The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-01
FINANCE AND COMMERCE
rms CLOSING QUOTATIONS OF
MONEI.
Offering. aud Sales at the Richmond To-
bacco Exchange-fnternal Revenue
Collections Foreign Advances.

NEW YORK. Jan. 3i.-To-day's stock
market was more active and broader
than al any time since the present up
ward movement began. but II was exceed
ingly uneven. and some prominent stocks
in the list show net declines. The market
ignored the heavincss OF some Of last
weeks speculative favortcs. and other
stocks were taken Up and pushed ag-
excessively There Was very Obvious real
izing Boa New York Central. Lake Shore,
Rock Island and Sugar. 4 he leaders OF
to-days advance were Chesapeake and
Ohio. Cleveland G.. &. and st. Louis,
Louisville Pennsylvania and Northern
Pacific preferred The first two named
were affected by the published rumors
that AN amalgamation was in prospect
similar Co that projected for the New
York Central aud Lake Shore. There
was quite a. large demand reported for
Chesapeake and Ohio FOR London account
which was attributed 20 the presence 10
London OF prominent attorney OF mat
company. Other properties were under
similar control TO large extent. and
shared more OF Jess in the strength.
Northern Pacific preferred continued its
remarkable advance, and touched 90 dur
ing the day. Confident assertions thai an
dditional dividend was imminent accom-
panied the advance. Louisville continued
10 enjoy The advantage or the reports
of refundine plan nearing completion:
If rIffNENN OI ~ IlIIFN NNttIiifi was 'fNAN
fu Dee due 60 the operations or pool
which are based ON the assumption mat
tho stock has not enjoyed rise com
inensuratc with that OF other trunk lines
which arc mo- better situated. The sharp
rise I'm Baltimore aud Ohio. which, az the
highest amounted to 3is. was unexplained
hy any news of The day. strength IN
number " The industrial specialties. notd-
hlv Tobacco and Leather preferred. and
the advances OF some of the high-priced
investment stocks and the strength OF
the cOalcrs. due TO the prevalent colo
weather helped 60 sustain the market.
and the continued large absorption OF
railroad bonds was au additional factor.
The tone OF the granrcrs was heavy AN
day with the exception Of Burlington.
which rose at one time over point ana
of Northwest and Omaha. which moved
iu sympathy with the Nanderhilts lhcle
were several halts during the day. due
to the taking OF quick prohis. ana the
trading closed with very general move
menf 10 that end. which embraced an
the strongest and most active stocks. cut
ting down their extreme gains IN an
cases Sugar lost nearly all of its early
advance London was both buyer and
seller Bon this market. and Union Paclnc
and ST Paul felt the adverse effect of this
selling. Comm ssiOu-house business was
on "a large scale.
Business in the bond market was on
very large scale. Kansas Pacific consols,
I-nlou Pacific and AtchisOn issues and the
Texas Pacific seconds. being I'm special
demand. Prices arc higher all around.
Total sal S. SG.3fOo0O The United States
new as advanced q, bid. and the J's. cou-
pom s.
Total sales ~ stocks were 57itOO
shares. including Atchison. $500; Balu-
more and Ohio 56l3. Chesapeake and
Ohio $3.50. Chicago. Burlington and
Quincy. ~ 7O5. g.. g.. g. and ST. Louis,
800. Louisville and Nashville. 80 402.
Manhattau. 80 g15. Reading first pre-
ferrcd. l3 NSG. Missouri. Kansas and
Texas preferred 40. New York Central.
30 1870. Northern Pacific 2G1I0. DO. pre-
ferred. - -. Northwestern. ISL. Read
ing 500. Rock Island. GGi0. St. Paul.
% 700. Southern railway preferred. G37G.
Union Pacific $500. American Tobacco,
t11S5. Chicago Great Western. J.1Gl.
Peoples Gas. 2G $50. Sugar. 1855. United
States Leather preferred. 5Aij.
MONEY AND ENCHANGE.-Mo on
call easy at 1ig02 per cent. last loan al
ga per cent; prime mercantile paper. 30f
per cent. Sterling exchange steady, with
actual business in bankers bills at 4Sfs
for demand. and an ISL for sixty days;
posted rates 4S3Nis3ie and ASj40isG.
commercial bills. 49,. Silver certificates.
lGlsHJ1at. bar silver. l6ie. Mexican dol