The times. [volume] (Richmond, Va.) 1890-1903, 1898-01-05
FINANCEAND COMMERCE
TIM CLOSING QUOTATIONS or
MONIr.
Offerings and Sales at the Richmond To-
bacco Excbsnge-internRl Revenue
Collections Foreign Advances.

NfsW YORK. Jan. 4.-Prlccs OF stocks
showed a further decline to-day and there
was nothing 90 indicate that the decline
was duo 10 any other cause than The pre-
ponocrancc ~ those who desire 20 sell
over those who desire 10 buy. There was
some short selling boy the professional
bears. but no marked recuperaion. such
az would bc caused by the covering OF
shorts. was manifest and the brokers, ii
thcy sold. were apparently content 70
leave their contracts open. The special
ties continued 10 absorb the largest share
"t attention. but the market showed "a
broader tendency and the liquidation eX-
tsnded more generally through the list
metropolitan Street Railroad was fever
ish and crratic throughout moving over
range OF ~ points and closing with "a
gain OF "a fraction. Tho stock az one time
shared In the weakness Of the general list
and fcll ia points Manhattan was under
pressure all DAY after momcntary gain
az tho opening and Zen TO the lowest 10
only "a little below the close with "a feeble
rally There was obvious bear pressure
against This stock. Net losses Of large
fraction are general throughout the list
and number Of prominent specialies
and railroad stocks notably among SOUTH
crn and Southwestern roads and the
flalers show net losses Of "a point or over.
Yesterdays furry in the money market
which carried rates uls 90 six per cent.
WINS NOT repeated to-day. but rates were
hrm and the largest part OF the day q
IfHNsl. fiOus was made az per CENT
with.t@Ccptious at 3M per cent The clear
ing house statement disclOscs that the
January interest disbursements resulted
fn tho transfer Of "a little over S4.O1ODO
from the Treasury 10 the New York mon
tN market. as indicated by the sub-troas-
urys debit balance The days exchanges
90 the clearing house ran up 10 the cnof-
nous total of $40 7.,l 265. and the balance
footed zap over S1GJo0.O1o Tomorrow
is Union Pacific payment day There are
not such confident predictions heard OF an
immediate easing Of the rates for money
as were heard last week. though the eN-
change market holds firm on demand
which is based ON presumption OF lower
rates for money boo The near future.
Tho demand for bonds WAS not heavy
to-day. but prices were well held. Io'u
sales 81 $4,000. United States old IS
registered were y lower hid, to-day and
the rs were Is higher.
The total sales of stock to-day were
-Nf. 7ON shares including Atchison pid. -
9s5. g. 70 and O.. 1884; l.. and n, 5000;
Manhattan. 2G4S3. Met Traction. 6.OSl
$40. Pacific 14l5. Northern Pacific ptd'
$50. Rock Island. $50. 81. Paul. 2ll3'
Amer Tobacco. 40. Pay state Gas. o.
a9n. Chicago q. w. 412p. Peoples Gas,
J.. pa. Sugar. 10 $50. W. l.. $3.50.
MONEY AND EXCHANGE Money on
call firm 2i.H4 per cent: last loan, ~
closed 3s04' prime mercantile paper a,ge
81 per cent. Sterling exchange firm with
actual business in bankers bills az AN4's
for demand and AT 4.S2Ndts2i2 for sixty
DAYS. posted rates f.S3 and 4.Sj04S Sc. COM
mercial bills. 4S1i Silver certificates,
~, n57. bar silver 46a, Mexican dollars
10. Government bonds. strong. state
bonds. dull Railroad bonds, firm.