The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-30
FINANCEAND COMMERCE
TBs CLOSING QUOTATIONS or
MONEY.
lEgrfv-,TrT ------------ 'ffsr. y, ~
orerinrs and Sales NJ the Richmond To-
baseo Ixchange-fntern"l Revenue
Collection. Foref On Advance.

NEW YORK. Dec. 2o.-Sugar was the
only one "a The leading stocks OF the hst
TO show any aggressive strength TO-DAY
and after rising 81 one Time almost TWO
points ID was overcome by the general
heaviness IN the resi- Of the market and
closed with only small fractional net
gain IL was profess ional traders MAJ
ket throughout and the Industrial stocks
which have been recent favorites Win me
buu cli0ue showed the eject Of realizing
to-day. al OF the local traction stocks
were heavy. but the selling was not cou-
pIed with any news and the declines were
wholly technical In Manhattan the IAN
reached points and On Mettopohi4h
Street Railway. more than that. Bfook-
Ign transit advanced "a fraction bur rel
again over a point Consolidated Gas ~
"a points lower than last night Iopacco
was notably active All day ana rose 4uite
strongly on an irrcspOn3ibiy pupIished
report that The quarterly dividend on the
common stock had been advanced again
20 per cent. Disappointed hoiders soid
the stock down two points Wnen ~ pc
came known that the rate was retained
az per cent. New Jersey Central ana
the coalers generally did not escape the
weakness Of the other specialties and that
showed sharp losses. An indication OF the
nurrOwness Of the market was the fact
that until rear the close there was not
a single sale Of such usually active STOCKS
as Missouri Pacific and &. and o. Burling-
ton. showed a degree Of frmness I'm the
railway list on buying invited by Ncstef-
DAVIS decline. The Buffalo. Rochester
and Pittsburg stocks were both consplcu-
ous for strength. the common advanced
two points and the preferred points.
Fractional net declines were, however
the rule IA the railway list. To-Day
clearing house statement showed the SUD
treasury a debtor again 20 the extent OF
81. $50 $50. n reflection Of the additional
rcdcmptions OF Pacific bonds. sun me
money market declined 10 yield It's firm
fonc an any marked degree. ana IL was
only IN exceptional cases that loans were
below 3i5 per cent, and IN some cases
uor cent. was paid. Demand sterling also
hardened a shade to-day. Reports from
other domestic centres show that ther
bank reserves are at present uhusuahy
high. but exchanges continue 10 run
against New York. II was reported 10
day however. that Philadelphia and Bos-
ton had repaid large loans as the result
of the high oates mere. Inc large par
ances ~ the clearing house snow that
there is quite an extensive shlltlh& OF
loans stun in progress. Prices OF amer l.,,1
cans declined in London to-day ana SELF
ing here for London account was quite
n factor ina tho decline. Activity IN the
bond market was confined 20 middle ana
high grade issues, the speculative laSues
being stagnant. Prices generally ad-
vanced. Total sales. Sl,7J0.QuO United
states old IS coupon ana the new > :,
registered. were u lower. bid, the new $
co6pon. - lower ana the rs * 'ower.
Tho total sales OF stool. to-day were
90 100 sharcs including G. Il. and O.,
i9,A7J: L. and n. 800; Man. j., - ia;
Nat street Railway. j.3jS. Northern Ia
rinc no $50. do. pfd. 500: Reading. 400;
"a Paul. 1853. Amer. FOB. JDfa0; CHI
caso O.. w, $500. Peoples Gas, 1tGO;
Consolidated Gas. 4,1OI. Sugar. $780, ".
L.. SOL.
MONEY AND TXCHANGE.-Mon on
call stiff at Pat per sent; last loan. 2'a
per cent. closed offered 40 2l3 per cent;
prime marcantile paper. 3iaf.4I per cent.
Sterling exchange firm with actual busi-
nese i'm bankers bills at 4.SiN0f S4L for
demand and at 4.SlisH4S1M for sixty
DAYS Posted rates. 4.S2izN4 50 and 4Nds
Q4sG. Commercial bills, 4.SO34. Silver
certificates l6MH51H Bar silver, N's.
Mexican dollars. as. Government bonds
weak. state bonds, dun; Railroad bonds