The times. [volume] (Richmond, Va.) 1890-1903, 1897-08-12
FINANCE AND COMMERCE
TIM CLOSING QUOTATIONS OF
MONEY.
Offerings and Sales AZ tho Richmond Toe
bacco E1change-Internal Revenue
Collections Foreign Advances.

NEW YORK. August 1.-THE only IN
terruption TO the upward course OF prices
OF stocks to-day was due 60 occasional
proft-taking by room traders. The outs-
iuCs ON this account were easily ahSol ~,
with only n mOmcntary halt. after Which
trade was resumed. During the mornlhs
the influence Of buying on long account
was evident arbitragc brokers taxing ~
the International shares quite .',
London prices also came higher al Wy
Cnening hut before the day was over
london had turned seller again. ana ~ -
estimated sold % oeO more shaf'N titta'-
were bought The effect OF this s'iarrt,o
had no apprcciahlc erect on prices -
low-priccd shares Of dividend PAYNE
stocks were largely bought hN l,ulvIt,
and were favoritcs also on iotu ''"..a
ton Union Pacific was the taNoil', "i,t,
the leader of the whole market IN YOU.
~ activity ii 600 shares being bouthi
during tho dav The stock was htlptu
hy revival ~ am old story Ll"1 w io.
forthcoming foreclosure sai' Wvu,a iI', -
the road part OF "a great tI"t'7' srt,
stock was heavily bought hN piol.7sl"i
traders for speculative account ~.
closed with "a eain or "'t l". ,,9r-
dav. The excitement I'm the Whcat ni"i
kct was reflected in the STOCK MAJ u,
and was ID large element IN ehcouIHE!,
purchases. especially OF the tidlt'' '' ~
grain-carrying ROADS pm ttn1,,,,tiei Gains
and great activity The dealings ln tmc
mch-priced crangcrs were on tI'" .,,i,i.s
PROPORTIONS and the Atchison sccuIl r.,
and Northern PACING pclcIIcu WIZ "''N
prominent features. ,. ..,,, Of
Reports from western points VIZ w
Increasing demand for car space 20 NOV
the grain crop. ana on tne. NC oS Toiiyoad
managers 20 avert car famine Slal,
rneuts OF earnings also continue ehcoeI -
aging ST. Paul showed an lnStDaSS' 10.
the first week In August on 49," 49,, 2 ~. ~.
nI
poctfc gained S64 600. Missouri IacinC'
$1,000 and Kansas and Texas $50.
Northern Pacific gained SlS5."t' ~ w
last week In July, LoulsVii, , a,ld Chin
narrow limits until near the close, "H'i'
n Jumped 10 o leading place IN lhe a.
vance with a net gain oI ~ one "i ~ W..
features OF the day was the sleduylHS
~ tho sterling exchange market, ana
conseououf cessation of talk OF gold m
ports on the immediate iuture. NJ ~ ~,
fening Of the discount rate ll l-o' 49,
added 20 the continued stcdulueNS H'i Z
m an securities Continent cNchaiike
continued weak and downward. GAINS
extended over "a point I'm large numoe 7
OF railroad stocks. ana 10 zen p9li''S III
q C.. g. and ST. Louis preferred. -.
Tho total sales Of stock to-day WCoIIe
6z4 100 shares. including Atchison; GWo'
preferred 1850, Chesapeake Shd I i,il,'
Z cgs. Chicago. Burlington and QUINCY
3l 1G5. Erie new. 1910 Illinois OtillI - ~
1908. Louisville and NashNllle' 'o.1'
Nsfropoiitan Traction. 6pO6, DO. pre-
ferred $40. Northern Pacific. l68'e, 90
preferrod 40 go. ontario and western
( $40. Reading 90 $50. Rock Island; u
6i0. q Paul. 46675 Southern railway
q or do. preferred 1860, Union racine
s3 400 American Tobacco. 1920; sugar,
IS s65. tennessee Coal and IRON SSZ
Western Union. 23.lSO. chicago Niea'
Western. S3.Vu ..-.... ,--
Tho enquiry for railroad mortgages con-
tirtIes heavy. and reflects the connQehce
In Inc general situation. Issues or re
orQ9nizsd properties forged 10 the front.
ana purchases Of the middle-Erade mems
were on a large scale. The general mar
kof maintained a very strong lone
throughout The aggregate sales were
Eovernment bonds were slightly irresu-
lar on dealings OF so 900.
MONEY AND ENCHANGE.-Mone on
call frmer at 102 per cent; prime mer-
camille paper. 3MNf4 per cent Sterhns
Exchange steady with actual business IN
bankers bills al 4S5AN 1914 for deinaI o.
and al 4e404S4is for sixty days. posted
yates 4Spgq4S6is and 4S6l9q4Sl; com
mercial bills 4S3 Silver Certihcatcs, 1DH
I7. bar silver 55ia. Mexican dollars; ~
Govcrnment bonds irregular, state bonds
dull. railroad bonds strong.