The times. [volume] (Richmond, Va.) 1890-1903, 1897-04-01
FINANCE AND COMMERCE
THE CLOSING QUOTAriONs or
MONEY.
Offering. and sales at tho Richmond 10
baoco Erchange-intern"' Revenue
tolIections-Forcign Advances.

NEW YORK. March 3l.-The recovery
ia the stock market which set IN yesl''
day on tho introduction OF the ianMos
pOollng bill in the Senate mace l"' ~ ~.
progrcsS with early trading to-day. ne
lcueral sSt improved iNMss per cent, Du'
Sfrevd traders COnciuOcd mat the iISc
was being taken advantage OF 10 maj NJ
long stocks and accordingly th'y SOON
changed their tactics. American IouacVo
made an exceptional advance of "a per
cent 10 744 ON rumOrs that the regular
dividend would be- declared After 'hs
directors adjourned 10 was anhouhv,u
that a dividcnd OF only = per cent. haH
been declared on common, rcducuoh
OF > per cent from the last quarterly pay
rleni on February 9TH. and The STOCK re-
acted 10 72i4 The bears ia The mean
time continued their attacks on Ne" Jei-
scy Central. and succeeded in dlslodBlns
considerable long stock ~ addition 10
"a revival OF reports about propaOie re-
duCtiou OF the dividend. 10 was stated
that some Of the mines On the NoIhilb
and Icnusy iNania districts were Hooucu'
and that some OF the nthiacite com
panics would suffer matolal losses. Jer--
sey Ccrtr.u broke g points TO -, ana
this ltd 10 - raid Ou I.aWdrc ana huu-
son. winch yielded iCuOll under the pres
sure breaking from lp1'2 10 lVVis. Lackh-
wanna fell q, TO lJ2 and Reading a 10
2OE The break iu tne Coalers was iue
signal for "a genera selling movement
and the Railway ana Industrial ShaieS
not previously mtllohe1 Altlutu any
where from p. 10 -. per cent, Susar, the
Changers Manhattan. ana western Union
leading the downward movement. sugar
was weakened by the announcement IRON
Albany that the new DOsChcr refinery
had been Incorporated under the title OF
tho New York Sugar Refining Company.
Tho Granccrs were unfaVOrably lnilu-
euccd by advfccs from Washington quot
ine certain senator's as authority for the
statement that no pooling Dill VIII ne
uasscd at flis session of Congress. Al
though prices rallied y 10 ] per cent.
from the Iwest IN the final sales. the tone
of the market was weak. American
Spirits vas nOticoably firm throughout
ffe dav ou the news that the agreement
between the American Spirits Manufac-
turing rompany and the outside distiuers.
which had been under consideration lot
several months. had been arranged Net
changes show declines Of y 20 per cent.
Jersey Central leading. Total sales were
eGG. fg5 shares. Including 9.#p Jersey
Central. - 500 sugar, 2O.JD burlington
and Quincy. 20 200 ST Paul. 1920 chi
raro Gas. and 1900 Tobacco. The hond
r~arkcf Scas weak Il the close. safes
footinc.iip only Soo3 Of1
NONEY AND EXCHANGE; Money on
call easy no iaN1ai per cent. last loan at
" per cent. and closing 0nered al ~
per ceit.. prime mercantile paper 81
per cent. Bar silver. Gl@i. Sterhhs 'N-
change active. with actual business IN
toukore' bills 80 1853, m4S6 for sixty DAYS
md 4S7G4S1i, for demand: posted rates.
4e6iG4SSt,. commercial bills. 4Sii2n 1871
Government bonds firm. state Dohos
dull Railroad bonds easier silver at
TREASURY BALANCES: Coin $780,
COS. 423. currency. sol O23.3li.