The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-17
FINANCEAND COMMERCE
mn CLOSING QUOTATIONS or
MONEI.
Offerings and Sales at the Richmond To
bacco Exchange-internai revenue
Collections Foreign Advances


NEW YORK. Dec I6.-The hardening
of the rate for call money has taken the
hear, out OF speculation In securities for
the time being. The rate for call money
held firm az 3 per cent. to-day until near
tho close OF the stock market when there
were transactions at per cent. with
offcrines az 1Nc. The Union Pacific re
orqauization Committee paid into the sun
Treasury SS.JOo.OpO In cash. the credit pai-
ance Of that institution at the clearing,
house being 81 677 .T39. II r. the genera
belief in banking circles that call money
will not yield below per cent before
the end OF the year. and may RUE hlShcr
The accumulation Of funds IN anucip,,-
lion Of January disbursements OF oiNluehuS
and interest will make further demanu on
tho money market Bankers depfccate
that there Is any strngepcy OF money III
prospect in view OF the Iact lhdt tnc
Government will redeem the currency 70, " =
10 the amount Of over f-''uv'f. a.. a m,
comber 24th. before the next installInei.'
Is due on the Union Iaciuc payment
Rates for time money for the shorter pc
RODS were marked mp to-day, as WEI %
those for call money. the qu0tallon pelns
9i5li4 per cent. for sixty ana ninety uaS .
kfthough there Us still some movement OF
curreucv TO points I'm the South ana Ntsl,
The sUffcning Of the money rate mere WIS
reflected In "a rise I'm the rate OF opmeS
exchange on New York AZ interior po'n'a'
Tho rate for sterling exchange also r.
NnnfMfn
and actual rates &c. This was q 80
clear indication OF the resources al c"iiil
nnaud h6th IN tho large crcdlls hoI ~"
and In the abundance OF money III w 20
terror deposits being reported u pout
,tnprecedcnfcd volume and prices OF bn'
odecd securities for Investment az w
highest level known. Both ocpos'S a -
loans Of New York clearinghouse paI1nr
are at high-water marx tincc-- ico aoo
amounting on Saturosayy zoo "rhSo ioans in,
anu ~, - amount of time loans thah
usual. and New York BANKS aiS ~, Ter
rather UQht holdings Of cOminerSlai pn al &C.
The proportion Of money III 1 ail i Ns sorne
che largest on record. 1he cail"s - o,,,c
~ tbeso loans has apparently put s' o,'i.
80, ,vchonpe operators TO lncohNC,n-
encc lint there Is not yet appdIonN' - &,
very strenuous demand LOT M no large
tho oplnion Of wall street ti,aV ,,t,,s,' 81
orc ob1ut completed thc lihinN Va
oI'rasV'o tcrdav. and are ready Tor a oe-
,fboro were some further eNivcnNo
- Incubation to-day and niue W. 80
- support outside the c1aI,sIS 90 many
80, Two of tho specialties. PRICES 90 'n~day's
stocks rose at one time aiponed before the
closing level. hut all weakfeneu, o0ao great
49, Tho extreme declines III - In
-, eases were "a point or Over noint
a,,e cases net losses eNVtNN . aanres-
sugar was the principal c'''
sion, and closes rs loWv.c,,s to-day were
,,d e eeo shares including Chicago Burl nnd
$500 and Quincy 1o19i Loulsy ncn. MIS- aH
,N 2n %T eco Manhattan "V Genital
Souri, souri, Pacific i2sS5 New r JerSgs 2o2is;
s5i2o Northern F RogK Island. 9i25; St.
,,a.i 81 2s0. Chicago Great Wso.t-
: 200. Peoples Gas. 1879 Sugar 'O'''''
MONEY AND EXcHAN.GE;imadH,Ginoesyn at at
caiI easy at 1%g2 per cent cent das ~ 1% per
per cent and mercantile SiSIaa paper, sgi per
cent; prime exchange weak, with "a &C e
;ss ,d Sus demand and 4s2 for sixty tSm %Ssr
posted e ed rates 4ss@is4 s sI1e4 4SS eertc@ies
sisi Sis, 4s 2Ss2 hs5 9' Mexican dollars
o5.a'''fc; o Us' bonds STEADY ''"''
4oh All. railroad bonds easier