Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-02-09
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.

NEW YORK, February S.-The market
succumbed to the Cuban scare to-day,
in spite Of London's Indifference to the
fears reflected by the New York ex-
change of a rupture between the United
States and Spain. The strength of
American securities in London was part
ly accounted for by the periodical set
Element of accounts on that exchange.
Prices were bid up sharply there before
the opening here, and resulted in SYM
pathetic rise in several international Sc
curities at the opening. Not only was
this the case, but when heaviness de-
veloped here London was liberal buyer
at the decline, and was very important
factor in sustaining prices during the
forenoon session. Americans were in de-
mand in other foreign centres, and from
Frankfort comes the report that they
were the feature and the sustaining
force of the market there. Denver and
Rio Grande preferred was the favorlte
with London. and 1t was able to hold
substantial gain to the close conspi-
cuous exception in this respect. Quite
number of stocks developed aggressive
strength at one time or the other during
the day.
Early weakness developed in the Union
Pacific stocks, and Norfolk and Western
preferred was keenly affected by proht-
taking.
The earlier weakness of the market
had been TO a large extent overcome by
the strength in special stocks when the
news was received of the resolutions
proposing Intervention in Cuba, wnicn
were introduced in the Senate. Tnls
broke the market in the final hour and
resulted in the most severe shaking UP
since the ordering of the Maine TO
Habana. The covering of shorts made
but feeble rally, and there was dis
position to renew liquidation before the
close.
The money market weakened veiy APP
preciably to-day, call loans being made
M 1 per cent Domestic exchange at
some interior points has turned sharply
against New York, and the withdrawal
of an additional 10 per cent. instalment
Of the government deposits Of the Union
Pacific payment is due tomorrow. BUT
those factors were unavailing to hold the
money rate.
The sharp rise in the sterling exchange
ofI1-4 cent I'm the actual rates and OF IL
cent I'm the posted rates is attributed d.
rectiv to the weakening of the money
market. Exchange bills are offered. how
ever at only IA cent above the demand
rate for delivery in April, and at IL cent
above the demand rate for delivery in
Nav. This indicates that the present
stiffness of exchange rates Is not ex-
pected to hold.
Dealings i'm bonds continued very large
to-day. but there were no Individual
transactions Of such magnitude as on
Yesterday. There was some disposition
10 realize in the speculative issues, put
the general tendency was upward IN the
early dealings. Prices yielded 10 some
extent, with the break In STOCKS Iotai
sales * 775.OOO. United States new As
advanced is bid
THE total sales of stocks were 3S3, AGO
shares including Atchison preferred, 25,-
$50: Chesapeake and Ohio, 5.OOo; Chicago
burlington and Quincy. 3S.0l5; Erie first
preferred. $40; Louisville and Nashville.
son. Manhattan. 11.720; Metropolitan
Traction. l2.5e5: Michigan Central, 5,6OS;
New york Central, 1891; Northern Pa
ciaS 5.5O5: do. preferred, Rl50; Chicago
Northwestern. 14,7i0; Rock Island. $40;
Ct paul. 1885, ST. Paul and Omaha.
? eo5. Southern Railway preferred, 6,O2S;
iInion Pacific. 2l,72O: American Tobacco.
4 DIG: General Electric, 1880; Sugar, H.
1853. .>,cr
Money on call easy at idl IL per cent;
last loan at 1 IL per cent; prime mercan-
tile paper, Sa4 per cent.
Sterling exchange strong. with actual
business I'm bankers bills at A-s5 IL for
demand and sSS IA for sixty days; post
cd rates. si.sids4S6 1-2; commercial bills.
4.S2 1-4Qs4s2 2.
silver certificates, IS 1-2d57 IL Bar sill
yer 1912. Mexican dollars, As Ia.
Government bonds strong. State bonds
dull Railroad bonds Irregular.