Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-02-17
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT nusr-
,rss CENTRES or THE WORLD.
PRICES of Money, Bonds, stocks,
Grain. Tobacco, Cotton, Cattle,
country Produce, &C., Foreign
and Domestic.

and Domestic.
NEW YORK, February l6--Irading
as rsmarkably fevorish in the Stock Ex-
,s,neo today. and all interest centered In
.s. disaster 20 the Maine in habana mar
,.- and the possible international conse-
,s.rccs. 10 cannot be said that the vary
.,. phases OF the speculation during the
ssy represented any change OF opinion
u.s. TO The very grave possibilities win
,teh the disaster Is pregnant. The oc-
..aonal checks 10 the downward course
~ prlces were rather the result OF ques-
..,,s I'm the minds OF large operators as
81, choir ability 20 hold the market. or the
host way in which 10 effect the nquida-
,o. of their holdings. Twice during the
IA, very powerful support was forth
.,rinc I'm the market TO check the de-
cline. and 10 combat the successful raia
.. the bears. That there was very large
.sor. selling during the day was evident
t-om the strength OF the rallies caused
b. the covering Of shorts when the turn
-e point at the low level was reached.
mis- vas particularly noticeable in some
~ Tho greatest favorites of recent specu-
..Har. which have been pushed up TO
prices hardly warranted by their intrinsic
same. The knowledge possessed by the
n..rs OF very heavy speculative holdings
IN those stocks covered by light margins
,.ye them confidence in fierceIy selling
ntm down. The support of the bulls no
sooner erected a check to the decline
than realizing offers began TO come out
sr.n. There was an abundant supply OF
i.r- stock fed into the market all day
Iona. and IL was evident that the bulls
bod abandoned an immediate campaign
fo- rise as hopeless.
How far the speculative holdings for a
-..e were liquidated to-day remains TO be
san. II seems sufficiently evident. how
ever that as soon as this liquidation can
D. concluded prices Of securities Will be
LEFT FOR the time being TO their natural
level
stocks that have been free from recent
manipulation for a rise We're compare
ryeiy hrm to-day, and the so-called
Klondike group. notably Oregon Short
Line. was even aggressively strong,
rising al one time points This was on
reports Of the large traffic opening up
far Alaska Great Northern preferred
gained > points. and Denver preferred |
showed comparatively firmness Kansas |
and Texas preferred also rallied to last |
nights level before the close; otherwise |
.he luctuatiCn in stocks was only a |
question Of degree
The local traction stocks were all Sc |
yeraly handled. Metropolitan Street Rail- |
way falling at one time 9 IL points, anc |
closing at loss of points. Norfolk and |
Western preferred was raided down |
nearly points at one time. but closed at |
! recovery Of over 2. Northern Pacific |
preferred also yielded at one time IA, |
bot recovered sharply. Net declines of |
points ana upward are very numerous all
through the list.
Bonds were heavy, in sympathy with |
-0-ks. but declines were not so severe,
and the market was not as active as |
bat for stocks. Total sales. A,l00.0o0. |
-nted States old As. registered, new
is ri nistered. and the SIS, were Is lower |
IA Sdav. and the new As, coupon, IL |
THE x0tal sales OF stocks were 5S5.2OO |
ra-. / including Atchison preferred, g.
a. shicago. Burlington and Quincy, So
81 louisville and Nashville. 1880; Man
ln. % e3O: Metropolitan Street Rail-
% $50: Reading first preferred, 5.2i2'
Do {curi Pacific $3.50: New York Central,
e. Northern Pacific $3.50; do, pre-
rred 21s9O: Oregon Short lane, 9'4zS;
.ocx island. 15s2O; ST. Paul, $3.50; Union
3ciac. 1880: American Tobacco, l2o}O;
.av state Gas. 1880; Peoples Gas, n.s9O'
consolidated Gas. $40; General Electric
125. Sugar. % 220; Western Union. Slo-.
MONEY AND EXCHANGE.
Money on call easy at 11-4Gl II per
ont. last loan at II per cent; pri'ne
1ercantile paper. BOA per cent, to-,
seine, exchange steady, with actual
,,siness in bankers bills at S4S LA
s59-S for demand and sASSqASS IA for
Wv DAYS; posted rates, A.a ana
ss1-7. commercial bills, SiSZ I-4@
silver certificates, 5s1-2a57. Bar silver
,1-S Mexican dollars, 45 Ii
Government bonds weak STATE poiius
I'm. Railroad bonds weak.
A