The times. [volume] (Richmond, Va.) 1890-1903, 1894-03-06
FINANCE AND COMMERCE
THE CLOSING oUOTATIONs Or
NONEY.
Offerings and sales Il the RIchinord TO-
basco Exchangc-Internai Revenue
Collections Foreign Advices.

NEW YORK. March 5.-Hopes OF moot
nSu 'hIlI legislation By the senate 80,
eS o. up lively bull speculation al az, W.,
was more confident than Of late, and the
uhidFofaple features Of the sltuato"
were not permitted 10 exert any lniu-
ence on tne market Sterling eNchaisr
was stronger tnan ever making Iufultl
gold exports tolerahly certain. In fact,
uAitfs thefe Is a. material Increase ih
commercial bills before the end OF the
week. the French steamer viii take out
some gold, and ~ Is quite likely for for
eign bankers say that AN eliiux TO Lon
don may set in shortly. Neither the
likelihood OF an outnowing Of the yellow
metal nor the poor exhibit OF earnings
maze by some OF the roads from the
fourth week and month Of February
served 10 check the bulllsh tendency.
So far As railway earnings are concerned,
operators were disposed to accept them
as a reflection OF past conditions. and
not a forecast OF the future. American
Sugar was the good speculative card.
This stock advanced steadily 70 90, clos
ing al sy4. Nearly 1000 shares were
traded in, and the dealings were attended
by considerable excitement The rise
was assisted by reports that the regular
dividend OF 3 per cent. on the stock VIII
be declared by the directors this week
The rumOred formation OF a bull pool
TO take 5000 shares OF the stock d.d
not receive much credence The pre-
fer>ed stock jumped iis to 15l3. Lead,
General Electric and Whisky were also
in demand. Lead common advanced
2A. preferred ~, General Electric ~,
and Whisky y. Chicago Gas first rose
* 10 GIL. and then feil 10 G2A on the
revival OF the old Hyde Park opposition
and action by the Chicago Common Coun-
ell at their session tonight detrimental
10 the old concern Later on there was
a sharp rise 20 Glsl. The western rail-
way group attracted more attention than
for a long time past, and there were evil
dences that the bears in these stocks
had been defeated. Brokers who have
"A monopoly Of the business Of the Lake
wOod-uptOwn bear clique-weIe liberal
buyers Of the Changers and their pur-
chases stimulated the upward movement.
s.. Paul advanced 2, Illinois central Ia,
Rock Island rs. Burlington and Quincy
~. and Northwestern rs HE South
westerns. and notably Kansas and Texas
preferred and Missouri faclnc' were
stronger on a more active business. Louis
Vile and Nashville fell a 10 9'ts' ana
rallied 20 479kM41l2. THIS stock was
depressed by the big loss IN February
earnings The general market was
strengthened by a belief that the 81. PAU
and American Sugar directors WIZ declare
the regular dividends at their meetings
this week The market closed strong.
with an advancing tendency Total
sales were 302 900 shares. halfway and
miscellaneous bonds were very strong,
with an excellent demand.
Money on call has been easy AZ i per
cent last loan at ! per cent, and clos
ing offered at I per cent; primo mercan-
tile paper 40il2 per cent DAT SILVER
5S34; Mexican dollars, ~ oseilhs 'N-
change is strong, with actual business
i'm bankers bills at 4S1u4Ss12 for sixty
DAVIS and 4SSAQ4SSla for demand; posted
rates, 4SSU3SW2; commercial oihs' 4S"t2
G4SGs4 for sixty days ana 49, Tor demand.
Government bonds firm. state bonds dun.
Railroad bonds strong Silver at the
hoard was neglected.