The times. [volume] (Richmond, Va.) 1890-1903, 1900-03-15
THE Dem AND FOR
STOCKS I J !. LIGHT I
Yesterdays Market Largely in Pro-.
fessional Hands.
spEclALTlEs AGAIN CONTESTED
.SPEclALTlES AGAIN CONTESTED.
Third Avenue Took a Jump When
Receivers Report Was Published.
md Closed With a Net Gain
OF Five Points.

NEW YORK. March 14.-To-day's stock
market was largely in professional HANDS,
and trading was congestcd in the special
3 lies again. The professional contingent,
who have been ANTICIPATING the currency
law, sold to-day to realize. Pressure from
this source was not heavy, but the de-.
mand for stocks was so light that the
dr1bblinE offerings made steady lnroads
upon prices, carrying q few of the stand
ard stocks off a point during the course
OF the late trading. The movement OF
special causes.
Sugar was sold from Boston. where
Offers weIe made of the next dividend pc
low the 1la per cent. rate last December
on large accounts of stock. BROOKLYN
Transit suffered from the refusal of the
State Railway Commission to defer me ne
quarterly report. The Rubber stocks felt
the unfavorable influence of the pleasant
weather, accompanied with stores OF
largo stocks to be carried over till next
season. Peoples Gas was sold atresh on
Chicago orders.
che most conspicuous movement OIL the
day was IN Third-Avenue, which sold
: to 66 late in the day after the publication
OF the receivers report, driving the bears
to cover with q scramble. The stock re-
acted By. and fuctuated feyerishly, CLOS
ing with net gain Of points. for the
most part the speculative attitude IS one
Of continued waiting for the results OIL
the new financial law to manifest them
selves. A feeling of doubt increases that,
however prompt may be these results,
they will not avail to effect the continued
Drain during the week Of bank resources
In time to effect the Saturday bank state
ment. This being the case. that state
I1ent is likely to show surplus reserves
practically wiped out Tomorrow is the
date set for the disbursement OF quite
large amount of dividends. including that
of $50 per share on the stock Q! me
Standard Oil Company. The dividend
alone will amount in the aEEregateoto
$50, OOo, 600 Several million additional will
be disbursed as dividends on various
stocks. This may reasonably be expected
to have some effect on tomorrow money
market
To-day rates for money were firmly
held, but bankers We're eager to place
loans for the longer periods, while Dor
rowers were unwilling to bid Tor any out
short time loans, clearly rejecting the eN,
pectation of easier conditions near az
hand. FebruaryS record OF exports OIL
merchandise attracted attention as gong
far to explain the recent heaviness IN
sterling exchange in face OF large DE-
nands upon the market, and as promising
to make the current fiscal year a record
One In the country'S foreign trade.
Buying of bonds continued on a large
scale at advancing prices. Total sales.
par value, So. 033, 200. United states new
as declined u and the IS u in the bid
price.
100000 shares, including Atchison, 5;SGo'
5000; Burlington and Quincy. 2i.5!3: Rock
Island, 500; Manhattan, 6,64O; Missouri
Pacific 500; ST. Paul, 1U.42O; Union "a
cific. 1877: American Tobacco, 9,140;
Brooklyn Rapid Transit. 2c,4a0; Sugar,
59o45; Peoples Gas, 1873.
MONEY. AND EXCHANGE.-Money on
call firm at 41l515 per cent; last loan at
a. per cent; prime mercantile paper,
tGfsla per cent. Sterling exchange lrres
ulnr. with actual business in bankers
bills at 81 S59sa4. $50 for demand and at
81 s11s@4.S2 for sixty days; posted rates,
&. ssiS and 50. 81 : commercial bills. S4-Sla
Sn4 sSaI,. Silver certificates. GoA@6114, bar
Silver, 59s.; Mexican dollars. 4IA Gov
eminent bonds weak; State bonds strong;
,..,ilr bonds firm. -