The times. [volume] (Richmond, Va.) 1890-1903, 1895-12-21
FINANCE AND COMMERCE
THE CLOSING TaTIOyS or
MONEY.
offerings and Sales at the Richmond To-
bacco Exchange. internal Revenue
Collections Foreign Advices.

NEW YORK, Dee. 2o-Tho dealings at
were attended with unusual tkcltcintht
md prices broke badly. The Venezuelan
question ioomtu intO greater riOmint nee
anu t.c news relative 10 the proceed
inXs ~ " Washington vas scanned with
more concern. Before the opening OF
the local stock marKct 10 was known
here that prices for Americans In Lon
don bao broken anywhere nom 10
per cent. The result was great rush
10 sell stocks the minute The board
opened Tor business. London. Mhlch
has been selling our securities ever since
president Cicvelana's message on Nene-
zueia boundary matters was sent IN 10
Congress. turned up again al the Sidii
with hqWdaiing orders. and 10 Is csii-
mated sold about 5000 shares OF Nafi-
Gus American stocks. Local operators
who htY. become weakened financially
by the recent break in The lndustrial-,
were forced Go sell. ana thus add 20 the
depression so discrimination was USED,
tho gilt-cdgcd issues af well as the rat
tc-tfaps au being thrown on The mar
ket apparently regardless OF price. ku-
mOrS of heavy Withdrawals or gold fOr
export 20 EufOuc next week also mad q
dcmOTahN.E influence Some OF the
estimates were that ten millions would
De forwarded. but a. the end OF the day
no one could be found 10 confirm this
or anything like 10. Again money.
which has been ruling az per cent ana
under 10 Stock Exchange borrower,
her of banks began TO call In loans. The
firms forced TO the wall. Mcssfs. 5.
SANDS q CO. Nicn,o5 fro,6ninsh,am \
70, ano ne Ntul Flt 4" 20 in aus
Insolvency was due TO the failure Of their
customers 90 respond 20 call for margins.
At the Consolidated Exchange there Was
also two small failures. The OutpOuring
OF stock and the lack OF support from
any quarter led 20 a break OF anywhere
from I 10 lJi4 per cent National Lead
preferred declined l5g. Consolidated Gas
y. Delaware and Hudson T. National
Lead common :. Pacific Mail Ga Pull
man :. Omaha N Southern Railway pre-
fcrred 60. Tennessee Coal Z. Manhattan
*. Jersey Central =. New York Central
80. Illinois steel I. Louisville ana Nash
vine 1Oif Laclede Gas So. Lake Erie
and Western preferred :. Lake Shore IS.
General Electric ga Denver preferred
bi2 Lackawanna .. Colorado Fuel ~.
81 Paul ~. Burlington and Quincy o..
Northwestern a.. Chicago Gas ~, Kan
sas and Texas preferred .lls. ana Missouri
Pacific 81, The Canadian banks were
among The first 60 call I'm their loans.
and in answer 90 inquiries some OF fho
foreign capitalists said that they were
compelled 10 use the money TO purchase
exchange. borrowers We're compelled TO
seek elsewhere. and near the close the
Central Trust Company came IN the
market and offered SS.oWno1 which
broke the money rate from 80 10 per
cent. IN the final dealings the rate
worked back 10 30 per cent. The de-
cline in money started mp a little better
demand for stocks generally. and ON
purchases 10y bargain hunters and others
a recovery Of 1uI per cent took place
IN the STANDARD issues and II per cent.
IN Lead preferred. 4 rumor which mad
some influence AT this time was 10 the
effect that the head of the Belmont
Morgan syndicate had been called 10
Washington. Lead preferred rallied
TO Ni Tobacco j}, 10 -. Lake Shore
~ TO 1iF,. Louisville and Nashville -
10 40, Manhattan 10 100. New NoiN
Central G4 TO gSi5. Canada Southern "a
10 4G. Jersey Central ~ 10 .nis. Rock
Island Z to ~. Delaware and Hudson 20
Lake Shore 10 1iG. New York Central
;,a4 10 91i5 Susquehanna and Western .S
10 - Southern Railway preferred t't
TO 2Ga, Rubber . 20 - Leather preferred
-, 10 Ga. and Western I mon rs TO
S5R. The gain was not fully maintained.
however and in the final trading the
market was feVerish and unsettled Net
changes for the day show losses of lri
per cent. The total sales were i4i2i6
shares.
Money on call active AZ GQSO per cent.
and last loan at - per cent Bar sil-
yer. Gr, Sterling exchange unsettled,
with actual business I'm bankers hills al
fS7a. ass for sixty days and 4Sv0 fNpla
for demand. posted rates. iSSia1 i9o'3
commercial bills 4STNfS1l3. Government
bonds weak state bonds lower Rail
road bonds heavy Silver al the board
was dull.