The times. [volume] (Richmond, Va.) 1890-1903, 1897-08-22
FINANCE AND COMMERCE
TINE CLOSING OUOfATIONS or
MONTY.
Offerings and Sales at tho Richmond Tos
bacco ESchange-Internal Revenue
Collection Foreign Advances.


,,. t,,icr,,, 80 tc.Inv.e stock market
-, .tur Ilrttr,tf,. ro.rtfonorv uOtvith-
ste,f,r,, fEc f,ct that th, day's trading
rse',ls-f a., , fr,rfforsuy bfoEor averaqc
,l,, ~. $3.50 q. flt.,, orf
81 49,. ~ W.. E, l'' 49, r,il,.
-" r 49, 49,. ,,,,q
W., 'll,,,,'ror,ti,oi, if,it i,,,,,cb~.,l ty the
-, t.t--.t ,..l 40, Sunday
49, ~" 49, n, d., +fo
1.,LN W." i"it' i"iiii.- vit 't.f't
$500 ''.''.'-' .", ''' - ou
hig..-'-L i.if' w az ,''D e. tl,,
49,. t,.,,,; a.. , a i.. e..,d,,, There
n'l"t H'''i '.t q" N'l'i 'F'l 't'''' 49, ~
Wos lD cFlueNC1 ol NY ~" ' ,,t it, noe
Wv ~, h. ~. i'''i '.1 .',.-i,,
-, ~ w H.,,l N', ~. t.i,,,fL. C,,, 81
~. we l'1. VIC M ff ~ , tofal
l4.ol,ii no Viio n'.'N .o ,,., ts,oe 50
1ihvunl ae ki''l aa -.''' a"' T. 90
tah it"IlHk l.t lnt wy, '.l.' ~. ,...rl.
nHoi ~. ,.' t"'A f'"-' ~ tttr 81
S oi'.,,l,i. .u , - ,..o" nan
NaF " WIZ 't' 1900. .t. .,rtroinal
lIo crop prospects was 'l' jim lf
weapon or me pears. auN Ni,y W. -
70 achleNc shdfp o'eHIl'a pm " ,-.''. 80
OF the "cll.e A,''Na' ti'g ,,r,,,tncot
the INTERNAL iohai At'. ha ntiliE i,t .,t
example. ~ ont hIut y. tttt ,aD' diI 10
New Jersey 'thli nd "no i'HD',', u'i
iai! ittch l'IHN "l" i.I AM
Ially on coFeiiI. ITO. ,l'"I to, ir
tho declines. only pm W." v' Ut" i,iob aq
stances ana inc not gam iedo" "' "'N" GO
point -,.. ...,.,.t,
49,. A. ,,, rf-,.,,l,.. 1,,s continued prac-
.t.ii ,,.f.i,,.,,t .f,t,,,,rt nU Tho week
ucaiiy Wilhout HIli ,ii,,", ,'i wy, ..,.9,,,,a
MONDAY inoIhht iooh'o uh' a. III 49,,
ton on the rise in lIl,,7 "ul.n ii'1 5, ,'
the chafactcilsuc OF l.t i"al "'' VIZ. 80
,-r,iJ oof o.rrer- which had accumulated
In tho hands or inc comm SION I"",,
,,csra of tic ,nerlof borqn 10 fail. and
eocb euccec1in,- dov. with one exception.
eovy nu aycrora mot decline in the level
81 tho market The nominal motive of
no deoiire was the ALLEGED damage 90
-, ord 0iearroinfinr Weld developed
49, 10 ti,rcetf,,s of fho eprinr wheat crop
An mo Northwest There are other con-
ditious in the market which contributed
a. a.. deciirc eomo Of Inc largest iu-
t,r,ets a., no market have realized cnor-
,,one motifs in tho long sustained ad-
vance. and sold ont on the BELIEF that
"a reaction was normally due in prices,
even with an conditions remaining la1H-
orable 10 values. This element was VIII
ing 10 sec "a reaction in order 90 enable
them % rcpurchase stocks no pronl
Tho professional bears were ready 10 ana
them with short selling o. The market
tlogai circles Dat BODIED NO good Tor the
future IL was felt that stocks were get
ting into weak hands and that such p
10 values. and that the bun interest hao
retired for The time being ins .sliao1'rD
Of mind in Wall street must ue ,"H H
account of IN properly estimating the I'M
portance Of tho weeks reaction as
barometer OF business conqluohs III b,n-
cral. At tho same time there is Know.
20 be an enormous SpcculauEe ln',i ~
I'm which on tho bull side OF the maIkel.
Tor many weeks past the stock mdIhtl
has moved in sympathy with the gram
markets Reduced crop Yields are n Dun
forf0r I'm tho grain market and bear
factor in the stock market Ihe lacl liat
H" HHH
Tho hear interest should be considered IN
connection with tho ready credence gwen
TO the reports Of reduced crop yield. An
other fact that has aided the reactonists
I'm fho stock market was the haIoeI,,lns
i~ r.fre of exchange which seemed last
week to Boz fast falling 90 the gold import
uoinf last Saturday predictions were
freouauilv made that there would De en-
rngsmonts Of gold for import Wlihn
eceme 40 he due to maupulotive efforts |
ON the mart of the Bank Of Lngland ana |
of Ifr.u,h and German financial institu- !
tione Tho continued low rates for money !
fo Now York tend TO make easier the !
cfforfs Of forcicuers TO defer the flow or |
coII to- New York AS stocks had hccn |
I0urff ON tho belief that eoid imports |
vore imminent. 80 was natural that |
sno"'J no am AID 90 the rcacuouary ten !