Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-02-25
NEW YORK STOCK MARKET.

NEW YORK, February 2a-The stock market
to-day was moderately active and dispialeo
quito q strong tone IN comparison WIN Isse
week and prices this evening are eeneralY
fraciionally better than az the close Friday.
one OF the most effecMal Of the causes when
acted 10 keep prices down was further drop IN
Tennessee Goa. nni iron, which was coupled WIN
tho continuation OF weakness In Louisville anu
Nashville. There seems % be nothing tho mat
ter with Tennessee coal other than that some
overloaded bulls are ondeavortug 70 sell Nnie
In limited demand FOR stock. The bears.
nnd no difficulty In taking the market
away from them. The decline In Louisville Is
q more serious matter. and though tho sellers
against the issue OF now stock undo 1btedly nave
realized upon their holdings, bears are no"
continuing the pressure In order % uncover
"stOp orders.' Great recupera'ive power WAS
shown 10y stock In the afternoon. and almost al
81 rs carly decline Was recovered. Inc news OF
the DAY was generally OF a favorable nature.
and mOney on the continent, As well - IN Lon
dou. was materially easter, although early prices
from London we're lower this morning. anectei
by the declining market of Friday. There was
undoubtedly heavy covering OF shorts In the
general LIST. white Tennessee coal and LOUISVILLE
were declining and the general market die
played a degree Of strength thai was very
gratifying 20 the average operator, ninoush
the improvement was devoid Of special move
meats outside Of tho late leading weak stock-,
Rock Island ami Chicago, burlington aud
Quincy, TO which WAS added sharp use ~
Chicago, st. Louis aud Pittsburgh preferred
amoQg spoOtAltles. Of course ne Ofdore 10 'H1
Missouri Paci0c werc attributed 10 Gould. Con
siderable irregulaIiy existed IN early dealings,
but the fractional advance was followed by
reaction which reached only small fractions ex-
ce9t IN coal stocks, IA which tho hears trioi 70
take advantage OF the weakness ot Tennessee
coal 20 depress A. The effort was with
out conspicuous success and prices again rallied,
while Grnurers were specially strong. Win mo
rest 81 the lisi following Tennessee coal drop
ped from OK 10 o. then 10 %, and later to 1l,
though IN TAO FINAL trading a recovery to on was
accomplished, t1c STOCK for tho nrst time slnco
the drop began scNmiug to receive some sup
port Colorado coal sympatnizei with tho de-
elmo IN Tennessee" 20 a limited extent AMI u,
also, recovered almost the whole OF ia loss IN
the rally OF the last hour The market was quiet
but nrm at the cose, with most OF the lat at or
near tho best prices OF the day. The nual
changes show largo majority Of fractional al
vanco4, aud Chicago. =. Louis and iitrourgh
proiorrod Is up2k, Burlington ard Quincy Ia,
and Rock Island ., while the only marked de-
cline IS per cons In Tennessee coal. rhlos-
listot ~ rNo harN- unlisted. 81. GOO sheros
Eu>uf11.--Excnange quiet and wax AZ 1914
~ Money cay a. 81 aiq. ~unTreasury bal
nncos COIN, Slh3,.,5 600. currency, t,@a.ooG.
Goyern,ncnts dull uud steady for Is, per cents,
Il..: tl. coupons, lOi% bid. ex Interest.
rnnd .. f .I. auN fatllrptn44