The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-05
FINANCE AND COMMERCE
rHE CLOSING oCOTATfoAs or
NOME.
Onerincs and sales ut the Ricbmord To-
bReco EschaDge-Intcrnal Revenue
tolieciions-f Foreign Advances.

NEW YORK. Feb. 4.-Thc remarkable
buoyancy OF few special stocks lifted
to-day stock market out OF slough Of
depression and closed the day with net
gains the rule. though there were a few
losses in exceptional cases. Net changes
were small Ina the general list. but the
gains Ira The little Croug OF leaders were
extraordinary. The Erie stocks showed
the sfcct OF some unusual demand at the
opening OF the market and the first pre-
lcrrcd ended with gain of over points
Connected with this IN some way was the
movement In Susquehanua. The pre-
fcfrcd stock showed a gain OF four points
on the last transactions. the common
stock Of 3it. There was nothing In the
news Of thc day 10 explain these move
menis. The Vanderbilt stocks held the
centre OF the stage on account of the ac-
ton Of the New York Central directors
~ authorizing an issue OF 1OoOO0.eO coli
lateral 3is per cent. bonds 10 affect a
consolidation with the Lake shore The
formulated plan closely agrees with the
announcements hitherto made. 4 quota
tion for the new bonds when issued was
promptly established on the exchange, -
being hid and ~ asked. The price OF
Lake Shore and OF New YORK central
wavcrcd somewhat i'm the face OF profit
taking on the announcement which mas
been amply discounted But Michigan
Central bounded up buOyanily over lour
points on The belief that IL would ulu-
matelv Doe included In the consolidation
iu progress. Canada Southern also behe-
ntcd 10 the extent OF over point Sor-
folk and Western pfd Is up about two
points. and was brought largely IN TINS
market to-day for London account ms
stock was affected by the reported au-
thority granted 10 IL 10 construct
branch through Virginia TO Washington
and bv the general Improvement In IT'S
financial condition. Great Northern I'D
vanccd ana additional pont-ihis morning,
hut reacted then points 10 100 ana az
The close quoted loo bid ana l'1 aak1n.
Manitoba jumped . points 10 10. ne
late strength OF the market brought a
number of gains I'm the general list up 10
about "a pOini and reduced or wiped out
declines BOO a number OF STOCKS thal hao
shown carly hcaviness. y feature OF INC
dav was the continued advance I'm Tor
cian exchange based on the easy tone
of fhs money market. There was no very
noticeable falling off IN me agtNlly OF
tho bond market. No very inporlailt
Gains were shown. but prices were iirmly
hold Total sales. Sj63o.op United
stafcs new fours were up . bid ..
Tho total sales of stocks were G4,-pJ
shares. including y. and ." $500: Can
ada Southern, 49,; {. and o. 1.199' =.
and y $50: Man L., 1890; Michigan
ccutrai G471. Missouri Pacific, 6.EO, n.
y a. Il 4O5. Northern Pacific, pfd, IL
As. St Paul. 10 ISL, Union Pacific ~
$50 w. L. b,''H-
Tho total bank clearngs in the United
States for the week were 81 41o.3p IS ,
nor cent. increase. 4OG; exclusive OF New
York. SlNG.37OG2o; per cent. increase lat
MONEY AND EXCHANGE Money on
call easy. 14N1M per cent. last loan. IA
prime mercantile paper, 30i per cent.
Sterling exchange, firm, with actual bus
ines, I'M bankers bills at 4.S5is04 Sji4 for
demand and at 1894. S3iN for sixty days
commercial bills 4.s2a4S2l2. Silver ser
uncatos 5Ga<0j7i5 Bar silver 6i2. Next
can dollars 4ji4. Government bonds
nrm: state bonds. dull; Railroad bonds,
firm