The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-19
FINANCEAND COMMERCE
THE CLOSING QUOTATIONS OF
MONEY.
ferings and sales at the Richmond TO
bscco Exchange internal Revenue
Forcign Advances.

NEW YORK. Feb 1s.--The tone OF the
speculation was doubtful and hesitaung
In Wall street to-day and large pre-
ponderance OF the days dealings were IN
Sugar and the grangers. Nearly " per
cent. of the total transactions were III
these stocks. Coupled with the fact that
the total sales OF all stocks showed a
marked decrease from the recent aver
age. the large proportion absorbed by
these specialties formed a significant COM
mentary upon the condition into Whlch
the market has fallen. After the opening
weakness, due 10 sympathy with Londoii
and some other foreign exchanges, had
been overcome. II looked as though the
strength radiating from the grangers had
prevailed IN the market, but the lncrtas-
ing weakness OF Sugar, coupled Win
fall in the prices Of local New YORK spe-
cialtios I'm the final hour, was decisive
factor in driving prices below last night
level The radical utterances made IN the
Senate on the Maine disaster all engeh-
dered dstrust in the minds OF spectators
and prompted liquidation. Business on
the decline was by far the most animated
OF any during the day. Gossip was Ilie
as TO the probable action Of the ST Paul
directors on the dividend rate. the ru-
mors all pointing TO an increase. Inc
absorption OF this stock was credited 10 a
powerful financial interest. which was
said 10 be selling out It's holdings OF
sugar Ht the same llll's lF'IhRt NHlft''Nt
ST. Paul stock freely. and sold other inter
national stocks here. Rock island re-
sponded TO the action OF the directors IN
calling the debenture and extension bonds
thus assuring the stock the beneht OF an
early reduction of fixed charges. The
Union Pacific. Denver and Gulf securities
were strong on rumors that the reorganl-
cation in prospect would bear easily on
them. Adams Express was an instance
Of strength
The bond market held firm except that
some Of the speculative issues yielded III
the late dealings There were very heavy
individual transactions in the Union Pa
cinc As the Texas and Pacific as, ana
Rock Island extension IS. Total safes
SfO2O.OO0. United states old as, coupon
were a higher bid and the old IS reg
istcred, the new As and the As Is higher
bid ZOO
The total sales OF stocks were 35l.5oO
shares. including Chicago. Burlington ana
Quincy 1881: Louisville ana Nashvile,
7O2O: Manhattan Elevated. g2lO; New
York Central 6,lSo; Northern d caeo g.
ferred. 1850. Rock Island. b9s0 -
Paul 5.2IJ Union Pacific. 1881: L. r.
d. and c.. 1880; Sugar. sI7li; Western
Union, 5.O52
MONEY AND EXCHANGE.-Mone on
call easy at 1IN1R per cent; last loan
nj IA per cent: prime mercantile paper
3G4 per cent Sterling exchange steady,
with actual business in bankers DIS al
4S5as for demand and al 4SiNiS3h for
sixty days posted rates. 4Sl04S6i2' com
mercial bills. 4S2 Silver certificates. 5lN,W
5Gib: bar silver J5& Mexican dollars 4'',.
Government bonds strong; state bonds
dull: railroad bonds firm.
BANK CLEARINGS.-The total bank
cIearings for the week were Sl,3j6. IO32O3:
per cent. increase. 1913. Exclusive OF
New York. sos. 173 294; per cent. Increase,
22G