The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-03
FINANCEAND COMMERCE
rnH CLOSING QUOTATIONS OF
HONEr.
Offerings and sales ut tho hi'hmond TO
bseco Exchange -infernai revenue
c>Ii.rtion--ForesgnA Advances.

MEN YORK. Dec. 1.-The character OF
ho h,,,-sue, of the last few days was dis
,Ioscd bv fo-day's result OF the Stock EN-
hanpc The day opened with every APP
,rarsncc 81 Yesterdays sharp demand Tor
scck l,lnr still IN force The lower prices
-, London were ignored. and large or
iere niaccd on special stocks caused sharp
,dvances In the whole market The
mount Of commission-houseb buying indi-
.afcd "a considerable awakening OF OUT
g5c interest The buying OF the grangers.
sugar and Union Pacific was especially
,oId and confident. and by the close OF
be first hour the market had become very
,fiovanf and some sharp advances IN
ulccs had been obtained Then wlthout
INV diminution OF activity. II became
widen, that the advance in prices had
ONO 10 a stop. and that "a heavy realizing
f>ovcment was I'm progress When sugar
NJ "a point and tho general list showed an
'-fuaI decline the market became dull
md efforts we're made 30 rally it by push
NJ I'D the prices OF special stocks. But
his plan proved unavailing 30 affect a re-
icwal OF the advance. ana during the
inal hour the tone Of the market had be-
,ofne decidedly weak. and there was lively
throwing overheard OF stocks 10 save
osscs The bears added the pressure OF
hort sales, and before long had succeeded
n Wiping out almost every gain on the
isi. Net losses were not large In any
important case. but the fall In prices
rom the high point was marked. extend
ny 10 3 points In Sugar points In Con-
Olidatcd Gas. about points in many
" the specialtics. and over point IN me
rangers and many leading active stocks.
the news Of the day was not important
n its relation TO the stock market, ana
wch as a was II was favorable. Inc
0recaet Of the President message sent
mt by the Associated Press had reas-
mring effect. Relief was felt over the
,rogpectg that western railroad rates
you'd be shortly restored. Reports That
tn adjustment was probable between the
Government and the Union PACING keor-
ganizatiOn Committee over the Kansas
ilvislon Of the road gave special strength
% Union Pacific and was sustaining
actor I'm the general market. There was
iome selling of stocks for London ac-
count but II was without much effect.
ind was about concluded by the time the
'eact!on set In IN this market
The market for bonds was broad. active
IN dstrong. Sales for the first hour footed
~ 10 value Of over million and hair
iollars. 900
Total sales for the day we're Sf,69OoOO
United states bonds steady.
Total sales Of stocks 4f3.4cO shares,
,,cludinR AtchisOn preferred. S.4O5: Ches-
tpaake and Ohio. 61Or; chicago. Burlihg-
on and Quincy. 1900; Louisville ana
Nashville $40 Manhattan Elevated,
lsp5. Missouri Pacific. 25.325; Northern
Pacific preferred. 1885; st. Paul. 44.Sl5;
n Paul and Omaha. 1.f1O. Southern rail-
pav preferred 1925; American Tobacco.
II SEQ Bay state Gas. 500; Chicago
Great Western, 1880; Chicago Gas, as
l20. Sugar. 7j.4.i2
MONEY AND EXCHANGE.-Mon on
All easy at 1Ikfl2 pc cent. last loan at
"a, per cent: closed at ilm2 per cent. !;
prime nercantile paper. 3n3R per cent
Sterling exchange steady at 4Sb% n4So's
'cr demand. and at fS3a4S3k for sixty
laws. nosted rates. 4sfn4S7; commercial
bills. 4s2l. Silver certificates. 59nD; bar
liver 5aib: exican dollars, 46lz. Govern
nent bonds firm. State bonds dull; rail-
'oad bonds strong