The times. [volume] (Richmond, Va.) 1890-1903, 1894-10-12
FINANCEAN COMMERCE
the CLOSING pUOTATioN' or
4JNEY
Offerings and sales at tho Kichmord To
baeco Excbange-intornai Eevenus
CoIlections-Foreign Adyices.

NEW YORK, Oct. f1.-London was re-
sponsible for the strong opening AT the
local Stock Exchange this morning, the
foreigners having turned purchasers OF
Louisville and Nashville, 81, Paul, and
other of their fayorites. This led no a
rise OF lsFI1 per cent. Sugar, Louisville.
ST. Paul, Manhattan. and Missouri Pa
ciic were all prominent az thls time.
The Improvement was followed by
selling movement in the Grangers, Cen
eral Electric, Manhattan, and the Cord
age stocks. The Changers were pressed
for sale on the old reports about poor
earnings, some Of. the sellers predicting
that St Paul viii show a comparative
falling off in receipts for the second
week Of the current month OF fully
100000. The pressure resulted In a
decline Of * 10 COS In ST. Paul, = 10
jSA In Rock Island, and * TO LIS in Bur-
lington. The Government crop report had
no influence on the market. Manhattan
was forced down Ia TO III, but closed
at ll2&. In the Cordage stocks liqulda-
ton continued early In the day, and the
common fell to 10 and the preferred 20
10 at the decline. Brokers alleged 10
be acting for insiders put their common
back TO Is and the preferred TO 2}A.
Bay State Gas ranged between - and
Telephone. which was listed yesterday,
opened at - and rose to j5@.. Toward
the close a firmer tone prevailed, owing
TO the somewhat weaker condition of
sterling exchange. Inc Hldthet TOT the
latter was weakened by the appearance
OF security bills. This was accepted as
meaning that there would be no gold
shipments. at least TINS week, and con
seouently some OF the smaller shorts
started i'm to cover. which reulted I'm an
advance of >, TO III per cent. from the
lowest polnt OF the day. The improve
ment was pronounced I'm Sugar, Louis
vile Reading. the Changers. and Mis-
souri Pacific. The loan crowd indicates
that the market Is again heavily over
sold. st. Paul having commanded
premium of 1d1 lbs per diem. At the
close speculation left. on nrmer Net
changes show a gain OF X TO ~ per cent,
T.ouisvi11e and Nashville leading. Bur
iington and Quincy. General Electric.
Western Union. Manhattan. and Bay
state Gas. however. declined x to x
pe- cent. United states Cordage gained
Il per cent. do. preferred A. and Nickel
Plate second preferred 2 per cent. Bust
ness was better distributed than for
some time past. Sugar figured for only
- 600 shares against an average or over
70 600 shares for the Tast three davs.
THO bond market was IRREGULAR. Sales
Of listed stocks aggregated 10000 shares;
unlisted. 81, 900 shares.
Money on call easy at per cent. last
loan AT I per cent, and closing offered
at / per cent: nrime mercantile paner'
464h per cent Bar silver. G}N Sterling
exchange easier, with actual business IN
bankers' hills at tSG3i for sixty davs
and IS71hd4S7ai for demand; posted r. re-
gs7tL6iSS1L: Commercial bills 1917 niN6.
C,overnment bonds firm. state bonds
dull Railroad bonds irreg1ilar: silver
at the board WAS uulet At BIS bid ..,.,
Treasury Balances-COin, ST6,MIwO;
currency. so 2ST 200.