The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-16
FINANCE AND COMMERCE
THH CLOSING QUOTATIONS OF
MONLI.
Offerings and sales ut the Richmond To-
bscco ExchaDge--fnternalR Revenue
Collections--f Foreign Advances.

NEW YORK. FEB. l5.-To-days sharp
rally IA stocks Is 10 be attributed To the
covering OF short contracts put out IN
yesterday hurry. Buying was SAID TO
WAS heavy seller yesterday. Gcster-
days losses were more than recovered IN
most cases, Notwithstanding small
amount of business to-day. There was at
least one period OF general reaction dur
ing the day but % was OF short dura-
lion. aud declines reached small proper
tons. There was also proht-takiug an a
few special stocks. which did not affect
the general list 20 "a noticeable extent
American securities continued 90 be fav-
oritcs on the London Stock Exchange,
where prices of Americans were marked
up with 20 distinctly confident tone before
the opening hour. and London continued
% buyer here. even after the prices had
advanced to the London parity. Much
stress was laid on this. as indicating
definite change iu the attitude or the
British investing public toward Amerl-
can securities They were persistent SELL
ers Of American during an OF last sum-
met and during the subsequent rise.
which has been almost continuous since
November They are now buying Ameri-
can stocks no prices many points above
where they sold. This buying is regard
ID as the more signitCan. on account or
Tho rates Of money in london as com
pared with New York and t1c heavy
balance Of exchange stIl known 10 De-
outstanding iu favor Of this courtfF. IN
ttIlr spanish 2 uf'liUfh OF s'.tiT q.
strained relations between she United
States and Spain and American sccuri-
ties declined on some the continental
exchanges but London needed none or
these considerations. and continued buy
iug az advancing prices Fofeign FN-
change begins 90 reflect this buying and
demand sterling to-day declined a. and
cable transfers The same amount. There
were e. few losses shown by less con-
sDiCuoUq stocks brt the general level OF
prices at Tho close WAS very materially
higher. I'm Tho active list net changes ~
from to points were frequent.
Strength and activity in bonds increased
as the day progressed. Business In Texas
Pacific seconds was large. individcal
transactions iu heavy blocks az an ad-
vance of 90 point Total sales. 81 100000
United states old As registered. the new
fs registered. and the IS were = higher
bid. and the now as. coupon. - higher
The total sales of stocks were 81 700
shares including Atchison preferred.
o. 80. CHICAGO. Burlington and Quincy
90 40. Louisville and Nashville. 1880
Manhattan. 10 $50. Metropolitan street
rafiyav n 100 Minnesota and ST. louis
? 500. New York Central. 1910. Northern
Texas Pacific 300. Union Pacific. 6.22l
American Tobacco. @ $40. Consolidated
Gas s 1Gl Sugar. 10OJJ. United states
Rubber. TIL Western Union. 10 91.
MONEY AND EXCHANGE Nonov on
oau closed easy az NJ per cont: last loan
~ ~ per cent. prime mercantile paper
904 per cent Sterling exchange weak.
with actual business iu bankers bills at
49, "4S5 FOR demand ana at fS}d iS3t
Tor sixty davs. posted rates. $50 4SGh
commercial bills. iS2ts SILVER certificates
BARS lltf. Government bonds str5-R:
state bonds dull. railroad bonds firm