The times. [volume] (Richmond, Va.) 1890-1903, 1897-03-04

gHE CLOSING oUOTdTI0Ns or
MONEY.
Offerings and sales ut the Eiohmond 10
hscco. INchanGc-tuternai Revenue
Geilcctions-Forcicn Advances.

NrKv YORK. March 3.-Thc placing or
StU.OOOUoO 800 pes cent. iSs..,.u Do',
Dy tle Lake Shore ana M.ch's"h $50,
crn Railway Company Win '"e 80;
syndicate for tic purpose OF i''y.".
li. ...t. f.r.lrr per cent issues hao "a
mo-t favorable influence on the htiNet
for securities to-day. lhe fehiiCa'sSs
~ this important negotiation was h"IpS
appreciated yesterday but upon renec-
ton operators took a. more sanguine view
az the situation. so Ear as investments
arc concerned. than for some TINE past
Naturally enough, The vanderbilt STOCKS
were fhD FIRST 10 reflect the hnancleIihB
OF tho Lake Shore bonded debt and when
fhrI wfre taken freely az steadily az
Naurirg price,. the whole list fympa-
ff .zcd with the result that during the
afternoon speculation Developed an a.
most huoyaut tone The demand Tor ihe
Nardnrhite a.d other leading issues wa
80 urgent that the street entirely ignored
toe cable aoVlccs from London 20 W
c1ect That the foreign markets were U'a
turned by Che gravity OF the sltaeu'. az
The IeNnnf The moderate sale hN Iof-
eirnere or ST. Paul Louisville and olhrr
International stocks had no appreciapie
effect and the same is also true OF l'e
heavy decrease jpn earnings reported uy
The 81 Paul COMPANY for The fourth week
Or February. Do should le added tha'
leading railroad officials predict an I'M
Irprtmenf .u railway fThui' from 'iy"
on. and that their ftafcmenl nave re-
President IT, o. Uavcmeycr. OF the Amer
ic.n S1rar NoCning Company. that the
u-uII dividends 0u both tho common ana
preferred sfocka WIFI Doe declared hy Inc
directors af fhoir next meeting led 70
free purchases " sugar STOCK. ana S'afI-
.l rn demand from the shorts in other
fl1usfr'nlr THE advance in prices War
rlUHi fn i.NI'g pep cent. che latter M
Pullman. which pose 10 lo3 Omoha
common advanced az ~ 1f Consohdaied
Gre 90 $3.50. Nickel Plate % preferred
80 fo .fs. and fne remainder OF me Iiel
anywhere from d to . per cent. jersey
Central nu0 Manhattan were exception
aty heavy SID tNn early uadiNk w
former selling down % ntt and the latl5I
10 $50 huf they both moved up coupe
~ points during tho afternoon IN sym
rathr with fhe other market. Near
Tie close there was disposition 20 take
profits bot tho market lett OFT stro.s
% reaction of ls.iil per cent from tife
0r fo 49, par cent. Omaha leading
ln the Snec.altcs Pullman gained o'2
Ni.ka Flafe 2d preferred o. and Con
s0.nHtrI Gas ~ per cent Total safes
were 2n, Of1 shares. Including - 'HV tiNl
Nugfou ODD OIJ Sugar Is 500 81. PAM.
1880 Omaha. and d. 300 Northwestern.
Bonds were strong to-day. THO safes
footed ru s2nltOIu.
MONEY AND EXCHANGE. Money ON
cal easy at fiIlM per- cent. il-i lotn
% ~ UDr cent. Hnl dosing oHti'u 81,
~ uer cent. prime mercantile n'pDr
per cent Far silver Co. Sterling OK
change hrm. with actual business ln
bankers lIle at 1851 1851 for sixty DAYS
and 4S7nf~1it for demand. posted rates
f~fn1N~ commercial bills. loi"f'.n ''oI-
eminent bonds trin state bonds 99.rl
Railroad bonds active oud strong. silver
10 tho board neglected. 400
TREASURY RALANCFS. Coin SLED
$50 NIH. currency. >'-. Nt-,''