The times. [volume] (Richmond, Va.) 1890-1903, 1894-11-02
FINANCE AND COMMERCE
THE CLOSING QUOTATIONS OF
MONEY.
Offerings and Sales at the Richmond 10
bacco Exchangr-Int,raa Revenue
CoiIections-Eoreigp Advises.

NEW YORK, Nov. 1.-The stock mar
ket was nervous to-day and responded
quickly 10 the outside conditions except
tor american Sugar, when acted dlreclS
contrary to the current news on the
property. The STOCK was IN deHlauu
throughout, and advanced from SIPS 10
oD",. closing at SG1s, d gam or per cent
for the day. The advance took place III
the face OF another reduction In renncd.
making a cut OF * per cent. Tor the past
ten days The rise was generally at
tTiouted TO insiders, who, the street mas
II. are expecting a favorable decision IN
the matter OF the revenue tax on German
sugars The general list displayed "A
firm undertone. the market recovering
quickly from bear attacks. TINS con-
tIngent hammered the Changers ana Ne"
Jersey Central at times, but they did not
succeed IN shaking out long STOCK, as on
the previous days of the week The I'M
preston is gradually gaining ground that
the big bears have taken advantage or
the break in the COalers ana Northwest
ern to materially reduce their snort lines.
preferring to have their mouse IN oruer'
so as to be prepared for whatever the
elections may bring forth. The news
to-day generally favored those operat-
ing for higher prices. The Louisville
and Nashville September statement
showed a net increase OF $4,000. The
New York Central for the September
quarter earned l.15 per cent. on the stock,
which was much better than expected.
The Pennsylvania declared its regular
dividend, and the deposit Of Reading
securities under the Earle-OlcOtt plan
were fairly large The death Of the Car
had no effect. Reading securities were
in good demand for Philadelphia account.
and an advance OF TO TX per cent. en-
sued Northwestern ranged between w
and 1901 and left of at l00ls officials
here say the question OF the December
dividend has not been considered, and
viii not be until the full returns for the
five months from June l, 1874 ana the
prospects for the first half OF lN9j are
known. Another bear argument on the
stock was exploded to-day the Mutual
Life Insurance Companies having denied
that II sold any Of the stock. The fact
also developed that only one insurance
company in the State holds the stock.
This company announced early in the
week that it had not parted with any
Of its holdings. Manhattan was stronger,
rising tx to lOIi2. The shares command
premium for use. The sentiment APP
pears to be changing, and the recent sell
ers are not 80 confident Of their ability
10 shake out long stock, even II the
Rapid Transit bill should pass next Tues
day. Among other things, speculative
sellers appear 20 have overlooked the
fact that the Manhattan Company is
an eligible bidder for the contract to
construct road II the city decides TO
build. In the late tradngs, sterling
exchange stiffened somewhat and this
led 10 fumOtS tnat some gold would be-
forwarded to France on Saturday. on
this another attack was made on the list
Jersey Central running of Is to 03AS. and
the other leading issues u TO ~ per cent.
When the selling ceased prices advanced
briskly, and n number of issues sold
M the best Of the day. The closing
was firm and a rather confident feeling
prevailed. American Cotton oil, after
an early rise 10 27a, fell TO 25a, The
preferred declined 4, 10 T3h. The SELL
F..I,
year ended August 81. 1S0i which was
presented at the stockholders meeting
to-day, and showed surplus Of $50 Gil
AGAINST SjDT,15l In 1893. and 81 1890 In
1902 The net changes I'm the general
list show gains Of X 10 per cent, Amer
lean Sugar leading. American Cotton
oil lost y, preferred q, and Evansville
and Terre Hautc and American Coal .
per cont. each. The total sales were
only 1900 shares but the business was
better distributed than Of late. The
bond market was active and higher Tho
sales Of listed si0clys aggregated iOT 600
shares. unlisted. -. 900 shares
Treasury BalanceS-Coin, S7I.0tG 600:
currency. S5517fO0O.
Mercy on call easy at | per cent last
lean at / per cent. and closing offered
Of per cent; primo merCan'ile Daner.
3G4 per cent. Bar silver 63's Sterling
exchange firm. with actual business in
banksrS' hil'1 Al iSGi1T 49, for sixty Days
end iS7ta0iSIa, for demand: posted rates,
is7lA1 ISL. commercial bills. ISjiaG4SGlf.
Government bonds firm. Stgte bonds dUil.
Railroad bonds higher Silver at The
board was CT bid.