The times. [volume] (Richmond, Va.) 1890-1903, 1891-10-24
TRADING IN TERMINAL BONDS.
Buying Of lis Securities One Of The Features
Of Wall Street.
SIGNS OF STRENGTH IN IRON MARKET.
Steel Rails Drag, However-Uow Secretary
Blaine spent the Dsy-"freight" Jones
Latest-New York News.
INV YORK BUREAU, RICHMOND TINES.
n

In Wall street to-day the buying OF Rich
mond Terminal securities was a feature Of the
noon trading. This was due to reports, con-
6rmed by the president that definite progress
has been made toward funding the floating
debt for term of years The total floating
debt is about $1,000, OOO Mr. Thomas has at
tended 20 the Fast Tennessee share OF this.
The debts of the Danvile, Georgia Pacific and
Georgia Central are the ones which have
been bothering. The gross earnings OF the
East Tennessee. Virginia and Georgia since
July l. show a decrease of $22l Oh as COM
pared with those Of the same period Of last
year. The net increase of the Richmond and
Danvlle for month Of September is al. 1888.
The officers OF the company state that the
only reason they can give for the advance IS
the favorable showing of this road for the
month OF September
President inman says: There is no truth
IN the report that tue First National people
have been looking into the cOmpany's affairs
with view Of aiding the proposed plan OF re-
lief. Other interests. however, have been ex-
aiming the cOmpany's assets and are salts
fed with them, but matters are not IN such /,
shape that We are ready to talk about them
yet"
The IRON MARKET
he IRON market continues 10 manifest
signs of strength the most prominent, main
tenance OF prices ID the lace of the tact that
pig iron production has reached its maxi !
mum weekly capacity. or about ~. 900 tons. /
Prices are not only hrm. but there are rumOIs Of /
general advance and IN Southern pig one OF /
from twenty-five TO fifty cents per ton |
Stocks Of pig iron decreased 400 tons during
the month. thus proving the consumption
which has been persistently reported almost
Nil TO have been heavy
Steel rails drag because the railroad compa-
panies cannot float their bonds. and until
they succeed in 50 doing there will be very
little doing IN steel rails Nevertheless there
il considerable INQUIRY and each week brings !
few orders. The straws indicate the drec-
tion OF the wind. and II IS believed that the
spring of 1892 will ind the mills flooded with
orders.
HOW BLAINE SPENT THE DAY.
James q. Blaine, at the Fifth Avenue Hotel
breaktasted this morning in the main dining
hall. lie sat near window. and the many
guests. most OF whom knew him. had chance
70 see how he looked. lie walked slowly.
but not feebly, and there was nothing in his
appearance that indicated broken health He
looked better in every way stronger than
when last seen in New Ork To be sure his
face was almost deathly pale but that
sieness has been seen on Mr. Blaine's face
Tor the past seven or eight years. He looks
younger than lie did in the last DAYS of that
After breakfast he returned u his room. and
the siege of callers began he spent the af
ternoon with his daughter. Mrs Damrosch.
at her residence He has refused TO speak
here on the plea that he was in hurry to get
back to work. and besides did not wish
20 tax his strength by speaking in
large hall He wanted to reach the
capital IN excellent physical condition. One
1f his ardent friends says that there was no
ioubt that he was taking deep interest in {
he New lork election. and that he was I
lwaiting the result of the Ohio contest with
Equal II not even greater concern. But do
not think" SAID this spokesman. that Mr..
Blaine would suffer a relapse if Mckinley
should be defeated" Mr.. Blaine will remain
n the city until tomorrow afternoon. when
10 will leave for Washington.
Lleutenant-G Governor Jones sent ont letter
yesterday TO the effect that he had bolted the
ticket
The letter caused considerable amusement
Democratic headquarters this morning.