Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-02-04
STOCKS LOOK TIRED,
THEY AT ONE TIME BORDER on
PANIC. nut CLOSE STRONG.
IRREGULAR AND SMALL CHANGES
Pretty General Declines mt First,
hut Hull Lenders Take Hold, and a
Rally FoIIows-Wheat and Pro-
visions Decline.
NEW YoRK rehrnarv a-stock values

NEW YORK. February Stock values
received a severe test to-day, the market
at one time bordering on the paniclxy
stage. through the enormous outpouring
Of stocks from professional and commits
sion-house sources. but the day left off
with irregular changes Of a fraction
either way. and with the tone strong. Be
fore the opening It was argued that yes
terday's market showed that a reaction
was underway, but il was contended that
the forces resisting a decline, in the alb
sence Of extremely unfavorable news.
would not likely let prices recede very
far. The absence of decided tone TO the
early market was in part due to the ex-
PLANTATION of a prominent bull leader that
the market had tired look, but the peo-
pie did not know what to do with their
money. and If the market resisted week
or two l per cent money would be prob
able.
The market opened rather irregular,
and such strength as there was in II dis
appeared under professional pressure.
There was an absence Of support from
large interests and realizing set in, which
gave the bears encouragement for vigor-
/ Gus demonstration, which. after Feeble
rally. resulted in many stop-loss orders
being caught. II was said on the moor
! that the heavy selling came from WASH
ington. and the rumor gained currency
! that the ratification Of the peace treaty
was in jeopardy.
EFFECTS OF REALIZING
The market felt the effects Of the heavy
| realizing that took place last week anu
this. The lowest prices for the day were
shortly after noon. The CHANGERS WEI
down from / 3-S in St. Paul TO 2l-Z III
burlington. the Coalers from IL in New
Jersey Central to IL in Reading hrst
preferred. In the Pacifics the range was
from il TO 21-2. with the maximum loss
in Southern Pacific. ...,
| In tho Specialties, the decline was even
more pronounced. ranging from ABOUT Two
points i'm Sugar and Tobacco TO ilve IN
| New York Air Brake.
The declines were very general, ana
embraced almost everything OF conse-
auence. Large orders appeared when the
bear movement appeared TO have lost us
force, and liquidation quickly ceased. Inc
| bull leaders took hold Of their various
specialities. and helped the recovery
which continued practically to the close
with only a monetary and slight recession
IN profit-taking Traders generally TOOK
the long side for a turn, on the lcea tha'
much OF the weak-held stocks had been
transferred TO stronger interests. stand
ard Oil dropped from $50, the bid last
night. to offered at Az on the curb to-day
with transactions at 4l5. ana then rose &c
40. and closed at 435d 1876 5-S.
BONDS YIELD WITH STOCKS.
The bond market yielded sympatheu-
cally with stocks, but did not dlsplay
much recuperatve power when stocks RAJ
lied. Total sales, $4,000. United state
new As. coupon, declined Is, and the o
advanced IA. ~.
The total sales Of stock were 5000
shares. including 800 Atchison; $50
do. preferred; 1920 Central Pacific; loI$
Chesapeake and Ohio; 1880 Denver anc
Rio Grande: $3.50 do, preferred; 51t0 HI
nois Central: 1920 Louisville and Nash
vile: 81 O20 Manhattan; 1880 Metropohtal
Street Railway; q, $50 Reading, lst prefer
red. 12147 Missouri Pacific; 71@ Missouri
Kansas and Texas, preferred; 1920 New
Vol Central. 90. O20 Northern Pacific; Is.
800 do. preferred; e,7l0 Omaha and West
ern. 10000 Reading; 1890 Rock Island
Is go Union Pacifc: 1900 st. Paul; H2H
southern Pacific: 1920 Southern Railway
IA 020 do. preferred; 1000 Texas ana IA
cific: % 900 Union Pacific, preferred; l6'VO
Tobacco: II .O2O Bay State Gas; h.l2O Fed
eral steel: II 900, do preferred; lo9-O feo
2 pies Gas; 1925 Consolidated Gas, -o''S
brooklyn Transit; $500 Sugar; ESQ Ten
e neeeee coal and Iron: $3.50 Leather, pre-
ferred: 5.s25 United States Rubber; 6'o2
, Western Union.
MONEY AND EXCHANGE.
3 Money on call frmer. at 21-2a5; las
loan at 21-2 prime mercantile paper
5 21-2q3 IA per cent. ..,.., ,.,,.
= Sterling exchange easy, with actual Dus
e mess in bankers bills at SIS l-faSi'So l.
for demand and S4S3 1-4d&.S IL for siXt
y DAYS: posted rates, si.S4 l-2q$iSo Il; com
I | mercial bills. $4.S2 -.
a Silver certificates. 80 1-206O 1-2. Bar sil
= yer 591-4. Mexican dollars, AZ.
Government bonds Irregular stat
4 bonds irregular. Railroad bonds weak
}, BANK CLEARINGS.
S The total bank clearings in the Unite
t states for the week were s. O36, Ol3,lS4; pc
cent increase, Ss4; exclusive of New
:. | York. s6i7. 945,7l2 per cent. Increase PSI.
NEW YORK STOCK QUOTATIONS.