The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-09
FINANCEAND COMMERCE
THE CLOSING QUOTATIONS. u
MONEY.
Offerings and Sales at the Hichmcnd To
bacco ExchanEe-Infernsl Reeenne
OBSERVATION-DISCLOSURES Advances.

NEW YORK. Feb. s-The market sue
Cumbed to the Cuban scare to-day, IN
spite Of l.Ondon's indifference 10 the fea-
lures reflected by the New York Ex-
change OF rupture between the United
states and Spain. The strength OF Amer
lean securities In London was partly ac-
counted FOR by the periodical settlement
of accounts on that exchange. frices
were bid up sharply there before the
opening here and resulted IN sympa-
thctic rise IN several international Sc
curtieS 40 the opening. Not only was
his tho case. but when heaviness deNei-
oped here London WAS liberal buyer
az the decline. and was n very impOr-
iant factor in sustaining prices during
the forenoon session. Americans were IN
demand In other foreign centres and
from Frankfort comes the report that
they were the features and the sustain
ing force on the market Denver ana Rio
Grande preferred was the favorite with
London. and 30 was able TO hold q SUD
stantial gain 90 the close, a conspicuous
exception IN this respect Quite num-
her OF stocks developed aggressive
strength at one time or the other during
the day. Early weakness developed IN
the Union Pacific stocks. and NOrfolk ana
Western preferred was kecnly affected by
nront-taking The earlier weakness or
the market had been TO large extent
overcome by the strength In special
stocks when the news was received OF
lANNWnNAA~
Cuba. which were introduced In the SEN
ate. This broke the market In the iinal
hour. and resulted ga the most severe
shaking mp since the ordering OF the
Maine to Havana. The covering or shorts
made hut "a feeble rally and there was
disposition to renew liquidation before
tho close. The money market weakened
very appreciably to-day. call loans being
made at ! per cent Domestic cXcnansc
90 some interior points has turned sharp
NYrL h
drawal OF an additional 10 per cent. IN
stallment Of the Government deposits OF
Tho Union Pacific payment rs Que 10
morrow But these factors were unavail-
Ing 10 hold the money rate. The sharp
rise I'm the sterling exchange or hc. IN
tho actual rate and Of i2c. in the posted
rates IS attributed directly TO the weak
oning Of the money market. Exchange
bills arc offered. however. al only &c
above the demand rate for delivery IN
April. and al igc above the demand rave
FOR delivery In May. This indicates that
the present stiffness OF exchange rates
Is not expected TO hold.
Dealings In bonds continued very large
to-day. but there was no individual trans
actions Of such magnitude as on yester-
day. There was some disposition TO r'al-
fze I'm the speculative issues, but the gen
eral tendency was upward in the carly
dealings Prices yielded 10 some extent
with the break in stocks. Total sales.
$4,000. United States new As ad-
vanced - bid
The total sales OF stocks were 1888. 400
shares. including Atchison preferred %
$50: Chesapeake and Ohio. 5,O0J; Chicago
Burlington and quincy. 33Uj, Erie first
preferred, J.4gO. Louisville and Nashville,
Su20: Manhattan. 11.72O; Metropolitan
Traction. 1885; Michigan Central, 5,GOS;
View York Central n 307. Northern Pa
cihc J505: do preferred, II, $50; Chicago
Northwestern 14,74O; Rock Island. J,lIO;
ST. Paul II $50. st. Paul and Omaha,
= Cos. Southern railway preferred. 6O2s;
Union Pacific n. 40; American Tobacco
6216. General Electric, 1O15O; Sugar, H.
7j3.
MONEY AND EXCHANGE. Money on
cali easy at 1N1i9 per cent; last loan at
~ per cent prime mercantile paper 3d4
per cent. Sterling exchange strong, with
actual business in bankers bills at is0ia
for demand and AT 4S}Il for sixty days;
posted rates. 4S4d4S6la, commercial bills
1927 a4S2is. Silver certificates, 5G%g5l3;
bar silver. 5Ss; Mexican dollars. Az.
Government bonds strong; State bonds
dull railroad bonds irregular.