The times. [volume] (Richmond, Va.) 1890-1903, 1897-05-09
FINANCE AND COMMERCE
tine CLOSING QUOTATIONS OF
MONEi.
oo.,,nesand sales at tho Richmond To'
bacco Exchange-lntern" Revenue
coilections-Foreign Advances


>srx- YORK. May S-ConsidcTably over
$50 al Inc dealings az to-day short
s-e,", ~ the stock Exchange were IN
S,t-1,s,.., ,,se. and Wscu the sales OF sugar
,..s..' e1a,d about half OF the total sales
49, srrountcd Tor. The dcaAngs in CAi-
80 t;aa consisted for the most part or
onto heavy realizing sales. and the price
,.,-a,rel accordinply, although there was
,0r,,r rttuncrauVc power in the stock.
q'he loss amounted 20 ia, and an accom-
ranylnC drive at number or the speclal-
lbs cons diluted "a pretty heavy drag on
lie market which Was well resisted IN
the case OF the railways. New Jersey
Central was subjected TO special pressure,
and lost as Sugar also sold oil = ana
Western Union "a. The losses were re-
atrlctcd TO less important fractions IN
other stocks. a light demand for the
Granger shares developed after the ilat
hour and this, coupled with the demand
irOm the shorts, was sufficient To cheek
tho downward course OF prices ana pi 'hb
about 81 slight rally in the narrow maj
kct The resulting gains howe 81 uld
not extend beyond fractions. AMI the net
changes ia all cases were quito unimp0t-
tant or outside securities, standard Oh
lQuldaung certificates were sOll al -,
am advance Of . points over ycs.ercay'
ht advance Is atcOmp lIici by IumuIs
as TO the formation OF a new c'ml.iy
with resulting advantages from the OWL
crship OF the certificates. The history
OF tho week as it refers 10 dealings IN
securities has been unusually barren on
incidents. The unexpected reporting o.
the tarin bin 90 the Senate was accepted
as d bull factor In the market. one OF
two securities showed loss Of value Oh &C
count of adverse provisions in the amend.
cd oil, and others. notably sugar, sho"'u
notable strength ou account OF auNei4-
tagcous provisions thus sending a SYM
pathetic stimulus through the MARKET
The infcrential deduction that maj en-
actment OF the BIN into law was nearer
az hand than had been supposed, ehcpuI-
aged professional traders 10 buy, reason
ing. from the Wall-street STANDPOINT that
business Improvement IS waiting on the
disposal by Congress OF the tariff Que5'
tion. Dealings on Tuesday We're inete-
fore. animated and the general treno OF
prices upward. Reports OF the .huu-
entail character or inc opposition 70 sumo
Of the provisions OF the bin caused lc-
action next day. the mcrcural traders
rushing TO the opposite conclusion lnat
there would probably be no tallu 3ih
enacted at all. London paid It'le "'lch-
ton 10 American securities, which were
Dll weak. The price Of sugar, Whlch
touched us on the announcement or tho
Senate committee sugar schedule, re-
acted next day on the reports OF OPPOSE
zion TO that schedule, and had since
shown some evidences Of restraint, at
iributed 20 q polite purpose 10 prevent
q too obvious response I'm the price % re
benefits 10 accrue from the legislation.
The formal offer Of intervention by the
Powers ia the GreCO-Iurkish war has
been accepted in Wall street as bone-
fetal factor in tho outlook, in accordance
with the view reflected from the foreign
exchanges. The subsistence Of the war
scarce has LEFT the wheat market COM
parafively strong, which Is counted an ad-
oltonal benefit 10 the share market, ana
especially the Changers. as shown by the
az a fl.a I.4 IN H4
the market during the week has been the
hcaviness Of the so-Callcd Gould stocks.
Missouri Pacific touched ~. the lowest
price on record and Western Union Ijh.
The ecceutricitios OF the exchange mar
kct and the gold movement continue
puzzle TO traders The sales Of the bills
against this week shipments. which ag-
Hrngafed 5000. COO were made at price
o. Hi.olf or UNDER which ls considerably
below where any profit can be inquired
in tho transaction. Saturdays shipment
came as total surprise and opinions
differ widely as 90 whether further ship
ments will be made next week. The loW
price OF sterling exchange. the rise 10 the
Paris rate ON London the reduction In
the price of bar gold ana American eagles
iu London and The continued low rate
Of discount for money there. all indicate
the contrary. The outgoing gold move
mcut has "a deterrent effect ON advance IN
prices but the erect is largely senti-
felt for the nations supply OF gold or
f0r tho effect on It's currency. Some OF
the notable advances in value during the
week were Brooklyn Union Gas, q Con-
soIdatod Gas 4. Metropolitan Traction,
Ais. Sugar and Lake Shore, ~. New Jer-
soy Central and Chicago Gas, 2's; North
Crn Pacific pfd.. American Spirits pfd.
and Delaware and Hudson, ~: Cotton
OIL pfd. pa. Tobacco, pa; Burlington. -
and ST. Paul. rs. In many OF these cases
these figures show the net advance also,
or within "a small fraction Of IL. The net
gain In Sugar was p Tobacco, ia; Chi
Cap1 Gas. b.. Brooklyn Union. 81, Della
ware and Hudson. y. New Jersey Cen
trail Us. and Spirits nfd. Is. The ex-
tramo decline in Missouri Pacific was 4H
mot loss. 2h. Omaha declined as with a
net loss of D., Manhattan lost rs. and
lost net Us. while Western Union lost
OBJ. from the highest but showed a net
Joss off only D.
The bond trading during the week lack
al general feature among the leading
mortgages which. however displayed a
marked undortone az strength. Among
the usually neglected issues some note
worthy variations either way occurred,
with Missouri Pacific IS making an cN-
OF St Paul consol sinking fund J's. on
the other hand, moved up 10 per cent.
business was very quiet hut tine specula-
tion showed quite n broadening tendency.
The total salec OF stocks to-day were
90 Si7 shares, Including the following.
Chicago Gas. p 800. ST. Paul. 300.
American Sugar Renneries. III 400.
MONEY AND EXCHANGE: Money on
call easy NJ iiMia per cent, prime mer-
camille paper 3Mnl. Sterling exchange
steady. with actual business in bankers
bills at 4S7is 04s74s for demand, and at
4sc0gstit for sixty days; posted rates.
4SIQ4SSis: commercial bills, 1854 4S5ll.
Bar silver COS Mexican dollars, 41ia.
Government bonds firm; new As, regis
tered 122's
STOCK QUOTATIONS.
Closing Stocks.