The times. [volume] (Richmond, Va.) 1890-1903, 1897-05-14
FINANCE AND COMMERCE
rHR CLOSING QUOTATIONS or
MONEY.
Offerings and Sales at tho Richmond To-
bacco Exchangc--Intcrnal Revenue
Coliections-Foreign Advances.

NEW YORK. May 13.-Therc was not
singlo effective railylng point ia to-days
market. and the only interruption 70 the
saFging Of prices was the occasional brief
btiylng OF shorts IN SEINE few stocks 10
cover The strength Of American securi-
ties in London and the buying by London
IN this market. which have been factors
IN the last two days in sustaining tho
market. were less conspicuous to-day.
American stocks became heavy aud dull
IN London after the opening here. that
market apparently having become dis
couragcd az the persistent dstrust dis
played by the New York markets OF IT'S
own securities. quite a serious view also
was taken in the street Of the develop
ments al Washington, and the hints
thrown out hy parties 10 the confirmation
Of information In possession Of the Gov
eminent Of state OF affairs existing in
Cuba calling for interference. This. c0u-
pied with the suggestive course Of tie
Senate towards the Morgan resolution,
and q belief that IL will pass. was taken
as forcshadowing a moro aggressive Gu
ban policy on the part OF the admilstra-
ton. and tho dealers I'm stocks wore in
Ciincd by these adviCcs to discount
possible fall In values from strained rola-
tions with Spain on this question. a re-
port also found creGance that IL WAS IN
prospect 10 displacc the tariff bill IN the
Senate by the Cuban question as more
urgently calling for early settlement, 4
report which was used by the bears with
eood effect In adding 10 the weight on
the market. The announcement OF
81 1000 gold shipment by Saturdays
steamer. IN face OF a rather weak cN-
change market shows that the limit OF
pront Is not yet crossed with demand
sterling az S4S74. The exchange market
stincncd to some extent Just before the
close OF trading. and further shipments
81 gold are felt TO be not improbable. Al
though this probability was discounted
several day ago by the selling OF stocks
a sr,TI In flfs
narrow and professional market and ~
discouraginE trading. Although the day
sales were larger than those OF yesterday
there were no signs Of any outside inter
est IN tho market aside from Inc ueallhtS
for London account There was said 10
be selling as we'll as buying for London
account during the day. but the purchases
exceeded the sales by lo.OO shares,
fact TO be considered I'm connection WIN
the exchange situation. Tho Industrial
shares which were most largely traded
in namely Sugar and chicago Gas, were
under special pressure. ana althouBh they
were Influenced by special causes, the
volume Of transactions in them impaired
81 sympathetic heaviness 20 the general
list The Changers were quite frmly held
In the early tradlngs. but later succumbed
and showed n decline as great as the
average The losses were remarkably
uniform in all the most active stocks the
decline ranging from 4 TO IN. the latter
Leather pfd. The total sales OF stocks
for the day amounted TO S15i,0i5 shares
Including American Sugar Refinery, p
600: Burlington and quincy, 122OO; CHI
cago Gas. 1000; Reading. 1900; Rock
Island 400: ST. Paul, l9,GOO' western
Union. 1900.
Railway bonds easy off on light deal
ings, with the recessions unimportant IN
the leading mortgages. Some marked
losses were noted. however including 81
Louis and San Francisco Trust SIS, which
fell 4 Der cent, and Peoria, Decatur ana
Evansville lists y per cent. The aggre-
gate sales were SsT2 600 Governments
were in demand. and ruled frmer on pur-
chases Of 100000.
MONEY AND EXCHANGE: Money on
call easy at hNi5 per cent; last loan q
per cent. and closed offered az Z per
cent: prime mercantile paper. 3sn4 per
cent Sterling exchange steady with ac-
tual business in bankers hills Z at toc 4s7x@
4S7ik for demand and at 4s6Aa4s6A Tor
sixty davs. posted rates. 4S704sSiA. COM
morciaI bills. 4S5h. silver certificates. 81
dG1it: bar silver. COS: Mexican dollars.
Az Government bonds'frm, State bonds
dull: railroad bonds weak.