The times. [volume] (Richmond, Va.) 1890-1903, 1893-12-19
FINANCEANDCOMMERCE
HE CLOsfS0 0tOTATIONs OF
HOSBf.
Offerings ana Sales att o Richmond To-
bacco Exchsnge-lnternsi Retenuc
ColIecti,ns-Foreign Advices.

NEW YORK, Dec. 1s.-Business was
more active at the Stock Exchange to-
day, but the inactivity was at the ex-
pense OF values. From start 20 finish the
board demonstrated their ability TO con-
troll the course Of prices. They were
favored by developments such as the
liquidation on New England, the advance
In the rate for the sterling exchange,
and the poor showing of the 81. Paul
for the second week OF December. The
break i'm New England from y 20 2ii5
naturally led 20 q good deal OF talk. IL
was said that Philadelphia and Boston
holders were sellers on account Of in
ternai discussions. Ofhciais here knew
OF no reason why the stock should have
suffered such a decline as was recorded
to-day. and stated without reserve that
the January interest would be met, the
bears alone having circulated stories that
the payment Of fixed charge about due
January LIST was doubtful. The stock
was heavily traded In. over 5000 shares
exchanging hands. The loss in the st.
Paul earnings had its effect on the other
Changers. and this group reached the
lowest figures for a long time. ST. Paul
fell Is, Northwest TX. burlington and
Quincy Is, Rock Island =, and -. Paul
and Omaha 1M. The trunk lines were
priced Vanderbilt issues. New York
Central sold dOwn ] to lOUa regular. Ii
brought Ett seller, sixty days, and was
offered al 9SHi seller ninety days. The
EANhh as AAllutlAfNA " ~ tullUI IEOfn
London that the company had arranged
for the sale Of five million new 4 per cent.
bonds TO pay for the New York and
Northern and other acquisitions IN the
shape Of Improvements. Lake Shore
fell ~ per cent. on sales Of 4,415 shares.
Las, week the total transactions on the
stock were 2.2li shares. In the Authra-
cite Coal, Jersey Central. n Lacka-
wanna were without sale. Reading and
Delaware and HUDSON. however, were
weak, The former declined ! TO 1915
and the latter ~ 10 a early in the day.
whisky and Sugar were strong. scoring
advances of y per cent to 2s& and 81
respectively. The carly strength of
Whisky was attributed 10 the decision
rendered I'm Milwaukee sustaining the
concerns rebate system. There were
undoubtedly ncayy POPULATIONS to-day,
and the best opinion is that the mar
ket Is heavy, and this was corroborated
by the premiums commanded BY the large
issue. The bears are basing the deals
on the theory hat Congress will be I'M
able 20 dispose Of the tariff question
for some time { come, and the likelihood
or gold exports. as wen as per railroad
earnings. IN the other hand. the bulls
are pinning their faitn 70 easy money.
but are not active b." any means. Late
in we gay - =. Morgan and Third Vice
president WEBB denied that the New
YORK Central intended 10 make a new
bond issue, as rumored from London.
ihere was .. disposition 10 cover short
contracts nee the close. and Il rally OF
IINllt Der Cc4t. cnsucG. The sales were
2hup shares. IE the active stocks con-
solidated Gas dropped 81. Nashville and
Chattanooga I. Morris & Essex %. Alton
ana Ierre Haute ~. Baltimore and Ohio
~ and Wheeling and Lake Erie u to
F9i2. Railway and miscellaneous bonds
were weak.
Money on call closing easy. ranging
from J 10 ~ per cent. last loan at ~,
per cent. % closing az ~ per cent.