The times. [volume] (Richmond, Va.) 1890-1903, 1897-11-04
PINANCEAND COMMERCE
Tss CLOSING Quotations OF
MONET.
Offerings and sales at the Richmond TO
bacco Exchangc-internsl Revenue
collections- Foreign Advances


NEW YORK. Nov. Sine ENtAht
Posts London financial eableesem says
The stock markets to-day were utterly
sfarnaut and fCaiUrclCss. There was .
,he Nes York parity. but the attempt was
80 feeble 10 have any effect The future
IN The market awaits the New YORK leau.
Money Is a trifc more pienthui pteau,se
tie banks are discounting more Hsets-
All loans due 10 the Bank OF England 10.
sav we're repair. ] learn. however, Iit'
the bank j. again borrowing on cohsois'
thus indicating continuance OF lhe
cent policy. The Paris Bourse was qult'
and the Berlin market dun. slight uou-
BE In banking circles in Berlin Is rumoreo.
hut 1 believe that II Is nothing serious
Veavy prices and a dun market were the
conditions on the Stock Exchange during
the greater part Of the day. 5ut IN ne
later dealings a more active liquidation
set IN and the trading became more AMI
mated than az any time previously, prices
falling 10 the lowest Of the day, and re-
Haiping there practically III the close.
The low point represented net declines
running all the way from point 70 0is.
the latter IN Sugar. A great many promi-
uent stocks have lost over points on the
day. several Of the grangers and the coal
ers being conspicuous in the list. The
price for American securities quoted in
London at the opening here showed sharp
declines. and the later reports shows that
The results Of the elections yesterday hac
aroused considerable unfavorabie sentl-
Tnent amongst security holders abroad.
This market took its cue from London,
and the opening showed declines rather
IN excess OF those reported from abroad
There was some buying In this market az
the lower level for London account. but
this probably represented arbitrate opera
lions 20 cover sales made IN London car
ner In the day 10 had the effect. how
ever, OF steaGying prices. sensational
Il fs.al nd
gains Of % in Manhattan and Of the same
amount in METROPOLITAN street railway
also served 20 check any declining ten
dency. These gains were accompanied
by rumors that the properties affected
were assured OF immunity from hurtful
measures and a result Of yesterdays local
election 10 New York. That the gains were
nauipulative was shown by the fact that
they were wiped out during the day In
the case OF the two last-named. and Con-
solidaf "a Gas reacted Ga points.
sugar vas a centre OF weakness all day.
and X Ms developed that this was due 10
a prevaient rninor Of the Illness OF an
officer OF the company. which was used
with good advantage by the bears. The
stock fell successively 2 points. closing
at the lowest The c0alers were all very
notably weak in the latter part Of the day.
and their net losses ranged all the way
from 2 70 nearly points. the latter IN
New Jersey Central Northwest. Omaha,
ST Paul. and Burlington also lost over
points on the DAY. me special weakness
in the cOalers was caused by statements
of the continued unfavorable condition Of
the coal trade. The trading was largely
confined 10 the professional element. who
urged that yesterdays elections indicate
q growth OF sentiment in favor Of restric-
tions on capital and corporations. The
later decline In the market disiodged
some stop orders. but the fact that the
total sales were only about 10000 shares
shows that the liquidation was not heavy.
Business in railway bonds was not on a
large scale. but prices were weak in SYM
patty with some OF the stocks. Kansas
Pacific consols fell 3ls. Total sales, 1900
90
The total sales OF stocks to-day were
32sSiQ shares including AtchisOn pre-
ferree. $50. Burlington, 4.7S0; Louisville
and Nashville $500. New Jersey Central,
Z 50. Missouri Pacific 10l6s5: Reading.
$3.50: Rock Island. 1i.2T6. Northern Pa
cinc preferred. 12oj3; St Paul. 32.l5o;
Union Pacific. 1880. Bay State Gas. H.
$50: Chicago Gas. IL .2J6; Consolidated Gas,
g. sO7. Sugar. 6i,j2O.
MONEY AND EXCHANGE.-Money on
cail easy al 1isG2 per cent; last loan at
per cent. and closed offered al per