The times. [volume] (Richmond, Va.) 1890-1903, 1897-05-15
FINANCE AND COMMERCE
TaB CLOSING QUOTATIONS or
MONEY.
Offerings and Sales at the Richmond To-
bacco Exchange-fnternal Revenus
CoIiections-Foreign Advances.

NEW YORK. May 14.--Jhe market was
under steady and unremltting pressure all
day from one source or another. and the
result S. wide gap IN tho total valua-
ton OF securities compared with the close
yesterday. which IL would require many
millions OF dollars 10 bridge. The only
cheerful factor in the market was some
small early buying for foreign account,
which. however, failed 10 sustain values,
and tho exceptional strength OF the Gould
shares. during the earlier hours Of trad
INK the bears narpcd industrOusly on the
developments ln the Cuban question and
the Governments proposed attitude to-
wards a.. The Washington advices were
held TO forcshddoW aggressive action by
the Government such as would be likely
TO embroil the country with Spain. When
later advices from the capital indicated
the miider character OF the measures
contemplated, and that they would pro-
badly Doe confined 10 the dispatch OF relief
10 distressed American citizens IN the
Island. the bears turned 10 the announce
ment or an additional shipment Of 81 ,2jO-
ON in gold bars by tO-mOrrOw's steamer.
This makes the total for the steamer
81 10000. whereas the selling Of stocks
earlier In the week was based upon an
ostmate that shipments would aggregate
oaWh.OoO. or even $4,000 600 IL Is sig
niicant also. that these shipments were
made on cablcd orders from Europe indi-
eating the special character OF demand
Tor the gold. The volume OF purchases
Of securities FOR foreign account during
the week has undoubtedly affected the
existing situation. Decrease In the week
for the value Of dry goods imported az
New York OF 81. 043 BOG As equally signln-
cant. The market was. however. under
vague apprehension that there would
come late news OF further heavy ship
mcnts. and the bears made this an CT
loctiVc instrument for keeping up the De
preston. Before any notable rally could
Id
dents OF the anthracite coal roads and
companies had received summons from
the AttOrncy-GcneraIs office az AlbanN
TO answer 20 charges or conspiracy uhutr
the new antitrust laws. Marked heavi-
ness developed as a result In all OF the
anthracite cOalors. and sympathy i'm the
entire list especially tn the industrials
which might be proceeded against on the
same charge as that brought against me
coal companies New Jersey Central fell
20 the lowest price Of the year under this
selling The extreme decline was u 10
75h The decline I'm the other coalers
ranged from & TO a. Sugar continued
heavy. and declined I The railway list
generally sold Off a large fraction. the
Crangcrs leading, but recovered a portion
81 the loss before the close. Rubber pfd.
lost T. The Gould shares were notable
exceptions TO the weakness Of the market
Manhattan especially showing a rise at
one time Of 1's with n subsequent reaction
% N. The gains I'm the others were con-
fined 20 fractions The closing was
steady the slight recoveries being well
hold. The total sale Of stocks for the
day amounted 20 13l 900 shares including
American Sugar Refinery. % 100: Rurling-
ton and Qaincy. 11.1o0: Chicago Gas. 10
500: Manhattan Consolidated, 1900; Read
ine 1000 81. Paul 1890; New Jersey
Central. 10 200.
Trading was I'm small volume I'm the rail-
way and miscelleaous bond market. with
frmness generally apparent IN the specu-
lative issues. The aggregate sales were
1896 OO0 The feature Of the Government
bond speculation was the purchase Of
block Of 5000 OOO Of the new coupon as
81 a slight advance. The general market
also displayed a hardening tendency. The
sales were sos. OO0
MONEY AND EXCHANGE: Money on
call easy AZ h0R per cent: prime mercan-
tile paper. 3i404 pcr cent. Sterling eX-
change steady. with actual business IN
bankers bills At 4S7h04SIh for demand
and al 4SGnG4SGB for sixty davs; posted
rates. 4e704SSi5: commercial bills. 4s5h0
4SlH Silver certificates. 6l%mbles; bar
silver. GiN. Mexican dollars. Az. Gov
eminent bonds nrmcr State bonds dulli
railroad bonds firm.
BANK Cr.FAPINGs: The total bank
ciearings for the week amounted 10 81 0O3.-
400 400. por cent dooroaeo l. q. exclusive
of New York. Sf47. SOC sos; per cent. de-
4