The times. [volume] (Richmond, Va.) 1890-1903, 1898-01-12
FINANCEAND COMMERCE
xHB CLOSING QUOTATIONS OF
MOAiI.
Offerings and Sales at tho Richmond To-
bacco ENchHnge-Internal Revenue
Collections oreiyn Advances.

NEW YORK. Jan. n.-London opera
tor, in American securities nad appa-
rsntly recovered some of their confidence
la the future Of values IA inns country
to-day after the alarm tncy had mantest-
sa yesterday over our poii.cai intuIt.
SVmD sharp cams were i'tOiuto iUi
Americans on ,uc Louoon ENchahkc bc-
loTe The opening here. lu TACT the i"H-
don haull~uupsS outran The local opinion,
and New York prices ala not RESPOND
fully 90 the rise ln London. Inc m"IN.l
aI uay Was one ulhltut OF analysis on
account OF itS uncveunrSS. Ihcfc were
points of notable strength and others OF
marked weakness Boa the list, aud neither
Was altogether effective In giving tOhc
20 the market. sugar was tho Sptcial
point OF weakness, and the large Npluih'
OF transactions in n gave its weakness
influence ON the list. thc grdhgcIs were
ALSO ueaVy boo the early dealings though
subsequent TccoNcrics brought their pilCts
Cd fiatt.0u above yesterday close. Inc
t0aIers were centres OF depression on ac-
count OF The condition OF trade ana inc
unreasonable mlldness OF the weather
ON the other hand. there was very strik-
ing activity and strength IN the NoitnelN
Pucinc stocks and in Union faclnc' my
strength seemed TO extend also 70 alNeu
and connecting railroads IN the West ana
Northwest They were helped ny tht Oe-
cisiou Of The Interstate Commerce Com
mission TO continue the suspension OF luc
long and short haul clause ON lIaHlcc IN
competition with Canadian railroads. lhH
dealings I'm the stocks OF these trans
continental lines were very heavy, ah9
transfers OF blocks OF several ihousaHu
shares in individual uansacilons Wele
quite frequent AN day. Manhdithil was
another strong feature OF the market on
the authoritative announc mch' OF an
intention TO change 10 electricity the mo
tive power Money yielded slightly. but
most of tho business of the day was done
af 90 per cent In the money market p
however rates were down 10 ~ per cent.
Tor sixty days. and from 8 10 ~ per
O
Was am active demand for commerclal
paper. but the supply was good; among
fh- notable movements on the Gay were
the decline Of 2ie in Baltimore ana ONO
sn1 "a rise of two points in the common
.nd preferred stock of Susquehanna ana
Western. o..s
fhc high-gradc issues all showed hlgher
r,rirce There were several transactions
Of par value of 10000 BUSINESS was
very we'll distributed. but the Aichlsoh.
Union Pacific Texas and Pocihc ana
Union Pacific. Denver ana cur lsSe-. ioo
iu r0.nf of activity Total sales. S'.'pp =
ooO United States old As. registered
aro o. higher and tho new as y ElEher
The total sales OF stock were $4,000
shares including Atchison preferred
o. 2fO. Chesapeake and Ohio. '4ts m
rago Burlington and quincy, lIbll ,
Housewife and Nashville. $50. Manhat-
tam Elevated. $3.50. Hawaiian con- mer-
DInI COMPANY I.EI. Northern racine. %
~ 90 ui'ltiIrp. .' -. -, u, 81,
$50. ST. Paul l7.3N2. Union Pacific. y e.
Oe5. Union Pacific. u. and g.. b.f",
Wheeling and Lake Eric. 16lo. Chicago
Great Western. GH5. People Gas. J.HJO;
Sugar. 1882. Western Union. 5.G2i.
MONEY AND Money on
caU easier. actual transactions ranging
oigQ2 per cent. last loan at % per cent.
and closed bid and asked ~ 2'2l3 per
cont Prime mercantile paper D1mil4
per cent. sterling exchange easier. with
actual business iu bankers bills az 4s1d
fS5is for demand and al tS2'en 1875 for
sixty days posted rates. 4Nllrn4S6; com
Gates. a7it0JS. bar silver l1i2. Mexican
dollars as Government bonds strong
State bonds dull. railroad bonds strong