Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-01
STOCKS DECLIN
AMONG sPECIALTIEs THE LOSSES
ARE GENERALLY LARGE.
MANILA RUKOR HAS EFFECT.
frices Pick Up, However, on Denial
OF the story-Wheat Stronger and
biSher-Corn and Oats Rise-Pro-
visions Lose.

NEW YORK, February 9s.-There were
average declines Of from to 2 points
among the leading stocks. including the
railroads. while IN the case OF Burlington
there was an extreme decline OF IA. The
Spec.alties. although showing consider
abe strength at one time. made extreme
declines from the highest that were gene
rally large-Metropolitan one of ~; Con-
solidated Gas, 5; Brooklyn Rapid Transit.
2ss, international Silver. 5lk; Sugar. g.:
American Steel. 4. and Federal Steel, "a.
ST. Louis and San Francisco second pre-
ferred made sn extreme drop Of TO g.
while Lackswanna and Atchison pre-
fcfrod figured >or about 2h each. Third
Avenue was subject to violent fiuctua-
tons on denials and assertions Of the
story that 1t had been acquired in the
interest Of the Metropolitan Traction
Company. After a break OF points
Third-Avenue rallied lis. lost ! point.
and ended unchanged on the day.
In the early trading there was small
buying by London and interests con-
nected with the Steel stocks. and also
some purchases of Burlington. Realizing
by commission houses sent prices of
Burlington's decrease Of $4,000 in surplus
during January had depressing effect
or the railways. being coupled, as ii was.
with realizing In Atchison. on the I'M
favorable Interpretation given to its Jan
uary statement, which appeared late yes
terday.
THAT MANILA RUMOR.
The market rallied. and then declined
again. on talk OF the possibility OF
tighter call money and on the circula-
ton OF rumor that the Americans had
sunk A German cruiser at Manila. There
was brisk attack on values, stop-.oss
orders being uncovered and considerable
liquidation. Prices picked up when it be
came known that no such disturbing Ma
Mia advices had been received. but specu.
latiOn became unsettled again with the
renewal Of pressure. Sugar, which show
Cd early strength on reports Of the acqu
sition Of a rival company sold off on the
denial
Two things which in a measure would
account for The weakness Of the marke
were that London sold in the afternoon
the stock purchased earlier and that two
OF the leading interests that had beer
prominent on the bull side were said 4
{ be practically Out OF the market for thu
moment and letting some OF the stock
with which they had been identified shift
for themselves. Many million dollars
wor'h Of american securities sold 10y
London in previous weeks have reached
New York in the past few days, but tn
agents Of some foreign houses express tn
opinion mat they have practically cease
puIchasil Z for the present, al least. To
tai sales of bonds $1,000
4 Standard oil closed iS3 asked.
NEW FOURS ADVANCE.
rho new - advanced a.
The total sales Of stocks were $3.50
ela.cg. including O260 Atchison; g. ~
Go. preferred: i910o Chicago. Burlington
AID quincy. $50 Louisville and Nash
+ Vile. 5c-0 Manhattan; $3.50 MetrOpoiitar
. Street Railway. 1920 Reading nrst pre-
ferred. $40 Missouri Pacific: $3.50 Nortl
. Ar,CricGu: j5.76c Northern Pacific: $50
do. preferred. 2i1aN Omaha and western
T. r-C Rock Island. 4f5i, Union Pacific
$50" Co.. preferred. 171lo s.. PAUL. 6GJ
Southern Pacific; 5000 Texas and Pacific
$685. American Tobacco; $500 Fedora
steel: % $50 Co.. preferred: Scip Brooklyn
Rapid Transit, 289b Sugar; 300 Tennes
see Coal and Iron.
MONEY AND EXCHANGE.
Money on call steady at 2l2I3. last loai
al 3; prime mercantile paper, Sq3s pc
cent.
/ Sterling exchange steady. with actua
/ business in bankers bills at $i654GS So
for demand and &4nASla for siXt!
days: posted rates. ti8r2N$i s. and $LS6i
/ 0sAS7; commercial bills S8II$464
Silver certificates. nominally. 5si2d5Oi2
bar silver 59,a. Mexican dollars. 47l4.
Government bonds strong; state bond
firm: railroad bonds weak.