The times. [volume] (Richmond, Va.) 1890-1903, 1897-11-06
FINANCE AND COMMERCE
TRE CLOSING QUOTATIONS or
xONET
Offerings aud sales a. tho Kiehmond To
baoco EzchanEe--fnternAl Revenue
Collections Foreign Advances.

NEW york. nov. 5.-The Evening
Po.rs London financial cablessem says.
The stock markets we're ioie D nt S'e ,.',1y
tot.y ctrrrf Americans. which were
~, e--"t N,lrrorllzod al the opening
iesier. look De fall quite calmly. inaeen,
many bought believing tnat tne ieifn,r7s
nd gone 4nf enoueh. New nork Ssi..Is
$3.50 ,enfing ln with reports OF Demo
crsfe ta.ns. Hanna vacation on . $500
sraf. 81 "a nrm note from sptih % 80 a
frrf.n .r- consequently there vas
1890 slump and the close was near
fFe lowest lhe other markets Wei. "a
fareie.s The Paris Boursc was nfm anu
ahe Berlin market better.
The stock market underwent course o4
very drastic liquidation To-Day % -
sud OF which prices ranged rom ~ t,se
~e.lt ,rbaf ms course OK things was
helped along hy PROBES iouai Deal - - 3
sure Was mace evident ~ ''to a.,'.ior-e1
g.rf covering movement when atNeioleS
81 Tie nrnf half hour of dealings, ana
which rallied the prices OK q sieat many
ffoCks over point from me toWes' point
,rlfrh would otherwise hc shown by the
DAVIS TRADING Eut this recovery az the
close was on greatly oimlnisne4 NoiuIne
- flfrr,or.irv withholding Of lQuidutng
offerings as was done once or lMicr pit-
Niols.y during Che Gay only 70 pe sue
c'Irr There b. no doubt that the motive
fnr % farre part of the selling was the
leulf that relations between the Jnitee
States and Spain were drifting toWStus
nr nran ruufurc This has been bear
.rrifrnfnf for some time. and has betn
quito effective in depressing prices "heh-
ever anything that could De construed ~
rorrohorafIvc evidence was offered. APP
urchersiOus on this score received q. ~
tent stimulus from the action OF tne NtM
York Chamber Of Commerce yesttfday u"
appealing for ran increase IN 'ne al 'li-
llrv force of the United states army az
necessary for the adequate pfottcLok w
Ncw York and The proper operator ot Ut
harhor defcnccs. The published eAprt'-
slnne from the late United States Minister
90 spain. disclosing the character or lne
diplomatic relations petWeen tno w ~
countries and his outspnktn advocacy 20. ul
Intervention hy tho United states 10 gu.
ban affairs intensified the sentiment or
apprehension amongst security nolueIr.
The nearer approach ~ the conFtnins or
congress and the belief that this event
was f0 crystalizc the Government pOicy
toward Spain made the prospect more
vivid 20 the traders some continued ap-
urchcneion regarding the health OF the
president OF The sugar company mace
that stock with its powerful influence on
tho whole market. particularly weak
This combination Of factors was conclu-
sive in inducing many large holders or
that no immediate recovery IN prices or
any large dimensions is likely 70 occur;
There was Hood OK selling ORDERS ana
very little disposition ln any quarter 70
buzz AS a result enormous blocks or
stocks were allowed 20 SO for almost any
price they would bring. Tn the hrst rush
~ Uauidafion prices were offered down
,arv widely before eiicitinC any buying.
The extreme decline lu consolidated Gas
reached . points; in SUGAR -; ,n Lake
Erie and Western preferred. 0ll, do. COM
mon. 4 and in Manhattan. fN There
was scarcely am active stock on the Hst
that did not rccede at least two points
~reh TO rrfi bonds as well as losses OF be-
tween one and two points were Iregu.nt
al through the lst The TACT tnat ne
N0uIdafi0n was not preciptdted linmtni-
afoiy nt the opening was due 20 the facl
Thar London prices If American SECURITIES
advanced slightly. The enormous inter-
esfs at that money centre are usually so
well informed on international Affairs that
the absence OF apprehension there bad the
effect Of steadylng prices here MON. hts-
riy. The fact was not lost sifhl ,oL,
either. that there was buying Tor LONDON
account ln this market 90 almost hn
stages OF the decline Aitrr the openlh5
rour prices feli Goo London 10 the New
York parity. This was not on account or
fre hardening at the close. Aside from
the general W knes5 ln nonus tne ~
lure OF that market was me strength ol
Kansas Pacific c0nsOIs. which recovered
1il per cont from yesterdays price. Ihe
Total sales were 100000.
Guiding Atcmson preferred. lbNN, Bur
inEt0n. 6l.Cn. Louisville ana NashVllle,
iS72l. Missouri Pacific, 1000. NeW JET
eev Central COCO. New York Central lu-
fft. Northern Pacific preferred -i4zu.
Reading 12TtI. Rock Island lHosn, ST.
PAM 1890. Southern railway preferred.
MO. Union Pacific trust receipts. -. 20.
Wabash preferred. 74Sn. American To-
harc0 ~ O4I. Chicago Gas. 1910, Lead.
s1Ul. Pacific Mail 900, SUGAR. $500.
tennessee Coal and Iron. y 3l1i Western
Union. III G36; Chicago Great Western,
1920
MONEY AND EXCHANGING on
-lu easy az nap per cent, last loan az
per cent. and closed offered at lLn-
rar cent prime mercantile paper. 3aN4h
Der cent Sterling exchange firm, with
actual business in bankers bills at 4SJ+U
ASH. for demand and at fSll f~-I for