The times. [volume] (Richmond, Va.) 1890-1903, 1897-09-25
FINANCE AND COMMERCE
qHB CLOSING QUOTATIONS or
MONEI.
Offerings and Sales at tho Richmond To
bssco E1chanre-Internsl Revenue
Collcctious- Foreign Advances.

NEW york. Sept 2i-The Evening
Posf's London financial cable says.
mo stock markets were irregular alu
~ York Induced sales here, and the
market for Americans closed praclicall5
without recovery. The fear al the mo
4nent b. that the New York account rs Pc
coming top heavy, and inasmucn az the
fee4ng here is SIN timid. professloh1i
operators arc dreading lest Rev Oh
1nay leave them ln the lurch. 1he money
market is surprisingly easy considering
the hardening factors, eucn as lne laouo
II treasury bills next week ana the pas-
ment into the Bank Of England next WEEK
OF The second installment or money "a
tho japanese loan. There are also state
mcuts to-day OF a large issue oI CsInA-
dian loan soon, os also tlOvlVy ~ Vs.
Australian territory. the farlS hOuIee
was firm. The Berlin market was steaoy.
Dutch exchange has fallen Sharply
The reactionary spirit resumed full sway
today ira the stock market after a brief
period of rest during the morning, que
90 sympathy with Sugar, which aQvanceq
at one time two points over the Iast
nights close sugars strength was oee
% the belief that the Treasury Depart
ment would decide that Holland was ln
inject paying am export bounty on teb1l
and that c0untcrvaiing duty would, there
lore, apply 90 Dutch refined sugars. Inc
rise iu Sugar and some strength mani
Tested by Manhattan served 10 ialhe lue
general level OF prices 70 Irac tloiad - ~,
them. ava the IAN f0r the remainder Of
the dav was continuous, more rapid some
times than at others. Ihere Wa D e,I
lu the news of the day TO account Tor lhe
decline. an tho reports Of railroad earn
inE5 continuing TO show large increase,
and adviccs of tho growth OF business
activity being uniformly encouraging
from am points The outside public, how
ever, had apparently ceased 70 buy. and
the large bull operators were no longer
willing 10 accept the heavy offerings Of
HU nUF IfaNNI
the order Of the day The market was
Dun compared with the recent tone, but
tho decline was unchecked. The bear IN
tcrcst was Wen Defined. ana was con
slant in activity during tho day. The
situation OF the money market continued
fho frr1reee IN cam money ON tho basis
~ per cent, ana considerable activity
in the time money market. The exchange
market also hardened, actual rates az,
Nancing about p lu response 10 the Hoiu
shipments now on tho way 10 this COun-
Try. Ecmitt0nces 10 the interior have
continued ON large scale and to-mor-
rows bank statement IS expected 10 show
20 large additional decrease in the surplus
reserves. The banks and the sub-Treas-
my have been able 10 meet an demands
thus far for currency. but the demand
upon them ls large. and promises 10 in-
crease. The Treasury at Washington
found Itself unable 20 accede 10 the re-
quest of n local banking firm which had
received a consignment OF gold at San
Francisco 90 its credit. TO ne allowed 20
withdraw legal tenders from the sub
Treasury iu New York uuOa the deposit
az the gold in San Francisco The stocks
IN soft coal roads. which have failed 10
Share I'm the late Improvement. owing TO
Che miners strike, showed some activity
to-day and were comparatively steady.
The net losses run all the way from
q fraction 10 seven points. the latter Con-
eOlldated Gas. but I'm the large majority
Of active shares it is between one and
Tho total sales OF stocks to-day were
t21 2UO shares including Atchlson pre-
ferred. 1890, Chesapeake and ohio, GOO
Chicago. burlington and Quincy 322l4.
Hooking Valley. 0IO. Louisville and
Nashville. 1920. Manhattan, IL 600: Mis-
souri, Pacific. 1850; Northern Pacific,
SEQ. Rock island - $50: st Paul, 46720:
ST. Paul and Omaha, 300. Union Pacific,
IN 02O. IT, j.. ID. and Co.. SOD, Bay state
Gas, 23l3O; Chicago Ga. y loOa Consoli-
dated Gas o. 200, Sugar, tO4lU. tennessee
Coal and Iron. $500 Western Union, H.
QG3. Chicaro Great western 13lG25
Bonds were weak in sympathy with
stocks ON "a greatly diminished volume Of
transactions. Total sales. 81 .lOL 900;
higher bid. ana the IS q higher.
MONEY AND ENCIANGE.-Mo Money on
call firm at 2iln3 per cent; last loan al
2i1 per cent ana closed offered az 2u2l3
per cent? prime mercantile paper 4HnJ
per cent Sterling exchange firm. with
actual business in bankers bills az 49,
f1r demand and no 2iaulS2a for sixty
days. posted rates. 4s3Uisl and 4s5i4n
1867, commercial bllls, ISL silver Ger
tihcates. 90, bar silver. %; Mexican dol
lars. 49, Government bonds strong,
State bonds duh. railroad bonds weak.
BANK CLEARINGs.-The total bank
clearinps in The United States for the
week were Sl.3dS SOL ca. per cent in-
crease. COG. Exclusive OF Eew York. S4SG-
500 677. per cent increase, COG.