Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-02-16
STOCKS ADV ANCE.
DEALINGS CONSIDERABLY LARGER
THAN ON YESTERDAY.
MARKET is MORE ANIMATED.
u,sb.priced Investment shares Con-
.pscuousIy stronS-Bond Market
,roxcd-Corn md Oats Lower
proxisions shade Higher.

NEW YORK, February l5.-Many
cooks were materially advanced on the
s,ock Exchange to-day. with dealings
considerably larger than on yesterday.
Generally. the early market was more
animated than OF late. and strength de-
,,A,oDcd on pool-manipulated and COM
,,ission-house buying. London sold about
2l00 shares. principally Northern Pacific,
while Berlin was reported as being a pur-
chaser Of this stock. Northern Pacific.
common. in the local market received
pronounced support apparently on pool
buying. and on large dealings advanced
2p0ints. Around IS, at which point Lon
don was selling. enormous blocks Of stock
were absorbed. although the price hung
far d long time at 90 3-S. The advance in
this stock progressed in spite Of the dis
Summation of reports that the officials
oi the company denied that the pre-
fsrred stock would be retired. or that
such project had been considered
As Northern Pacific was the feature OF
strength, so was Burlington prominently
weak. This stock. which was advanced
yesterday in anticipation Of action on the
part OF the Burlington directors on the
refunding scheme opened unchanged de-
veloped weakness, and made an extreme
decline OF over points The lowest
dgure was on the announcement that no.
thing had been done regarding refunding
at to-day's meeting In Boston. This
brought large realizing sales, but the
stock. recovering it's net decline. was left
at only two points. The weakness Of
Burlington had but little effect on the
other Changers. which displayed more or
less strength at intervals.
The high-priced investment shares were
conspicuously strong especially New
York Central and Pennsylvania. South
ern Pacific and Central Pacific developed
pronounced strength. especially toward
the close. New York Air-Brake. which
has been rather neglected Of late made
a sensational advance OF 81 There
was considerable covering Of short sales
by traders. while stock was supplied by
houses with Boston and Chicago connec-
tions.
SHARP RECESSIONS.
There were some sharp recessions du-
ring the afternoon. at the time when
Burlington and Sugar were freely offered
down. but prices picked up and continued
10 improve TO the close, the leader in the
recovery being Northern Pacific common.
Union Pacific and Atchison preferred
were firm. 1t was reported in the street
that scrip dividend on the part Of
Metropolitan Street Railway was in con-
temptation, but the stock was quiet all
day. and moved very narrowly.
brisk inquiry prevailed for some Of
the prominent bond issues to-day, and
the market generally displayed an i'm
proved tendency. Total sales. $4,000.
United States new AS. registered. and the
old IS. coupon. and the as. do, adj
vanced Is In the bid price.
The total number of shares of stock
sold was 612lO0. including 1920 Atchison;
B4820 do. preferred; 1900 Central Pacific;
2lq2O Chicago. Burlington and Quincy;
SesO Manhattan: 1856 Reading first pre-
ferred. 346o0 New York Central; 112720
Northern Pacific; 10 465 Northern Pacific
nreferred: G 80 omaha and Western; 6SS5
Rock island $3.50 Union Pacific; $500 st.
paul: 10 SO southern Railway; $500 Union
Pacific preferred: 1888 Brooklyn Rapid
Transit: SsS Sugar; S,226 Rubber; 1855
Chicago Great Western.
standard oil closed $4.69G&.7O. ex-divi-
dend OF 8 per cent.
MONEY AND EXCHANGE.
Money on call steady at 21-iQS per
cent: last loan at 21-2 per cent; prime
mercantile paper, 2S-4QS IA per cent
Sterling exchange firm. with actual bust
ness I'm bankers bills at $iS60$4S Sc Ia for
demand. and S4S4G$lS41-i for sixty days;
posted rates. S4.S4 1-2a$4.S5 and $4.S6 l-24
Nd; commercial bills, &SQ&S l-2.
silver certificates, nominally, 81 l-zQ
C01-2. Bar silver, 50 5-S Mexican dollars
J71-A
Government bonds strong. State bonds
Inactive Railroad bonds firm.