The times. [volume] (Richmond, Va.) 1890-1903, 1890-11-21
FINANCE AND COMMERCE.
QUOTATIONS or THE NEW YORK
COTTON MARKET.

.....,,on Of robacco at RichrAsnd and
o,her Important Ceutrss-Cottsn and
YARN Products Peanut Quotations
miscellaneous.
Nrw YORK, Nov. 2O.-Money closed
oosv At . per cent. Exchange steady;
no.ied rates, 4SOXQ4s7,l; actual rates,
l-ezad79k for sixty days, and $500
,seal for demand. Government closed
lowcr: currency 6's, l12 bid; as, coupons,
ll9X bid; as do, 100 bid.
wall street to-day was less nervous, and
the feyerish feeling which was so predomi-
n1nt Yesterday had almost wholly disap-
reared when. the stock market opened.
mis- was wholly due 20 the entire absence OF
on, disquieting rumors. and the more IA
,ofable adVices from London. Early cables
nom that place brought the news that
.foeKs had opened higher, that the Bank OF
Fnrland's rate Of discount remained I'M
cb,uved. and had not been advanced as ex-
,.rfed. and that the weekly statement of
isnAs showed that they had increased 1920
ter cent. TO 1851 per cent. The
,n,imation that the great house OF
Barring Brothers was in worse plight
imam had beer published was also explained
away by cable dispatches, which stated
that The ROthschilds had guaranteed the in
,ere.t OF the Argentine bonds originally
f,ltced i'm the market by the Barings. This
news was received with much satisfaction on
MALI street in view OF the fact that the step
y.uld greatly relieve the house OF Earrings
and consequently help 10 restore confidence.
the hrm had been hampered by their Gus
TONER'S 90 whom they had sold Argentine
bonds. and since the shrinkage of these
bonds they have been asked 10
f,ke them back. The action OF the
GothSchilds in guaranteeing the interest on
fh. interest has hri the effect OF stopping
in "a great degree the return OF the bonds.
-rl. weakness Of the house was known to
number Of people in England having inside
ionrmatiOn. for several days before the
,..,ss reached here the statement that the
rr,n.. troubles were due, in part, 10 the
..,,tlr4Nal by Russia of 100000 pounds
ann. out to- be untrue, as the
f,n3. have not as yet been called
Ina The Exchange here opened with
"a decidedly improved tone. Prices were
strong. and under an active buying ad-
,.,,.li D.. to l1. per cent. In the first ten
minutes. led by Missouri Pacific and New
Tr.gnd From this there was a reaction
of f1 per cent. by 1890, and the market
Then iapsed into more or less dormant
state. but the tone was firmer, and at mid
alt most Of the list had recovered 10 the
Iish prices Of the early dealings. One Of
Ola. items which aided the strength OF the
market in the early trading was the an
nOuncemcnt by one large firm, which has
loaned large sums OF money during the
past week. that they would renew their
loans to-day at per cent. The
run ON the Citizens Savings Bank which be-
an Yesterday continued undated this
morning, but the news had no apparent
effect ON Wall street. The bank readily
met al demands, and the bank officials de-
elared that they had ample means TO meet
any demands that could possibly be made.
The sales Of stocks for the two hours from
thp opening until noon amounted 10 only
Ig1.3lJ shares-the smallest mornings busi-
ness at any time since the present IMAM
cilliisturtance began. The market was
dun after T. O'Clock up to 1890, when the
news of the failure Of Barker Bros. 4
Ode. of Philadelphia, reached the street.
Iui. caused some little excitement, and for
"a time unsettled the market, causing some
reaction. bat when il was found the firm
had little interests here the market re-
recovered aud strengthened on
sers small volume Of business to
the close. The Northern Pacific direc-
tlr- declared the usual quarterly dividend
of per cent. this afternoon, aud this, to-
ceiucr with the continued ease in money,
and tue receipt Of London adyices that the
stock market there closed firm, helped the
market. and prices at the close were gener-
aIfV D.. % , per cent. higher. The only nOta-
DID, exceptions were Milwaukee, Lake Shore
and Western preferred and Rock Island,
which closed at ~ per cent. lower, respect
lively. The latter was sold down on rumOrs
that the next dividend would be passed.
Il total amount OF certificates issued by
Old. clearinghouse up 10 this morning was
Si1~i.OlO. President Cakes, Of the Northern
Pacific. to-day denied the report that the
EY.kefrlcrs had obtained control Of the
road. lie admitted, however, that they had
been large buyers OF the stock recently.
The sales Of stocks to-day were compare
lively small, aggregating only 2S9,039