The times. [volume] (Richmond, Va.) 1890-1903, 1897-07-24
FINANCE AND COMMERCE
gHB CLOSING QUOTATIONS or
MONEY.
Onerings aud Sales at the Richmond To.
bacoo Exobange--intcrnal Revenue
Coilections-Torc;gn Advances.

NEW YORK. July 25-Discussion as 20
the probability OF increased earnings ben
,cdtcd Burlington 2k per cent and al
grangers 90 the extent on an average or
por cent rise. although wheat suhe1e"
an approximate average decline OF ~.
with decreased engagements lot 49,
for the day. 10 was argued. however, tli'''
when tho farmers We're enriched NS
good prices expected Tor their PROV
thcN would SO CNncnd "a portion on VI.
proceeds that transportation 'h"l",
would hc benefited hN "a ncaNN It'"l"
traffic. as wcu as a large grain tonnasc
10 meet tho demands OF Europe ana oout55m
America. While their motives are hdl"l.
oisiutcrcsted. somo bulls ikchtu ll 49,.
conditions with those prevailing seVt,ii',ii
years back. and would have 80 DcheNs1
that the boom of So-'Sl may ne "Un'-
GATED in e1-'aS. London bought Some 80,
Ou0 shares against 1000 SOFA Ft9.,. o",
These purchases may have neen guy a.
the fact that tomorrow is hou1"E in
London. and the traders thefe WIZ n.y.
only until Monday Go cover on carry owl
stocks into tho new account ihD pa y. ~
next week VIII disclose Lohoou NuD
speculative position. showing whciher re-
cent transactions there have been snort
sales OF Americans or lQuidGlons by IIo-
fessions as British advices that lhe pupH'
Tor the first time in "a year or Two ~ pc
coming interested in American securities
Traders here rather ignored the enease-
ments OF gold Tor export. as thcy "tIe
more than balanced hy receipts OF ihe
precious metal from the kl0udikc region
and impending imports OF gold from Au.-
fralia TO discharge Obligations lot Aihcif
can grain imported became known
The customary end Of the week prohi-
taking sales were offset by foreign ana
administrations buying. IorcshadoW-
ing decided shrinkagc in imports ON me
enactment of the tariff bill the weekly
imports decreased FOR tho week q lhlIo
% n million being the smallest amount IN
NMHN H.HnN
onort 90 have 10 appear that the sugar
schedule but inadcquately protected me
company. and that tho company was 10
experience increased competition.
The stock rose 3ia points. trade jour
nal predicting that insiders would dis
close riches and prospective prohts aIter
tho tariff became "a law. subsequently
Sugar lost n half point OF the previous
gain The fact that the company had
advanced the price Of soft refined sugar
may have had some hearing upon the
2& net rise in tho common and "a IN inc
preferred Southwestern railways on daily
increased earnings and investment Sc
Curities. were I'm brisk demand some
shares which figured cOnspicuousiY IN the
recent advance lacked support ana lost
81 fraction including Chicago. Great west
nrn and Chicago Gas. Tobacco was bone-
fitted 10 the extent Of ia for the common
and per cent for the scrip by the re-
fusal of New York states Executive 10
ram an extraordinary term OF the cllnlnti
branch Of the Supreme Court 10 retry
tho Tobacco case. General Electric sus-
tanned "a loss on an adverse legal decision
concerning the trolley arm patent. part
Of which 70 subsequently recovered ON
statements by officials Of the company
that the decision was of no consequence,
leaving tho net loss fractional ROCK
Island rose point and a half on the sto-
rics that replacing its 100000 extern
sion and collateral 5's on lower basis
was in contemplation. and on the assump-
fion that the dividend rate might be re-
stored 20 a Z per cent basis. as IL was
the first road 10 reduce its dividend IN the
resent depression.
The total sales Of stocks to-day were
3q7 1915 shares. including Atchison pre-
fcrrcd 5OIS. Chicago. burlington ana
Quincy. IS 7g7. Louisville and Nashville,
~ $50. Missouri Kansas and Texas pre-
ferrod 1870. Rock Island. 33.osJ; St Paul,
~ 5G5. Texas and Pacific. $50 Union
Pacific. 1919. American Tobacco, 23.J61;
Chicago Gas. $3.50. Lead. $50. Sugar
RT577. Chicago Great Western. S.OJ3
Trading in bonds continue I'm considera-
hle volume. and further substantial I'M
provemcnt occurred In many issues. fur-
ohasos for continental account embraced
the more prominent liens. The aggregate
sales were S2.2ioOOO
Government bonds ruled strong on light
transactions.
MONEY AND observation-disclosures on
call steady al per cent, last loan ! per
cent and closed offered at l per cent,
prime mercantile paper 3a4 per cent.