The times. [volume] (Richmond, Va.) 1890-1903, 1897-07-02
FINANCE AND COMMERCE
TINE CLOSING quotations OF
MONEY.
Offerings aud Sales ut the Kichmcnd los
b.cco Exchangc-InternalR Revenue
Collections-foreign Advances.

NEW YORK, July 1.-To-day's market
80 somewhat crratic the earlier hours
OF the day, inclning to reaction put 81
STRONGER tone developed after noon VIZ
carried prices all through the Ist 49, w
last nights closing level Ihere wac az, ~
news REGARDING the general si'ua''on ~
account Tor tho early decline, anu ~ ~,
be attributed TO a general app t"'"' ~,
among the professional trddtiS 'i'"' IL
advance IN prices has Ouisuipp,u Nv'''1'
tons The tate strength ola hot ucn 0 e,,,
until after period OF leNeIlsn ,,norous
and a hesitaung and somewhat ',ii'o, - t-'
effort on the part of the bears ~ an
control Of the market. lh''' va" " -
cidcd falling on I'm activity anu A." '''0
outside interest in the market All uaS I.
81 ,.as mere any general heavy seihhs
10 realize apparent me occlihc e"NN
every appearance OF being purely haAnPu-
lative Ia character. the DnilS seclHl'S
assent 10 n as promising "a DchcH' " w
tone OF the market. IL was ~. -
character TO invite aggressive snort s"les,
and in fact the sales that were Hnauc lui
short account were covered before INC
end OF the session. ana were laibeig
sponsible for the rally. a ieatuIv ol ~
market ali day was the ease Will W."
prices moved up ana down Oh S,.,'.I ,,,tehed
actions. The late rise was acCoii 10
without any great buying, rehectihs uIo
disnosition on the part OF ncaNy optIdtoi >
TO nurse the reaction Tor the uiPoo.. W.
rccuperating the market ana PIeN',i.'ir.i
its TOO rapid advance. LONDON eH.8"s
Elected am increased confluence lh tue 20 ~"
bilitv of values here and bought pul'o
freely during the day. Genera new 80
10 the outlook FOR business cohtlhUcu 4'1e
orable. The transfer OF $ZVoVVV III V p,.
rencv from the sub-Ireasuiy 10 Nv d
looms is considered an indication Oh III
crcasing business activity IN that So 50,
lion. An order from Europe Ior $1,000 $1,000
i'm gold went begging in Wall street theie
being no adequate prOnt III lic u"'i, ~,
lion af the ruling rate of exchange me
So,,rrrn.uffs GOOD showing for the nscal
wear. with deficit Of less than Sl'VvV'VV',
against an estimate year ago OF otTi
sd 90 COO is looked upon as a ldN"i"piS
factor Louisville and NashNllie ; t"D ,,
showing for May of an increase OF Se-,V-l
i'm gross earnings, and oi SOi,ziJ III net
helped that road 10 MAINTAIN us prlcY
above Yesterdays close or near the lcFel
all day. This was true OF the hleihd-
tiOnals as "a group with one or TWO e&-
ceptions. Manhattan was also maiktuly
strona all dav on rumors that surface
railway interests were about To acquire an
interest I'm the property. WIN tnese eA-
ceptiOns the whole list declined beloW yes
terday's close the loss reaching lft III
Sugar and over a point III Tobacco Nhi-
cago Gas and Northwest.
The total sale of stocks to-day were
276 4f3 shares. including American 10
bacco Company. 7.7OO' American sugar
~ coo. Chicago Gas. 3O7OO; Manhattan
Consolidated. 1900; Reading. 1900, Rock
Island 10000: st. Paul, $500.
The bond market displayed good tone
on moderate transactions, which were
largely restricted to the leading issues
The market showed some irregularity at
times. but ended with the principal liens
showing advantages. The aggregate safes
were 81. 3D.. 900.
Governments were dull. but hardened
fractiOnally. The transactions were
5000.
MONEY AND EXCHANGE: Money on
call easy at 1hN2 per cent; last loan :
and closed at per cent; prime mercantile
paper, 3l4 per cent. sterling exchange
dull and heavy. with actual business in
bankers bills at 4S704S7l4 for demand,
and at 4Sja,04S6 for sixty days posted
rates. 4SGI4H4S7l5 and 4SSQ4Ssl2; CONNER
cial bills. 49,: silver certificates, COHW
cor: bar silver co.'s; Mexican dollars. a.
Government bonds strong, state bonds