The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-15
FINANCE AND COMMERCE
nm CLOSING QUOTATIONS. OF :
moshi. z
Offerings and Sales nj the Richmond To
bacoo Exchange-internai Revenue
CoIIection.-foroign Al vantss.

NEW YORK. Dec. 1i-Thcre was dis
position to-day on the part OF the holders
81 stocks 10 realize pronts on the recent
rise. and the bears helped along the reac-
lion b. free short selling. There were
one or two exceptions IN the marker, ana
some coverings OF shorts before the close
sy the bears 80 that net declines DO not
indicate the extreme fall in prices. But
the general tone OF speculation war
heavy, and no aggregate disposition TO
INV was manifest. The frmer tone OF the
rah money market was undoubtedly the
,ausc Of the halt In the bul! movement
The decline in cash holdings by the banks
shown by Saturdays statement ana the
Fhrinkage In surplus reserves 10 Delo"
TlgOO0NO arc features In the money SIT
uation which will DO acccntuated durlhs
THIS week. The Announcement from
Washington that the bonds maturing on
January LIST would be paid on on (ecenl-
Der 2fth bears on the situation. Inc az
grcgatc OF these bonds Is $29,.Di DJ2, ana
their redemption will about Offset the
payments already made 10 the Govern
ment on account OF the tnlon iaolnc
sales. which amounts 10 S2'.rD,WN. inc
Government will dishurse over xJ.OW.Oco
lu interest on January LIST. The balance
which the Union Pacific REORGANIZATION
company sim has 10 pay the Government
Amounts TO So 90. 900 and OF this amount
= so 600 will be paid this week, and the
remainder by the first week IN January.
N will be seen that the balance IN favor
OF the treasury viii amount 10 heaiy
S80Op0OOO. II IS not expected thai TINS
amount will lee suddenly Withdrawn lIoin
circulation. but will be allowed 10 remain
on deposit for the present IN hatloi'
banks I'm this city. But the continuing Nv
felt I'm the revenues which has req ~ cv'-
slant stream into the money inarh .'. 10" 80
been recognized as "a factor III the c"st VI
money rates. and the completion OF 49,
operations will put new phase OF VIC" VIC,
condition. Rates for call loans ~ nD'
above 2b nor below 2 per cent; ID, M
III uae almost wholly technical thc
strength Of the coalcrs with no news 10
account for It, serving 10 sustain Ndiuto
somewhat. The dealings IN lhaotlN,
curfties I'm small lots continued 10 "
,eafure tho bigh-grade investment stoCh7
80, a. favoritc A full share lot OF HAT
lem sold at 325 as compared WIN |W
M the last previous sale, when was se'
eral months ago. , - aocidod de-
c,easo in activity to-day. The high-graue
,esues continue to improve. but soillc o't
a. snccnlotivo bonds are showing loSSes
Total sales. g.. 10000 Uniied S'"'eS
We" g, u ,pots,i eales Of stocks were 100000
sbsres including Atchison prcierIeu.,'
e on. Chicago. Burlington ara Quli1SS yy
iaoi5. Louisville aud NashNi'a,rr .,oo,io,,
Manhattan. II .22j; MetioP0n.''.Nur ", Jersey
Central 0S75: Northern Paclnc, iS9'oo2e,
a. roforred $50: Rock lslanu, SOC,
O. Paul. y G3i: Union Paclhc. 'Vv,t,-, ,a n%,
&c. Gas IL 800: Chicago Great We S5 90
sSa ,a1 Chicago Gas. 1928; Sugar 3S''f-'
MONEY AND EXCHANGE.-.MNioodneyyo non on
call firm at 2q2l9 per cent oo,, p''i Sterling
camille p'r s,eadv With actual business
SSf hanRcTs bills at 4s5is5 for demand eas,eS
ma 3" at 4sqIa4s2a for sixty days pDn,Su
rates 'U 4s3l.alsi and 4S ;,aT iSc ccrtidoatcs
cai Bills a aSi siyer 57f: Mexican dollars
o. ,s 't coyernment bonds easier. state Do''"S
AM. railroad bonds irregular