Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-04-18
STOCKS ARE LOWER.
THE GENERAL MARKET ALSO
LEAVES OFF RATHER WEAK.
STRENGTH IN CALL.MOEEY MARKET.
This Due to the Financing of An
other Crop of Industrial Combine
vance-PrOyIsiOns Decline.

NEW YORK, April IA rise in call
money and recurrence OF discrimina-
tiOn in loans against Industri1ls caused
prices TO fall below Saturdays close in
the afternoon. The market, as usual on
Monday, after n strong Saturdays closing.
opened active and strong. on accumulation
Of outside orders. Except for a squirt
Of strength in the Changers. with Burling-
ton leading although they subsequently
lost about all Of their earlier gains, the
dealings were largely confined TO the In
dustrials and Specialties.
Prominent in the early strength were
Iron and Steel shares. Anaconda Mining.
Cotton Oil. and General Electric. The
last-named was Influenced by gossip rela-
tive TO dividend prospects Manhattan,
Sugar. and Brooklyn Transit were con-
sistently weak. although Brooklyn Tran
sit recovered somewhat from the lowest
CONTINENTAL TOBACCO DOWN.
Many Of the Speciaties, which had ad-
vancod most readily early, were equally
conspicuous I'm the afternoon decline es1
pecially Continental Tobacco. federai
Steel. Colorado Fuel and Iron, ana AmeII-
can steel and Wire.
An advance I'm wheat gave an en-
couragement 10 bears, who construed II
as conhrmatory Of the crop-damase
gossip. -,.o.
The strength in the call-money market
which ranged from AZ 10 6, was IN inea-
sure due TO the financing of another crop
Of industrial combinations lncluulng pay
ments incidental TO the organization oI
the American Hop Company.
There was considerable selling TOT west
ern account in the afternoon trauliis'
which gave ENCOURAGEMENT 10 laise ~
ferest. which operated apparently on the
short side London was purchaser Oh
a number of dividend-paying lnterna-
tionals and a seller of speculative low
grade shares.
RAPID-TRANSIT DECISION.
Expectation that the decision /" tne
Rapid-Transt Commission Woulu De ieH
dered this afternoon was source ol
strength 10 Metropolitan ana weakness
10 Manhattan, on the possibility lhat ~
might favor the former. me .g vmClai
market left off rather weak stdiludiu
OIL closed at 4SSnis9. -,
Business in railway mortgages was wen
distributed to-day and geneIaly hlsilt-
range of prices established 4V.al s"at9'
So O65. 900. United States new as, iesl3
tered. and the old Ss. registered ad-
vanced a and the new AS. coupon IS IN
the bid price. o., -oo .,,o-o,
including 1850 Chicago, Burlington ana
Quincy: 600 Delaware and HudsOh'
5G OS9 Manhattan: 600 Metropolitan
Street Railway, 4,i6S Reading nIst pr
ferred; 1910 Missouri racine, oLyV SSillsso
souri,. Kansas and Texas preferred l23O
North American Company; $50 Northern
Pacific; $500 ontario and Western; 14'S 0g9
Rock island: 1855 Union ~Paclnc; IS'V5V
81 paul. 400 Texas and Pacific; l3,GlJ
American Steel and Wire; a. go American
Cottonseed-On; 1893 Federal Steel; 6.130
Federal Steel preferred' Zi'iz2 Ieo =, o- >
Ggs. u 7O5 colorado Fuel and Iron; 1911
General Electric $3.50 Brooklyn Rapid
Transit; G.5O5 Continental Tobacco; 4o,Co
Sugar: 1929 Tennessee Coal ana IIon'
LAO Rubber.
MONEY AND EXCHANGE.
Money on call firmer at 4dGi2 per cent.
last loan at . per cent; prime mercantile
paper, 3i4MfA per cent. III. o,,,ot
business in bankers bills at AS612g}Se3t
for demand. and SlSr@pASi@s for SHY Ky,
days; posted rates; @@aA,S' e3o aiiS S2 s''Y
silver certificates, GOa6Oikc; bar silver
5q5.c.: Mexican dollars. 419sc. I'll.
Government bonds strong ola'e Donu'
rB,grcaI bQndg strong.