Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-04-05
STOCKS SENSITIVE.
TEE CLOSE WEAK, AND NEAR THE
LOWEST.
RISE IN CONTINENTAL TOBACCO.
An Advance I'm Plug Tobacco
Prices Credited With Bringing
WeaIS-Iiond Market Improves

NEW YORK, April I-Stock trading to-
day was very sensitive, and moved irregu-
larry. After a wild and high opening for
many stocks, realization OF active inte-
rests, and depressing efforts on the part
o; the professionals tended to produce
recessions, particularly in the active Spe-
ciaties. which of late have attained the
largest advances. The traffic agreement
between Third Avenue and Manhattan
produced a large advance IN both Of these
properties at the opening, Third Avenue
rising six and Manhattan three points.
This brought about extensive realizing,
and the stocks gradually receded, Third
Avenue losing on the day and Manhat-
tan half as much. Metropolitan lost l-2,
although at one time ii was down l-2.
on liquidation induced by the communica-
ions Of rival companies. Sugar was s
points down. The suit to restrain the
Brooklyn Rapid Transit from leasing a
former rival traction company, together
with realizing on Brooklyn Transit's large
advance, caused the stock to eaxe off 3
points. The iron and steel shares ended
irreSuiary, changed, with Federal Steel
and American Wire down sharply. Inter-
national Paper lost 4 and Chicago Gas g.
Excepting the Coalers, which rose, in
some cases materially, the general railway
list showed little change, the Changers
being fractionally off.
CONTINENTAL TOBACCO STRONG.
Among the Specialites 10 display
strength were Rubber. Tin Plate Leather
preferred, Continental Tobacco, and Long
Island, the two last-named rising 3 and T.
respectively. An advance In plug tobacco
prices was said 10 be the reason for the
rise in Continental Tobacco.
There was a confusion of views on the
Stock Exchange. Traders were inclined
10 make much Of crop prospects, the adj
vices from the grain regions being mixed.
as usual at this season of the year. The
impression was rather. general that much
liquidation had come from active inter-
ests but there was no certainty but that
part Of their former holdings had been
repurchased at lower level. Uncertain
ty as 10 the immediate position Of large
speculative interests was a cause FOR
some OF the commission-house selling. In
some quarters, however, stocks were still
tenaciOusly held.
can money continued firm, and ranged
from > 10 g. with most Of the business at
the higher figure.
CLOSE WEAK.
The dealings for the day exceeded
million shares, and the market left of
weak, not far from the lowest.
General improvement resulted from to-
days bond operations. Total, $iis5, 900.
United States old As. coupon. advanced
l-2, the new IS 3-S. and the SIS and old AS,
registered. II in the bid price
The total sales Of stock were loo 100
shares including Y 2S5 Chicago, Burling-
ton and Quincy; 25,7H Atchison preferred;
1860 Manhattan; 13100 Metropolitan
Street Railway; 1000 Reading first pre-
ferred; 1850 Missouri Pacific; $50 Mis-
souri,, Kansas and Texas preferred; s,0'S
New Jersey Central; 1855 New York Cen
trial; 1855 North American Company; 2'Sl
Omaha and Western; $3.50 Rock Island;
1850 Union Pacific; 1929 do, preferred;
IT, go ST. Paul; 1915 Wabash preferred;
q, go American Steel and Wire; l3,165 IN
ternational Paper $3.50 Federal Steel; 3D.
22j do. preferred: 1855 Peoples Gas; $500
colorado Fuel and Iron; II, $50 Brooklyn
Rapid Transit; $3.50 Continental Tobacco;
$50 Pacific Mail; $3.50 Sugar; 1866 Ten
nessee Coal and Iron; $3.50 United states
Leather; s., l53 do. preferred; 5,2lS Rub
Der; 6,220 ST. Louis and southwestern
preferred: 1850 Chicago Great Western.
MONEY AND EXCHANGE.
Money on call firm at sac per cent; last
loan at per cent; prime mercantile pa
per- 1-244 IA per cent.
Sterling exchange steady, with actual
business in bankers bills at 1886 La
1852 for demand and $ia La A.A IL
for sixty days posted rates, $.S0A.S 50 IL
and SiS7Gs4S7 IL; commercial bills, Sis3g
$i.SS -
Silver certificates, 6OGGO1-2 Bar silver,
593-i Mexican dollars. Il II.
Go, eminent bonds strong. state bonds
Inactive. Railroad bonds firm
49,. NnrI- SIncl fIfinnH.