Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-02-28
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NEW YORK STOCK MARKET.
NEW YORK, February IA frmer
tone characterized the trac-.ng at the
Stock Exchange until near the close OF
business. when there was little shading
In prices, due to the advance In The posted
rates OF sterling exchange TO Sass and A9o
by one OF the leading drawers. The con-
tinued strength Of the exchanges Is keep
ing operators on the anxious seat, and Is
leading to rumors Of gold exports, as the
actual rates are up 10 the shipping point
Nothing tangible has developed as yet,
and according to good authorities the
bond syndicate will attend to II that no
shipments of the metal will be made.
During the greater part Of the day ope-
rators ignored the firmness of sterling
exchange, and the stock market ruled
strong. The strength IL directly traceabie
TO the efforts OF some Of the shorts to
get back their contracts put out yester-
day on the theory that the recent bearisn
demonStration would Induce liquidatlons'
Except in the cases OF New York Central.
which ran off IL to 81 ID, and Northern
Pacific preferred rs. to IL. the mark
showed an improving tendency until quite
late in the day. Fears of q heavy as
easement account for the weakness or the
latter. London sold the stock. as well az
Louisville and Nashville and New YORK
Central
The improvement in the general market
was equal to l-ia3-4 per cent. Jersey
Central rising 3 ia, Northwestern 30.
Lackawanna |, Susquehanna and Western
preferred H. and the other active rall-
way issues anywhere from is TO SIS per
cent. Near the close Baltlmor. and Ohio
dropped IA. TO SIS, on rumors that the
bituminous coal trade along the line of the
road was in bad shape Missouri Pacific
first rose SIS to % is, and then dropped
to IS S-4d19 ~ 1t is proposed TO fund the
floating debt by the Issue of per cent.
collateral notes.
The Industrlals were more prominent.
Tobacco jumped 3 1-2. to 81. IL Is reported
that the larger owners OF the company $
stock will meet In this city tomorrow.
and important developments are expected.
Sugar was strengthened by purchases to
cover short contracts. Distilling and Cat.
| tle-Feedlng ran up to IL H. II IL stated
| trat the leading interests I'm the property
have agreed 10 the new reorganization
| plan. and that the new bond Issue has
been underwrtten. United states Leather
preferred dropped IA. to 5sa5s IA. The
| common sold down | "a. to 747 IA. Con-
| siderable disappointment was expressed a'
| the smalness OF the dividend on the pre-
| ferred.
| In the inactive stocks Consolidated Gas
rose 2. to 1874; Canadian Pacific l IL. g
! u "a. and Ray State Gas 3-s, TO is Us
| Michigan Central declined 2 IL, 10 ~ IL:
! The market closed about steady. the
advance in sterling having led TO som,
selling TO realize profits. Net change
| show advances of l-tu3 per cent. I'M
bond market was higher
| The sales OF listed stocks aggregated
| 20. coo; and OF unlisted. 1900 shares.
MONEY AND EXCHANGE.
| Money on call easy at | IL per cent
| last loan at | IL. and closing offered n
i-2 per cent; prime mercantile paper
Bar silver, 60 S-s Silver at the board
co 1-2d6i.
Sterling exchange strong. with actua
| business I'm bankers bills at A.S lac
4T IL for sixty days, and siS9 for de
| mand: posted rates. ASa4D; CONNER
cinl bills, As6 l-2ni$ 3-4
| Government bonds easier. state pohd
dull. Railroad bonds weaker.
Treasury balances: Coin, ss7,3ss, 900; cu'