The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-03-22
DEALINGS SMALL:
PRICES SLUGGISH J |! [ ] j! J.
3Mopday's Late Rally Dissipated
in First Hour Yesterday aid
Not Recovered.
IRON STOCKS SILL RISING !.
BRunnors 81 Big Southern Merger
Agar, Flooding Market.
Dividend Prospects.

Inv Associated Pre.s.)

Il A &
NEW YORK, March 2l.4The ma PROVING
{. iimits Of speculation was a fnct clearly de-
!. fined blythe days events In tile stock mar
ket ana I'll is generally believed that the,
money outlook Is the factor making Tor
restrictions. Not only was tho volume of
dealings largely curtaicd, but the move
mont of prices was sluggish and uncertain "
The hopo that yesterdays late and strong
4 rally marked n resumption OF the upward
movement did not last longer man me
first hour8to.day. Profit.taklng was free-
3iy In evidence, and there was no ~ 10 o.
stantial demand to follow the slight OPEN.
ing advance In prices. Industriais ana
spccHltles made I'D the largest part 81
the days showing OF strength The South
ern iron merger report was revived In i run
vlgor, md the railroad equipment stocks
werc stu responsive TO the brillia Mt bus.-
ness prospects In that department. OF y In
dustry. There were many formulated
rumors that dividend tcsumptions an, ANY,
E eventuatcd IN the Tennessee Coal d l',.-
$dend. The corn products stocks We're ~
contrast TO the rule and snHcrca tio ~
expressed doubts OF the maintenance 81
the dividend Justified. MS the ma rlset
e closed, by the announcement of a rcduc-
n ton. Sugar REFLECTED the shutting down y,
or Its principal rehnery was SAD i ma,
Pennsylvania was king over n tctll !. y.
The purpose Of gtiarantecin & q q, ,tlye
per cent. dividend on hat stock I me-
we're vague jntimations Of an immediate =.
dividend to be Forthcoming on Southern
i Pacific. The Cilcsa peake aud Ohio. move.
81 mcnt nj so was connected with dividend
4 r,.InOrs. The easier tone OF the cal money.
market was attributed 10 the PA sslng o.,
theSct1ccts5 OF he government = VII hdra v
d oils of dtposits from the banks las week;
Il Time money was appreciably firm &and
4: interest rates In that department we're
%liftcd3a fraction. The belief was strength
cred that money y rates will shortly rdeil.
3 mid speculative ardor was cooled accord,
= tngly. Something was made of progressed
5 {enrs OF foreign complications growing
a out OF Venezuelan q fairs, but the growing
weakness OF the narke { was moro gsilei--
4 ally attributed to- Disappointing over.
a " tis weak and a the lowest OF the day.
III .sJflus were Irregular. Total sales p u
value 81, B35, Od0 United States bonds were
all unchanged on call ~ ts5 81
The eptal sales OF stocks a mounted 10
ola 100 shares.
sss MONEY AND EXCHANGE --CLOSE
Money on call steady at 3ft3 1.2 per cent:
closing bid, IL per cent. !: offered at 9 IL
ninety days. 3 1-4Si3 "a cent; six
months. l-2a3 81 per cent: prime mer--
& camille paper. 3 3-tG4 1-eS per cent. Sterling
exchange weak with actual business IN
bankers bills IN / s .s5.f5G4.S6 for demand
and al 81 s.ana4. 81 for sixty day bills post
cd rates. s.s5 and s4.S1;8 commercial btls.
B sI,s3a-4 Bar silver. IS Is: Mexican dol
5lars.s IA 3-4.8siE Government bonds steady:
railroad bonds Irregular! sf q.
4. - 80