Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-02-08
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsf-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.
and Domestic.

NEW YORK, February To-day
market for stocks suffered from the bur-
den of realizing sales. and from other
pressure due to the recrudescence of the
Cuban scare. There were special ele-
ments of weakness in addition. Tne
Union Pacific securities were heavy, the
announced determination of the govern
ment to operate the Kansas Pacific road
under the receivership, and to seek to
postpone the sale of that property. The
Kansas Pacific consols opened at 3H per
cent, on strength of this but the buy
ing at the decline was very heavy, and
aggressive and reassuring reports Were
given out that this security was not
likely TO be deprived Of its right Of ex-
change with the reorganization Pacific
securities This apparently failed to rally
the stocks of the company, and they
were heavy all day, the preferred going
of at one time SIS. and the common a
point.
Missouri Pacific showed a recurrence
of it's recent weakness, and declined al
a
Lake Shore. New York Central, Northern
Pacific and other recent favorites show
ed the effects of a continuation of profit
taking. The Coalers and the Changers
were in the main heavy, Northwest be-
ing an exception. Northwest showed
gain of 31k over the last transaction. Quite
a number of stocks showed gains at the
opening. but, as a rule, subsequent de-
clines wiped these gains all out
A few stocks were conspicuous
for very slight movements, Norfolk and
Western preferred was quite strong all
day. and advanced at one time 5-S, re-
acting a fraction on profit-taking.
Michigan Central also renewed its re-
cent advance, and is ~ higher for the
day. There were some sharp gains also
In the usually inactive, high-prced Sc
curities. The feverish and unsettled con-
dition of local corporations was notice.
able in the closing dealings.
Although the stock market was not
lacking I'm activity and interest, the bona
market continued to absorb a large
share of attention, and TO show great
strength. There were five separate single
transactions in blocks OF par value
of 100000 or over. Three Of these were
I'm the Atchson adjustment As. the total
dealings in which footed up for the day
81 .O97 900. The recovery in Kansas
Pacific consols to 110iz brought out
block OF SlOO.OO0 which was taken by one
dealer. There was a $4,000 block Of the
new Union Pacific AS sold during the day.
Norfolk and Western consol As were &C
tive and strong. Numerous sharp gains
are recorded all through the bond list.
The total sales were Sc, $4,000
United States SIS were Il higher, ana
the AS, both old and new, were l-S higher
bid.
The total sales of stocks for the day
were 421.OOO shares. including Atchison
preferred. 2502O; Chesapeake and Ohio
o25. Erie new frsD preferred, 5,ilO;
louisville and Nashville. 5,491; Metropoli-
tan Street Railway. 1880; Michigan Cen
trail 1921; New York Central, S,2a5;
Northern Pacific, 1l,1S0; do, preferred
17125: Chicago Northwestern, s,Sll; 81.
Paul. 22.O9O: Union Pacific, 1880; Generai
Electric. 17.05S; Sugar, 2S,SOl.
MONEY AND EXCHANGE.
Money on call easy at ~ per cent;
last loan. ~ per cent; prime mercanule
paper, 9d4 per cent.
Sterling exchange strong, with actual
business in bankers bills, at AsohV
Sass SO for demand, and %.SQs4.8 Is Tor
sixtv DAYS; posted rates, A.SS12aA'oo'
commercial bills, $4.S2qStS2l2.
silver certificates, 561zq57i9c.; bar silver,
5eIhc. Mexican dollars, 45 3-Sc.
Government bonds strong; State bonds
dull: railroad bonds strong.