The times. [volume] (Richmond, Va.) 1890-1903, 1891-10-22
richmond City as, /
RAILROAD BONDS.


INV YORK, Oct. 2l.-lSpeclal. l-lhe Improve
ment IN tho ond market that set in yesterday
] with q strong London market created more
/ hopeful feeling and outside orders to buy
stocks were executed FOR the first time IN weeks
] to-day. The strong stocks we're again the VAN
der bills group. Now York Central touching lld;
| This was o. reports of favorable earnings. and
there is no doubt that the trunk lines are all DO
ing large business We think the cheapes1
is Erie 10 IS low priced stock
and has always been fayorlte. The Changers
were strong. but ST. Paul advanced the
most on covering line OF O'01 shares Of snort
viii h were Iut out little while ago 10y Young
man who had inherited large amount Of
money lately and who committed suicide To-
day. great deal OF short stock was also COW
cred in Rock Island and Chicago, burlington
and Quincy The market az the close looks
healthy and unless Europe goes in seller to-
morrow We look for q Letter market.
The following Is the report OF the United
Press:
Money closed at per cent the lowest rate Of
the day. Tho highest was ; or cent Exchange
closed steady; posted rates. 4Sl94Si't' scthal
rates 4S)l4a4SOl5 for slXty-day bills and 4s353
a43NS FOR demand. Government bonds closed
steady Currency 6s, III bid; A. coupon, 1904
bid: extended 2s, registered. 100 bid.
The stock market was more active this morn
ing double the amount of business being done as
during the same hours OF yesterday Inc open
INK prices were generally hg19 per cent higher
and during the first hour prices further al,
vanced frrctionally. littsburg. Chicago and
S.. Louis WAS the feature OF the hour. advauc-
ing on limited DuNluB from <btb 10 % i ne
NAnderbilts were the strongest stocks OF the
general market. Ia the hour % noon the mar
ket was not 80 firm and there was n considera-
DE reaction from the u o'clock prices by
midday. he feature OF the second hour
was the weakness displa ell by Sugar
Trust, which declined from ~ 10 So. The
noon figures for most stocks were only slightly
changed from Yesterday closing. The prInci-
pal trading Of the morning, outside the specu-
latves named WAS in LOuisylls and Nash
vile. Erie, Northern Pacific preferred.
burlington snd Rock Island. In the last half
OF the day the market was title moro active,
whilo prices w6re strong. There was good de
mand for all tho dividend Iayers, and several
sharp spuTts took place. St. Paul was actively
bought at intervals, it is SAID, for the
account of Cammack. one of the most
prominent brokers IN The street. Lake
Shore Now York Central and other fanderbllts
were in demand The executive committee Of
the New York Central railroad held a meeting
and il was decided that an extra dividend Of ,
Der cent would he paid il December. This
added materially TO the strength Of the stock,
and IL closed 23b per cent. higher Rock Island
Was also strong on a fair amount ~ buying, said
10 be for tho account OF a prominent broA en-.
The closing prices for the general list were the
best OF the day. The advance ranged from 4
TO 80 psr cent. tho latter IN Illinois Central.
The sales for the day were 26i.W7 shares.