The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-02
FINANCEAND COMMERCE
TUE CLOSING QUOTATIONS or
MONEI.
Offerings and sales ri the iiehmond To-
bacco Excbange-internal Revenue
Collections Foreign Advances.

NEW YORK, Feb. 1.-The stock market
to-day had load Of liquidation 20 carry
stll heavier than of yesterday, ana theIc
were fewer prominent stocks 20 eNefl
sustaining force by special strength; INC
heavy offerings were We'll absorbed anu
declines for the most part conhicu 20
fractions but are very general FOR a
time after the opening there seemed 10
lo no dminution from yesterday @c-
thity. Later prices began 10 yisia uhHot
fhc weight or continued ouefihksi puN
the pressure was not great. ana the mar
hct fCll into oullncss. h0iutla appaltlN1
being content TO await rally 10 continue
the liquidation. The rallies were heipea
lv the continuing strength number OF
stocks. especially Union Pacific ana All
its securities The strength or tnes'
gained during the day and TINS STOCK
closed at the highest az a net advance
uf over "a point Baltimore ana ONO
showed early weakness, bat rallied ~
on an unauthorized assertion mat the
Organization plan had been agreed upon.
Upon the denial Of this the stock fell
away. but closed with a small net gam.
rho Chesapeake and Ohio and coal foaos
gave evidence OF strength on better OUT
look for the coal traffic ana report OF an
agreement amongst them for It's oisiriou-
lion. Dcs Moines and Fort Dodge maze
a conspicuous movement or IS per cent
There were some very marked gains also
amongst usually dormant STOCKS, sucn @s
Great Northern preferred, Chicago ana
Eastern Illinois preferred, CieNeland, -
o. and st. Louis preferred, Adams tx
ferrcd. There were periods OF strenE' D. pm
other stocks during the day, but the order
was pront-taking. and This tendency tA-
tended even 10 Northern Pocihc preferred
upon which there was a quarterly dlNi-
dcnd of I per cent, declared late IN the
day. London bought some stocks carly
IN this market sold more later, Whlch
probably had am influence In giving
somewhat sitter tone to the exchange
market 10 is 90 be noted. however. mat
"a part of the cash from the interior which
is being received IN New 1ork IS que 20
rcmltfancCs ON account of Australian gold
received at san Francisco 10 the order
Of New York houses There was notice
able growth OF activity In the CONNER
cial paper department Of the money mar
ket to-day. the supply showing decided
increase but without any OuOtable effect
on the rates The rates for call loans
worked 10 "a lower basis I'm spite OF the
withdrawal OF the second 10 per cent. in
the statement OF the Government de-
uosits for the Union Pacific payments.
This withdrawal was called tomorrow,
but most of IL was made to-day
Tn the bond market the kaf0s Pacific
consOls were the most conspicuous fea-
turc. with am advance of per cent. 10
11%. Other bonds Of the Kansas Pacific
advanced | TO points on the belief that
they would be Included in the Union
Pacific reorganization. The bond market
generally showed "a continuance Of ac-
tivity. and prices continued TO advance.
Total sales. $4,000 United states new
as adv anced u bid.
The total sales OF stocks We're 4Ol 100
shares including AtchisOn preferred To-
ITO. Baltimore and Ohio. 1l6lJ. Chesa-
peako and Ohio 270O6: Chicago. Burling-
ton and Quincy. $50. Louisville and
Nashville 1000. Manhattan, 3093s Met
ropolitan Traction. $3.50. Missouri. Kan
ses and Texas preferred. U.s.. Northern
Pacific. 13.22S. do. preferred. 80 277. Hook
Island, 10 GO: ST. PaIl. Gf5. Union Pa
cihc. G2.9}O: American Tobacco. 10 so.
Peoples Gas. 1890, Sugar 9.4o7, Western
Union. 10 34A
MONEY AND EXCHANGE Money on
call easy at 1ilNlA per cent. last loan
~ ia per cent. prime mercantile paper
304 per cent. Sterling exchange nrmer
with actual business i'm bankers bills at
4S4& for demand and at 4S2isW 4s2H for
sixty days; posted rates. 4S3nfS3h and
certificates. 5GH057H: bar silver 5GH:
Mexican dollars 4JIi. Government bonds
strong: state bonds dull, railroad bonds