Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-02-05
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsi-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, stocks,
Grain. Tobacco, Cotton, Cattie,
Country Produce, &C., Foreign
and Domestic.

NEW YORK, February 4.-The remark
able buoyancy of a few special STOCKS
lifted to-day's stock market out OF a
slough Of depression, and closed the day
with net gains the rule, though there
were a few losses in exceptional cases.
Net changes were small in the general
list. but the gains in little group OIL
leaders were extraordinary.
The Erie stocks showed the effect OF
some unusual demand at the opening OIL
the market. and the first preferred end
ed with a gain of over points. Con-
nected with this i'm some way was the
movement in Susquehanna. The. pre-
ferred stock showed a gain Of points
on the last transactions, and the COM
mon stock one of 31-4. There was no
thing in the news of the day TO explain
these movements. -' OF
The Vanderbilt stocks held the CEN
ire of the stage, on account OK the ac-
ton of the New York Central directors
I'm authorizing an isAue OF SlOO.Ooo'VOo col
lateral 3l-2 uer cent. bonds 70 erect d
consolidation with the Lake Shore Inc
formulated plan closely agrees with the
announcements hitherto made. A quota
ton for the new bonds when issued was
promptly established on the Excnahge,
e5 being bid and 81 asked. the price %
Lake shore and of New York Central
vayered somewhat in the face or pront-
taking on the announcement. which has
been amnly discounted. But Michigan
Central bounded up buoyantly over
noints. on the belief that 1t would ulti-
mately be included in the consolidation
I'm nrogress. Canada Southern also bene-
dted TO the extent Of over point.
Norfolk and Western preferred Is up
about points, and was bought largely
in this market to-day, for LONDON ac-
count. This stock was anecteu py inc
reported authority granted 10 II 70 Gun
struct a branch through virginia 70
washington. and by the generai I'M
,',o,,aroent in its financial condition.
60 Northern advanced an addition
=, no,nt this morning. but reacted
noints. TO 16O, and at the close was
nnoted AT 155 bid and 159 asked. Manitoba
jumped 2 points, to 100.
Tha late strength Of the market
brouqht a number Of gains in the gene
~oI lief I'M 10 about a point, ana re-
duced or wiped out declines In num-
49, ~ stocks that had shown early
heaviness. ~
feature of the day was the con-
tinuad advance in foreign excnanBe'
hased on the easy tone OF the money
market. .,.,,o <o,,,ro
Tbere was no very noticeable failing
on in the activity Of the bond market.
No very important gains were SHOWN
but nrices were firmly held. Total sales
g.. go 900. United States new tours were
up Ia bid. %, an
shares. including Baltimore and ONO
"a. Canada Southern, 7,i25; chesapeake
and Ohio. s,595: Chicago burlington ans
Quincy. 1855; Erie first preferred, ro'SSl
louisville and Nashville. 5.SD; Manhat-
tan L. 1896; Michigan Central, 64"i
Missouri Pacific. 6.7SO; New YORK Cen
trail. 14.4O5: Northern Pacific preferred
q. 4S5; st. Paul. 1S,4S; Union RACINE W
s35: Western Union, 6.SOo.
MONEY AND EXCHANGE.
Money on call easy at 1-2gl "a pee
cent: last loan at IL S.r cent; prime
mercantile paper, Sq4 per cent.
sterling exchange firm, with actual
business In bankers bills at AS l-sa
"A Sc Ia for demand and A.SGH.S l-s LOT
sixty days; commercial bills' A.s2Q
S4S2 H. ooo--,o DO. eli
- Es1-9 Mexican dollars. 45 Ia.
co,or,ment bones firm. State bonds
dull. Railroad bonds firm
BANK CLEARINGS.
The total bank clearings In the United
c,ates for the week were sl,f1o'5voS2si
,,er cent. increase. 400; exclusive OF New
York. s5os, $40. $40; per cent. increase lh''