The times. [volume] (Richmond, Va.) 1890-1903, 1898-01-25
FINANCE COMMERCE
nm CLOSING QUOTATIONS OF
MONET.
offerings and Sales al the Nichmond To-
bscco EXchapge-Internal Revenue
Collections Foreign Advances.

NEW YORK. Jan. 2f.-There was moth
ing particularly interesting in ;o-day's
stock market previous 10 the rcccpt.on
of the news that the United State hip
Maine had been ordered 20 proceed TO
havana. Until that time the market was
wholly ia tho hands OF professional trad-
Crs and transactions were on q smdll
scale. Standard stocks were neglected
n the securities OF the local corpora.
lions, WHOM are more or less d~cpehueh t
ou municipal favors. were hfiskly manip--
llated. Later some OF The Nandcrnit
stocks were X up and ADVANCE.
sharply. The general market remained
pcrsistcntly heavy during all TINS tlilc'
but nuctuatcd very narrowly. the oHeI-
ings being light. gs wei as the uctidhu.
In the international stocks the dc'ines
were hardly as pronounced as thost re-
ported from london. This state OF al
fairs continued after midday, Whch II
was followed by general improvement,
prices OF the majority OF Stgths HdN We.
risen a a above Saturday close Just
before the selling movement. induced ny
the news of the Maine movements, be-
gan. This news was REGARDED win hhtp-
tlcism az first and the market held STEADY
Tor "a time. but upon the puDhcal'9n yl
the Associated Press accounts the uqul-
dalton probably set lon. The offerings
were not on n tremendously heavy scale,
hat tho demand was light and prices fell
fast. The peculiaritics which had been
marked up in The morning and some OF
INC railroad stocks. which have shown
tho greatest strength recently. suffered
tho r-cavicst losses on "a rush 20 take
profits. Tho Northern Pacific and Union
Pacific were conspicuous sufferers in tbs
respect. Tn a feW cases fractional net
gains were made after tho late decline,
bat net losses OF between ! and . points
arc very frequent AN through tho list Of
active stocks. including the leading sne-
c%ialtics. tho rrangcrs and Missouri Pa
cInc. Tho att tudc or the authorities nc
Washington in attaching little signih-
canoe 10 the proposed movement Of the
Maine had lttlc effect in allaying the
bCar.sh tendency in the market. with the
exception OF some sharp rallies I'm the
local New York group. the market closed
weak and near the lowest. Notice from
Washington that tho deposits In New
York banks on account Of the Union Pa
cinc sales would be- called i'm ten weekly
installments-thc first on Wednesday
noXt-was doubtless with the concur
renee and the approval OF the banks IN
which the deposits lic. The government
arranged in the first place to leave them
there m order 90 guard against % strin-
gency I'm the money market. Their with
drawal now. % is hoped. may give some
tone 10 them ON market. which had
grown quite heavy with "a probability Of
sun greater congestion Of idle funds
Saturdays call loan market. however.
showed no QuOtahle change.
The bond market showed increasing
weakness as the day advanced iu sym
pdthy stocks. tho declines being marked
in those bonds which have shown recent
strength. The United States new as
fell ono-half iu the bid price to-day. The
calling Of the government deposits in the
Now York banks tends 10 increase the
supply Of government bonds by releasing
those which have been placed as security
for these deposits.
The total sales Of stocks were 400 200
shares. including Atchison pfd. 1920:
Chicago r.. and o.. 29.O7S. l.. and y. o.
600. Manhattan. 20 700. Met. Street r. w.
121So. Missouri Pacific. % JpO. y. y. C..
@f7 i3 Northern Pacific pfd. 1880. Chi
capo y. W. 2O.S20. Rock Island. S7Gj:
81. Paul. - 100. Union Pacific. $500
American Tobacco. II .4Ol. Chicago 6. w.
= 5fj. Poonle's Gas 5I9J: Consolidated
Gas. 1925. Sugar. 3G.11O.
MONEY AND EXCHANGE-Monev on
call easy. 1i.u2 per cent. last loan. o
per cent. prime mercantile paper. 303A
per cent Sterling exchange. dun and
heavy. with actual business I'm bankers
bills ~ 4.S4% for demand and AZ 4.S2NM
sos, for sixty DAYS Posted rates. fS}d
4 S9t5 and 4SIt.NfSG. commercial bills.
4 s.. Silver certificates. 5Gig057i2; bar
silver. TGa. Mexican dollars. iiH. Gov
eminent bonds. uuiof. State bonds. dull,
Ra .lroad bonds. weak.