The times. [volume] (Richmond, Va.) 1890-1903, 1895-12-22
FINANCE AND COMMERCE
THE CLOSING gro TATIONS or
MONEY.
Offerings and Sales at the Richmond To-
bscco Eschangc--fntcrnaiR Revenue
Collcctions-Iorcign Advices.

NEW YORK. Dec. 2i.-The action Of
the senate yesterday IN unanimously
passing the li.i providing for tho iOrIna-
non q the Venezuelan boundary lead 10
hc@ty selling again this morning for
foreign accCrnt and this. with forced
sales by local operators, led TO "A sharp
break In prices. Al the opening OF The
stock Exchange blocks Of stocks for the
acoo Of ogt-Of-tOwn operators were
unable 10 respond 10 thc calls Tor mar
gus, were thrown overheard for any
thinR they would bring. and this au0cd
y the feeling Of uneasiness, because
there was no way II knowing whether
the brokers handing the VARIOUS deals
hhd been involved. President CleVc-
lands message on the finances sent in
10 Congress did not have the favorable
tucct on the market at the start mat
was looked for In certain quarters. In
Tact. In the first hour prices broke any
where from 20 l3 points. and. as yes
terday. there was no signs OF support
Ing orders in any direction. Cordage
guaranteed scored the banner loss. sell-
ing down l3 points from - TO L. The
failure Of L. IL Taylor g. Co. OF Phila-
doiphia VINO have collections IN this
city. and the suspension Of Hatch Bros
and II X Burras * Co. OF the local
Stock Exchange. We're announced IN the
order named. ana this accelerated the
downward movement. After the early
slump a steadicr tone set in. ana on
buying for investment account, as well
as fOr the purpose Of covering short
q
lowed London firms were buyers in
moderate way. The impression is that
the bulk OF the trading for this account
wds for the purpose Of covering short
contracts put out at higher figures. The
recovery In the market was taken adj
vantage Of by weakened holders 20 sell.
and IN the last hour new low records
were made for a number OF the leading
issuee Al this time Rock Island sold
DOM to 30. Pullman Palace to l40 Nam
haitian TO 81 Jersey Central 10 Ok. ana
Lacka wanna TO l5i, all the lowest of
the week The closing was fcverish
with operators rather anxious az to the
course 81 the sterling exchange market
and the GOLD movement next week II
was generally asreed that this is the key
10 tho situation. Reports were current
OF informal meetings Of bank presidents
and OF the likelihood Of tie closing of
the stock Exchange for TWO or three days
next week. but these reports were brand
ed as pure inventions by persons ln au-
thority. The transactions for the day
were 3l4NaS shares an unusually heavy
total FOR a half holiday. The railroad
further hnuidation for both home and
foreign account. At the decline local
investors bought the gilt-edge issues. and
a recovery from the lowest point was
recorded. transactions AGGREGATED So
The sales OF listed stocfs today ag-
gregatcd 30 64G snaAs ard OF unlisted
stocks CJ.;l. shares
Money offered at SO per cent after be-
Ing quoted at 5000 per cent. prime
mercantile paper, fil0Jis per cent Sterl-
ing exchange irregular with actual bust
ness in bankers bills at 4s7NisSi for
posted rates. 4ssisQ+Noil. commercial
bills 4S7N4S7i4 Bar silver GGia. Gov
eminent bonds lower. State bonds
weak Railroad bonds depressed. Sill
yer az the board was dull
Treasury Balances: Coin. s7s,G22 i55;
currency, 500. 5aG,624