The times. [volume] (Richmond, Va.) 1890-1903, 1897-05-01
FINANCE AND COMMERCE
the CLOSING QUOTATIONS OF
MOAEi.
Offerings aud sales al the Richmond los
bacoo EAchsBge-internsi Revenue
Collections Foreign Advances.

NEW YORK. April SO-~The prices OF
the active railway stVcAs scored an aver
ago net loss 81 about "A per cont. to-day
wnloh - pTouaoiy a lar measure OK the
luAuoADo upOa the STOCK market OF the
heavy shipments Of god 10 Europe by
tomorrow steamer. some of the losses
were heavy. and some wer0 less, but IL
Ma. because lncy were Influenced bV spc-
tlal causes. Bear sentiment perNadcd tie
market quite generally, but TIE DEALINGS
were most strictly confined TO professional
trading. transactions were small ana
uueNculy distributed. Only Sugar was
dealt in 20 an amount Of 1000 shares.
aud thc total sales were less than lou. 900
shares. The fluctuations We're narrow,
and outside interest ia the market was
absolutely dead Tho condition Of the
market Tor American securities in London
was equally uul, partly because tO-mOr-
row is "a holiday in that market. The
value is already represented by the gold
shipments IS unQuestionably a surprise
ana "a disappointment 10 al noiaels ar
securities. hc Withdrawals Of gold from
London for Austria and Japan for some
time past had prepared observers for u
REELECTED demand here but Il was cN
pcctcd Co result I'm transactions in the
nature OF purchases of goid with a Ouid
pro quo 10 cover premium. The lower
price az which sterling demand bills are
selling indicates that some such trans
aciinnS are being made, but the large
volume Of tho shipments shows. also that
lhtio must Dee "a legitimate demand Ter
rtmittunCcs 20 meet adverse exchange
growing ont of trade conditions. To-
morrow shipments will be S4OO0,Wp
lNHklne the total for the week $6,4IIuut
ufthtr shipments OF from SiJOWO 10
Sl.nINuNu are already announced for next
tuesday, That this has created feeling
az uncasiucss among capitalists IS OBJ
Nlou~ from the barometer Of the Stock
exchange to-day. Tho heaviest declines
were in the Coalcrs and some Of the In
. e. . Id los
I.ackawauna -. and Reading common
ana Heading second pfa "a point each.
Leather pld and Rubber also suffered 10
tne extent OF "a. and Tobacco. Rubber pid
and Western nlOn declined a point each.
IN the railway list Northern Pacific show
cd tho heaviest decline of %. and the
preferred stock came next with Us. Hook
ing Valley fell luia. the lowest i'm the re-
cord Of the stock. Burlington, Louisville
and Nashville. Lake Shore. Omaha and
Sake Eric and Western each fell q point.
There was fractional rally at the cl0se,
which made net declines somewhat less
than these figures. Pacific Mail was an
exception. and displayed sufficient
strength IN the closing dealings 10 estab-
li-h net gain OF point. Standard on
sold to-day az 300. Tho Total sale OF
stocks was 80 200 shares including Amer
lean Sugar Refinery. l2.5O0: Burlington
Reading. 200: ST. Paul. $500; Western
Union Telegraph Company, $500; New
Jersey Central 1900.
Tho bond market ruled depressed I'm
sympathy with the hcaviness OF the share
speculation. The losses however, were
not material. eXcept In remote cases
some few issues were conspicuous for
strength notably Norfolk and Western.
and New River hrsts which advanced
per cent The sales We're $500 nOO. Gov
crnmcnts We're active and generally firm,
with sales of SffOOO
MONEY AND EXCHANGE: Money on
call easy az i,Nia per cent; last loan y,
and closed i0M per cent; prime mercan-
tile paper %s0i ner cent Sterling ex-
change weak with actual business I'm
bankers hin az 4s7h04S7M for demand
and ar 1861 for sixty days posted rates,
iS704STfb and 4SSiSff4SG: commercial bills.
is1i5 Silver certificates 61i4WG2. bar sill
-er Gfh. Government bonds firm State
bonds dun. railroad bonds weak. Pctro-