The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-02
TINANCEAND COMMERCE
raH CLOSING QUOTATIONS OF
nONEr.
Offerings and Sales at the Richmond To
bacco Eychange--Internal Revenue
Coliections-Foreign Advances.

NEW YORK. Dec with only signiil-
rsnf Interruptions prices tended steadily
award all day on the stock exchange,
slosing at about the highest Win Vsiy
m nearly an stocks. The advances at the
opening were trivial and trading was not
very active. but AZ the day advanced the
scopc OF the speculation broadened ana
,.si,med q more aggressive and confident
zone The strength OF the market deyelop-
I'd first In Sugar ana sp cad gradually
through the market, separate STOCKS Oe
nc advanced sharply one after the otprr
bsforc the whole market took up the
movement Missouri Pacific among others,
Michigan central. Illinois central ana Cot
ton OF pfd, were among the earliest Al
fected IN the order named. Later the
roalcrs developed strength and Il was not
uutu the closing hour that the grangers
and the market generally Responded IN
any marked degree. Some OF the STOCKS
which developed most ACTIVITY anu
strength yesterday we're somewhat neg
'ected to-day while the rest OF the market
rose to "A propOrtionate lever. me better
element did not yield without q struggle
and was not driven 10 cover TIL late IN
the day when the scramble OF the shorts
materially aided the rise. There was no
news Of Importance during the day, the
tullish sentiment being rather crystal
llzing OF yesterdays market. Rock ISL
and rcfunding scheme continued TO be
much talked OF as did the favorable ran
way statements for october. The BuriihB-
Ion statement especially WAS lultipitt'N
more favOrably than yesterday, the earn
lnrs reported being exceeded only by those
Of September OF this year. The small eN-
cess shown over the earnings OF OCTOBER
last year. Is due TO the fact that last
years earnings for that month were eX-
septionally large The almost total SUB
sidencc Of apprehension over the CUBAN
question also had It's effect There was
some awakening Of outside interest mani
fest in the buying through commission
houses. This was not on a large scale,
however. and the rise was Tor the most
part duo 10 the operations OF poWeIiu.I
combination. The Southern railroads
show a notable tendency to lag. The DC
tober statement OF Louisville and Nash
vile. Of this group showing as II did
heavy decrease ~ gross earnings; com
bined with an increase In the operating eN-
penscs which brought the decrease in
net earnings up TO 1927 .s3l.
II is significant Of the dullncss Of bust
ness which has prevailed in Wall street
for some time past that a stock exchange
scat which was offered AZ auction to-day
found no bidders. and was bought in for
$1,000 for the estate offering II. 1t
should be stated In this connection that
the ownership Of a seat does not carry
with II membership in the exchange with
out election, and that the customary
method Of selling seats IS through the Off
Gals OF the exchange itself NO impress
sion was made ON the money market to-
day by the periodical interest and diNi-
dcnd disbursements.
Inc tnnu market WAS SITOOE ana very
active. the speculative issues showing no
table advances. Total sales, s3,GOO.OO
United States new AS, advanced Is. bid.
The total sales OF stocks to-day were
10000 shares. including Atchison pfd. 8
729 Chicago p. and O.. 1870 Louisville
and Nashville 1880; Manhattan L.. 10.
S25. y. Y. c.. 5.2fA. n. w. 1895: Rock ISL
and % $50 81. Paul ~. 54s: st. Paul and
omaha. BIO; Union Pacific tr., 5023;
American Tobacco. 1855: Peoples Gas
rs GIj. Sugar. 81 $40. Western Union D.
ZOO Chicago G. W., S245.
MONEY AND EXCHANGE.--Mone on
call, easy at 1IaQ2 per cent: last loan, ~
ais per cent closed offered at ia per
cent. Prime mercantile paper. 3H3l5 per
cent. Sterling exchange easy. with actual
business in bankers billie at 4S5TN4 81 for
demand and at 1891 S3A for sixty days.
Posted rates. 4S4d4S7. Commercial bills.
4s2h. Silver certificates. 59h0GO: bar sill
YER. j9A Mexican dollars, 4G@ Govern
ment bonds firm: State bonds, dull; rail-
road bonds. strong.