Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-09-14
STOCKS IMPROVED.
CLOSE OF THE MARKET VERY
ACTIVE AND BUOYANT.
MONEY TONE MUCH HEALTHIER.
Bonds Inclined TO Recover In SYM
patty with stocks-Whent strong
err and ADMINISTRATIONS Also
Advance.
Advance

NEW YORK, September 1.-THE recu-
peration OF the money market by means
of the severe liquidation Of the last two
days was reflected IN a much improved
tone In the stock market. Prices were "A
little inclined 10 advance in the early
dealings. in spite Of the buoyant tone Of
| Americans IN the London market and the
! vigorous strength shown by a few Spe-
| cialtios. Early loans on call were made
| at 10 az per cent. and decline in
prices set in soon after the opening, which
carried the level generally below that OF
last night. The rate for call loans then
! fell 10 6 per cent. and after stiffening
! again spasmodically eased off i'm the lat
/ ter part Of the day to per cent About
\ midday there came the announcement
! that the Treasury Department had de-
cided to anticipate by about ten days the
| October payments OF interest on govern
ment bonds, which will amount in the
| aggregate TO over 100000. The shorts
took alarm at the steady advance which
! SET IN ana rushed TO cover. bidding up
prices in the closing dealings by wide adj
/ Nances 10 the top level Of the day. The
closing was very active and buoyant, and
| shows net gains ranging from ! TO g
points.
The day was the fortnightly settlement
AdN on the LONDON STOCK lNcDauEc.
where quite q large short interest is said
TO have existed in Americans. The de-
cline here was, therefore. very oppOrtune.
and London bought TO the extent of about
1900 shares.
TOBACCO UP POINTS.
Tennessee Coal was strong from the
outset. and after moving in an erratfc
way, closed the day with an advance of
bt2 points. American Tobacco also de-
Yelopcd early strength. and LETT off over
. points higher Brooklyn Rapid Transit
was down nearly TO yesterdays low price
ana then up again. and shows a frac-
tlonal net gain. The new United States
Mining stocks moved upward all day and
snow net gains Of over points each
ana Colorado Fuel and Iron "a much
Ihere were active upward movements in
the Leather stocks the Mexican rail
steel stocks
The demand for the railroads generally
gained In volume as the day advanced
ana the upward movement was quite uni
form I'm the principal active issues. which
nave net gains of between i and points
IN many instances
Gains above the average were made I'm
Lackawanna. Illinois Central: Cleveland.
Cincinnati. Chicago and ST. Louis: Pitts
buIB, Cincinnati, Chicago and St Louis.
and Chicago Great Western. "B." which
wanna.
MONEY PRESSURE RELIEVED.
The movement Of money on balance
continued i'm favor of the interior to-day.
put a debit balance at the clearing
by the Treasury relieved the pres
sure somewhat I'm that quarter. SO far as
known there was no fresh supply Of
money I'm the market though the sharp
break in the call-lOan rate suggested that
some hidden reserve might have been
brought forward The extent TO which
the loan contraction had proceeded can
only be estimated vaguely, but weaker
speculative accounts have evidently been
shaken out TO large extent. leaving the
general tone much healthier. Sterling ex-
change fell an additional fraction for
actual rates, and posted rates were re-
duced half q cent, but the fact that dis
counts in London were easier Indicated
that no gold movement is in prospect
from that quarter.
The general news all continued favor
able. Bargan-hunters We're again I'm evil
dence. Bonds were inclined to recover i'm
sympathy with stocks. the speculative
ISSUES leading. Total sales. par value.
$4,000. United States bonds were un-
changed i'm bid quotations.
The total sales Of stocks were jCS 800
shares including AtchisOn. preferred, 30
$50. Chicago. Burlington and Quincy, TO-
GO: Rock Island. 1850: Louisville and
Nashville, $3.50; Manhattan. $3.50: Me
tropolitan. 6,062; Mexican Central. 1880;
Missouri Pacific, $3.50; Northern Pacific.
1000; Pennsylvania. 1850; st. Paul. $3.50:
Southern Pacific. 1850; Union Pacific.
$3.50; Union Pacific, preferred, solo, Hoop.
1900; American Steel and Wire 900:
American Tobacco % 220; Brooklyn Rapid
Transit. N.270: Colorado Fuel and Iron.
1860; Continental Tobacco 1000: Federal
Steel 500; United States Leather, a. $50;
United States Leather. preferred, 1860;
Republic Iron and Steel. 5157 Tonnes
see Coal and Iron, 13,d5; Sugar, 1880;
People Gas. 1920
MONEY AND EXCHANGE.
Money on call easier at PAM per cent:
last loan at 4 per cent; prime mercantile
paper, 4i4Qj per cent.
Sterling exchange weak. with actual
business in bankers bills at AS53t0SlS6
for demand. and $AS21sQS4S2si for sixty
days; posted rates. A8hQA.Si and
$fS7la; commercial bills, ASli9
Silver certificates, 59q59&l. Bar silver, 90.
Mexican dollars. Az.
Government bonds steady. State bonds
inactive. Railroad bonds strong.
New York stock Quotations.