The times. [volume] (Richmond, Va.) 1890-1903, 1896-12-18
FINANCEAND COMMERCE
NE CLOSING oUOrATIONs or
HONfI.
n1.r,ns. and sales ut the Richmond 10
bacco Isohangc-tntern"'
coiIcctions-Forcign Advances

NEW YORK. Dec. IA firm tone tone
characterized operations ~, xyaa
lxchaurr to-day. li' -, ,o,-
strong. owing 90 "a hiNi, "a mod
80, ,,,,,,'ta.es Of So. Paul. l.oulSFlh'
and Nashville. ana io".H'''r 49,. 80
account Tho sam az l",. - W.
,ouaI 10 ituIM per cent. is"""'. 'v,'
49, - mo greatest gain Shorh
.fter midday. however, the poud Hlo'f
were subjected 10 severe IHi"' anu " Do
der free oncriues for proi'asioiai G.
COMMIT declined i.u2i per cent. MANN a.
IAN ZEN 90 go. one broker alone ser ns
8 pOO shares a turn FOR the better oc-
.urrcd around l O'Clock, When III was
announced from Washington that Sec
rotary Biuey would appear bcioi" inc
senate Committee ON Foreign Auairf TO-
morrow TO argue against congress ohul
action on Cuban matters AT inns 'ilu'.
The adjournment Of tie senate uh't
Monday was also faVOiably fcctlNc'i bF
those operating for higher prices Tor
stocks. Following his development 'uc
whole market moved mp under purt l-r.e
FOR both the long and snort "''ouii,,'
The gam Ia prices was rqual 10 i2't-'i
per cent. and WAS well distributed. 20"
haCCO led the upward movement '."u
rose TO IA on talk OF the lNii 'iH'h'
Of the scrip issued early ln 'he year.
Rubber common rose 10 -Df.. ana was "l
demand ON the belief that me ulItttyiH
will declare dividend latti !" .n'
month CHICAGO Gas. Spirits, ktaniiis,
fNF irIHItfIr. ana isftAi. ittN fNt'''
VILE were all OuspicuOus ia the ADVANCE
Tho fact that the 81. Paul earnings lot
the second week or December h"ue
better showing than Ecncidlly Apc'l'V p
the decrease being only Sti,vyV mao "a
good effect on the Changers sfhtiau 81.
The chief topic Of thc day. however, " as
the possibility Of gold exports 10 - err
many next week. The opinion IN ny an
cial circles is that abOnt three mill ons
in gold will bee forwarded 10 ''iH any
next week II present conditions COM niue
20 prevail Money abroad IS ste AMY
hardening discounts I'm the open IN drket
in London to-day having adNinc ed 10
8A per cent. while rates mere are merely
nominal Again. sterling cNchW igc is
gradually strengthening, and lnterf 50 ana
dividend payments due TO tuiof next
month foot up "a very heavy tOta Do Au-
thorities agree that with the current
rates Of sterling the Imperial Bank OF
Germany, by allowing slight premium
and paying interest on the cons lSimcnt
while In transit. gold could und Oubtedly
b. drawn from this country. Spccula-
ton closed strong. Net changes show
gains Of I4N1 per cent. Manhattan and
Western Union lost 1gUts per cent. To-
bacco made an exceptional gain Of IA
rer cent Total sales were lI3J' shares.
Including 1920 Sugar, 2l.JJO Reading.
20 800 Burlington and quincy, ana I'-VO
81 Paul The bond market was strong
to-day The transactions aggregated
M0NEY AND EXCHANGE: Money IN
call easy at 1i4q2 per cent, liSt iVah ~
2 nor cent and closing offered "a per
cent: prime mercantile paper, per cent.
Bar silver COS Sterling exchange iirni.
with actual business in bankers bills ~
<S,4.a4Sl for sixty days ana 80 c4Ntta
for demand. posted rates. 4Slh2d4so,
commercial bills. 8splhsS312 GoN ern-
rnonf bonds dun. State bonds higher.
Railroad bonds firm. Silver at the
board wgs quiet. 49,
TREASURY BALANCES. Coin. SILL.
Csl. 59i. currency. Si6-Gl9, 702