The times. [volume] (Richmond, Va.) 1890-1903, 1898-01-18
FlNANCEAND COMMERCE.
Hh CLOSING QUOTATIONS OF
MONEI.
onetinrs and sales at the Richmond To-
p"coo Eschsnge-internal Revenue
'"ilcotions-foreig Advances.

NEW YORK, Jan. 17.-Standard shares
SSno" a fractional Improvement on TO
V except IN the case OF some shares,
IN winch SPECIAL influences were operat-
ing. Tho dealings were widely distributed
ana ha0 generally healthy tone. Stocks
r@'u ffidaY and Saturday on the ground
~ possible foreign complications were re-
i.iNh"seo to-day. the total dealings
amounting 10 nearly half n milton shares.
LONDON and the continental bOuraes were
sustaining factors. although the pur-
N""S's were mcaRrc Tor foreign account.
"s inc local market early Outstrippcd the
IoIeign initiative toward "a higher level
sugar, on enormous transactions, made
d" het baln OF "a, although in the earlier
'"h0a' IONS tntrc was COnslucTah BILE
Neakntss noted in that security. The old
SupJetl was brought up of what the re-
SUI. or hawaiian annexation would be-,
Win frce imports of Hawaiian sugar and
tHc probability that by midsummer there
would be competition between sugar re-
"htrcs now being erected. Stocks Of
properties located in The racine North
west were generally benefited by the be-
Htl That they would secure much traffic
OWING 10 the klondlke boom. oregon
iiiiWaN and Navigation Company mad
earnings from July 10th 90 November
'ih. said Co Dee very large. burlington.
~ raul, Northern Pacific and Union
racine were strong. The non-dppcardnCc
OF mo maximum freight decision was a
sustaining FACTOR i'm the day news
Hrokcrs seemed 90 Eivo some credit TO
th" reports OF closer relations in the mani
1scmcnl ot AN Vanderbilt railways. Lake
shore Michigan Central and New York
central were particularly strong. show
ing approximate gains Of per cent. The
Tact That New YORK and Chicago are
lending money ON the London and CONT
mental markets continues 20 be Il favor
able factor. the fortigners SO lar having
lQuidatcd their debt for America un-
paraliclcd exports only TO the extent Of
returning some American securities
Tho bond market showed falling of
u transactions but "a considerable un-
dcrt0no of strength WAS evident which
Was reflected iu substantial appreciation
ON many of the usually dormant issues.
seattle Lake shore and Eastern frsts.
trust receipts. jumped seven points 10
- on reported competition for control of
tho road. but subsequently lost One-half
of ihc rise. New York Central first trust
receipts were also in urgent demand, and
gained = per cent The aggregate sales
were S3.52j.p0. Government bonds show
90 heavincss the 5s and new As losing
slightly.
Tho total sales Of stocks were 43S 900
shares. including Chicago. Burlington and
quincy. 1873. Manhattan Elevated. 81
$50. Metropolitan Street Railway. 23.1s5:
Hawaiian Commercial. 5.371. New York
central. ~. 10. Northern aPcinc. 33.2SJ.
do. preferred. - .j63. Rock Island, G.29p.
So Paul. 1889. Union Pacific. 23.640.
Chicago Great Western. 800; Sugar.
ll6sl1. Western Union, J.G36.
MONEY AND ENCIANGE-Money on
can easy at 202A per cent; last loan
~ per cent. prime mercantile paper 304
per cent Sterling exchange dun, with
actual business iu bankers bills at ISli2U
$3.50 for demand and 49,. n4N2A Tor sixty
days. posted rates JSjn4s3i2 and 4S5hW
iNG. commercial bills ~. Silver ccrtih-
Gates. l4HJSii; bar silver. jT2, Mexican
dollars 4G. Government bonds easier,
State bonds quiet. railroad bonds strong