The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-11

nm CLOSING QUOTATIONS or
MONEI.
Offerings and sales at tho Richmond To
baeco Exehapge-intsrnal Revenue
Coil.e.iops-Foreign Advances.

NEW YORK. Dec. iO.-To-days market
- ,oac,,,al OF the contest between the
rcactionjsfs and the combined interests
which have embarked upon pun can,
naten The bears were encouraged ny
re evident stress under which the buiis
laborcd yesterday IN trying 10 sustain
values az weak points, ana they "tie
prepared for yigoroas measures 10 prt1h
Inc market Although they mad the ad-
vantage az She outset Of lower quota uons
from London. the earliest deals mere
showed advances. Sugar leading. bu,
that stock. together with Manhattan ana
he coalcrs, was soon weakened by hb-
cral offerings 20 realize, and the Ieac-
lion soon attracted the whole list There
were very heavy dealings In Northern
Pacific preferred, which has DccH an@Iply
advanced recently on rumors oi liberal
dividend 90 be declared to-day. covering
OF shorts I'm the final dealings and carry
Information Of the decision OF the direc.
tors 20 dlsbursc the first dividend OF l
per cent. caused rally OF nearly point
IN the stock but left a net loss 81 a sharp
fraction. The bears made vigorous at
tacks on all Of the stocks OF me Iocal
corporations which have been recently
advanced The break in this group broke
the market and prccipitated declines an
through the list. Many leading stocks
lost per cent or over. and some as much
as per cent The covering OF shorts az
the close and the rally in local transit
stocks reduced net losses In most cases
10 fractions. The stocks OF southern and
southwestern railroads were COMPARE
lively firm. and show the smallest losses.
Union Pacific showed a tendency TO rally.
though IL weakened somewhat later upon
a denial OF the story that the Reorgani-
cation Committee had offered the full
amount OF the Governments claim for "A
settlement Of the Pacific railway cOntrO-
versy. The general news of the day and
statements Of railway earnings. which
were favorable. were disregarded, ana
the course Of the market was due almost
entirely to the contest between profess
sional traders.
The feature Of the bond market was the
decline Of four points in the Kansas Pa
cihc consOls. due 10 the apprehension that
the possible purchase OF the ~ opcrty by
the Government may dcbar the holders
from share In the Union ''acific roor-
ganization plan. The demand for high
grade bonds continued good. ana mum
her Of gains Of from TO over per cent.
were shown. The speculative bonds react
"a somewhat I'm sympathy with stocks.
Total sales. 3.l5OOOO United States old
as. registered were advanced to-day *
bid and the IS X bid.
The total sales Of stocks were 343 800
shares. including Atchison preferred. 49,,
g52. Chesapeake and Ohio. 1880; Chicago.
Burlington and Quincy, 2f.JOJ; Louisville
and Nashville, 1850; Manhattan Ele-
waited 22S70: Missouri Pacific. 1j,1Si;
New Jersey central. 7.223: Northern Pa
cinc preferred 39.7l5; Rock Island, IS
04O. ST. Paul. 2jg10: Southern railway
preferred, l21Jl; American TOBACCO, Ob'z,
Chicago Great Western, 17,7J2; Peoples
Gas, 1870: Sugar. 1920
MONEY AND EXCHANGE.-Mone on
call easy az 1ihM2 per cent: last loan at
2 per cent. ard closed offered at 13iN2
per cent. prime mercantile paper, 3N4
per cent. Sterling exchange hrmer. with
actual business I'm bankers bills at 4S,as
for demand ana az 4S2ikn4s25. for sixty
DAYS. posted rates. 4S3iEd4si and 4SGiA6
4S7: commercial bills. 4S1H. Silver certih-
Gates. 5ShnJJH: bar silver. IS; Mexican
dollars. fGh. Government bonds strong;
state bonds dull. railroad bonds strong.
BANK CLEARGNGS-Th total bank
cicarinis for the week in the United
states were $l352 .2O23S1: per cent in
crease 2G7 Exclusive of New York.