The times. [volume] (Richmond, Va.) 1890-1903, 1898-01-06
FINANCEAND COMMERCE
T8E CLOSING QUOTATIONS. OF
MONII.
Oasring, aud Sales at the Richmond To-
bscco Tschsnge-fnternsl Revenue
CoIIections-Foreign Advances.

NEW YORK, Jan. 5.--Thc stock market
got away from the bears IN the lat''I
dealings today. and closed houNaht ahu
very active In part. because OF the rush
OF The shorts to cover Some Of The spe-
Cialtics were strong throughout the day
hat there waE period M the carly s'A-
son when the rcactionists seemed 70 have
Gained control. some of the southern and
southwestern stocks being sold down
point or over. The bears also attempted
to utilize the introduction az Albany OF
hills directed against combinations OF cap
ital. hut the effect OF these bills were
confined to Consolidated Gas. which fell
over q point Some hcavincss was early
manifest also among other prominent RAN
way stocks which may have been que
to sympathy with depression Of tho same
stocks lu London and on European OK
changes The forced covering of shorts
and the later buoyanCy Of the market
brought tuo extreme advances To- some OF
the most prominent stocks 90 nearly TWO
points o. over. and uet gains Of a point
or over are very frequent throughout the
list There Was "a growing i"clng also
that recent uttcrauccs ht railway ON
Gals pointing TO- poor returns ON account
of the low rates and rate cutting were
not fully warranted and were designed
% influence public opinion ana the acuon
Of Congress. The days reports OF rail
way earnings. came so reinforce this Wow.
80 pauls earnings for the last week or
tho year were second only TO those or
So for the corresponding period. MIS-
rNAfi lUIfIII SHOWS ti increase 900 NiNrn
earnings Tor the last week 10 December
oi SLOT Uo1. Chesapeake and ohio. SG,Gl3.
and Kansas and Texas &6Ui. The DC
tailed statement for October OF the
Cleveland Lorraine and Wheeling started
active buying of that stock in the llnal
hour wmll carried tho price mp TO lJ4.
compared with recent bids OF -. Finally
tho Union pacinc Reorganization Com
mittcc presented us chcck 10 the Cassis-
tant treasurer to-day for SS53S iol. which
is the final payment on account OF thc
mon Pacific sale. The contamination Of
this operation. which has been "a disturb
ing factor in the money market for over
a month and the absence Of furry on ac-
count of 10 in the money market to-day
was viewed with relish by Wall street
Tho future ease Of the money market
now seems assured so far as Government
operations are concerned. The encourag-
inc combination of circumstances served
90 put am end 20 the bear campaign 10
day. and turned the tide in favor Of the
bulls though the day business was stlil
largely confined 60 the professional trad
inc element.
The bond market took on increased &C
t!vity and strength i'm sympathy with
stocks. and prices were generally higher
Total sales 50 1000. United states new
ts were D. higher bid: the 5s. registered,
- higher. and the old IS registered, and
the SIS. coupon p. higher.
Tho total sales Of stocks were 23s. 700
shares including chicago Burlington ana
Quincy 1915. Lake Shore, 7lO5; Louis
willie and Nashville 1890. Missouri Pa
cifc. % so. Northern Pacific preferred
GAS. Rock Island. 1910. 81. Paul 20 AGO.
Union Pacific. 5SN6 American Tobacco
S5i2. Peoples Gas. ~ l23. Consolidated
Gas. 1.575: Sugar 1885,.
MONEY AND EXCHANGE Money on
call firm at 3U3is per cent. last loan at
3i9 per cent. and closed offered at 3U%s
per cent: prime mercantile paper. 3iZm4
per cent. Sterling exchange firm. with
actual business I'M bankers bills az 4SjG
4N1t. for demand. and at 4S23sfi IS2N for
sixty days posted rates. 4SpM4S6. COM
mercial bills 4Slis Silver certificates
HNaJS. bar silver. 5G's Mexican dollars
49, Government bonds strong state
bonds dull. railroad bonds firm