The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-22
FINANCE AND COMMERCE
gHH CLOSING QUOTATIONS or
MONEY.
Offerings and sales 80 tho Richmond To
baoco Uxchange-internal Revenue
Coilsctions-- Foreign Advances.

NEW YORK. oct ci-Tho Evening
Posts London financial cublcgfem says:
The Bank OF England returns has come
as e. complete surprise 20 the market.
The feature is that the bank has hfted
about 100000 from the market as
shown by the decrease, COCO 600 IN other
securities and over tiOOOOO0 tn Govern
fnonf securities. To was generally known
that the bank was borrowing. as was re-
ported early in the week. Tho reserve
r. un only 500 600 in coin and bullion, ana
down fii .OO0 which. as t22I0OO IN gold
was exported FOR the week. shows some
return from home circulation. The details
of gold Tor the week reached ihiWU ~
eagles sold. 10000 10 the Continent, ana
10000 tO Malta ] can now auTm tlat
she recent withdrawal OF eagles was TOT
Germany. not for America In cohhe-
0ucncc Of the bank return discount
houses have raised deposit rates by q 10
IA per cent. and ~ per cent Tor can
and notice money. respectively. htBdIu-
ing operations between New YORK ana
London / am assured that the state
mcnts ass TO large loans from New YORK
hanks 10 London are grossly eNdkEtfatto
and this accOrds with the New York cable
% Tho Times this morning None the
Jess ON this and prospect OF future golc
shipments 10 America, / would prefer 10
make no assertion yet, beyond the tact
that eagles are going 10 Germany ana
INK on. ~ is believed that the bank rate
may rise before long. The Paris and Ber-
lin markets were idle and quiet. and since
the bank return rather duh. consols ieap-
lng. ON apprchensiOns OF dcarer money
Americans were firm, closing at about
the best. hut quiet PicrreDont Morgan
is talking very bullish, and telling every
ono that trade prospects in America are
assured Tor the next three years AT least
The greatest uncertainty exists ON the
question of future exchange.
What looked az one time to-day like
"a resumption in force Of TIC upward
movement Of prices Games 10 - uhtimey
end in tho afternoon on thcfWn n street
Interpretation Of SPANS reported inten-
tion 20 press for more stringent measures
against hlibusters by the United states
Government and 10 call this Government
10 account for the success Of hlibuster-
ink expeditions There was very wide
range Of fluctuations for the day ana
movements of prices were conflicting and
irregular mp 10 the final decline.
There was a good deal Of commission
house buying reported during the morn
ing. but the market continued for, tho
most part largely professional. Union
Pacific was an element of weakness, II
being heavy. caused by the reported cir
cuiation IN the street Of a syndicate agree
mcnt being made contingent on some
further developments i'm tho case. he
uorts were also circulated that money was
being raised for this purpose I'm London.
Selling Of stocks for London account was
more or less Of drag on this market
The early rise in tho market was aided
hv the continued favorable character on
statements I'm railroad earnings and ru-
mors Of statements yet TO come. But
The question is arising IN the minds or
dealcfg In stocks II the present high earn
fuae are due 10 unusual movement in spc-
eial commodities II is impossible 10 state
now whether it is due TO the prosperity
of tho country.
crease I'm the movement Of general MGR
chandigr over the railroads. but owners Of
shares in these properties are beginning
10 question the extent Of this general I'M
provemcnt. Money continued distinctly
easy in tho market. hut call for loans he
inc made at about per cent, no further
imports Of gold are expected, while Euro
nean nancy centres show the present
relative Stiffness Of rates, the tendency
being am the time 20 increase the differ
once as shown boy the contraction I'm the
Bank Of England loans this week Trans
actions to-day were on "a small scale out
side % the industrial specialties. the
granEers and one OF two other leading
railroad stocks.
transactions I'm bonds were dun. and
prices I'm the main were fairly held Deaia~
inre In Union Pacific collateral trust notes
were "A feature. Total sales 81 WO.bO
United states old rs were advanced X
bid tho new As p bid and the 5's. regis
tered. =.
Tho total sales Of stocks to-day were
20G 200 shares. including AtchisOn. 10000;
Chosapcake and Ohio. IL 700: Chicago.
burlington and Quincy. 1880: Louisville
and Nashville. $3.50; Manhattan. -N.5f2i
Missouri Pacific 1897; New York Geo-
trail 1866: Northern Pacific prefcrred
GGi2. Rock Island ~ 1856. St Paul. 20.20O;
Union Pacific rs Ojj. American Tobacco.
SAP Bay state Gas. 10 10. Chicago Gas.
"a $40. Sugar. 36 0hj' Tennessee Coal and
Iron GOO. Chicago Great Western, 200.
MONEY AND INCTANGE-Mon on
call easy at 202k per cent. last loan at
and closed offered az per cent. prime
mercantile paper. 4U4k per cent Sterl-
ing exchange firm, with actual business
I'm bankers bills at 4Sli2 for demand and
at 4S2n4S2is for sixty DAYS, posted rates.
4s2h0 tS3k and 4Slia commercial bills.
4sl SILVER certificates 5S0i9il. bar sill
yrr. 5S'S. eXican dollars 45lh Govern
mont bonds strong. State bonds dull. rail-
road bonds firm.