federal Steel. 1910: lnterna-
| tionai Paper. 9170; Peoples Gas, 6flo;
| Sugar. 1900: Tennessee Coal ana lroh'
| 20. $50: United States Leather SZJv.
MONEY AND EXCHANGE.
Money on call steady at 3-4d3 per
cent: last loan at per cent; prime iher-
| camille paper. Lao per cent. -,
| rees In bankers bills at 1886 l-4QSi.S6 IL
! for demand. and $4S4$i.8 Il for sixty
| DAYS. posted rates $4SiUSLSI IL; CONNER
| cial bills. M.S2 1-4ds4S2 81. -
| Silver certificates. 6Oq6l. Bar silver o.
| Mexican dollars. a. 10 e... .e.,s.,
! Government bonds strong. state bonus
inactive. Railroad bonds strong