The times. [volume] (Richmond, Va.) 1890-1903, 1897-09-14
FINANCE AND COMMERCE
THE CLOSING oUOTATIONS or
hONEI.
Offerings and Sales at tho Richmond To
baoco Excbapge-Internal Revenue
Collections Foreign Advances.

NEW YORK. Sept. 13.AIhc Evening
Posts London financial caMegram says.
Tho stock market for American stocks
opened arm above the parity. and rose
steadily until New York sent orders 20
SELL whom the course OF prices was re-
vcracd. and The closing was irregular.
So far as London IS concerned the mar
kot FOR Americans seems 20 be growing.
~ the settlement stock was none TOO
plentiful The cOntago averaged 30 per
cont The other markets were fairly good,
with Grand Trunk and other Canadian
stocks SIN rising The Bank Of England
to-day sold "a further f77OoO in gold for
export 90 Russia. the transmission being
arranged through Berlin. The Paris
hoursc was quietly steady. and the Bcr-
ln market firm.
Tho most interesting factor connected
with to-doy's stock market was that the
principal support accorded the market
was through buying orders cablod from
London. Tho buying boy commission
houses was good. but aside from that the
local operators sold heavy. not only here,
but Zoo London. The check ln the decline
here was credited Co London buying. and
the London favorIto stocks played the
stcadying factors. Altogether London
bought $1,000 shares The stocks most
largely bought hy London were ST. Paul,
Kansas and Texas preferred. Union Pa
CiHc ana Southern preferred. TT 10 had
not been for the upward tendency Of
prices at the opening boz sympathy with
the London quotations, 30 U.s. probable
that net declines would De much greater
than they are, thus the extreme decline
Son Burlington was % points, in Missouri
Pacific "a. So. Paul. Rock Island ana
Northern Pacific preferred, *. Manhattan.
24. Mobile and Ohio. 2il and in large
number Of shares over point The rise
at the opening and partial recovery at
The close makes the net losses less than
this but the average in the active stocks
is little less than point. The good eff
feet of the extra dividend in st. Paul
was tho cause OF increased buying. The
New York selling was attributed 20 yellow
foyer and 90 an apprehension that tho
Cuban question would again assume am
acute phase at tho Cabinet meeting Toe
morrow. 10 was somewhat notable. how
ever that Louisville. which has shown
much fcnsitivcufss 20 yellow fever re-
ports. closed with a small gain That
ZONE enormous speculative holdings were
ln course ~ liquidation to-day was obvi-
aus. and there is little ground 70 doubt
That the owners were impellcd TO take
profits by a conviction that prices have
fully obtained a. level consumate with
developments and tho earning power
Of tho properties The decline was en-
courapcd as much as possible boy the
bears and the effect Of fierce raids was
evident in a number of prominent stocks
The bulls made an effort 20 check the de-
cline by pushing Omaha, Kansas ana
Texas preferred and Northwest, but were
only partially successful Silver scored
further sharp recovery Of lNc. I'm New
York and ed. in London.
Tho total sales Of stocks to-day were
6e7 317 shares. including Atchison pre-
forred. 1906. Chesapeake and Ohio, a.
go: Chicago. Burlington and quincy 90
p0O. Louisville and Nashville 1920. Man
haitian Eclcvated 1925; Missouri Pacific.
10 900. Missouri. Kansas and st. Paul,