The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-10
FINANCEAND COMMERCE
THE CLOSING QUoTATIONs VI
MONLI.
Offerings and Sales at the Kichm ond To
bscco Excbangs-fnternal Revenue
Coiicctions-For Advances.

NEW YORK. Feb. 9.-Thc most nota-
bic feature of the stock market to-day
was the strong rally In the last hfteen
minutes of trading. At O'Clock the bears
started raid, apparently with an ag-
EresSive determination 20 snake out weak
~ margincd holdings and 10 reacn stop
loss orders. They seemed 10 be succeed
ing admirably In forcing Gown prices. de-
ciincs ranging from one 10 Two points
all through the list. but the appearance
Of support az the low level led 10 COW
ering movement. which became rush.
and the closing was very ike route
Of tho bears. Substantial rccOveries were
scored very generally, and in a large
number of cases earlier declines we're ca
.urcly wiped ont The market was one
81 ups and downs all day, the opening
showing numerous signs OF heaNiness
in spite OF "a higher range OF prices report
ed from London. The bulls promptly OF
fered support and rallied the market
holding their advantage mp 20 noon, when
a tendency 20 realize sent prices down
ward again. The Cuban situation as
cOuragcd aggressive tactics on the part
al the bulls. tho professional traders be
ing disposed TO realize all day. ihere
was a decrease in the v0lum- OF business
also. and falling OF I'm the outside IN
tcrest The declines. however, brought
cut good buying. Michigan Central.
Might've and Omaha showed special
signs OF strength and the local street
railway companies also advanced quite
vigorously. Union Pacific securities were
All quite clf0AEs the NUNNIff apparently
being due 10 a belief that the reorgani-
zatiOn had concluded 10 secure the KAN
sas division, even az the. Government
own terms. Great Northern preferred
was conspicuous for reaction OF nearly
four points from IT'S recent remarkable
advance. Pullman was marked up "a
points on small transactions. and Rub
Der preferred scored sharp advance.
London bought stocks here on balance.
Money continued TO rule below ~ per
cent. for call loans. and there were re-
ports OF large loans for a year at "a
per cent. The withdrawal OF the 10 per
cent instalmcnt of the Governments de-
post OF Union Pacific payment was re-
Elected in a credit balance at the clearing
house for the sub-1rcasury of S6S2. 100.
The sub-Treasury' has been having daily
debit balance az the clearinghouse or
$4,000 or upwards for some time past.
The plethora OF money was not apprecia-
bly, relieved by the operation. Sterling
exchange hardened an additional fraction.
The current demand for exchange Is be
lcvcd TO be- due TO some large financial
operations involving settlements abroad.
The speculative bonds showed reac-
uOnary tendency 100 sympathy Win
stocks but prices Of bonds for the most
part held firm. Total sales, S44O2 90.
United States old As, coupon, and the
new As registered, were - lower bid.
The total sales OF stocks We're 3Jb,ZVO
shares including AtchisOn preferred, 10
800. Chicago. Burlington and Quincy %
a06. Erie new first preferred $3.50,
Louisville and Nashville. $3.50; Manhat-
tan. 1920. Metropolitan Street railway,
- $50. New York Central. H. 900; Moth
srn Pacific preferred. 9O3j, Chicago
Northwestern. 12S75. Rock Island 5.925.
St Paul 1920. Union Pacific. 1S0So,
American Tobacco. 74SO: Chicago Great
Western, .. l2O; Peoples Gas. 19lG. Sugar
% 4S5.
MONEY AND EXCHANGE.-Mone on
cali easy at 1Hd1i3 per cent. last loan
Ia per cent: prime mercantile paper. 3N4
per cent. Sterling exchange strong. with
actual business i'm bankers bills ut 4SJ,sN
1854 for demand and at 4S3isn4S3A for