Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-02-17
MOST STOCKS HIGHER.
TONE STRONG At CLOSE AND
PRICES At THE BEST
TOBACCO SUFFERS A LOSS.
So Does Northern PaciAc-Wbcnt In
Strengthened and May Closes ut nm
Lower-Provistons Lose.

NEW YORK, February ALPHABETICALLY
all prominent stocks advanced to-day,
with gains in many cases material, and
trading left off with the tone strong and
prices at the best. Traders from time TO
time sought TO bring about reaction,
but were dislodged from one position al
ter another. and the upward movement
became general. In fact. the only ac-
tive stocks Of importance that were ex-
ceptions to the rule were Tobacco and
Northern Pacific. the former suffering
loss Of ga. on prospect Of increased com
petition, and the latter one Of u. on
decrease in earnings reported yesterday
for the second week in February, which
decrease was said 10 be due TO the
storm. London houses reversed Their
policy. and bought more Northern Pacific
and Tobacco than they did of any otner
stocks. Burlington, which was ex-divl-
dend, made an extreme advance OF "a
on a large volume OF trading approx
mating 100000 shares. The buying OF THIS
stock was largely by houses having Bos-
ton connections. The advance was stirnu-
lated by the statement Of prominent
operator that he had purchased largely
I'm the belief that refunding plan would
be announced in a few days.
The influence OF burlington anected
the other Changers, which were bene-
fitted. Union Pacific was lifted nearly 2
points and the preferred over POM,
while Central Pacific advanced per
cent on the report that an arrangement
had been reached with the government
commission for settlement or us oph-
cations TO the United states. -
Metropolitan and Third Avenue WEI
very strong. rising as and s. respectively.
! Federal Steel was i'm the van OF the
! Flower stocks I'm their rise, when p es"r'
as the day drew TO a close. me coIllIllo55i
/ advanced points and the preferred e
Among the. Coalers Reaain rese MS each.
! international Paper and sugar adVauCeui
| over . points each. New York CehtIai
and Northwest. among the NanderDllts'
were benefited about point 10y ~, ~ and
! while Cleveland. Cincinnati, chicago anu
! 81 ouis left off with a gain OF l9s.
The traders thought that the fracuonal
advances i'm London before the opsIiiliie
mad been manipulated from this siue.
,Thev sold freely. on the idea That the
effects of the storm would result IN
larger prices, at least Temporarily: ouo-
sequently. they covered from TIME 70
time. as pronounced strength appe"ieu III
the various stocks.
ADVANCES AT THE END.
In the final dealings, some stocks ad-
vanced. Ii is hoped that this VIII prlhs
the public into the market in day or so
The excess of exports over imports
So. 900. 0O0-was something Of a sustaining
an easy means of setting for the large
sales of American stocks for Foreign ac-
count the past three weeks.
The healthful tone OF stocks received a
considerable setback from the purchases
i'm the bond market. Central Georgia
consols and Wisconsin Centrals led in
point Of activity. The toal sales were
s.. 900 900. United States new As, the Old
Is. and the 5s declined Is in the bid
price.
MONEY AND EXCHANGE.
Money on call steady at 2laQS per cent;
last loan at Pr per cent; prime mer-
camille paper 24405h. ~
Sterling exchange very weak, Win &C -
tual business i'm bankers bills, at SiS6n
81 S6H for demand, and A.ShdA.Sih Tor
sixty days: posted rates, $iS5aASI; COM
mercial bills. $tSi2 -.o.,-
Silver certificates nominally. 5912utVi2c'
bar silver 59%c.; Mexican dollars. 4f4c.
Government bonds weak; State bonds
inactive: railroad bonds steady.
The total sales Of stocks to-day We're
81. 400 shares, including 51l5 Atkinson;
26 230 do. preferred; 19S92S Burlington;
go Louisville and Nashville; 5000 Man
haitian; II 800 Metropolitan Street Rail-
way. II go Reading: Also Missouri Pa
cine, p 300 New York Central; 1890 ST.
Paul; 1886 Southern Railway; 600 DO,
preferred: 25.750 Sugar; 1928 Tennessee
Coal and Iron.
Standard OIL closed at 469Q4n.