The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-07
FINANCE AND COMMERCE
TsB CLOSING QUOTATIONS OF
mONEr.
oa.vi,rsaoa sales At the Richmond To
bscco Exobange-intsrnsi hevenne
Observation-Disclosures Advances.

Npyy WORK. Dec. 6.--Althollsh specu-
ia,,,,s In efock ks have sought Up influence
pric.s for several days on surmtses OF
iIo presidents message, the ctual puD
Vro.i., IN that document to-dsty h3d Mt
- a~,,,sl effect There was nothing IN
~ "a, Sarn.. a. a surprise. air nost every
nalnf having been accurately loretoiu;
r. n-iccs OF stocks have been. advanced
a. .o,ne extent In anticipation, and there
go some expectation that its publication
-o,id be met by a decline. caus Ell by rear
t.ing sales, but the market n ED steauy
80 its publication until a raid was
asde in the hnal nour. "n WI ~ Jersey
-ouragcd by the weakness OF New JeIhSy
central The Union Pacific w - direc'ly
s0ected by the paragraph devo'eu 70 IL
ln the message, and declined hcdIly
point. Most OF the day mo .c,ii '.,,.oo VI
nrices was heavier, due 10 spec ial causes
erd was more marked IN the speciaiues.
sugar was the leader In point OF activity
and strength and advanced a., one lline
80 points Some OF TO-DAY - .SiI LI. o.iu
tfafements Of earnings for the fourth week
~ Novcmber were so favOra BILE as TO
liff the priccs Of their stocks. This was
notably true OF Missouri rae INC, whlch
showed a p Increase OF S2Ib0pO n earnings,
and n louisville Of $4,000 Caiii Each OF
these stocks rose "A point. Clev Gland. Lor-
raine and Wheeling preferred moved w
2ib points on the Increased earn ings SHOWN
for the month. and the Southe an railway
preferred rose from the same cause. The
coalors were decidedly weak, lscw Jersey
Central conspicuously so, and IL was a
break OF 2h points from the highest IN
this stock. which encouraged the late raid
by the bears. and lowered the level OF
prices throughout the market lennsyl-
vania declined X with no news. Ihe
money market continued notably easy,
and n was reported that large sums are
offering on time loans FOR Cl1cago ana
other western banks in this market. NOT
withStanding tho ease Of money ana
sharp stiffening i'm the discount rate, both
I'm London and Berlin. sterling exchange
was weak. posted rates being reduced Nc.
for both long and short bills, and actual
business being done at &c lower rates ioi
long bills and demand cables IN LONDON;
The bond market was active. with the
execution Of an interval of dizziness at
midday. and prices advanced without In
terruptiOn. Total sales. 3.1SO,OO. United
states bonds were unchanged IN bid price.
There was a sale OF the new As, coupon,
az 1881 the highest record.
The total sales Of stocks were $4,000
shares. including Chicago, Burlington and
Quincy II 42O. Manhattan Elevated. d.
052 Missouri Pacific 1910, New Jersey
Central. 14552 Northern Pacific pre-
ferred. II 1872. Rock Island. 1882: St
500: American Tobacco. 20.3l4; Peoples
Gas ~ 1875; Sugar. 71,0Oi; Chicago Great
Western, 1910.
MONEY AND EXCHANGE Money or
call easy at 1i2n2 per cent; LIST loan
per cent: closed offered at 1%02 per
cent. prime mercantile pepper. 3n4 per
cent. Sterling exchange weak, with &C
tual business bankers bills NJ 4SJ3n
4s5% To- demand and at 4S2% for sixty
49,. commercial bills. 4S2 Silver certih-
Gates 59i6dGOi5 bar silver. 60; Mexican
dollars A. Government bonds firm;
State bonds dull. railroad. bonds strong.