The times. [volume] (Richmond, Va.) 1890-1903, 1897-03-30
FINANCE AND COMMERCE
1Hr CLOSING oUOrATI0Ns OF
MONEY.
Offerings and sales ut tho Richmond To
bacco Exchange--internsi 'e'e""o
,oiisctions-Torcign Advances.

NEW YORK. March 29.-The depres-
.ion in mo markets Tor securities on the
closing days OF last wees, CONSEQUENT
uuon the supreme Court decision ia INC
Trans Missouri Freight Association case,
vas Increased TO-DAY by news from tho
Nest about rate cutting and also D!
sdNlces from London ana the continent
OF more War-llkc feeling IN the eastern
question. Inc bears hau the upper manu-
and pushed their advantage with Nibvr'
being encouraged by the receipt OF num-
Crous selling orders by commission NOISES
from Philadelphia, Boston, ChicdbV' anu
other cities. The decline IN prices range"
from T. 20 80 per cent. and as the dowh-
ward movement made progress, many
kt0p orders were executed. Missouri
Pacific was singled out for SPECIAL az
tack, ON the reports current that the
company had taken the initiative IN rate
cutting by makins It reduction from tne
II guar schedule charges on eggs } MS
story afterwards mot with an emphatic
denial by President George could, VINO
Also pronounced the rumOrs about re-
ceivcrship for the company as being
without the slightest foundation IN TACT
Before the receipt Of Mr.. Goulds de-
nial. however. Missouri Pacific had drop
ped ga 10 AZ. other marked declines
IN the carly tradinc were * IN Rock
Island. ia in burlington and quincy, -
r. Northwestern. ~ i'm ST. Paul. ~ I'm
American Spirits preferred. in Atchi-
ron preferred. rs IN Tobacco, - IN
Omaha. and 1M I'M New York Central
During the afternoon. I'm addition 10 the
ocnials concerning Missouri Pacific came
the February statement Of the Chicago,
Burlington and quincy. which showed
q large increase in surplus as compared
with last year. and the announcement
o. am advance Of l-lGNiSc. in certain
grades Of refined sugar. The advances
Oat followed were equal 10 ia per cent.
IN Lake Shore. ~ Ina American Spirits
preferred. Ia in Jersey Central. and "a
to IL in the remainder OF the list Near
The close. however. the Changers de-
Nclopcd weakness. but the remainder of
thu list held firm. and the Improvement
noted was well maintained. The Gran
gers closed with only fractional recover
its. and in the case of Re Island tho
final sales we're at the lowest of the day.
kct changes show declines OF Aff2~ FER
cent. Rock Island leading. Lackawanna
gained =. Manhattan y. and Jersey Cen
tIal - per cent. Total sales of stocks
were 32S 3l6 shares, Of which 5000 were
0as. 900 Tobacco. 16 500 Missouri Pa
chic. 1G.1OO Reading. 1900 Burlington
end quincy. and II 500 AtchisOn pre-
ferrcd. The bond market was active and
weak to-day. The transactions agsre-
gated 81 COZ 600
MONEY AND EXCHANGE. Money on
call easy al lxWla. per cent. last loan at
~ per cent. and closing offered at y per
cent. prime mercantile paper. 3ls per
cent. Bar silver 62N. Sterling cX-
change firm. with actual business in
bankers bills al 4sJ4uiSG for sixty Gays
and 4S1tUiS7i9 for demand posted rates.
4SrisU4NS4, commercial bills. 4NilsIl>Ji3.
Government bonds firm. State bonds
steady. Railroad bonds weak. Silver
AT the board was heavy.
TREASURY BALANCES Coin. $780,
943JOli currency, Sh92ol lbl.