The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-14
FINANCE AND COMMERCE
THB, CLOSING QUOTATIONS OF
MONEI.
Ossslngs and sales at the h'ohmoh" 10
bacco FxchaDge-Internal revenue
Collections Foreign Advances.

NEW YORK. oct. 13-Thc Evening
Posts London financial cablegram says.
The stock markets were ldie io-udgt -
cent West Australian mines WH'h w.
GOOD The only feature was the sharp
Flump zoo Americans. almost chtlIci( -"
New York selling. both there ana mere.
Al present 10 Is supposed mere that 'nc
IAN b. due 10 forced sales by bucket shops
ln New York. and N the cables confirm
this view there is a disposition 70 rcpur-
chase az the present levels, but the mar.
ksi Is domoralzcd for the moment ana
cicsed weak. Opinions as 10 the rise OF
the Rank Of England discount rate IS
evenly divided New York is still bidding
Tor bar gold In the open market. Ihe
Paris and Berlin markets were dun.
To-dav's stock market almost reversed
tho course travcrscd I'm yesterday 8 mar
kef without any change IN the character
81 the general outlook or the news. Inc
bears made "a further very successful raid
during The day. and found numerous weak
spots The decline in some stocks uncoV-
cred further stop-ioss orders, ana spread
Generalization FAR and wide through the
list. But tho aggressive mood or the bears
disappeared during the afternoon, and
the latter part Of the day saw a steady
hardening Of prices. which carried the
level Of the market quite materially above
last nights close. The days range OF
prices was very wide. net declines AT one
time running from one 20 three points,
tho latter I'm Sugar. which was quite
active an day. The liquidation during the
decline was heavy. and the volume OF trad
inr on the rise showed marked dimnu-
ton. The operators for the reaction
seemed 20 be satisfied with the declines
llcv had achieved. ana their purchases 70
rover short contracts were instrumental
in affecting the recovery. but there were
also evidences Of some buying for long
account
Vcrv firm resistance was encountered
IN some Of the stocks which had shown
greatest weakness. This was markedly
true Of Chicago Gas. and inside buying
farr nd ftFffFr
during the day went az low as last nights
close. hut the final sales showed a net
gain or ~. showing yesterdays hcaVy
decline more than recovered sugar was
The object OF special attack by the bears
~ an opposition. gained a point. ana was
forced down az one time over -FOUR points,
but recovered TO about last nights level
The stocks In the southern and south
western railroads showed less resilency
than those Of the general list owing 10
tho decreased earnings disclosed by late
statements as a result Of INTERRUPTIONS
from yellow fever quarantine. There
were reports during the day that further
toward the end OF the week. but none are
known 10 have been made up 20 this time.
The actual rates for sterling exchange
showed decline Of &c. from last night
movement Otherwise there was nothing
I'm tho news OF tho day 10 change the
general situation. and the striking move
ment Of prices can only be assigned TO
purely technical results.
The bonds showed weakness in the early
trading. but recovered sharply IN sym
nathv with stocks. Total sales were
$4,000 Government bonds were firm
and unchanged.
Tho total sales Of stocks to-day were
575 SEQ shares. including AtchisOn pre-
ferred II g33: Chesapeake and Ohio, S.23j,
RurliigtOn. 361JO. Louisville and Nash
Vile 1920: Missouri Pacific. IA 629. New
York Central 1880. Chicago Northwest
orn $3.50 Northern Pacific preferred "a
800. Reading. 1OOSO. Rock Island 1920:
81 Paul 4G 200: St. Paul and Omaha,
$40. Southern railway preferred. 6.SSj;
Union Pacific 1886; Wabash preferred,
BIO. American Tobacco. 961O. Bay state
Gas 1906: Chicago Gas. 101,525; Pacific
Mall $3.50: Sugar. 1890. Tennessee Coal
and Iron. $40, West Union, 6,j66;
Chicago Great Western. 1908
MONEY AND EXCHANGF.-Money on
rail- steady az 2ik03 per cent; last loan
az 3 per ceNt.l closed offered at 2l2a3
Per cent; prime mercantile paper. 4AnJ
pcr cent Sterling exchange easier. with
nctual business I'm bankers bills at 1870
4S4a- for demand and at 4S204S2A for
sixty DAYS; posted rates 4S2ig04S3l4 ana
4s504s5ia. commercial bills. 4Sl. Silver
certificates. 57ilN5S: bar silver. 81: MeXi-
con FoTTarr dga. Government bonds firm