The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-08
FINANCEA AND COMMERCE
THH CLOSING QUOTATIONS OF
MONET.
Offerings and Sales at the Richmond To-
bacco Exchange--Intsrnal Revenue
ColIections-F Foreign Advances.

NEW YORK, Feb. 7.-To-day's market
for stocks suffered from the burden Of
realizing sales and from other pressure
due TO the rcCrudcsCcnco OF the Cuban
scare. There were special elements OF
weakness in addition. The Union Pacific
securities were heavy upon the announced
determination of the Government to ope-
rate Kansas Pacific unde' rcceiverSnip
and Go seek 90 postpone the sale OF that
property. The Kansas Pacific cOnsols
opened at 3A per cent on the strength OF
This. but the buying at the decline was
very heavy and aggressive, and reassur-
Ing reports were given out that mis- Sc
curly was not likely 10 De deprived OF
its right OF exchange with the rcOrganiza-
ton Pacific securities. This apparently
failed TO rally the stocks Of the company,
and they were heavy all day. the pre-
forrSd going OF at one time i3s and the
common point Missouri Pacific showed
recurrence OF It's recent weakness. and
declined at 10 point below Saturdays
close. Lake shore. New York central.
Northern Pacific and other recent raw
critics showed tho effects OF a continue
ton OF prOiit-taking. The coaiers and the
grangcrs were ia the main heavy, North
west being an exception. Northwest
showed gain of 81 over the last. trans
action. quite a number OF stocks showed
gains at the opening, but as rule sub
sequent declines wiped them all out. A
Few stocks were conspicuous FOR very
light movements. Norfolk and Western
preferred was quite strong all day, and
advanced az one time 3& reacting a frac-
lion on prOft-taking. Michigan Central
also renewed its interest at the advance.
and rs ~, higher for the day. There were
some sharp gains also in the usually mac
tive high-priCcd securities. The feverish
and unsettled condition Of local corpora
lions WAS noticeable IN the closing deaf
ings Although the stock market was not
lacking m activity and interest. the bond
u.i rkot continued TO absorb a large share
~ attention, and TO show great strength.
There were Eve separate single transac-
lions in blocks Of a par value OF 100000
OF over Three of these were in The At
Gibson adjustment As. the total dealings
in which footed up for the day 81, $4,000.
The recovery m Kansas Pacific consols
10 1iOis brought out "a block ~ 100000.
which was taken by one dealer There
was a $4,000 block of the new Union
Pacific As sold during the day. Norfolk
and Western consol - were active ana
strong Numerous sharp gains are re-
corded an through the bonds list. Total
sales. S6JJO.oOo United states IS were
D, higher and the As, both old and new.
were X higher bid.
The total sales Of stocks for the day
were 42l 600 shares, including Atchison
preferred. - 02O: Chesapeake and Ohio.
eO2I. Erie new first preferred, 5.410.
Louisville and Nashville. 5,49l. Metro
politan Street railway. 1880: Michigan
Central 1871 New York Central. 1888.
Northern Pacific. II. 100, do. preferred,
1925: Chicago Northwestern. S3l1 st.
Paul. 22W,O. Union Pacific, 1880; Gem
crai Electric. 170JS. Sugar, 2S, sol.
MONEY AND EXCHANGE. Money on
call easy at ~ per cent: last loan at ~
per cent, prime mexcantlle paper, 3n4
per cent. Sterling exchange strong. with
actual business I'm bankers bills at 4SjA
04SJ& for demand. and at 4S3a4S3M for
sixty days posted rates. 4S3kd4S6: COM
morcial bills 4S204S2k Silver certif-
Gates. JG10j75 bar silver. 56la: Mexican
dollars. 45as. Government bonds strong;
State bonds dull: railroad bonds strong.