The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-17
FINANCE AND COMMERCE
INN CLOSING QUOTATIONS or
MONEY.
Offerings and Sales at the Richmond To-
bacco Exchange internal Revenue
Coliections--Eo reign Advances.

NEW YORK. Feb. i6.-Trading was re-
markedly fcvcrish on the Stock Exchange
to-day. and all interest conferred IN the
disaster 10 the Maine Ina Havana harhOr
and in the possible International conse-
QuencCs 10 cannot be said that the vary
ing phases az the speculation during the
day represented any change of opinion
as 20 the very grave possibilities with
which the disaster is pregnant The Oc-
casional checks 10 downward course OF
prices were rather the results OF qucs-
uons in the minds OF large operators as
to their ability 90 hold the market or the
best way in which 90 effect the liquidation
Oi their holdings. Twice during the day
very powerful support was forthcoming in
the market Co check the decline and 10
combat the successful raid OF the bears.
That there was very large short selling
during the day was evident from The
strength OF the rallies. caused by the COW
cring OF shorts when the turning point
at the low level was reached. This was
particularly noticeable IN some Of the
greatest faVOritcs of recent speculation,
which have been pushed up 10 prices
hardly warranted by their Intrinsic value.
The knowledge possessed by the bears OF
very heavy speculative holdings I'm those
stocks covered boy light margins gave
them confidence IN herccly selling them
down. The support of the bulls no sooner
Elected check 10 the decline than real
icing offers began Co come out again.
There was au abundant supply OF long
#INIh NfU INTO the ulNiktk tiAl itA lWAihf
and ~ was evident that the buns hdd
abandoned AN immediate campaign for
rise as hopeless. How far the specula-
tive holdings for "a rise were lquidated
to-day remains TO De seen. 10 seems sum-
ciDntly evident. however. that as soon as
this HuuldatiOn can De- concluded prices
of securities viii be- LEFT for the time be-
ing 20 their natural level Stocks that
have been free from recent manipulation
for "a rise were comparatively firm to-
cal "a N
notably oregon Short Line. was even ag-
crcssiVCly strong. rising at one time SIX
points. This was on reports OF the large
traffic opening up for Alaska. Great
Northern preferred gained points, ana
Denver preferred showed comparative
frmncss Kansas and Texas preferred
also rallied 60 last nights ieNel Fioie
The close. otherwise the fluctuations I'm
stocks was only question OF degree. me
local traction stocks We're all severely
handled. Metropolitan street railway rail-
ing al one time 9i5 points, and closing
at q loss Of 8 points Nortoik and west
om preferred was rMdtd down nearly
d points 40 ono time. hut closed at re-
covcrv Of over . Northern Pacific pre-
ftrred also yielded at one time @i, but
recovered sharply Net declines of
points and upward are very numerous an
through the list.
Ronds we're heavy I'm sympathy with
stocks but declines were not so severe.
and the market was not as active as that
for stocks. Total sales. Silutpp. lmied
States old As. registered, new as. regis
tered. and the rs were 1,c. lower bid
to-day. and the rev As. coupon, l4c
lower.
The total sales Of stocks were 535,200
shares. including Atchison preferred,
aGio. Chicago. Burlington and Quincy,
$3.50. Louisville and Nashville. 1870.
Manhattan. 29.63O. Metropolitan street
railway 2253O. Reading 1st preferred.
12i2 Missouri Pacific 5.5so. New A0rk
Central. 1880. Northern Pacific. $50;
TO- preferred 2062O. oregon Shore Line
APPS. Rock Island, 1870, 81. Paul -
$50. Union Pacific. rs 500 American To-
bacco. 12O3O. Bay state Gas 1880. Peo-
pics Gas. n 800: Consolidated Gas. S2lO;
General Electric G.13j. Sugar 2922l;
Western Union, S.lO2.
MONEY AND EXCHANGE Money on
can easy at an. per cent: last loan
H. per cent. prime mercantile paper. 3ni
per cent Sterling exchange steady, with
actual business in bankers bills at 4N1l4H
1874. for demand and at 4h}WiNj4 Tor
sixtv DAYS. posted rates 4Sin4S6l2. COM