The times. [volume] (Richmond, Va.) 1890-1903, 1897-05-23
FINANCE AND COMMERCE
IHE CLOSING QUOTATIONS or
MONEY.
Offerings and Sales at the Eichmon d
bacco Exchange Internal Revenue
Coliections-Iorsicn Advances.

NEW YORK. May 22-The conditions
in the days stock market were not esscu-
TALLY different nom those prevailing for
several days past. There was a marked
undcrOJritut OF strength through the
whole list. ana tho tendency OF prices was
unHtCfruptedly upwards. with the cN-
cept.Ou O. the coolers. lat this failed
10 inlitc any outside participation ln the
market. IND the dealings were small
and most OF them ga fey active stocks.
The market wholly lacked breadth. many
STOCKS 10 the usually active list not nav
Ing shown "a single Transaction 10 sntH
credit. Sugar also continued TO oc neg
lcCtcd. the dealings IA the stock being
quite ostentauously Curtallcd me
traders seem 10 have made up their minds
not 20 see any cause for alarm In the
Cuban question. and disregard the icws
or the subject IN a manner that overs
strong contrast TO their views on i'iih'i
occasions. They also attach large CO.
kTec Of Importance 10 a TuinOr clTCulattu
IN very explicit form that the Sup.en"
Court will hand down decision on Mon
day next in the sO-callcd Nebraska ni"N-
imum freight rate and and interstate
commerce cases and That the decision IN
the former case would be in favor OF raul
roads This case Is Of importance 10 vac
graugcrs. and the belief that the decision
will bee In their favor materially strchf'H~
cnod the group and made 10 the leader al
the advance. The huOyanCy or the tcH-
cral speculation on the London STOCK ~
change also impaired confidence 10 an"
additional shipment Of eOld LOT h'N.
Tuesday Of SJopOoO was without mHfft1
erect on the market. and the sta'eIl,,
az "a decrease Of S232 olJ In the gross
earnings of Northwestern for Apru clh
not affect the strength in the granger
group. tt,o
CHICAGO Gas continues 20 receive insi'e
suDnorf and tended upward. The 1ohl1
el4r,s rcYctcd somewhat from me
strength Of yesterday, Manhattan "ii"
Western Union selling Of sharp J., iC-
fion Boa the reaction and failinS OF SUBS
0utnt recovery Many stol Ks lultu "i
'n.nplrfr recovery 90 tire hlen point ana
last prices were generally small lldC-
ton below that but with nct bd". VI.
The day The extreme decinc h n"
I,rssv was Ok ana ~ Delaware ana HUI
Son 3, Leather preferred rose l'. WIN
"a sught reaction Baltimore ana S'hi'
aud Hooking valley saine1 IaIss i"--
lions. .,e. sor
tho week has been its underlying strength
in the face Of unmticated dizziness, ana
almost Of apathy. me ouislnc H'',l 10y
being nh. and with some very sril.n1
gracs uuon %. The Developments lh inc
cuban question were apparently not a7
fearful as traders had supposed last "'th'
and when President Mckinney me- .'br
was presented 20 Congress on Mohedy
IL had the effect rather Of strengthening
the market. ,,
Corcrnmcnt bonds displayed some little
frrsgularity. but the varltuohs were y
frcmcly narrow, ana Iduihb very "7----e,
Total sales ~ stocks to-day were .f.''t
shares. Including New YORK Central, a.
ON
MONEY AND EXCHANGE: Money on
call easy az 1ANli2 per cent prime inei-
,.rfua uaucr. sidf per cent. Sterling
Exchange steady with actual business IN
bankers bills at 4S1AQ4s1is for demand
and at 4Sca4S6i, for sixty DAYS: posleu
rates 4C7itu4SSig. commercial bills. 49,
por silver co., Nexican dollars. i7'~.
state bonds dull: railroad bonds firm;
Government bonds steady.
WEEKLY BANK STATEMENT. The
weekly bank statement shows the follow
iug changes. Reserve increase. 81 Jus 400;
loans decrease SglS 500. specie. increase.
SIG. 900. legal tenders. Increase, Nl"-4-
Snu. dou0eits. decrease. SSl 400. circdld-
ZION. decrease. $500. The banks now
hold S45gaS $50 i'm excess Of the require
ments Of the - per cent. rule.