The times. [volume] (Richmond, Va.) 1890-1903, 1894-05-11
FINANCE AND COMMERCE
THE CLOSING QUOTATIONS OF
MONEY
Offerings and Sales Mt the Richmord To-
batco Exchange-InternaI Revenue
Collections-Foreigp Adyic.

NEW YORK. May lO-Lower cables
from London, the poor exhibits Of earn
lngs by 81. Paul Tor the nrst week Of
May, ana the Illinois Central for April,
Tue generalization OF ereights az the
West and belief that at least s., 800, 900
BOD WI be shipped 70 Europe Oh Satur-
uay' All contributed TO a weak opening
IOT stocks Today. The decline. however,
was surprisingly small. in view Of the
uhidVOrdble factors mentioned, and was
much commented upon In stock circles.
Louisville and Nashville and Illinois Cen
tral, which scored the greatest losses
among the Rail ways, declined point
each General Electric was the weak
spot In the lndustrials, and dropped l9s
Ihe other prominent issues varied only
iracuonally either way, and the trading
was light The rates buyers hdd 10 pay
for Lake Shore and other active shares
created a little nervousness among the
shorts, and with II became evident that
the comparative heavine3s Of Louisville
and Nashville and General Electric was
without influence among the general j q;
a movement 10 cover set IN. which gath
cred force as the day advanced. The
nervousness became quite pronounced In
American Sugar i'm the last hour, and In
their activity TO get back their stock,
the bears bid up the price II these certi-
ncates. The stock opened at lOlii and
then rose TO 1913 with reaction at
the close to 1914. Chicago Gas moved
up ga 10 Gis on western advices that
the company had asked TO have the quo
warrantO case transferred 10 the Federal
Courts This move on the part OF the
company forced The small shorts into
covering. General Electric, after its
early decline. rose to 30's Lead also.
IN request and sold up TO 40, while To-
haccO gained T.. per cent, rising 10 0Gh.
The Railway list displayed considerable
strength late iu the day. and especially
rumors that the Government crop re-
ports. due after the close of business,
would be favorable. Northwestern was
strengthened 10y semi-0diCial statement
that during the past ten months the com
pany had earned its fun dividend lor
the present The stock advanced l'-,
Burlington -. ST. Paul ., Rock Island
g. Lake Shore I, and the other leading
stocks lsG', per cent Near the close
the demand from the bears ahatfd some
what. and prices yielded 20 8 per cent
The market left of steady at the reac-
ton The net gains for the day ranged
from i-ft3iS per cent, with Sugar M ihe
lead. The total transactions were lG2.-1
shares. Of which 81. 500 were sugar ~. FI
General Electric. and 1890 Chicago Gas.
Hallway and Miscellaneous bonds were
higher. Sales Listed stocks. $4,000
shares. unlisted 5000 shares
Money on call easy 20 ! per cent. last
loan at ] per cent. and closing offered
al per cent, prime mercantile paper
34N4 per cent Bar silver. Gus sterling
exchange steady. with actual business
IN bankers bills nj 4SIhNis7i2 for sixty
days and 1854 fSN3. for demand, posted
rates. 1851 Hi"o. commercial bills, iNF'i
G4ST. Government bonds gencrulH
steady State bonds firm. Railroad
bonds higher silver al the board was
Treasury Ealauces- Coin, S01553.ooo;
Curr nCy, So. t3jhOI.