The times. [volume] (Richmond, Va.) 1890-1903, 1897-05-05
FINANCE AND COMMERCE
THE CLOSING QUOTATIONS OF
MONEY.
Offerings and sales Mt the Richmond Tos
bacco Exchange-Intcrnsl Revenue
Collcotions-Foreigu Advances.

NEW YORK, May 4.-Several factors
combined TO give "A strong lone to the
market for stocks to-day. and the up
ward course of prices was practically
without interruption OF any reac'ionaiy
tendency AL day in nearly all OF the
standard shares. The day closed with a
burst OF animation ana buoyanCy OF
values which has not been equaiied on The
exchange for many weeks. The bears
were fairly driven into "a panic, and rush.
cd pell-mell TO cover, prices Jumping with
each succeeding sale. Large blocks Of me
principal stocks also changed hands IN
quick succession for 'he long account
The volume Of trading in the last hour
was very large, especially In SUfa),
though the trading extended pretty gem
orally throughout the active list. The
sales OF Sugar shares aggregated r. the
day over one-fourth the total saies, "1!ch
were 2lOOUO shares. a figure I'm eNccgs o.
any days sales for weeks There was
notable activity also in Chicago Gas. inc
Grane rs and Western Mon aa1 The ~
thraclte coal group was strong, .nodbh
not quite so conspicuous in the dealings.
The immediate cause for the .buOyNicy
for the market was the passing or inc
tariff bill In tho Senate. The prol ,rtes.
which are Immediately benefited ~ the
provisions of the amended bill led N the
van. but the presentation Of the III to-
day was unexpected In Wall stree. ara
the forwardness OF the work TOWARDS rs
enactment, where delay was counted upon
in the committee, gave ~ imrciis IN ail
securities on the list Sugar nltJia'. y de-
rived the greatest benefit OF tho .CDl'nsu
provisions OF the bill. al Tobacco ana
Leather did not participate IN The cams
which resulted ia other stocks fut me
strength Of the market was not al Cue 10
the presentation of The ;arin Dill. Inc
weakness OF the sterling exchange nor
ket indicated that further shipments OF
gold on Saturday were less than vas
thought. Demand sterling vas weak az
SASHA. and transactions occ iced AT Sa-f'
nat. Bankers have not, hJ~eNer' ueIINt
ly concluded not 10 ship. inc EouIu
stocks were the centre of he rears ei-
forts TO work "A reaction = nc marhet.
and were depressed. The total sole OF
stocks amounted 10 1920 shares, includ-
ing American Tobacco, 500; American
Sugar Refining, $500; Burlington ana
Quincy. 13.4OO. Chicago Gas, $500; Dela-
ware and Hudson. 6,9O0: Manhattan Con-
solldatod. $500, Missouri Pdclnc, aOOV'
Omaha. 300; Reading, 1850; ST Paul.
II 200; Western Mon Telegraph Company
10. 400
hallway bonds also moved UP on large
dealings Business was fairly well dis
tributed with the market deriving It's
chief strength from the favorable factors
operating in tho stock market The ag-
gregate sales were $172.0O0. Transactions
IN Governments were generally noted at
slight gains over yesterdays net close,
with the aggregate dealings amounting
TO $4,000.
MONEY AND EXCHANGE; Money on
call frmer at i5n2 per cent; last loan
1E.. closed al I6l4 per cent; prime mer-
Camille paper. 3i2Q4 per cent. Sterling
exchange weak. with actual business in
bankers bills at 4SThq4S715 for demand.
and at 4S6N8s64 for sixty days; posted
rates. 4s6Al4s7 and 4sSg 4ssl5; CONNER
cial bills. 4Sjq4S5h. Silver certificates,
GO7sl61H: bar silver. 60&. Government
bonds firm; State bonds dull; railroad
bonds firm.