The times. [volume] (Richmond, Va.) 1890-1903, 1897-11-10
RINANCEAND COMMERCE
run CLOSING oUoTArioSs or
MONEr
offerings and sales at the Hichmona 10
baceo Exehanre-Iniernal Revenue
Coiiscsions-foreign Advances

N,t.xv work.. Nov. 9.-Thc Evening
po~t's London financial catieE. an say vs.
TIC ,n,,c 81 the stock markets was gem
,t,, ,''d to-day. consois leading busi-
.,~,'s ',1ncrcaslne slightly. Mines were
49, 'ot.tiv the Australians. Inc
Americans opened dull, but soon re a,.
70, d.tIy turned bullish. There was
slight setback when New YORK pIlOess
we're received but the close was Strong ss ~
the best The tone was better lnai -
s@s,s time past. Contagos on Americans
800 about fi5Na per cent. To-inorIVW
viii complete the period for winch t,a0
indian Government announced n euSpsn.
SION ~ the weekly drawings. leatn I'm. I'm.
80 Tndian Government has cabled That
they will announce their decision rs a.
rcsuming or not In few days. ,rle -
known however. that the lndlan iIe ~
nv balances IN England are t4VOvvuJ
under the figures OF year ago. The
money market borrowed from the pahk
to-day. The Paris and Berlin markets
were firm.
The tone Of the market for stocks dur
ing the latter part OF the days trading
was genuinely strong. There was STEADY
buying Of good character all day, when
seemed 20 be for long account. ana ~ the
final transactions the shorts were driven
10 cover quite urgently. carrying the Level
Of prizes strongly above last nights close
20 that the net gains In nearly all active
stocks are over q point, ana In many
the southern stocks. are near points.
The professional bear element was pre-
pared for a continuance Of their success
ful campaign Of yesterday, ana they SCI
about raiding the market very soon after
the opening, which showed fractional I'M
prOvenients IN sympathy with LONDON.
Sugar was the vulnerable point or attack'
and was driven down over per cent On
fll-deflned rumors OF charges 10 be formu-
lated Of Illegal entries Of imported sugar
The bears also succeeded in depressing
New Jersey Cntral. Manhattan and one
or two other recently susceptible STOCKS,
but the sympathetic decline brought IN
the rest Of the list was narrow. and gave
sufficient warning 10 the bears that they
were not 10 have things their own way
so unrestricted as yesterday. The coalers
showed n marked tendency 70 recover
from their recent depression The south
ern railroads enjoyed the benefit az the
very large cotton movement which has re-
suited from the lifting Of guarantees,
and which has sent the price of cotton
70 near the lowest prices on record. The
whole railway list also was strengthened
nv consideration OF yesterdays Supreme
Court decision denying the right OF the
Interstate Commerce Commission 10 en-
force absolutely the long and short-haul
clause Of the interstate law. There was
marked subsistence Of apprehension re-
garding the relations with Spain on ac-
count Of cuba. and intimatfon came dur
ing the afternoon after the Cabinet had
gone into session at Washington. that an
the EXPRESSED willingness on the part Of
Spain to accept the good offices Of the
United States In aiding and settlement Of
the Cuban question. One of the strongest
factors in the improved tone was the large
and confident buying for London account.
Money I'm London shows an easier ten
dency. and invites the increased specula-
ton. Part OF the buying also was Incl
dent 10 the settlement In progress on the
London Exchange. Reports Of railway
earnings were, many Of them, very fay-
orable. There were periods OF dizziness
and hesitency during the day. and the
total sales Of all stocks were less than
80 900 shares, Of which Sugar, Burlins-
ton and ST. Paul made up nearly half.
The bond market was rather quiet, but
prices held firm. Total sales, $l.3JOO0O.
United States IS declined Il bid, and the
as registered y.
Total sales Of stocks to-day were 800
GOO shares. including Atchison preferred,
1863: Burlington, 1925; Louisville and
Nashville. 1910 Missouri Pacific, 1910;
New Jersey Central 1925; Northern
Pacific preferred. 10. 76J: Chicago North
western 1928 Rock Island, 15,9lj; st.
Paul Al 5i2. Union Pacific, S465; Bay
state Gas. y go: Chicago Gas 2O,14; Su-
gar, u SOS.