The times. [volume] (Richmond, Va.) 1890-1903, 1894-12-04
FINANCE AND COMMERCE
THE CLOSING QUOTATIONS of
MONEY
Gnsrisgs .nd Sales ~ the Richmond To-
baeco Excl an .e--1ut, rnal Revenue
CoIiectious-Forsign Adviees.

NEW YORK, Dec. 3.--American Sugar
LED the list in point u activity TO-DAY.
the sales Of the stock footing up lVz,-p
shares, In a grand total or Gj+,Jil snares:
II opened at sya, Tell 10 SIS 1unipeo
TO so., dropped 20 IA, and rallied 10
st3t .s,s. The early rise was que 10
the announcement That the rnanasemeht
OF the company had thought better Oh
is original intention OF cohlpiets ,, snut
down OF the renneries, and had ordered
the resumption OF WORK at the Williams
burg plants. TINS induced consideraple
DuyIng OF shorts to cover, nut Wnell
the Presidents message became puDiio
there was a rush TO sell. ana the stoch
fell to the lowest point Tor long pHle
past. Run1ors about the DIVIDEND, Whlcn
IS TO be decided either Wednesday Ut
Thursday, helped to keep the STOCK iever-
ism insiders are SAID TO be at logger
heads regarding the rate. In usually
we'll informed quarters, 1t Is beneveu
that Havemeyers interest," ,.,, ia corry Their
point, now that President Cleveland has
come out in such strong terms against
the company. Chicago Gas ana Lead
were heavy on lquidations, the former
40. Gas was influenced by rumors
of a reduction in the dividend rate ana
Lead on the belief that Congress would
reduce the protection enjoyed by me
smelling interest. The preferred dropped
~, TO S}% The general market was
weakened in the early trading by the
advance in sterling exchange, which re-
vlyed the talk about gold exports, a
number of bankers now assert that the
chances favor shipments OF the yellow
metal this week. The early decline
averaged = per cent. After WINE lhe
market cut away from the lndustrials
and moved up all along the iine' tne
views of President Cleveland In his mes
sage to Congress on currency reIoII,,
having been well received. covering OF
short contracts attracted special atten-
ton This movement was most pro
nounced i'm the Changers, one hrm nav
ing bought about lo,Vo shares OF NORTH
western. This concern, mas peen Pich-
ing up ST. Paul and Northwestern re-
Gently and allowing for matched ORDERS
manipuIatlon. etc, IL must have secured
round amount Of the STOCKS OF , ia.e.
Whether this means chahse on Hoht
ON the part OF the bear operator VINO
has his account with the firm IN ques-
ton remains to be seen. The improve
ment i'm the general list ranged rom q
TO IL, per cent, Northwestern leadihs,
The market was strengthened IN the Iate
dealings by the announcement that the
Lehigh Valley road had agreed 10
reduction in output for December anu anu
TO tidewater line and other prices. rms
was accepted as meaning that tne III
dependent operators had been brought
INTO line The market closed firm, with
the exception Of Sugar. Net changes
show gains of Il to Ia per cent. Lacka-
wanna gained "a per cent: on light trad;
ing e. Sugar lost rs, preferred n Lead
preeferred tx, Pacific Mail TX; Tobacco
rscovered 3 10 % Railway bonds were
firm and moderately active. Sales OF
listed stocks aggregated 125,OOO shares;
unlisted. 10000 shares. 90, 900.
treasury Balances-Coin. sll3,2S'noi
0SWI Money on call easy at 1Tt1a per cent, last
lean at l per cent, and closing Offered r
3iL44ib per cent. Bar silver, 6lf7 Sterilng
Exchange is strong. with actual business
IN hanRers' bills at 4SGkq4s1 for siXA
davs and 4s7a, d4Ss for demand, posts
rsiss tS7lJu4s3; commercial bills, ls3h
G4SGI,. Government bonds ntm. ot S,i
bonds dull. Railroad bonds hisher' OH
yer at the board was 6I1s.