The times. [volume] (Richmond, Va.) 1890-1903, 1898-01-27
FINANCE AND COMMERCE
nm cLDsISG QUOTATIONS OF
MONIr.
Offerings and sales nc the Richmond To-
bacco Exchangs-Internal Revenue
Coiicctions-Foreign Advances.

NEW YORK. Jan. 2G-If the strength
I'm yesterdays stock market was 10 De at
trtbutcd TO natural recovery from thS
scare caused by the Maine departure
for Havana. there could be no doubt OF
the underlying strength and breadth OF
to-dayS market for securities. me Name
incident has. in fact. been converted INTO
an actual bull factor An the stock mar
kct. the exchange Of courtcsies az la
Nana be ng looked upon as prom sing
more toward smoothing relations between
tho TWO countries than anything thar has
Yet occurred. The movements OF to-days
market was broad and deep. and left no,
room 20 doubt that tho large interests
were absorbing securities with great con-
idcncc and IN very heavy scale fur-
ChaSeS OF .Oyu-share blocks were frequent
in leading stocks all through the list and
there were n number OF transactions in
bonds. Of which 5000 p r value changed
hands In one block. Almost every group
Of railroad properties I'm the market was
represented I'm the advance. and con-
tnuod heavy buying Of New York Cen
iral and tho Nanderbilts being tho de-
cisivc influence on the market. as for some
Time past. The grangers. the southern
group the southwcstcrns. the coalcrs. and
The klondike group all developed ad-
Nances from ] . points. Kansas ana
Texas preferred ros, points on rumors
of an approaching dividend declaration,
and New York Central AT one time added
nearly points TO Yesterdays gain. Lake
Shore rose AZ. OF the grangers, ROCK
Island was the leader. with rise OF 2l2
and all tho leading members OF the group
rose over a point. Reading first preferred
was I'm the van Of the coalers, with
rise Of 2i5 Similar sharp gains were
scored all through the Industrial list. The
group OF New York corporations was an
exception. and showed signs OF heaviness
London continued a large factor, though
its purchases were probably not as large
I'm this market was the case yesterday
The exchange reflected the further effect
Of this development with sharp drop OF
X in the actual rate for demand sterling,
bringing IL down 10 4Sll4. This Is the
point which has started the two last I'M
port movements of gold, and there was
talk in the street to-day OF gold Imports
This would he the more remarkable IN
view Of the hardening tendency OF money
rates abroad and the continued ease here.
The local money market showed no ell
feet from tO-days surrender by Now
York banks OF the first 80 per cent, IN
stallmcnt Of the Government dcposld on
account Of the Union Pacific sale rms
transaction resulted i'm practically Wlplhs
out the sub-treasurys debit balance az
the clearing house to-day, which had been
running recently at from over man q n'il-
lion 10 nearly a million dollars q day;
peahncs in bonds were large ana prices
very generally improved. The Kansas
and Texas accounts were most dcllNI, 1 d
gained per cent. Total sales. So'1,o'Vygo,
nited States old IS coupon. ana the
nov, IS declined 3. bid. and the . s, cou-
pOn. advanced is bii. , ROO
The total sales OF stocks were 4So.in
shares including AtchisOn preferred. H.
ce0. Cbesapoake and ohio. 300; Chicago,
burlington and Quincy. 2l,61J: Louisville
and Nashville. $500. Manhattan Elevated
q 2GO. Reading first preferred, S'o@o' MIS-
souri, Kansas and Texas. $3.50; do. pre-
ferred 2S.g2O. North American. 3SG9;
Northern Pacific 1890. do. preferred
- 80. Ontario and Western. l9220' READ
Ing 600: Rock Island, -, TO ST Paul'
% $50. Union Pacific 400. Chicago
Great Western. $50; People Gas lVlo'
ia Clede Gas, $500; Sugar. 1874
MONEY AND EXCHANGE. Money on
call easy at 1iad2 per cent; last loan AT
~ nor cent. prime mercantile paper, "a
~, per cent Sterling exchange weak,
with actual business In bankers bills at
4S4l for demand and al 4s2i3n lS2A Tor
sixty days: posted rates. 3S3d 1851 and
4S5i5d4s6. commercial bills 4SlA. Silver
certificates. - Mj1ia. bar silver, 'bs;
Mexican dollars 14A Government bonds
weak: State bonds dull, railroad bonds
strong.