The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-04
FINANCEAND COMMERCE.
THB CLOSING QUOTATIONS q
AONTI.
0fsyines and SALES at the Richmond To
hssse Exchsngs-internal Revenue
CoiIections--ForeignA Advances.

NEW YORK. Dec. 3.-Ou,side buyers
had withdrawn from the market. and the
neld was apparently ieit 10 nc aaloM loI
throwing over Of stocks by large opera
tors yesterday 70 realize, ana by others
later 20 save losses MAS what DISCOURAGED
dence from lime 70 time. but their offer
ings seemed 10 be well absorbed without
cffectinr any marked declines. There was
no evidence OF any effort 10 marx Up
prlces. Tho action Of the market sug-
costs that large operators may be at
tempting 10 pick up a line Of stocks at
the decline before pushing prices again
with the purpose Of realizing while the
Monday and again yesterday. sugar was
exceedingly active an day, ana acted IN
very fcvcrlsh manner. rms was parity
due 20 realizing on stock bought IN antci-
patton OF the Government decision 20
suuply the COunterVaiiing duty on sugar,
and partly 10 conflict OF mind as TO now
far the dlfcrential on refined sugar would
inure % the benefit OF the sugar com
pany. A large portion OF the speculation
WAS taken up with this STOCK. ana the
offerings and the weakness increased as
the day progressed. Union Pacific mani
Tested some weakness at times on account
az the FIRMLY expressed intention Of the
Government 20 quality as a bidder at the
kansas Pacific sales. so as 10 protect lts
interests, ~ necessary, by bidding I'm the
property Dcni0ls were also offered on be-
haI OF The Rcorg anization Committee
mat any agreement had been arrived at
with the Government for acquiring the
subsidized portion Of the line In Kansas.
There was good support apparent for the
stock. Notwithstanding this published
news. and the Kansas Pacific consOl Gs.
trust receipts. were also steadily held.
The wide and irregular movement Of some
special stocks kept the general list very
much unsettled during the day. and il
was difficult 10 discern any marked gem
sral tendency In tho trading London was
again seller Of stock in this market 10
some extent. There was little general
news bearing on the situation. and the
movement Of prices was due almost entire
~ 10 technical causes The fourth week
statement Of ST. Paul and other roads
md the estimated gross earnings OF Rock
Island for November were regarded as
favorable, hut had little effect on the
market The late squirt in Manhattan 10
100 not rise Of points. stinened prices
and brought many Of them above yester-
DAYS closing level Otherwise losses
would have prcdominatcd. The rise in
Manhattan was due 10 "a false rumor that
The underground rapid transit plan had
been declared unconstitutional
The business in bonds was somewhat
curtaileG. but stiil large. Prices held firm.
Total sales 81 10000. There was an adj
vance I'm the bid price Of United states
rs Of y and OF new as OF q.
The total sales Of stocks were $4,000
shares. including Chicago. Burlington ana
quincy. 1903. Louisville ana Nashville.
Q OG0, Manhattan Elevated. $500. Metro
IffiiitAil friif'l l.NNN f'Nf -fiiIHfNiii a.
cinC. l213j. Northern Pacific, . $40. DO
preferred 1920. Rock Island 1861 81
Paul. 20 COZ Union Pacific trust receipts
l2Of5. Peoples Gas. 1890. Sugar, $50
MONEY AND ENCHANGE.-Mone on
call easy 40 14n2 per cent; last loan ~
. per cent. and closed offered at 1MN2
ger cent. prime mercantile paper, $780,
per cent. Sterling exchange easy. with
actual business in bankers bills at 4sJ#
Tor demand and az 4S3ls for sixty DAYS;
posted rates asa fS7. commercial bills
4S2il Silver certificates 59i40Dll; bar
silver 59'-. idcXican dollars. 1875. Gov
eminent bonds strong; state bonds dull;
railroad bonds firm.
BANK CLEARTNGS.-Thc total bank
rloarincs this " SEX were 323 SCI fGj. per
CENT Increase. %. Exclusive of New
York tlnnGll. rar cont increase. IL