The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-19
TENDENCY
DOWN. ARD.
Double Holiday Increased
Stagnation Of Market.
PRICES WERE SLUGGISH
s Movement Was SReactionary and Close
Was Steady at Genera! Net Declines
Running to Point or More in a
Few Prcmlnant Stocks.
PRICES WERE SLUGGISH
tBy Associated press.)

NEW York, Feb iS,-The deslsien q
y Exchange to-day to suspend operations
from Friday evening until the following
Tuesday morning confirmed the tendency
the curtailment of activity prices moved
sluggishly and in an irregular way. but
i the downward tendency prevailed and the
cllnes running to point or more in a
few OF the prominent stocks. Amalga-
mated Copper was feature OF the trad
ba; Without i maintaining its highest price,
which reached a. This compared with
% in February OF last year, which was
the nSheS Of that p ths
year. There was nothing new to explain
the continued advance in the stock beyond
the current comment on the favorable
price OF metal rumors OF agreement by
contending Interests and the universal
activity and strength Of copper stocks as
o class, both here and abroad,!,
The sustaining influence OF this move
nent was supplemented early In the day
by the conclusion on the part OF interna--
by, to-morrow's steamer. Money went
higher in London to-day. but the advance
10 the sterling rate at Paris showed that
French sapa ready to n5s Ito TO
slight demand for money In Berlin indi-
cates that London borrowers may con-
tinne to resort to that centre. The local
money market was firmer again, to-day.
The deposit of $40o. 900 at the sub-Treasury
for transfer to New Orleans brings the
total for. that destination up to 600 for
the week. Customs collections also con-
tinue very large, so that the sub-Treas-
ury has taken from the banks $4,000 be-
fore to-day's transfers to New Orleans.
The movement to New Orleans is evident
" due to the speculative activity in the
cotton market.
While New York Exchange Is at dis
count at Chicago 1t Is not probable that
there Is any large movement Of currency
rom the West to New York Sterling
exchange continued strong in this mar
set these Ssv sas9ps al IN the
securities. The probability OF reductions
In railroad earnings owing to the storm
was another factor. The divisional bond
issue by Atchison and ,rrumors. Of a large
issue by the Louisville and Nashville
served as admonitions of the large cor
porate requirements overhanging the
There were sales OF subscription rights
stock issue at l5Adl44s.. Chicago and
OF Is points from, last months preceding
sale. The only other features Of the mar
ket were amongst minor stocks.
United States bonds were all unchanged
The total sales of stocks for the day
MONEY AND EXCHANGE-cLosE:
: Money on call steady at 2%as per cent;
closing, 2ISM3 per cent: time money
firmer; sixty days, 4 per cent. ninety
days. AZ per cent: six months. AZ per
cent; prime mercantile paper. 42.asA per
cent Sterling exchange strong with act
ual business in bankers bills at si.d.654
4.SI70 for demand and at A.A.60d4Sita
for sixty days; posted rates. st.S5G4.S5lh
and s4.sS64.sS1,; commercial bills. A.3s.1
!.S4H. Bar silver, 47&: Mexican dollars.
. kiat. H CI0Nernrnenf hnnds cfe dN.