The times. [volume] (Richmond, Va.) 1890-1903, 1895-11-19
FINANCE AND COMMERCE.
THE CLOSING UoTATIOyS or
MONEY.
Offerings and Sales nj the Richmond To-
bacco Eschance-InternaIR Revenue
Coiicctions-foreignA dvices.

NEW YORK, Nov. lS.-The general run
OF prominent stocks after an irregular
opening became strong and higher on
purchases by tho trading clement which
ieit encouraged by the splendid showing
made by the ST. Paul for the second
week OF November, AN increase OF S2sS.
i'y having been reported IN gross earn
IhsS, me absence OF disQuieting news
from foreign financial circles and The
TACT mat no gold will be forwarded by
to-mofrows European steamers In the
nTst houT prices advanced IJH1[ per
cent on this buying. Manhattan. The
pIhhtcrs, Sugar. General Electric and
thicako Gas leading. Sugar nrst fen
70 MS hut soon advanced TO lOlA, the
reduction in the price Of certain grades
OF refined having fallen fat. Later on
LONDON houses sold fully li.OoO shares
OF Reading, 81. Paul. and Louisville and
NashNilc. which encouraged the local
bears 10 make attacks on Manhattan.
Iobacco. and Western Union Reading
WIS The FIRST TO yield and fell x 10 jh.
The REORGANIZATION plan. which VIII be
gwen out this week. provides. u rs sara
FOR ~ per cent assessment on all the
securities below the general AZ. The
present incomes arc 10 receive new pre-
ferred stock. but the stockholders Will
set nothing for the cash put up. Some
or the large holders are talking or rSht-
Ing the plan unless the stock receives
some consideration. Manhattan rose 10
lOlk and broke 10 9SisNW Long stock
nounccment that the Metropolitan Irac-
lion was considering "a system Of under
ground trOllcys for its now lines haNin.
frightened timid holders. Tobacco drop
ped from SSa TO SJl4. with "A subsequent
rally 10 SGt. ST. Louis holders and
Well heaviest sellers at the decline.
Western Union was the weak feature
In the late trading, falling points 10
SIS on Judge Haran's decision. which
holds that the Union Pacific had no right
70 make lease principally giving the
Wcstcrul Union monopoly OF the teie-
graph business offered. A gain IN the list
was lost In the afternoon when reports
were freely circulated that at last
S2.DipVp would be- forwarded 10 Europe
this week. One commission house, 1t
was said has sold cables against $1,000
GO gold. and another banking firm, so
rumOr had H. VIII have 20 ship as much
either by Wednesdays or Thursday
steamer. No actual engagements have
az yet been psade. but with cables ~
tolerably certain that exports VIII be
made. Traders take tho matter calmly,
however. and the belief prevails that
some sort Of an understanding has been
arrived al by the powers mat be. and
local banking interests 10 replcnish the
treasury reserve when the proper time
arrives The market closed weak. the
active issues showing net losses OF 1iW2
per cent. for the day. Burlington and
Sugar gained d. per cent. and Leather
preferred / per cent Burlington's eX-
ccpuonal strength was ascribed 10 buy
Ing 10y one of the new speculative COM
binations Total sales were 2ol ..Sf
shares. Bonds were very irregular IN
tone Sales footed up Sn55,ppO
Money on call easy at li2N2 per cent.
last loan a. ~ per cent. and closing Of
.fered at ~ per cent. prime mercantile
paper. 505s per cent Bar silver, Or.
Mexican dollars, -. sterling EXCHANGE
IS very strong. with actual business IN
bankers bills at 4S7aiU4SS for sixty days
and fS.t04S,nt Tor demand. posted rates
4SSl5d $50: commercial bills 1867, 64S74.
Government bonds firm. State bonds
duh Railroad bonds irregular Silver
at the board was quiet.
Treasury Balances: Coin, $SG,o9l, 800;
currency, S97.61Oglf.