The times. [volume] (Richmond, Va.) 1890-1903, 1895-10-31
FINANCE AND COMMERCE
THE CLOSING 0UOTA TfONs or
MONEY.
Offerings and Sales nj tho Richmond To-
bscco Exchange-InternaI Revenue
Foreign Advices.

NEW YORK, Oct. so.-Liquidations
were the order OF the day at the STOCK
Exehanse during the greater part OF the
session. and the selling was not con-
fne9 10 local operators either. In the
etart on, bright and early, the sales OF
Eeadins, 81 Paul. Southern Railway,
ssIred. louisville and Nashville. and At
Gibson. from London. Some authorities
paaced the foreign selling at 1900 shares,
while others thought that London had
sold nearly twice as much. The foreign
iiquidauons were attributed 10 the east
eIn diihoulties. rise I'm the actual
Is.e on sterling exchange TO the hgures
cut when the last gold exports were made
70 Germany revived discussion 1nonl
shipments. and this accelerated the down
wara movement in stocks. Reading Was
Lhe hrst STOCK 10 break, the price ialllny
from l3h 70 IL. The selling was due 10
lnumations that the forthcoming plan
OF reorganization would provide FOR on
assessment OF at least $50 on the stock
General Electric was then taken in hand.
And IN Jiffy the stock dropped nearly
= points 70 Ha, break IN Electro
STOCKS In Philadelphia having had SYM
pathetic influence on these shares. North
efn racine preferred. which has beeh
very quiet OF late, loomed into prom
nence and dropped from ia to TX on
transactions OF boo shares. hoidefS
we're frightened by the size OF the pro-
goSed assessment on Reading. ana Tear
INF similar treatment made haste 10 SCI
other railway stocks conspicuous Tor
weakness were the infernationals, south
westerns. tho Changers. Delaware ana
HUDSON and Jersey Central. missouri
Pacific and Atchison were particularly
heavy, Missouri Pacific falling * 10
3l4 and Atcnison ~. 20 1874. consider
able long Missouri Pacific. which has
been held by spectators. was forced on
the market by the decline. In the IN
dustrials Sugar broke 20 l"i, bqt later
rose 10 lo27s Chicago Gas and Leather
presented a weak opening, but closed
strong. Lead fell from 3'< 10 3lH ana
recovered TO -. In the afternoon inGi-
cations Of support We're noticeable ~
certain parts Of the list. and this induced
some Of the bears 10 even tVp thclr con-
tracts, especially as the following on we
short side had become uncomforthOiy
large Reports OF rain I'm the Southwest
and scmi-Ofiicial statements that the
Trunk Lines and Central Traffic Assoc
new agreement to-day. also stimulated
the buying This caused a rally OF >
20 "a per cent. but just near the close
the eain was partially lost The general
show losses Of D.. 10 3 per cent. General
Electric leading Tobacco. Chicago Gas.
Pacific Mail and Sugar gained "a = per
cent. on the day. Bonds were we4A
Sales footed up 81 aG5Onr. The sales
Of listed stocks aggregated "t'.4HN sharcs
and Of unlisted stocks 526l6 shares. ,.,-
Treasury Balances: Coin, S,Jmi,1-3;
currency S91 .i2j.ISl
Money an call firm al 2d2il per cent
last loan at > per cent and closing o.
paper. jhGG per cent Bar SILVER o.;
Sterling exchange strong, with actual
business i'm bankers bills az 1879 0lNN fcr
sixty days and 1881 asa for demand;
posted rates, 4sSisP4NDi2. commercial
bills. 4S85d4S7i5. Government bones
steady. State bonds dull. Railroad
bonds lower. Silver at the board "as
puiet