The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-05
FINANCE AND COMMERCE
raR cLosGxG QUOTATIONS OF
mONST.
Offerings and sales At the Richmond o
b..co r,ehanre-Intsrnsl Revenue
Collections Foreign Advances.

nst,,,y york. oct. 2.-The Evening
posts Iondcn financial cabicgram says
The stock markets here were irregular
fo-dAN.. and the close was under the pest
Activity created IA Americans and west
huefraiian mines. The former opened
strong. and soon. went over the parity
The support continued from the Contl-
mont hut the public Is also buying STOCKS
OF the reorganized lines. Canaa,ah IA
ciecs were exceptionally strong. The boom
In West Australian mines Is quite pro-
fessonal at present, but there Is COCO
deal Of money behind ~ Frhe demand Tor
gold has increased. Russia Is buying
again. The tendency Of The money market
here Is slightly drmer. because OF appre-
tensions that New York will take more
gold. The Paris Bourse and Berlin mar
ket were steady.
There was little more in to-day's mar
ket than n running contest between the
bulls and bears. IN which the bulls We're
successful during the early part OF the
day. but in which the bears turned the
tide later and put their opponents 20
route wiplng out all the gains Of the
earlier trading. There was everything In
tho bulls favor in the early market, the
lively buying on Saturday having appa-
rontlv treasured capital. so that prices OF
American securities on the London OK
change were advanced before the opening
here. Prices Of the international stocks
opened about on a parity with the London
hands ~ commission houses. and which
were put into execution Immediately,
showed that the home public as well as
the foreigners believed that the market
mad turned again. and that reaction had
come 20 an end.
The sensational jump in Manhattan at
tho opening Of over seven points also
stimulated the rise though the small
volume OF purchases on which the stock
was carried up and the heavy offerings
Immediately invited by the advance quick
~ showed that the jump was purely ma
nipulated. The pinched shorts having COW
cred the price quickly receded. and trans
actions inrthe stocks proceeded on now
auau basis. and still at substantial adj
vance In. the prevalent. belief that a move
nlert was developing for the absorption
of The property by surface railroad inter
cets Consolidated Gas was also on hand
with It's regular sensation. and closed y
heavier.
The railways showed n continuance OF
heavy Increase OF earnings. and famed
the fame OF the bull enthusiasm. The
advance OF the market under these infiu-
cnces and under aggressive leadership ex-
tended from one 70 two points The
higher prices invited heavy realizing sales.
and the bears added the pressure OF short
selling under which the advances melted
away in most cases the net being how
ever. for the most part fractional Union
Pacific was a notable exception its loss
extending 10 tx. quite number of the
less active stocks escaped the later liqui-
dalton. and retained net gains TO n point
or over. but the level OF the market. as a
whole, closed decidedly lower. Sugar was
an active feature an day and its later
weakness was a material factor in break
ing the market.
The bond market showed a decided ac-
cession OF activity. and prices held steady
for the most part against the late weak
he-n in the stock market Total sales
were 81 10000.
Government bonds were strong. and
we're 6d up X 10 4 for all issues. There
lis WV . '''''"' a.
The total sales Of stocks to-day were
4JO1Oc shares, including Atchison pre-
ferred, 6.T2S; Chicago. Burlington Quincy.
2S220; Louisville and Nashville. 1880:
Manhattan Elevated. II $50: Missouri Pa
cifc. 1910; Missouri Kansas and Texas
Northern Pacific preferred. $3.50: Read
ing, zoos; Rock Island. 1710l. St Paul
and Omaha, 6,61j: Southern railway. i. 800.
do. preferred $3.50: Union Pacific, % go.
American Tobacco. 900: Chicago Gas
$50; Pacific Mall. $500: Sugar 80 2GO.
Tennessee Coal and Iron, $3.50; Western
Union. 7,O2l; Chicago Great Western, a.
MONEY AND DECENTRALIZATION on
can hrm al 2l9a3h per cent; last loan
az 3 per cent and closed offered at 24m3
per cent. prime mercantile paper, 4I6n5
per cent. Sterling exchange weak. with
actual business I'm bankers bills at 4sp5
for demand and at 4S2A for sixty DAYS:
posted rates, 4S3d4S4 and 4SJI5m4S5. com
mercial bills, 4s1Q4S1i5 Silver certif-
Gates, 55q56H bar silver, 55X Mexican
dollars. AZ Government bonds stropp.
NaH -. a.. I..NNa