Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-02-04
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain. Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic,

NEW YORK, February 3-The strength
Of to-day's stock market was confined
to spots, and the general tendency con-
tinued toward a lower plane, on realizing
sales Pressure by the bear traders was
marked, and the outside support afforded
by buying orders. through commission
houses, was considerably less. There
was strong tone in a few individual
stocks, and advances in others We're
brought about by manipulation. London
also bought some securities here. All
causes combined. however. did not avail
to maintain prices in the general list,
and the average level Of the market sag
ged TO a lower basis.
The most conspicuous movement OF the
day was in Great Northern preferred,
which added twelve more points to its
recent upward course. making its gain
thus far for the week twenty-six points.
The supply of this stock in the street at
any time is exceedingly light, and urgent
demand for even small volume raises
the price very quickly.
Baltimore and Ohio also showed con-
tinued strength, grounded on vague ru-
mors Of the approaching completion
of the reorganization plan, for which
there was no authentic warrant. Com
mon and preferred advanced over point
at one time, on the dividend declaration,
the buying Of the stock for London ac-
count being particularly good. Almost all
of the gain was lost in a late reaction.
The Coalers were favorably affected as
a group by the prevailing cold weather,
but they failed to hold their gain.
Rubber preferred enjoyed an advantage
through the current demand for overshoes
created by the storm.
The Vanderbilts were strong at times.
Michigan Central being brought into the
talk OF consolidation.
Sugar also ruled above yesterdays
closing price.
Union Pacific preferred was very largely
dealt in, and rose sharply over last night 3
close, but fell below before the close.
The activity of the market showed a
considerable falling off from the recently
prevailing average. The active interest
i'm the bond market was much better sus-
tanned than i'm stocks. and prices were
better held. the general level being high
er. and some sharp gains being scored.
Total sales. $4,000 Government bonds
were strong all around. United States
2d. advanced 1-2, the new As, the IS,
and the old As, registered, IT. ana the
old AS, coupon Is bid.
The total sales of stocks were 800 coo
shares. including Baltimore and Ohio,
q $40; Louisville and Nashville, 1921; Man
haitian. 12225; Reading, 1st preferred,
20. 37s; Missouri Pacific, 1870; New York
Central. OBS: North American Com
pany. $500; Northern Pacific. $500; do
preferred. 49, 40: Reading, $50; st. Paul,
IL. COG; Consolidated Gas, 1913.
MONEY AND EXCHANGE.
Money on call easy. at 1-2al 81 per
cent: last loan at 11-2 per cent; prime
mercantile paper. Sn4 per cent.
Sterling exchange firm, with actual bus
i,ess in bankers bills at S4.s5 is for de-
mand and s4s2 3-4GsiS2 rs for sixty days
posted rates, si.SS l-2aS4S6; commercial
bills, s4S2 III
silver certificates. sc 1-4G57 1-2. Bar sill
YER 563-S. Mexican dollars, 40 Ia
Government bonds strong. State Donds
dull. Railroad bonds strong.