The times. [volume] (Richmond, Va.) 1890-1903, 1890-11-19
FINANCE AND COMMERCE.
QUOTATIONS OF THE NEW YORK
COTTON MARKET.

s,toatt.n of Tobacco at Richmend and
Other Important Contradiction and
Farm Products Peanut Quotations.
miscellaneous.
Nyw YORK, NOV. ls.-Money closed
easy at per cent. Exchange closed steady
,o.tod rates, 4S0l<@ lSi; actual rates, 47s,1
nt-as. for sixty days, aud 4S594@4s6 for
d.mand. Governments closed steady; cur
rcncy IS, li8 bid; Fs, coupons, i2i bid;
pr- do. lOl bid.
There was still much uneasiness in Wall
street this morning Although there were no
now developments over night a nervous feel
inc prevailed. This was intensified az the
morning wore on by number Of disquet-
inc umors, among them one 10 the effect
fhat one Of the most important banks in the
street had been compelled 10 obtain assist
rfcn a. "a large amount. Color was given
3. This hy the, fact that the clearing house
mad refused 90 make public the
number OF certificates loaned 20 banks
Yesterday. The action Of the com
mtiec caused no end Of comment,
.n1thorc was considerable adverse criti-
c.,ms INDUCED In. The apprehension which
nr~. rumors gave rise 20 were greatly in
.rel~od when 10 became known that the
..nh. were calling IN loans. The calling OF
loans had hardening effect on money, and
r.f.- ur call loans began 20 advance as the
morning wore on. When the Exchange
0n..od prices were but little changed from
last nights closing and during the early
dDII ng~ there was slight snow OF strength,
,,.i.nflv due Oh some supporting orders.
lmmrliafcly after the opening, however,
fn.muhct became unsettled. and during the
fr.f lour prices changed frequently. but
.fniu narrow limits. Before II O'Clock
ra failure of the firm Of +. W. Gallaudet
IS Go. was announced. This failure al
though NOT wholly unexpected, staggered
rr.ce- for "a time. aud from II O'Clock 10
noon under a moderate selling, there was q
Gradual shrinkage OF values. At midday
,..... ,,.r. d, to2 per cent. below those of
t.-t..lag. Mr. &. Minor, the assignor OF
fn.frm ofGlllaudct a Co., made astate-
...rt .r which DE stated that the embarrass-
,..r. MAS due On thc calling IN of loans by
t.. hanks because the securities upon
,.s.h Zinc loans hal been made
n.I f.r.,lv dogreciatcl 10 value. He said
nst boz believed the FIRMS assets would
f,r, meet al liabilities and leave hand
-.n. surplus. the Liabilities he placed be-
..... s-ilNlI and 100000. There had been
.r...rlhI. rumor> in circulation for some
t.r.. r.-Irlln- the standing Of the firm, and
som. broker. did not hesitate TO say that IL
.l.- fI.lUf flr firm would 20 under when
Decker. Howell a Co. failed last week. The
relations 81 the firm with Jay Gould
W.rU said Oh he very close. II was said that
DE- ..n frequently executed large orders in
Old. stock market for him, and some sur
prise was expressed in Wall street that he
..I uUf save DO from failure. Some bankers
500 that 30 wason Jay Gouid's information
fIt GAllaudct s. Co. loaded with stocks at
much higher figures. such as New England,
Western Union, Missouri Pacific and
At.li-lu. I'm the early dealings to-day
There was slight furry in Atchison. IL
$3.50. attributed t0 a special from Kansas
l.tt that Jay Gould had been heavy
chaser with a view 20 gaining control
..l. road. ice-President Reinhardt, Of
t. road. promptly denied that Mr.. Gould
H.I Gained control of AtchisOn. lie declared
..IfI majority of the shares were held In
-.t England and mostly by people who
fIe bonds of the road. The stock Is
..Il H- d matter of protection. Ii was not
..U.l however, that Mr.. Gould is a
.... holder Ot the stock, but the
possibility Of his getting control was
tN.l a~ very remote. \ dispatch
tm london says that Barring Brothers. &
t... NlY are the English agents Of AtchisOn,
s.l tl.Ir holdings about two weeks ago.
amount realized was $j,OOO,UO. The
-I. WIS elected without affecting the
r... There wa. some large selling OF
a Pacific in the early trading at a
slight lNance on last night and in this
zion the rumOr that sidney Dillon
succeed Charles Francis Adams was
I and accepted as proof that MIR.
nlI had accomplished what he
$500. after. At . O'Clock there was a fur
f..r -HrIuhage in prices. Jersey Central
H.- . principal feature. a few selling
....- came in and as the market was "a
Iu.t.I Hu. the prices declined %, decline
..r cent from ITS opening price. The
depression wa, helped bv the bears, AT
..t-f chat was tur explanation given by the
friends of the stock. By others. however,
decline was regarded as evidence OF
I.ldltI9n. &. b. Gunther, " ales 4 Co.
ulI r. kirkner We're the principal sellers Of
fIr Stock The decline in it broke the rest
90 trr market. The Gould stocks were
noticeable heavy. and the general market
was tprF icNeri-u. The dealings were not,
however 0n very large scale. Prices
steadily declined up 90 2:30, when the
lowest 81 ure, Of The day were generally
made. Iur decline was materially assisted
ht tl- -frlu-cucF ot money, which al =
.'ei c' 1870. up i0 ID per cent. The decline
Nl- ALSO assisted hy hearlsh talk Of liqui-
I...u and even mention was made Of
BONUSES DOB regard o. which IL is believed
I- mot the shadow of reason for
-.I..Yn. The decline al 2.jo for the gem
. I.t ranged from 90 4 per cent.
f...f -.4N the failure of ". +. owens was
..n .n..d. bat al that time money was
Hu n per cent. and it had little effect.
NU f.. contrary, prices rallied sharply, and
market closed somewhat steady. The
...fn.-- no money today until with few
minutes No The close caused much grum-
ul the part of brokers against the
...- They were generally denounced IN
coming 90 the relief of the market.
.t.r- declared they were at loss 10
.Uf lr their calling of loans and other
which they characterized as Thin
-ur. DO was stated on good author
f..- evening that all OF tn matured
I'- Oboe North American Company had
rad. and AN time loans margined in
-. that none of the collateral will be
,lr sale on the market. London adj
t- t"-.lty were that an unsettled feeling
prevailed 800 the stock Exchange there.
....- I.r fY.F4t ttprf RID III 1larea