The times. [volume] (Richmond, Va.) 1890-1903, 1902-03-01
Decline Showed More Consist
ency Than Any Move Of Week,
LIQUIDATION NOT URGENT
There Was No Sign of Forced Selling, But
Tendency wss to Take ia Sail Ia View
Of Possible Storm IN the
Money Market.
M Associated Press.

fBy Associated Press.
NEW YORK Feb 2S.-The forecast of
the bank statement and the prospect of
additional heavy requirements upon New
York bank reserves osercame the market
To-day and dragged prices downward
The decline toward the latter part of the
trading showed more consistency than
any previous movement during the week
Prices OF all classes of stocks were alike
affected. both the minor Specialties,
among which there had been some show
of strength earlier in the day, and the
loading standard stocks which mad lain
inert under the selling began. The lqui-
dalton WAS not urgent and showed no
signs of being forced, but il was evident
that it was thought best TO be prepared
and take in all sail possible. The preimi-
narics Of the weeks cash movement, as
usually published on Friday. which in
clude the known movement OF money up
10 Thursday night, indicates that the
banks have lost nearly 100000 in cash
during the week. The loan item remains
in the usual obscurty, but there has
been no important market speculation.
The Glucose and Starch common has been
called. and there is a possibility that the
gold exports represent ths paving out of
foreign obligations and their transfer to
local banks. as was the case with the
last gold that went out.
There is no great hope therefore of any
thing but a very weak bank return to-
morrow. Beyond that the persistent firm
ness Of the foreign exchange market in
dictates that further gold viii go out by
the sub-Trea s;iry for transfer TO the West
IS generally accepted as the sign OF the
turning movement of currency away from
New York again to meet the usual spring
requirements i'll the interior. The request
10 the Treasury authorities for PERMISSION
10 deposit gold in New York to be drawn
on at San Francisco foreshadows a
further Inoven,2nt which promises TO
reach nearly Sl5.eo0,0oo and which is con-
nected with syndicate payments for
street railways properties. The days
ret losses run over a point for some OF
The important stocks.
The bond market was duh ard moved
very. narrowly. Total sales. par value.
sS.250.6e0.
The total sales of stocks for the day
were dl4,4g0 shares.
MONEY AND EXCHANGE-Moncy call
closed steady at el4 fr3 per cent: closed offered
ut . per cent: prime mercantile paper. 4M4l2
per cent. Sterling exchange firm with actual
business in bankers bills at s4.S7& CASTS for
demand and at S4.s5l4 for sixty days: posted
rates. S4.S6 and S4.SsE; commercial bills.
S4.S4a; 1853. Bar silver, 55ls; Mexican dol
lars. 4aR. Goyernbent bonds, steady: State
bends inactive: railroad bonds, irregular
Total bank ciearings week ended February
9TH 81 $50, 097, $40; increns. 1l.:i per cent.
Outside New York, S6T9,153,9Si; increase, So
pcr cent
STOCK QUOTATIONS.
Furnished by Messrs. SCOTT 4 STRINGFELoM,
Members New Yor.. stori: Exchange.
con account of continued Interruptions
in Geographic service, resulting from the
late storm the high and low quotations
could not be obtainedo
OPEN High Low. Close
A;ehison 1sA ~
Atcniscn I'D .............-- 49, tG9s