The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-18
FINANCEAND COMMERCE
THE CLOSING QUOTATIONS y
MONEr.
fier ings and Sales at the Richmond To-
bscco Exchange internal Revenue
Collections Foreign Advances.

NEW YORK. Feb. 1.-THE most i'm
portant factor In connection Nnh today 8
stock market was that the heavy hqIi"a-
ton OF yesterday was not resumed. lh,fe
was aggressive pressure from bears 81
times. but they rofrained from icrving
their contracts open, and their c'V,fn6
before the close brought pieces back 10
near the high level OF the day Net GAINS
resulted. fractional for the most rirt.
but extending to point in some caSes.
Quotations received this morning from
London showed the prices o. Americans
there substantially above ths prices here
last night, but That simply meant that
declines from Yesterdays London closing
had not fully recovered yesterday after
moons heavy declines here after London
had closed. The buying IN London, which
served 90 sustain prices, was on cabled
orders from New York. and represented
the covering by shorts put out In TINS
market The opening here was at or
above the London parity. but the prices
yielded Immediately after the opening on
liquidation sales through commission
houses Support was forthcoming before
they fell 10 last nights close. ana the
market rallied. but fell TO the lowest be-
fore noon on the disQuieting reports eina-
mating from Key West that evidence had
been destroyed by torpedo exploded OUT
side the ship. The selling on this report
was quite large. and the level Of prices
was carried substantially below last
nights close. but the subsequent rally
indicated that these sales We're largely
lv bears who were not sure Of their posi-
ton. In fact. the whole days market re-
Elected "A doubtful frame Of mind on the
part Of the speculative public and DIS
position 10 pursue waiting policy. some
degree OF subsequent speculative interest
was doubtless diverted TO the wheat mar
ket. Yesterdays declaration n the Bur
lington's dividend rate and other actors
of yesterday were quite lost sight n to-
day. Minneapolis and St. Louis showed
resumption Of strength on buying. slid
to be for control. The doubtful condition
Of the speculative mind was reflected IN
periods Of intense dizziness during the
day.
The bond market showed weakness in
sympathy with the midday break IN
stocks. but closed strong and generally
higher than last night. Total sales.
$500 OGO. United States new - ard
the old As, coupon, were y lower lnd .
the old As. registered, = lower, ara tie
The total sales Of stocks were 41s.1OO
shares. including AtchisOn preferred,
5000: Chicago. Burlington and Quincy
% 60: Louisville and Nashville. 1850;
Manhattan. s.s2J. metropolitan Traction
10 100. New York Central, 5000. North
American. 1908: Northern Pacific. 1000.
do. preferred. 1913. oregon Short Line,
5000: Rock Island. II $50; 81. Paul. 30
$50; Union Pacific. 1908; American To-
hacco. 1898; Peoples Gas $3.50; Sugar,
81. 2sS.
MONEY AND EXCHANGE.-Mon on
call at 1ha1M per cent; last loan AZ II!
per cent; prime mercantile paper, 3H4
per cent Sterling exchange dull and
steady. with actual business in bankers
bills at 4sjhmiSjh for demand and ASA
4s3H for sixty days. posted rates 4N4n
4SGJ3: commercial bills. 49,. Silver certiii-
Gates. 55aGJ6isc: bar silver SO: Mexican
dollars. a.. Government bonds weak,
state bonds dull railroad bonds firm.