Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-02-18
STOCKS ARE BU0YANT
MARKET LEAVES OFF At THE
BEST FIGURES.
DEALINGS NEARLY 100000 SHARES.
rms for the First Time in Some
Weeks-Tobacco Weak Early, Hut
oioses Above Thursday Night
Wheat Lower. 80

NEW YORK, February 17.-There were
advances in stock prices to-day, which
were material in the standard stocks. and
the market left off buoyant at the best.
transactions reached nearly million
shares. FOR the first time in some weeks.
Some hesitancy was manifest at the open-
ing, In view Of the possibility of foreign
developments which might follow the
death OF the President of the French re-
public. The fractional declines i'm the
London and local market were checked
when Paris appeared as a buyer in Lon
don, this having reassuring effect.
Noticeably weak features in the early
trading were Sugar, Tobacco. and Bur
Nngton. These stocks one after another.
were taken in hand, and carried well
above last night, the rise from the lowest
reaching 7l2 In Tobacco and 81 in Bur
lington.
Many traders viewed the action Of yes
terdays market as indicating a resump-
tion of the bull movement, and pur-
chased stocks.
ST. PAUL A LEADER.
the fact that st. Paul's earnings for the
second week in February increased some
what, In spite OF the snow-storm along
It's route, rendered IL a leader in the days
strength, and IL advanced pa, and Rock
isianu' 700, rose over 2 points. Among
the high-class, investment shares. which
were generally strong. Pennsylvania
advanced 2S.. Central and Southern Pa
cihcs strength was a reflection of the
expectation OF settlement with the gov
eminent Missouri Pacific also was
strong, while Union and Northern Pa
cific showed heavlness throughout The
plans which were supposed TO be under
way TO better regulate the anthracite
trade, seemed to affect Reading, first pre-
ferred, which advanced about points.
Philadelphia advices OF new subscription
privileges for stock lifted Metropolitan
Street Railway some points, while Third
Avenue rose even more Among the usus
ally inactive stocks, there was a rise OF
5s4 in Long Island Railway London was
| moderate seller. on balance.
Many OF the leading brokers were In
strumental in advancing prices to-day.
and commssion-houseb business was con-
siderably larger than of late. with many
sold-out bulls taking hold again. Stand
ard OIL closed A.73qS4.H
BOND TONE HEALTHY.
The bond market betrayed healthful
tone In all quarters, with the absorption
OF the speculative issues very marked.
Total sales, $4,000. United States 3s
and the new AS declined 4 in the bid
price.
The total sales Of stocks were 9i5,2OO
shares, including 600 Atchison; $500
Atchison preferred; 40,750 Central Pacific;
l6S.920 Chicago, Burlington and Quincy;
1.l40 Rio Grande; 5,120 Manhattan; 1880
Metropolitan Street Railway; 5000 Read
ing first Preferred 1880 Missouri Pacific
5000 Chicago, Ind and L.. preferred; 1880
New York Central; 26,720 Northern Pacific
5,137 Ontario and Western; 24520 Rock
Island; 1920 Union Pacific; $50 st. Paul;
20.320 Southern Pacific Railway; $50
Southern Railway preferred; 14,020 Union
Pacific preferred; 1880 American Cotton
OIL; 67,720 American Tobacco 4S $50 Fede-
raj Steel 24.02O Federal Steel preferred;
u $50 Peoples Gas; 1920 b. r. T.. 22,l20
Sugar 1850 Great Western.
MONEY AND EXCHANGE.
Money on call steady at 2AQ2h per
cent; last loan at 2la; prime mercantile
paper, 2&4Q3A.
Sterling exchange steady. with actual
business in bankers bills. at A.S604S 1914
for demand, and S4siGS4S4A for sixty
days; posted rates. &.S5 and $iS; COM
mercial bills, s4.S4s4S3ia
Silver certificates, 59l2N60l2c.; bar sill
Der. 59Ac. Mexican dollars, 47hc.
Government bonds weak; State bonds
inactive; railroad bonds irregular.
BANK CLEARINGS.
The total bank clearings in the United
States for the week were H,30S, 62l ,Nl; per
cent. increase 25; exclusive of New York.
$685. 1874 031; per cent. increase, Az