The times. [volume] (Richmond, Va.) 1890-1903, 1897-02-19
FINANCE NDC0MMERCE
the CLOSING oU0rATIoNs OF
MONEr.
Offering. and sales at the Richmond 10
bzcco Fxchangc-internsi "c'o""'
CoIIec,ions-TorciGn Advance

NEW YORK. Feb. 1S-Anairs az inc
Stock Exchange were not only character
lied nv extreme duIncss. the sales loot
inc nm only rs O3i shares. but an unsct-
tied feeling prevailed throughout the scs-
sion. II goes az most without say no
that the dealings were almost cnnteiy
professional and even these operators
refused 10 20 into new ventures on an
extensive scale. In the main, the III
dusfrials were nrmor, while the Railway
list gradually drifted TO lower level
There was a steady dribbling OF the
crancers. although nothing new de-
veiopcd on which n selling movement
could be predicted. The bears reNanPeu
no old story about probable reduction
in the Burlington dividend, put as
matter OF fact. nothing definite ~ known
in regard TO the matter. ass the directors
refused 10 commit themselves, and say
that they themselves are ignorant as ~
the action 10 hc taken. NeNertheitsai
the stock declined about a point anu
closed al the lowest. and st. 1aul 1iIu
Rock Island ruled lower, In syinpd'hy'
More aggrcssivcncss was shown IN V1ac
OF tho COalcrs both bituminous anu ol-
thracitc In addition 10 the unsd tlaia,
%. = condition Of these industries w "
luminous stocks were unf8vorabiy aHecl-
ing Valley bonds. and reports thnt no
provision has vet been made Tor the inter,
est on interest due March list II IS salu
q plan Us being devised whereby thr ~ .,,
,,one-tciu he purchased by bankers ldenti-
ned with the property. Hooking Nahey
common declined 1hs 10 5is ana the pre-,
fcrred was offered al 70. the last reported
sale having been az 40. Inc y anu con
sol IS dropped 4nG per cent. wheeling
and Lake Erie fell x 10 ~ and preferred
gik 10 10 the lowest figures yet touched.
Among the Anthracites Jersey Central
was the feature and declined : poinls 10
qGa. ON regular and 90, seller 60 Iheie
was a rally OF nearly l per cent. IN the
late dealings The Gould stocks con-
finued fevcrish and Manhattan huctuated
between So and S6at with final sales NJ
81 RumOrs are still rife That rcduc-
ton in the dividend rate = contemplated,
owing partly to prospective expenditures
fOr improvements, and also because OF
the floating debt Missouri racine ue-
clined x 10 1871 and rallied 10 1875. sugar
rose 10 1Iff5 on the announcement ihtt
certain grades Of refined had been adj
vanced lice. but the Improvement was
Afterwards lost The foreigners were
moderate sellers Of interest stocks. The
market closed weak. Net changes snow
leading. American Spirits and Leather
preferred. however gained hnN per cent
bonds were irregular. The sales footed
up 81 100000.
MONEY AMI l.A'fN-N'h>, W 80 ~.
call easy nj 1k01as per cent. last loan M
~ per cent. and closing ~ per cent.
prime mercantile paper. per cent Bar
silver. CAS- Sterling exchange steady.
with actual business IN bankers bills al
4e564S5h for sixty days and 4o1 for de-
mand: posted rates. 4Sji4a4Ss. CONNER
ciai bills. 4S3INiSfi3. Government bonds
.fcadv state bonds dull Railroad
bonds irregular. Silver az the board was
neglected. 80
TREASURY BALANCES. Coin, Sl2j-
301 O39; currency. SIS. s05,OO3