The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-18
FINANCE COMMERCE
BB CLOSING QUOTATIONS or
MONTY.
Offerings aud sales at the Richmond To
bscco Exchange-Internsl Revenue
CoIiections-Forelgn Advances

NEW YORK. Dec. 1T-To-days stock
market was more or less depressed all
day, though final prices are considerably
better than the low point OF the day
Liquidation was not heavy outside OF
few special stocks. and tho sagging ten
dcncy Of prices seemed 10 be due rather
10 an absence OF active demand. Some
Of the recent prominent bulls bought
stocks on 81 downward scale Of prices. but
without any attempt 20 sustain values
Manhattan and New Jersey Central con-
tinued to be tho principal objects OF ma
nipuiati0n. as was the case yesterday,
and sugar continued 20 show weakness.
il declined from yesterdays closing,
reaching al one time per cent. but
grai rally left IT'S net loss only fractional
There was some continued apprehension
regarding the immediate future OF the
money market. and tho time money mar
kst was quoted az 3 per cent. for thirty
days and 3ig per cent. for sixty 10 ninety
days. For call loans 3 per cent. continued
70 be paid. but the rate cascd of 70 :
per cent. in the final hour. New YORK
banks have gained on balance during the
seek froll the currency movement, but
have lost heavily 10 the Sub-Treasury.
and the condition Of the surplus reserve
90 ho shown by tO-mOrrOWs bank state
mcnt will depend upon the amount Of
loans which have been called. There was
no further falling In sterling exchange
to-day. hut yesterdays sharp decline here
was reflected I'm a stiMcning Of the London
discount rate 10 3h per cent. which Is
Der cent. above the Bank OF England's
minimum rate. Confidence was expressed
that the redemption by the Government
OF the currency Gs, beginning next FRI
day would serve az a safeguard against
stringency n the money market. but there
s. much room for uncertainty as 10 Wnat
amount Of these bonds VIII be presented
for redemption before January st. when
they mature. AS "a result Of the rally, ne
fore the close of tO-day's market net
losses are in most important instances
reduced 10 fractions. the notable eNcep-
tions ON the side of gains having been
already indicated. Some inactive stocks
show losses from 10 per cent
There was "a marked falling off In ac-
tiyity in the bond market. and some ls-
sues show losses. Union Paciuc 4le de-
clining points. Total sales N'fo""
Government bonds were steady ana I'M
Tho total sales OF stocks were 800 800
shares including Atchison preferred T.
600. Chicago. Burlington and QUINCY.
3G9lJ. Louisville and NASHVILLE. TS".
Manhattan. cx-dividend. 3O,467 Missouri
Pacific. 1G4CJ. New Jersey Central, 9,6bl
Northern Pacific. cos. do. preferred, H.
So. 81. Paul 237lo. Southern railway
preferred. 600 Union Pacific trust re-
ccipts 5jG1. American Tobacco, sAJJ'
Chicago Great Western. $500, feopie
Gas. 12.7oO, Sugar, Go'oss.
MONEY AND EXCHANGE.-Money on
cali easy at 202's per cent iast loan az
. per cent. anu closed at 2u2la per cent. :
prime mercantile paper. @i2mfl2 per cent
Sterling exchange about steady WIN nc &C
tual business in bankers bills AT 4stish
49, for demand and 20 4S2fi iS2h for sixty
davs. posted rates. fS304S3is and 4sGn
4S6i,. commercial bills, 1872 silver Ger
tlfcates, JGat 0J7fl. bar silver, '6ls' AleNl-
can dollars a. Government bonds firm;
state bonds dull. railroad bonds weak.
BANK CLEARINGS.-The total bank
,,,eek III ef,S afS 2S8. per cent. increase,
25e Exclusive of New York. So1l V0-'-
$50. per cent. increase, lOl.