The times. [volume] (Richmond, Va.) 1890-1903, 1897-05-06
FINANCE AND COMMERCE
the CLOSING QUOTATIONS. OF
MONEY.
Offerings aud Sales at the Richmond los
bacco FschsnEe-Internai Revenue
OBSERVATION-DISCLOSURES Advances

NEW YORK. May D. To-days market
Was reactioHary throughout and very
many stocks showed loss OF a point OF
over on the days transactions. the gain
OF yesterday beng for the most part lost.
The activity OF the dealings was consd-
crably diminished. as compared with yes
terday the total of the shares gold being
some nifty thousand less than yesterday.
OF to-day'S sales icarly halt were OF
Sugar and Chicago Gas. Outside OF these
Western Union was the only notably ac-
tive stock on the list. The Gould stocks,
all Of them, and the coolers We're depress-
ing influences in the market to some ex-
tent, the former seeming 20 be totally
lacking in rcsiiicncy until the final trans-
actions OF the day. when they rallied
fraction. There was what looked Ike
liquidation in all OF these stocks. end
many rumors bearing on this were set
aiioat 10 help on the decline. The ;urbu-
lent rush 20 cover of the shorts .ast night
left that interest largely depleted in to-
days market, and there was 10 resulting
pressure 10 buy. There WIS DeNdes. the
natural reaction from yesterdays up
ward rush on proft-tahing. 11hc lower
prices OF Americans in London bpclped the
decline 10 soinc extent, though rot fuily
10 the London parity until that market
had sold several thousand shares IF the
leading international stocks IN these were
all contributary causes 10 the depression
But the principal motive Of the sehlnS
was Undoubtedly modification u inc
was assured of a speedy enactment INTO
law. Reports found currency early in the
day OF expressions OF dissatisfaction WIN
the bill by prominent members OF ihe
House OF Representatives. and espeCaily
OF determined hostility TO schedules.
which are viewed with most interest IN
Wall street. Seeing the tenderness OF me
market the traders embarked upon Sill
ing movement to-day to discount the de-
feat Of the Anglo-Amcrican treaty IN the
Senate. the vote upon which was not
taken when the market closed. There was
10 evidence I'm this OF any deep-seated
timidity on the part OF capital lest me
defeat OF the treaty should lead TO inter-
national complications. IL was rather
manouvrc of present traders. which was
effective in a. narrow market, ana Wnlch
was based upon supposluon that Lon
don will sell American securities on tne
defeat Of the treaty The day was mark
cd by a further decline on the rates OF
sterling exchange demand touching $751;
and sixty days S4.S524. and the subsistence
of approhcnsiOns OF further gold snip
mcnts on Saturday, which are now con-
sidered highly improbable. Rumors OF an
agreement by an exchange house not 10
ship more gold was denied but there were
coupled with the statement that further
shipments we're not likely this week. The
total sale Of stocks was 15T.347 shares,
including American Tobacco $500; Amer
lean Sugar Refinery. 4i.sOO; Burlington
and Quincy, 900: Chicago Gas. 2j.1OO;
Manhattan Consolidated. 5000; st. Paul,
10000: Western Union Telegraph, $500.
MONEY AND EXCHANGE: Money on
call easy at 1k02 per cent; last loan y;
closed i5d2t per cent, prime mercantile
paper 3i5q4 per cent. Sterling exchange
weak, with actual business in bankers
bills at 4S7Q4S7is for demand, and at
5s5&n4SG for sixty days; posted rates.
4S6i5q4S7 and 4SsQ4SSlk: commercial bills.
4S5G4S5A Silver certificates. 61h66lS:
bar silver. sos: Mexican dollars, 47si.
Government bonds hrmer; state bonds
dull: railroad bonds easier