The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-04
FINANCEAND COMMERCE
THE CLOSING QUOTA1IONS OF
MONHI.
Offerings and Sales at tho RichE,ond To-
bsoco Exohange-InternslR Revenue
Collections Foreign Advances.

NEW YORK. Feb. 3.--The strength OF
tO-daya stock market was Cnnncd to
Spots. and tho general tendency continued
toward lower plane on rcanzng sales.
Pressure by the bear traders was marked,
and The outside support afforded by buy
ing orders through commission houses
was considerably less hero was "A
strong tone in a few Individual socks,
and advances Ia others We're brought
about b. manipulation. London alsO
bought some securities here. All causes
combined, however. did not avail TO main
tain prices IN the general list. and the
average level Of the market sagged to
lower basis. Tho most conspicuous
movement OF the day was In Great North
crn preferred. which added II more points
40 It's recent upward course, making It's
gain thus far Tor the week 26 points. The
supply OF this stock IN the street at any
lime Is exceedingly light, and urgent de-
mand Tor even a small volume raises the
price very quickly. Baltimore and Ohio
also showed continued strength. ground
% on vague rumors OF the approaching
completion OF the reorganization plan, Tor
which there was no authentic warrant
Common and preferred advanced over
point at one time on the dividend declarn-
lion. the buying OF the stock for London
account being particularly good. Almost
ail OF the gain was lost In "a late reaction.
The cOalers were favorabiy affected as
group by the prevailing cold weather
but they failed 10 hold their gain. Rub
her preferred enjoyed an advantage
through the current demand for over
shoes created by the storm. Tho van
dcrbllts were strong at times. Michigan
Central being brought into the talk OF
consolidation. Sugar also ruled above
Yesterdays closing price. Union Pdcihc
preferred was very largely dealt IN, ana
rose sharply over last nights close. but
fen hclot the close The activity OF the
market showed considerable falling on
from the recently prevailing average.
The active interest in the bond market
was much better sustained than In stocks
and prices were better held, the general
leyei being higher. and some sharp gains
being scored. Total sales S1OlOVp.
Government bonds were strong All
around United States seconds advanced
T. the new As the SIS and the old rs,
registered. q. and the old As coupon
~ bid 80 80,
The total sales Of stocks were 200 600
shares including Baltimore and ONO, u
Gao. Louisville and Nashville. 1921. Man
haitian. 1222j. Reading first preferred.
2u370. Missouri Pacific, $50. New YORK
central n OBS, North American 'om-
many. $500. Northern Pacific. 5.j20. do.
preferred. 1910. Reading, 1910; 81. Paul,
1886. Consolidated Gas, lo.l93
MONEY AND EXCHANGE.-Money on
can easy NJ 1lgn1% per cent; last loan,
~ per cent. prime mercantile paper,
.Gl per cent. Sterling exchange firm,
with actual business In bankers bills at
49,. for demand and at 1929 n4s2's for
sixty days. posted rates, 4S3i20 1856: com
incrcial bills 4S2 Silver certificates, J5h
ff57i,. bar silver Jf1. Mexican dollars,
al, Government bonds strong. State
bonds dun. railroad bonds strong.