Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-11-15
STOCKS AND BONDS
MONEY ,IaRRET PROSPECTS STILL
THE DOMINANT INFLUENCE.
FUNDS PLENTIFUL In The SOUTH.
New york Anticipates an Ear'E
Flow of "the Nccdfuf' from ini'
sectiop-Cotton Market Absorbing
Actiyity-The Produce Markets.

MEM \ OKk, NONtnlbtI IT. H' pm
of stocks traverscd quite wide range du-
ring the day throughout the list but the
net changes are almost all fractions ana
the majority are on the SIDE Of losses
Money market prospects continued the
dominant influence in the trading.
The events OF yesterday had turned
nearly all the traders on the floor to the
buU side and the market opened with an
inward movement OF prices. when eN-
tended to a large fraction OF the hsl pc
fore a reactionary tendency developed
Continued buying by London helped on
the advance. and there was special
strength i'm a number of individual stocks,
notably General Electric, when rose all
extreme ( points on irWois 81 ii" - ~
dividend and Consolidated Gas. "hirh
was UP at one time points on per oul-
cal rumor of settlement OF the local s"9
war. 49,, how,
absorption Of Southern PacAic, I ii..
gave q healthy tone TO the railroad hs''
ProGt-taking sales i'm this stock were o.,
tnctod at an early point. ana hau NO. "
little 10 do with checking lhe hrilei Hl "p
ward tendency The decisive lhhu'HN' D.
tnrning prices downward was the Irdil
1Stion that Yesterdays easing or inc
money rate was due TO SpoIaul' Supp,s
of funds. and not TO any iaultal 49, ~
i'm The conditions or me NOME ii, -
A large norton of the funds loaned -
.arlo,- wore attributed go cash deporl.
bv one of the railroad for the ptpoS' ~,
taking 10 an old underlying ISSUE 90
STRINGENCY PREVENTED.
This supply OF money had the enso' ,5 ~.
of-setting the calling Of loans TOT w Wv
"a - necessary by the depletion
/ Of reserves. and prevented inc st4ll3fi NV :
of tie money market which nau pev pc,
/ feared. The effect was manure III
as veil as Yesterday, through lht 'ol,al
money rate not going over . P'i '0''''
J ruling generally below thtl t,.,,.od o.
( THE sterling exchange rdle Snn ," 49, -,
/ o,icl, response TO this easing OF w 80 -
money rate. and no{ea ,. IN from the
l,,cid.imnort point. This caused cesSa
| e. ~ the talk of immediate sJiu I'M
,orts ont Of which was based the w
/ ward movement OF Yesterday III $3.50
/ In this the hope or reHel ~ ~ 1o,,eg
/ 1,ovement of gold had 10 be aDaHuoHe'
io ,folntime the absorption Of FUNDS 10y
/ .,o sub-Treasury and the pronaDie CON
/ tinuance of demands Il ON ~ y1tscdrr
| have still 10 be reckOned WIN. ~ 9'g"'
/ "eenent overcame the operators lol a,
/ rise and they proceeded 10 sen vu' "
! bo.dings. wiping ont the carrier sai'tta'
/ and carrying prices below Iaal li''t ,'i,
/ io,,el Considerable speculative dct.Nl,'
/ =. diverted TO the cotton market. WIZ
! Is "a Hho,,aicnunent of "a foreign demand in
! I5icates The re in0uishment by forelsn puy
ere Of their attitude of waiting Tor lule'
MONEY ABUNDANT IL SOUTH.
A. hearing on the money situation,
! &c imDortant to note that auFlccs IT."
! tba south report money in aDrnoah' suP
nv there SO that planters nave pevi
| allie TO obtain accommodation LOT NJ.
~ tbeir cotton for higher prices. iH
i.SSgeiv-increas supply OF COTTON DE-
a. The exchange market In he last IeE
! ~ with the movement in cotton VII
! ,,of,,rallv result i'm the ear release
| funds i'm the South and nasl'h lhe i0'"'
flow of money from ina, IesIoi Fl
prices for bonds moved irreg ulaIly'
e,mnafhv with stocks. Total safes pa
! value So 100000, United states ne"
and IS advanced - ~. ,,o .,,o.os In
Guiding Atchison. preferred, lIt.,' IN IN
| 900 Great Western. $3.50. Chicago but
lington and quincy, 7o0O; Denvsr a ia a. a.
| Grande preferred. $500; llOuisNl le al.
| Nashville 500: st. PAU. o.il', 'ol.s lsH
J Pacific 139.0l0: Southern Railway prtlvi
red $40 Union ,, PaclliS; o Rs5id transit
9e 950. continental Tobacco. 600; feueis
| ctoel' o 90. General Electric. los, Iaclh
Mail. $50: Sugar, d,5o5 Lnited state
Leather. 1870. ,,.,-,r,
Money on call firm at GnS per cent; las
loan at 6 per cent prime
Sterling exchange firm. with actual pus
| ness i'm bankers bills AZ 81 e1i4dSio7r2 %
| demand. and at SLS9A FOR SIX
DAYS; posted rates; $i;M,ae3 y W ~ ana 9i''O'
| 81 SSi5: commercial bills. SiSVi4.
| silver certificates, 5yu6O bar SILVER
| 5SX. Mexican dollars, Az.
Government bonds strong. State bond
inactive. Railroad bonds irregular.