The times. [volume] (Richmond, Va.) 1890-1903, 1897-05-07
FINANCE AND COMMERCE
Tine CLOSING QUOTATIONS or
MONEY.
oc.xtnv.and sales ~ the Richmond Tos
bscco Exchsnge-Internai Revenue
Collections Advances.

NEW YORK, May 6.-There was con-
si.ctalge strength apparent in to-day
market but IL was que rather 10 tue
c0mulned eject OF special Influences on
,noiviaual stocks than 10 any develop
nents IN AFFAIRS affecting values generaiiy
in the market. The narfowness OF tilc
market ana us professional character lell
Al very susceptible TO such influences,
and the fact mat the short interest mas
leen lArgty reduced was shown by Inc
small dimensions OF the manlpuiatlNe
movements TO onset the advance. IL VIII
be remembered That prices were sold OH
TO some extent yesterday on the SUI
position that British holders OF American
Securities would reflect the pubic re-
sentiment heretofore fpp1litcstcv oyer l4e
rejection by the Senate or the aroihation
treaty by Onering them Tor sale. As nom
ing of the KIND occurred, the lntefnauV"at
stocks, on tho contrary, showed Iather
exceptional strength, II was natural lha'
there should be some recovery OF yestei-
day $ losses. Another fayoring inhuehSe
was that today was the time set by the
exchange houses for definitely decluhs
whether they should make further tolu
shipments on Saturday. The TACT that ~
further shipments are projected was ~
ceptcd as an encouraging feature OF lic
general situation. II was nOised "Doss
the bOaru room moor during the uay , nc.
one OF the largest railroad interests i'e1v
given an Order for an cnlatktiitnt -
lis holdings, and the room traders az
stock movements were largely que 10 spN
cial influences. but theiT influence o." ~, ~
general list was only sympatheliO. ~. -
strength OF Chicago Gas was sucn an ~
nuence the dealings in that STOCK DeiS
larger than any other on the hst. -
together with Western Union, See".,
Burlington and St. nul aDsOI p 90 a .'r,s
half the total sales OF the day. Inc prs,
sure on the Gould shares continued Wy
sc,,cre and me lOnr-continued weakness
of these coupled with the absence Ot
inside support, caused the cItCult .J, "
rumOrs of liquidation or heaNy lHteIesea'
Later tho prices OF groups showed com
piete recovery on reassurinB stateihe ...'
from authoritative sources lhcte We
more or less restriction manifest III tuc
movement Of Sugar, Which was atuio
uted 10 a political purpose TO prevent very
manifest response in the price 10 the an
nouncement Of the tariff bill. Omaha oe-
cllned because no further diNlueho -
probable this year. Chicago ana Altoh
made a marked decline on the re1ucllon
Of the quarterly dividend on both COM
mon and preferred stock from 70 70 ia
rer cent Tennessee Coal and IRON enc
3oyed an advantage on the announces
settlement OF its controversy Win Us
laborers. The total sale Of stocks amount
ed 10 151 $40 shares. including American
Tobacco, 1000. American Sugar REFINING,
1890; Burlington and quincy, wv
Chicago Gas. q. 800; Louisville ana Nash-
Vile. & 500: Missouri Pacific, 500. Omaha,
1900: St Paul 5000; Western Union Tel
sgraph, 1880.
The bond market broadened apprecia-
bly,. but few important changes were
scored in prices The undertone of the
market was quite firm. The sales were
f1127.OOO. Governments more active and
advanced slightly on purchases of S9O,OOO
MONEY AND EXCHANGE: Money on
call easier at kG%; last loan y; closed
Wan per cent; prime mercantile paper,
3i5d4 per cent. sterling exchange slightly
firner with actual business in bankers
bills at 4s7d4s7L for demand and at 4s8G
1861 for sixty days: posted rates, 4sl2Q
4eT and 4SSd4sSi5: commercial bills, 4S5h.
Silver certificates, 61m6ih; silver, bar. 81;
bonds strong; State bonds duh; railroad
bonds firm.