The times. [volume] (Richmond, Va.) 1890-1903, 1898-03-01
WHEAT TAKES ON
NEW STRENGTH.
Stock Market Strong But Activity in
Leading Stocks.
SALES POORLY DISTRIBUTED.
Corn and oats Strong-Apprchension
Over Cuban Question in Allegiance.
Cotton Futures Barely Steady
at New Orleans.
SALES POORLY DISTRIBUTED.

NEW YORK. Feb. 2S-TO-day's stock
market was strong, but the activity was
largely conferred ina the leading stocks
such as sugar, the graueers, Union Ia
ciuc preferred, and "a few otucie. me
most notable strength was also SHOWN Dy
these stocks The total sales showed
considerable falling of ln the recent aver
ave- and the market lacked breadth, be-
sides being poorly distributed. Ionoph
was seller of stocks here to-day Tor the
first time I'm "a c0nsid rahle period. Inc
local market was also affected uy inns
movement. as 30 was by persistent buying
during the decline, az temporary heaNi-
ness az Che opening Doc excepted. iht
fam iu international stocks iu early deal
iugs was sharp. but was for only bflel
limD. Added 90 the days net gains, lht
carly weakness marks tine range of prices
ana the stocks affected very considerable.
Apprehension over the Cuban question
seemed 10 Doe iu allegiance. Hno the course
Oi the market was continually upward
after the opening. with the exception OF
a slight reaction after noon dud some
yielding from the highest near me close
uu Ur0ut-takng. the noon reaction at
trhulcd to disappointment because me
shipment court rclraucd from handing
down Its decision iu The Nebraska maxi
mum fre.eht-rato case. Tho sentiments
of London and New York on the Cuban
question seemed tO Doe completely re-
NtrsDd. for thr recent disposition in Lon
don Co look confidently Tor ID peactIN
the decline boo Spanish as. both I'm London
and Paris. being particularly significant
Iu London 10 was % and Do fafls --"-
Uuf DO is none the Joss highly sienihcant
that tho simultaneous decline in STOCK
prices ir London and the rise I'm New
York We're accompanied hy suUeuihg
of money rates in London ana an easier
tome Call loans were mdhe as low az
o., per cent. here to-day presumably IN
response to the gold shipments ot Sle".-
ueO additional being announce- to-day:
SfDrlnl exchange failed 90 be suIcneo
hy the gold movement. and demand phls
loIl Geo 4>l. posted Iii's 4or iolk anI
short being marked down an additional
half cent. The average debit balance OF
tho suh-rroasurY at the clnaring-houst
shows a. constantly diminishing tendency;
and to-day statement shows shl,h
credit balance. due TO the fact That the
Government s obligations for che last
Few days arc very small The days net
Gains 200 active stocks range up 10
per cent. ANA in few cases over that'
sugar gained Z points.
Tho bond market was not active to-day
and showed early depression, but recover
.d u sympathy with tho strength iu
stocks. Total sales s. loVVn lnlitu
States new as registered declined "a
In. coupon ', and thc old As. ANA Che
1nc total sales of stocks were $50 2oO
shares. including Atchison pref FRED,
1Nog. Chicago. Burlington ana Quincy
ae14.. Manhattan. - 2aD. New York Gem
frI 1u527. Northern Pucihc 10 800 DO.
preferred 1OggO. Rock island. $50. ST.
IauI IOlgZ Union J. cinc. $50. Aurrl-
eln Touacco. Gll5, People. Gas ll.'-V'
sugar ID. $50. Western Union. 5.5ut
MONEY AND EXCHANGE Money ON
.all steady dt ID .u2. per cent. fast loan
Ht per cent, primo mercantile paper
.I.14 Deer CONT Sterling exchange weak.
with actual business BOZ bankers ID N 900
I~}ufSu. for demand and at 1Slb0tNl'e
.Or sixty days. posted rates. ISL .0i>i
AMID lelnfNlI.. commercial bills. asia
i~I. silver certificates. 80 N56t.. bar
.Ivor $685.. Mexican dollars 81 Gov
.umeut bonds weak; state bonds dull;