The times. [volume] (Richmond, Va.) 1890-1903, 1897-05-13
FINANCE AND COMMERCE
THH CLOSING QUOTATIONS or
MONIi.
Offerings aud sales OF the Richmond To-
bacoo Exchange Internal Revenue
Collections Foreign Advances.

NEW YORK. May l2--To-days market
Tor sfal ks wUs ~'most "a repetition OF
Stsicfd.y's. whatever Sfrength tnerS Mas
, sner"ls ' a, le s'' ion JOB S - w
IN, strsneth reflected rom there which
NJ bowlvcr. less marked than ycster-
dav London also was AGAIN a purchaser
Of securities in ulis market. though NOT
an lo largo ID volume as yesterday some
,,,,rrtrs,'e Wcrp also said 10 be for Hoi-
iard account The stocks bought By the
forfiantrt were Union Pacific. ST. Paul
and Louisville and NasnNiucs also Nor
FOLK aud western some ,s"ieS lot ioI-
..ira account were also made. The selling
movement in Sugaf and Chicago Gas be-
camc heavy later in the day. Sugar being
sold ODD REPORTS oi Jeopardy % ihe sugar
schedule on thc amended tarlH biii, ana
ChiraDo Gas ou reports OF the unilkeh-
bod fhal tho expected beneficial loels-
lafIon could ho enacted IN Illinois. ms
.4usei such sharp declines I'm those stocks
that tHo depression spread 10y sympathy
fnrarln fnc nst The dullncss Of trading
was in part due 10 the expected announce
mont al further gold shipments, but these
were not forthcoming beyond an Increase
Of only SlN.nlH by e. house which had al-
ready announced SNOMD by tomorrow
steamer Whatever shipments may be
made lv Saturdays steamer are now eN-
pocfcd fo Doc small. as was foreshadowtd
last night There is I'm fact. a very bgii
demand for exchange, ana no cnconfhrf-
mont fo oncr bills against gold 10 IS
evident that "a very small quantity OF
these would break the exchange market
below The profitable point Tor gold ship
mrnfg. What shipments may De iorul-
coming ON pccial orders from Europe, on
course. remain 0nou 90 conjecture. iht
considerable purchases OF our securities
U.s. London yesterday and to-day mas
tendency TO weaken exchange. An M
crease IN the exports from thc ppIl on
New York for the week 81 Sl.'lp.@v" t"ih'-
- Hfr4Ft
week. and the Governments receipts iivI
customs from day 60 day show that th-7
weeks imports viii hnrdiy feach any
thing like last week usNitN. ~. wy
other hand. New York exchange on fafl-
shows a tendency 20 harden. ana inc
Paris rate ON London declined snsht3
again to-day. As "a result of the upN"tu
movement of stocks to-day ana the SUI
scQucut reaction. net changes hs lv
Tho most part very ua "rOW. The restrict
..d character of the market is shown by
the fact that Sugar and Chicago Gas hn-
sOrhsd over Onc-third Of the total dear
inre. and as these two stocks were noia-
Div depressed. they constitute an eHcctiNe
DRAG on tho market The foreign pur-
chaers Of stocks We're estimated at from
~ ON to 1900 shares. The total sale OF
stocks for the day amountd 10 ~ -"
shares. including American sugar lie
fncry $500. Burlington and Quincy
Quincy. 1000. Chicago Gas, 232VO; 81
Paul pfl 10 100. Wabash pfd. 1l.lOO; New
Jor sew Central COCO
Tno bond market maintained firm
tono generally with purchases Tor foreign
account again noted. Cams OF SilEhl
fractions were generally made i'm the
leading issues. with the speculative hhta
nhsorbine the bulk of the dealings. I'M
provcment Of 101ia per cent. were scored
in some Of tho inactive middle grade
stocks The aggregate transactions were
81 ~ OOo Governments were dull hut
q hardening tendency was apparent Ut
the now as The sales were S52'OOO.
MONEY AND EXCHANGE; Money on
call easy at i4nia per cent: last loan p
per cent. and closed offered At .lN'2 per
cent: prime mercantile paper. 3hp4 pei
cent Sterling exchange steady, with ac-
tual business I'm bankers bills 81 4eit4n
aS7a, for demand, and at 4sOhn feO'2 loI
sixty days posted rates. 4Sill'P2 and
4sSn4S9. commercial bills. 4sJl2 siNer
certificates GOi4061. bar silver dOA; Mex
Jean dollars. 405s. Government bon9s
firmer. state bonds dull; railroad bonds
firm.