Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-02-18
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES or THE WORLD.
Prices of Money, Bonds, stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.

NEW YORK. February r.-The most
important factor in connection with to-
days stock market was that the heavy
liquidation of yesterday was lot resumed.
There was aggressive pressure from
bears at times. but they RETAINED from
leaving they contracts OPEN and their
covering before the close brought prices
back TO near The high level of the day.
Net gains resulted, fractional for the
most part, but extending TO a point in
some cases. Quotations received this
morning from London showed the prices
of Americans there substantially above
the prices here last night. but that sim
ply meant that declines from yesterdays
London closing had not fully recovered
yesterday afternoons heavy declines here
after London had closed. The buying in
London, which served TO 'ustain prices,
was on cabled orders from New York,
and represented the coverings by shorts
put out in this market.
The opening here was at or above the
mediately after the opening. on liquida-
ton sales through commission houses.
Support was forthcoming before they fell
to last nights close. and the market
rallied. but fell to the lowest before
noon, on the disquieting reports ema-
mating from Key West, that evidence
had been discovered to show that the
Maine had been destroyed by a torpedo
exploded outside the ship. The selling
on this report was quite large. and :he
level OF prices was carried substantially
below last nights close but the subse-
quent rally indicated that these sales
were largely by bears who weTc rot
sure of their position. In fact, The whole
days market reflected doubtful frame
of mind on the part of the speculative
public. and a disposition TO pursue a
waiting policy. Some degree of SUISSE
uuent speculative interest was doubtless
diverted to the wheat market.
Yesterdays declaration of the Burling-
toms dividend rate and other factors CT
yesterday, were quite lost sight Of to-day,
Minneapolis and st. Louis showed re-
sumption of strength, on buying said to
be for control The doubtful condition of
the speculative mind was reflected IN
periods of intense dulness during the day.
| The bond market showed weakness, in
sympathy with the midday break in
higher than last night. Total sales,
$500, 600.
United States new As and the old As
coupon were Y lower bid; the old As
registered a lower, and the SIS Is lower
The total sales of stocks were 4lS,lOC
shares. including Atchison preferred
5000; Chicago, Burlington and Quincy
%. $50; Louisville and Nashville, 1850
Manhattan. SS25; Metropolitan Traction
1880; New York Central, 1860; North
American, 1909; Northern Pacific, $3.50
do. preferred. 1913; Oregon Short Line,
$3.50: Rock Island. 1855; st. Paul, $3.50
Union Pacific 1908; American Tobacco
1s s7s: Chicago Gas, $3.50; Sugar, 1898.
MONEY AND EXCHANGE.
Money or call, 114a1is; last loan, IA per
cent: prime mercantile paper, SQ4 per
cent. 80.
Sterling exchange dull but steady. with
actual business in bankers bills NJ
81 S5n0s4. S5Ib. FOR demand. and AsS4SiSSbi
for sixty days; posted rates, S4s44$is'bs
commercial bills, A.2. "a.
silver certificates. 55sad56lzc. bar silver
5ec Mexican dollars. 45c
Government bonds weak; state bonds
/ duII. railroad bonds firm.