The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-25
FINANCE AND COMMERCE
THB CLOSING QUOTATIONS OF
ifONEI.
OaeripEs and Sales at the l1c""o"" TO-
bscco Exchange-Internsl hs'e""e
CoIsecfious.-Forei en- Advantes'

been such notable i'"'"'' o." -
market ala the wNok. opened WIN 1870
bound upwards tnN ,''o. ''''' 61rtnx me
49, 81, o,oat ftR.ng. these stocks SvS'N
al lie highest. lnh'd ANshesS 10. 80
gain on - points Tor int M''". "Dt,, -,
gains were also eNtcudeG in Meifopon ~,
10 ~. and m Manhattan d" 'i4. ~, go
b,,osIn,v boo these spc rihtlca aP' 80
fhrcugh the ust The levN or prizes ~
ihs indusrials and in the GranstIs va
AZ one ffne from / 90 > pohts above ~.
nights close. During the islci""oh We
market took ON a DISTINCT eif ho''u"F
character and fell df tmfA ti'' '.1s','
flOu There wds no particular -.
account for tho movement ~ ,.,-
fnsNru the bank afltemtli WIN ~ Wv
crease OF over SfNup 90 iu inc nNT'ii'7 ~
serve. had the effect Of ch'n kik 'tV
tfitv u thc market lof thf itliN
Do tact the market dd ue' 't"D ~.
srmc animation aEuu dotlne tn' i'u'"
Ter OF tho a4e even When enc tliii''+i, &C.
mont was made oi iHc rN+.7' uu' "a.
shipment from England hE to-mo'i "M
steamer of 500 Ntu In gold TUG bliA
stafcmcui Rus about what WIS eApe,teu
and reflected a. portion OF lani W'th
u.ou puc.nc operations mot nrIu"co lii
laaf wccks statement. Tile heavy pdl-
ancc of over S1np nsu Boo the clearing
house sfHtem'ut undoubtedly rcuect optl-
afiors boz connection with MonoiF pay
meui of s~.fWtNo on account OBJ i"" 'hi't
Pacific sHir. 1u-Iays shipment oi So."
n
BOZ case az undue sffiugo1ty 100 inc ip."t
money market also indicates me hrnei
that The present hardness of money Ialn'
d. Nkely tu fnHrrt Ter To- cpuaidctfn l' inns
without relief 30 lHs come to DE- gen
orally recognized thIl large imports OF
gold win hp necessary tu settle our eAl7'-
ink TRADE balance with Europe is INC C..
Ucrtfd import rONewt uf 0i mrI'ha l"i0t
does not dcyel0po Put th0 present hlI9-
ness oi money ncrr ~ was fept"-'t,
would Be- of snort duration. and Woud
thus defer th' gold movement a0 l''1
as high rates continue tn prevail in Lon
don anl Berlin. There was oNpfClAliv"
after fhn days c1Ea -cment was "hio'i.'
cd tIaf There would uN lurihtr foiu ~
perfection noNt week. Nne stock mli hc'
has b.oI characteristics ot IRE period m
mcdiatflt preceding the holiday me
deals amounted to loss cham 100000 shares
a daI and Che movement oi prices hats
been slulgI b. and narrow. except iu spo-
ci1l cas- t. This was due in part 90 the
natural d'Ffc tiou to close up accounts
al tlo fud oI tnH NUtr ana partly %"
tho neglect of business lu favor OF prep
arstious for tho hoiidays
There Is natural tendency Tor prices
Co sfg in such H market bnl prices nave
yielded only lightly during tHc week ana
have Gully recovered. They were partly
SUSTAINED ll fhc strength of indiVldual
stocks duo ~ epc' la. causes ana puriI
lv "a decline ~ Tho fears " any violent
str'nceurr u thn money Warkrt. l."si
weeks payment On ODE Union inr.h' &C.
count mhOuf $500 Hn was turned mo
Tho treasury iu cash. similar amount
t ..,.,,c,.r,,.
~. ,.. c,,, .r .f,t. .,,,,,,nt
I $3.50. d.. ,. t,,t t,,,i,e DO .i,a cow
,,,r,',,, I,-fe . s.,1irfty arc forth
t,rr,irr r.. tr.1. ,stf,,otoe that dis
f,.rs.,,,....t. Co.,, ,,i.,,.,..i,r az rho Pa
Ia - M b...f.,i,,. ,-,b will
,,,,,.,.t d.. st-.aon., ...,o rs,.r,enfs here
.oeo-r ,.,,., ID. ftD f-rion Pacific evrdl-
,,t, o. ,.. .,.,...,.,,,,rf .rc eful on de-
,.(.t ia, N., y,~f, l.rL. 10 vul thus
g., ... .f tl ,.,o,,,,. ,,,,ri,Dt B. secure
lit..l., fr,n ,b, r-nion
NJ, ...... t'ro... fer,t,r,- Isl uf-
..., 20 -, ,,u i.. .l
~ il, LII tt,.i die
'lrlIsl'l 10y o., ''.''... ~, b., ~.
~ i.. .tui b., be-
,or,a-.S ,''lI. t, i,. r.,io1 t.rore nov
,.,e,.e 60, th.t d3tI Tho .rll pav-
' l', ,,... ,.,'..l. f,nn.rr ,lh ON
AZ I'M t..l tl ..,,,..,.,,r,ent e,iu dis
49,. i, tt.r'.. ..i.ii,'< IONS ana redeem
t,. la tr ft..i., i.,rde II is
,stt,,.t.T -bat tt. ao,.ornrnert am have
g .tolit lYlanra after tho clearings Incl
dent to fhr Union Pacific 'uvmcnt the
r.dap,rtf.u of tb. Pacific bonds and the
ravments of January interest If nearly
toOGOoO0o which vUl bee. for the time bee
irp on d,po-it I'm Now York banks. This
lal4rre viii he subject to withdrawal
from thp money market or 30 the con-
fIngcnrlns of ID possible continuing dchct
in the government revenues Tie care
with which fhcs. largo transactions have
l.er ARRANGED DO sn4.t one another Deg
believed a. hryc assured thc c0untry's
money siipnlv AGAINST any violent and
sudden lamentations. but tnr loan rate iS
expected 90 hold finn at or above the
prf.erf rate for several weeks The
.fttrt