Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-02-19
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI.
NESS CENTRES OF THE WORLD.
Prtces Of Money, Bonds, stocks,
Grain, Tobacco, Cotton, Cattle.
Country Produce, &c, Foreign
and Domestic.
and Domestic.

NEW YORK, February 1s-The tone
OF the speculation was doubtful and hest
tating in Wall street to-day. and IT,
preponderance Of the days DEALINGS
IN Sugar and Changers Nearly 50 per
cent. of the total transactions were in
these stocks. Coupled with the fact thai
the total sales Of all stocks showed a
marked decrease from the recent aver
age. the large proportion absorbed by
these specialties formed a significant
commentary upon the condition into
which the market has fallen.
After the opening weakness. due TO
| sympathy with London and some other
foreign exchanges. had been overcome
1t looked as though the strength radiat-
ing from the Changers had prevailed
in the market, but the increasing weak
ness Of Sugar coupled with a fall in the
prices Of local New York speclalities in
the final hour, was decisive factor in
driving prices below last nights level.
The radical utterances made I'm the
course of the debate precipiated i'm tho
Senate on the Maine disaster all engen-
dered distrust in the minds OF SPECTATORS
and prompted liquidation. Business on
the decline was by far the most animated
of all the business OF the day
Gossip was rife as 10 the probable ac-
ton of the ST. Paul directors on the divi-
dend rate, the rumors all pointing TO an
increase. The absorption of this stock
was credited to a powerful financial in
terest. which was said 10 be selling out
its holdings of Sugar at the same time.
London supplied St. Paul stock freely.
and sold other international stocks here.
Rock Island responded to the action
of the directors in calling the debenture
and extension bonds, thus assuring the
stock the benefit of an early reduction
of fixed charges. The Union Pacific
Denver and Gulf securities were strong
on rumors that the reorganization in
prospect would bear easily on them.
Adams Express was an instance of
strength.
The bond market held firm. except that
some of the speculative issues yielded in
the late dealings. There were very heavy
individual transactions in the Union
Pacific As. the Texas and Pacific As. and
Rock Island extension As. Total. s4020.-
600. United States old As coupon were
Ia higher bid and the old Is registered,
the new As and the SIS. is higher bid.
The total sales of stocks were s5l 500
shares, including Chicago, Burlington and
Quincy. 1881; Louisville and Nashville.
1920; Manhattan l., 9,2i0; New York Cen
trail. 6.1S0, Northern Pacific preferred
10 $50: Rock Island. $3.50; St. Paul. 5.2l5;
Union Pacific, 1881; Union Pacific. Denver
and Gulf. 1890; Sugar, Hri; Western
Union 5,O52.
MONEY AND EXCHANGE.
Money on call easy at 1-40l IL per
cent: last loan at / ii per cent, prime
mercantile paper, 3Gi per cent.
Sterling exchange steady, with actual
business I'm bankers bills at $40 3-S for
demand and $4.S3Qs4.sS Ia for sixty days;
posted rates, $4slQ$i.Ss IL; commercial
bills, s4.s2.
silver certificates. So S-4d56 1-2. Bar sill
yer. 50 S-4. Mexican dollars, As IA.
Government bonds strong. State bonds !
o,,u Railroad bonds firm.