Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-15
STOCKS ARE SP0TTY.
CLOSING OF MARKET ACTIVE, But
EXTREMELY IRREGULAR.
CONFIDENCE IN MONEY HAS RELAPSE
Conviction Tint Saturdays Bank
Statement May Not Have Been an
Accurate Reelection of the Market
Wheat Stronger and Higher.

market started off with something Of an
upward rush. Stock Exchange traders
and small outside following had appa-
rently come TO the conclusion that Sa-
turday's bank statement indicated that
all vexed problems I'm the money market
had been settled. and that ease and album
dance OF funds were now at hand. The
first sharp advance IN stocks, however,
demonstrated that the pressure of some
heavy Sc ling would have 10 be encoun-
tered on any general upward movement.
The market thereafter lapsed into the
spotty condition which has been It's re-
cent characteristic. a small number Of
stocks showed very marked strength,
but the usually active and prominent
stocks lay practically dormant through
out the session. and showed sagglng
tendency. which the strength in special
instances had no effect towards counter
acting.
Tennessee Coal and Iron advanced. by
sensational leaps. an extreme ga points
giving color 10 prevalent rumors OF
corner In the stock. The tone was fever
ish. below the high level, and the net
gain was 3si. The announcement of the
shelters strike settlement in Colorado
enhanced the prices of quite a number Of
stocks. including American Smelling,
which was most directly affected; Denver
and Rio Grande. and Colorado stocks.
Denver and Rio Grande to "a I'm Colorado
Fuel. preferred. The Smelling stocks rose
S3s and 2is, respectively.
The railroad stocks 10 show strength
were comparatively few. The Chicago
Great Western debentures started down
ward after their notable rise on Satur-
DAY. ana are nearly points of on the
daY, but the preferred \ stock Is up over
2 points. and the preferred stock over
a point. Beside these there are notable
gains in the Pittsburg. Cincinnati. Chi
cago and ST. Louis stocks Louisville,
Kansas. and Texas, preferred; the MIN
neapolis. St Paul and Sault Ste Marie
stocks. Cleveland. Lorraine. and Wheel
ing preferred; New York, Chicago and
St Louis stocks. and some of the low
priced railroad stocks.
RELAPSE AS TO MONEY.
Confidence over the money situation
had a relapse the conviction growing
| that the Saturday bank statement may
not be a fair reflection Of Saturdays cQn-
dition of the market Cneasiness and
| depression were also reflected from
abroad. political disquiet In France, ana
| advancing money in London ana Berllh
| threatening some pressure Of liquidation
/ from those quarters should this coun-
| try's credits be called home. Whatever
| ease is manifested in the money mdrket
! is realized TO be due to the quietude OF
! speculative markets the world over ana
! conservative heads in the financial world
| are inclined 10 .rOwn upon an outbreak
! Of speculation. ILL.,
| The closing OF the market was active,
| but extremely irregular Peoples Gas
mounted above l22, on the announcement
| of the acquisition of the Pullman Gds
| Company. while other stocks tended
| downward. Net changes are mixed.
| The bond market showed increased &C
| tivity Kansas and Texas second leading
! Prices are higher. Total sales. par ValuG
| 20. 5Sl ESQ. United States 3s ana IS adj
vanced a. ana the old rs, registered 4
in the bid price. l.. 49,.
AZ. 200 shares, including Atkinson; pre- d.rr
| Chicago Great Western llS1; Chlca$V
| burlington and Quincy. 100; Louisville
! and Nashville. 6.23O: Missouri Kansas
and Texas. preferred. 1880; Northern Pa
| cific 200: Pennsylvania, $3.50; ST. PAU
| eco. Southern Railway. 5000; Southern
| railway. preferred. 1900; American
Smelling. Ii 120; American Hoop ITO
| American steel and Wire, S,n0s 11Dac-
| co 61i9; Brooklyn Transit ANA; Coo
| RADIO Fuel and Iron. $3.50: Continental To-
| bacco. 1000: Federal steel, n,.5O; feo'
nie,s Gas 256i5; Sugar 1882: Tennessee
| Coal. 21S75: United States Leather 1853
MONEY AND EXCHANGE.
Money on call easier at 2l2q3 per cent.
| last loan at per cent; prime hercdiii''
| paper. 4IM5 per cent. .,.,.A oo+,,o
Sterling exchange hrn' WIN y, - 'srd
! business I'm bankers bills az - %4Sf; 80
! CO.. demand. and $4S2iz0$.S2a4 for Sixty
! davs. pOsted rates. StSl2uSLS ana Sf.o'i2
| commercial bills AAl2 10, ~. ar,....
| SILVER certificates, 60izd6L Bar silver
| COZ, Mexican dollars, 4Sc.
| Govprnment bonds strong. state bond'
| inactive. Railroad bonds strong.