The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-01
FINANCEAND COMMERCE
THs CLOSING QUOTATIONS OF
MONET.
OGerincs and Sales at the Richmond To
bacco Exchangc-Interpsl Revenue
OBSERVATION-DISCLOSURES Advances.

NEW YORK, Nov. 30.-The principal
factors I'm to-day's stock market were ,he
statements of the earnings In OctoDci
OF two OF the great railroad systems y,
the country. namely. Pennsylvania ana
Isurl,neton Both statements made re-
markably strong showing. but that u
burlington had been discounted Dy INV V, =
active speculation. and the rumors "hiSh
have preceded the publication Tor soIi,e
time past grossly exaggerated the pioPo'
tlons OF the increase As consepue .,',,S
there was some disappointment IN spe..n
lative circles over the Burlington a.
ment. and some profit-taking. wh'Cns III
parted a heavy tone 10 the whoie oi III IL
granger group until late In the Gay. ~ :,
the fnsi hour prices Of the group shareu
in the strength of the genera h,ai ~ =.
Rock Island leading, with net au i' 49, q
Of IL on reports that the company =
refunding scheme had been pcrlecteu anu
the sale OF the first block Oh new = per
cent bonds concluded. The OCTOBER STATE
ment OF the Pennsy wanna, % Salyi od oSs IA
crease on gross earnings OF S9vpNV ana
IN net OF S453 100. was rcgar1>Af as strohg-
~ favorable. and as reieclng a hrEe
general improvement in business III con-
sequence Tho stock Of the Pcnnsylvaina
rose Ok under It's influence. and all OF the
trunk lines showed marked degree OF
strength New York Central, Lake Shore
and Canada Sonuthern rising from 10 :
points. There was a very markeo ~,
crease I'm the operating expenses. both
for the Burlington and the Pennsylvania
amounting 10 $40. $3.50 I'm the case OF the
former and S2s1 GOO in the case OF inc
latter. rejecting the arrearages OF Outlay outlay
for maintenance. which exist generaly
I'm railroad property all over the country
The Erie and LehiCh Valley also had very
favorable statements for October. but IN
both cases heavy increases IN operating
expenses absorbed large proportion OF
the increase i'm gross earnings. Specula,
ton in Sugar was again very active All
day and the stock rose strongly. CLOSING
2i5 higher than last night. me approach
Of the regular dividend period ana expec-
,stion of a favorable decision by the
Treasury Department on the question OF
countervailing duties ON imported Dutch
sugars were the causes OF the rise Nortn-
western and Omaha show net gains equal
ling a point Sales Of silver certificates
on the exchange for II 600 ounces at from
IgH TO 592t were features Of the day
Bar silver sold i'm This market at 594
a price which had not been equalled be-
fore since July ODD. Bullion dealers have
M other explanation TO offer TO the
strength but the existence OF active de-
mand and a limited supply.
The bond market showed some activity
ana strength in high-erade issues being
very firmly held. Total sales. S1,6s5,OO0.
United States old AS, registered. were ad-
vanced u bid.
The total sales of stocks were 219.foO
shares. including Chicago, Burlington and
Quincy 1917 Louisville and Nashville.
$3.50; Manhattan Elevated. 1880: New
York Central $40: Missouri Pacific.
q so: Northern Pacific preferred. S.10l
Rock Island. l6, 145; ST. Paul. 1852; Peo-
ple's Gas. 1895; Sugar. 56,225
MONEY AND EXCHANGE. Money on
call easy at 1i5G2 per cent: last loan at
Isl per cent: closed at fAd2 per cent;
prime mercantile paper, 3N3i9 per cent.
Sterling exchange easy. with actual bust
ness in bankers bills al 4s5%G4s6 for
demand and al 4S2L for sixty DAYS. posted