The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-27
FINANCEAND COMMERCE
gHE CLOSING QUOTATIONS or
MONEI
Offerings and Sales 1T tho Richmond To
baeco Frchange-InternalR Revenue
CoiIeetsons- Foreign Advances.

NEW YORK. oct 2G.-The Evening
J,cs,.e I ordon financial cabicgsem says.
The stock markets opened duh gtl
closed firm Americans were quite oO.-
lar above the lowest, with a sooa tons'
So. usas dear at the settlement ne
...,s, ~ general rise In interest on pear
,r,rnf In spite OF the DEAFNESS ot
money and a possible rise In the RANK ~
England drcount rate THIS week sn.e.., -
look Tor the markets fl not altoselns'
i,nfsvorabic The Paris and Berlin mar
kcts were duh
Trading i'm stocks during the carly pari
az fhc dav was restricted in volume "l1
fhn Nu~iuatiou I'M prices war marrow "..-
Irregular The latter part on tht Gay -
unite an increase IN ACTIVITY anu - ~,
~ prices 60 the highest or the Gay srS
il-cs before the close being small
Union Pacific continued 20 DC tne 49,, 49,
~ interest I'm the market. and ruled ABOVE
Yesterdays close az day ah4 st' go, ~. -
near the best and "a above last niknt
close The opening gain was que ihitel.
20 evmpafhy with LONDON. Whicm Stite
"a higher quotation Tor the stock NE be,
ffrf rainfd ground as the daN advanced
ne. the Government and the Reorganiza-
ton Committee would come 10 an aEle'-
mont on the basis Of the committee tA-
messed intention 20 bid the iull amount
~ the Government claim on lle MAJ AZ
Inc The fact that this BID leaNes ~, 'l,
Governments claim Of over Sls.HNVJu oli
the Kansas Pacific unprovlded LOT, ",u
the rumors that increased plus ihleut r'g
made bv other interests Whlch Wouln
-,ro,-lde for this Indebtedness caused
some feverishncss in the speculation az
this time as the acceptance OF SUCH d ~
hv the Government Wouin ehudh-tl W.
whole ulan Of REORGANIZATION, IN spite "l
fhr assertion OF the committee that they
were prepared 20 carry " OUT. even u
the Government should bid IN .ne -
cifc But late in the day reports tIv-l
Washington assumed quite oennlle ioIH
that the cabinet had resolved 20 accept
the committees intended bid as a mlhi-
mum guarantee and withdraw thelf re-
quest for a. postponeme,nt OF 1he lo ~ ~
sure sale Of the main line. 4 IAN on -
points in the price OF Kansas racine
ronsoi G's. trust receipts, was the l"it+
cast ~ the news received lalcr from
washington that the committees agree
mcnt with the Government Included an
assent 10 n pOstpouement or the nan
sIs Pacific sale. presumably with n view
90 giving tho Government an opportunity
fo secure O. hid on this property that
would provide for part or the "hoie
~ It's claim As the chances Of sepa-
rate bid on the Kansas Pacific are con-
efdercd remote. the price Of the consoi
&c rallied per cent. and closed az ~
Trading I'm Union Pacific absorbed over
a ouarter Of the total sales Of all stocks.
Outside OF the grauEcrs. sugar, Chlcaso
Gas. and Bay state Gas business was o1
very small proportions. The tone OF me
market was strong however. and material
roroveries from yesterdays decline were
made averaging about point IN lhe
,rrnccre and other leading stocks. Say
state Gas was weak. a decline "a rates
fDr call money and some very favorable
statements Of railroad earnings for the
ffird week in October assisted the re-
00vcrv There were purchases for Lon
don account OF some Of the favorite IN
frrnafions1 stocks incident 20 the settle
mont dav on the London Exchange This
served % keep up the price Of Louisville,
Ir spite ~ the continued decrease in us
earrires on account Of yellow fever quar-
autine Pittfburf. O.. q. and ST. Louis
was active and strong. and rose a one
fino - ner cent. but reacted shghtlN.
Michigan Central was conspicuous lot an
advance Of 81, The better tone for Amer
loan in London was taken as rejecting
decline ~ apprehension over the Spanish
relations with tho United States.
Dealings In railway bonds were NOT
large but the tone was firm. with the
exception ~ the Kansas Pacific nonds.
.h0vo noted Total sales. Sl.lrTl
United States new As were advanced y
Tho total sales Of stocks to-day were
eff .To0 shares. Including Chicago. Burlng-
ton and Quincy. % as4. New York Central
c1-f. Northern Pacific preferred. &'3;
Rock Island SSo5. 81. Paul is 400. Union
Pacific G0pl0. Pay State Gas. l4.l6o. Chi
caco Gas 16OfJ. Sugar. 1j.I0o
MONEY! Avn TNCTT NCT Money on