The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-09
FINANCE AND COMMERCE
yaH CLOSING QUOTATIONS or
mONBI.
oe.,,nr..ns sale, at the Richmond To
b.cco Fschange-fnternai Revenue
cou.c,lop.-Foreign Advances.

n-t-1v work pee S.-The stock mar
ket opened this morning Win tremen-
Sous shouf Of animation ana vigorous up
ward tendency. gains peiI 1ls unI,or III, III
4 Tho, me strength displayed by the
Sarket Yesterday had brought orders 10
X commission houses TO buy stocks.
W.. us also buying for London ac-
-os,,'f for the nrst time IN several days,
ihs advance I'm prices here apparently
fsi.ng 10 tempt arhitrage brokers TO sou.
fhsiy purchases OF ST Paul were on quite
a largo scale. and they also bought Union
Pacific. but there were sales OF Louisville
snd Atchison for London account sugar
v,as the one exception in the Strength OF
The market at the opening, but It's loss
soon widened and heavier liquidation IN
mo stock set IN. offerings being very
heavy. and active support being OF no
avail 10 recover It's losses The stock was
tery fevcrish all day. and fiuctuated vice
In and frequently but worked constantly
Toward "a lower level. and closed near the
lowest al a net loss Of AZ. Consolidated
Gas was also q mark for the reactonists.
and dropped at one time "a points. Inc
consequence was that the market was
kept unsettled all day. When the general
advance came 10 "a stop dizziness inter-
Vened. and there were frequent rallies
until the final hour prices or many STOCKS
were at the best. but the final drop in
Sugar again weakened prices all around
Ind left net gains confined 10 fractions IN
almost all cases. and a fair sprinkling Of
losses all through the list. Southern pre-
ferTed continued the advance which was
begun yesterday on rumOrs OF an APP
preaching dividend. and rose at one time
TO TX per cent Tobacco also developed
late strength, but reacted before the close
The activity displayed by the bond mar
ket was quite remarkable. sales for the
hrst hour approximating one and three
quarter million dollars in par value. and
u is breaking the record for one hour s
business. There was some activity later
L. b.. Irr f.fHf h.. gf hr moi cot
continued strong and prices Of a num-
Der Of bonds Of the middle grade moved
Up from one 10 two points. some or the
high-grade bonds showed heavy gains,
Michigan Central IS. Of 1893. rising y;
Milwaukee and Northern consOls Of 1891
gaining 39s. Louisville and Nashville J..
md a. division SIS 3 and Northern Pa
rifc Terminals 2 Missouri Pacific col
lateral Us also gained 81 points. Total
sales. 81 10000. United States old as,
registered. declined X ond do coupon 4
bid. but the IS rose X bid. The new as.
coupon. sold al 100. which is higher than
rver before.
Tho total salos Of stocks were 49, 800
shares. including Atchison preferred.
1920: Chesapeake and Ohio, 300; Chi
cago. Burlington and Quincy. 21.OSD;
louisville and Nashville. l. $50. anhattan
Elevated 743j: Missouri Pacific 1910.
New Jersey Central. %. Northern Pa
,ifc preferred. 1906. Rock Island. HOB;
81 Paul. - OBS. Southern railway pre-
'erred lO725; Union Pacific trust receipts.
5S75. American Tobacco. 1S,0SO; Bay
state Gas. 1850. CicagO Great Western.
Is $40. Peoples Gas. 1920. Sugar, 1890.
MONEY AND EXCHANGE.-Mone on
call easy at 1iIN2 per cent; last loan at
per cent. closed offered at 1RH2 per
cent. prime mercantile paper, 3n4 per
cent. Sterling exchange weak. with ac-
tual business in bankers bills al 4s5hH
4s5& for demand at 4s2i9d4s2A for sixty
days: posted rates. 4Silan4e4 and 4s512p
Gates 5giZdGOi5: bar silver 59la; Mexican
dollars 46& Government bonds hrm'
State bonds dull, railroad bonds strong.