The times. [volume] (Richmond, Va.) 1890-1903, 1895-03-08
FINANCE AND COMMERCE
TEE olosINGQUorArToNs OF
MONEY.
offsrinxs and Sales t the Richmond To-
bRcco Exchanee-Int.rn al Revenue
Coneotions-foreign Advicea

NEW YORK, March 7.-American Sugar
monoyolizcd the dealings at the stock
Exchange, the stock figuring for l53WO
shares IN a total OF %62,Ooo shares LOT
the entire list. AZ times the extreme
ran high anu big blocks OF the stock
changed hands with great frequency.
OEo house bought GWD shares ana a
maxi dozen or so other firms handIca
lots OF 700 TO 5000 shares. The stock
opened at 9lA and then rose 10 va OF
the advance IN the price or rehneo .!
Lice. per pound. The rise brought OUT
heavy offerings and 81 reaction 10 Vl4
followed Brokers credited with actihs
for insiders were given up as seIItIa,
probably for tie purpose OF thio"ita
traders of the scent. ll was sO9 ,.nai e.
CO.. rcd. however, that certain capitalists
closed affiliated with lower wan street
interests. under cover OF these hdles,
were using other firms TO accum ulale
tho stock. When the oeSIs, w NIL 20 for
been pounding away az thc stoSh IUt
days found this out, thefe was Iusn
10 cover which developed INTO perez
scramble when it was announced th4t
the directors mad declared the DIVIDENDS
OF . pcr cent on the common ana ia
per cent on the preferred. The March
manipulatOrs ia the STOCK SUCCEEDED III
coverInl. their tracks pretty well, but
enough leaked out 60 convince the street
that the directors have been WORKING
al cross purposes for some time on the
dividend question, and that the Rave
meyer party had come out aheao, as
usual While nothing definite is known,
the Impression Is that the Brooklyn con-
tinccut favored a reduction In the divl-
dend rate. and that its followers have
been conducting their stock market Ope-
ratious accordingly, with the result that
they had 10 get back their shorts as
best they could. Outside of Sugar, which
closed at the top notch there was very
little TO the market. New York Central
and Baltimore AMI Ohio were weak
among the railroads. The first named
dropped from % 10 94Rn9J he decline
being accompanied by rumors of a cut
"a for until the 10Th instant. Wagers
i. ere offered to-day that the rate VIII
DE cut Baltimore and Ohio sold down
10 o.. the lowest yet reached in the
present downward movement, but later
rallied 20 Jjli. The general list moved
but later lost the Improvement when
New York Central developed weakness.
Ia the final dealings "a steadier tone
prevailed. The net changes were very
Irregular. some stocks showing gains
Of ltU5s per cent. and others losses Of
Evansville and Terrc Haute per cent.
Canadian Pacific lost = per cent. The
bond market was higher. The sales
Of listed stocks aggregated 1890 shares
ami unlisted stocks 1jH,OOO shares
Money ON call steady at per cent,
offered az = per cent; prime mercan-
tile paper 4AHj per cent. Bar silver,
COS Sterling exchange firm, with actual
business in bankers bills at 4S7@0iSS
for sixty days and 4S'GD4S94 for demand;
posted rates. 4sSlzpiD; commercidl bills.
NJ $3.50. Government bonds lower.
STATE bonds dun. Railroad bonds higher.
Silver at the board was GlEs bid
Treasury Balances-COin, $s6379, 900;
currency $1i31S,OO0