Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-02-26
Mean temperature.....- .............5
NEW YORK STOCK MARKET.

NEW YORK. February 25.-The bears
were more aggressive at the Stock EN-
change and their increased activity ana
the consequent decline I'm prices was due
10 the passing Of the Canadian Pacific
to tn. non-dividend-pay wing list. the prsctl-
cal defeat of the Patterson pooling Dill
and the firmness Of sterling exchange the
posted rate for demand bills having been
advanced 20 StN - The actual rates
are now higher than at any time since
the bond syndicate began its operations
and the selling figures are close 10 the
gold exporting point.
The action Of the Canadian Pacific IN
passing the dividend on common stock
created quite a bearish feeling In Lon
don. and the foreigners came in as sellers
OF over securities right a the opening.
Some authorities place the sales at fuily
9oCO shares. principally 81. Paul ana
Louisville and Nashville. The bearish
feeling abroad was intensified by rumors
that the st. Paul will also pass its divl-
dend The directors. however do not
meet for fully three weeks yet and while
nothing definite has been decided on
usually well-informed parties believe that
the old rate will be maintained.
There was some selling OF the general
list on rumors Of an extra session OF
Congress. belief obtaining IN some
quarters that the Appropriation DIS "lll
fan because of lack OF time. and that the
President will have 70 cali the new Con-
gress together If only TO enact these
measures. -
Canadian Pacific naturally LED the list
in point OF decline. the stock sellns doWn
NI-2 To a. only GO shares having been
traded in The decline In the usually
active issues was equal 70 l-fal - per
cent. Delaware and Hudson dropped
| J-s: sugar. | Is. Baltimore ana ONO
/ IA. Burlington and quincy, ~; Nhlcd 4
Gas. / SIS: Northwestern ~; - Paul
IS. General Electric. ~; Louisville ana
Nashville. / 3-S; Manhattan. Is: Mis-
souri, Pacific. "a; Jersey Central 3d. ana
After the publication Of the ST. Paul
statement for January, which shovel
net Increase OF $4,000, the Changers I'M
proved and a rally Of l-lll-s per cem,i.,;;
followed Railway earnings generally
were a little better. quite "A NUMBER 81
roads reporting for the third week OF
the current month showing fair lncrea So.
The Kansas and Texas gained s5lb' tor
the perlod named. and hair an dozen or 20
smaller systems anywhere from S"p 70
$1,000 Wheeling and Lake Erie preieritu
dropped 81 10 3JH5J 1,S. ,.. ",
Speculation closed about steady. Nct
changes show losses OF l-i1tl is per cent.
Tohocco gained 81. Southern Railway
nreferred SIS. and COrdage Ii per cent.
The bond market was irregular, y.
sales of listed stocks aggregated lloUv
shares: unlisted. 22O00 shares
MONEY AND EXCHANGE
Money on call has been easy at 10 per cen.
las, loan at w per cent. and closing oueren ~
liz per cent Primo mercantile paper' ~
Bar silver, 6Onc. Mexican dollars 4sc';
Silver At the board. 60tsc.. bid.
sterling exchange arm, with ectual pus'-
ness In bankers bills st - S7at4sI4i lot sih.,
daysn s4ssysas4. sSA for demand; poster
rates, s4s7t.as4s9b: commercial pihs
Govarnment bonds firm. State bonds dull
Railroad bonds irregular.
STOCK QUOTATIONS.