The times. [volume] (Richmond, Va.) 1890-1903, 1897-09-22
FINANCE AND COMMERCE
THE CLOSING QUOTATIONS or
MONET.
Offerings and sales at tho Richmond To
bacco Txchancc -internRl Revenue
Collection Foreign Advances

NEW YORK. Sept 2i-The Evening
Posts London financial callcgram says
There uas a weaker tone IN the stoeN
markets to-day. Americans lcading pm tne
decline They opened under thc Leilt1'
rrh. guh.n situation SIS not liked mere
ahd 30 ls believed that New loik l s,o
Cvsrdonc the rise for the moment So,
dispatches were also printed lIVn ~
York limiting ot O curtollment ih Ot,Nlre
recommendation. etc. Prices on Ain.
cans rallied when the New YORK quo'e.
tions were frst C8blcd. but closed iat az
lower prices SON there ia oiapoai'o"'
on the whole. 90 buy on any m2teIial .I ie1
action. Mines wcro dull inc iali9 anu
Berlin markets were duii
What has been expected and foreto.d,
and what tho bun operators IN thc slo-N
market have voinly sought 10 aver se,ir,f
20 pass to-day Tho redclohaly sps.'
took hold o. the market and "a heavy ue
cline resulted ln The level or pIlceS
throughout the whole hhl. lhe id.D ".
The decline in different stocks WI" a
90 FIRST glance out or proportion. Dut -
more careful scrutiny viii reveal ulat
fhe heaviest losses arc ln those hloeh45
that harC undergone the most Hlsi ~
advances. That the movement or .4~
market to-day is natural ana new
ne aercI0nmcut OF The progress tpWaIu
Improvement m business ana houstiy
which is GOING on iu the country is VD
fI0lr A. sustained upward co1I t
prices #. almost always uucl'chtH "tit4
j. has exceeded the reasonable Nalualloh
Ihn iwIr0. Jon mas bcfu h"tICi i.-s
strength chat stocks we're passing heyonu
fNIa ImIf ana ftaNHDu was I.iiiliii.'..
Manipulation Dy powerful interests Us one
rI.U. fIaf has deferred iti another LhlhR
fas boon me cpniinlel pielnyl ~ "m5
chopucs of money Inviting TO continued
speculation. ...-. 20
In The natural ana orderly couIf "t
d.
expansion of business would absorb iile
mono and make its use more expensive.
Bank statements for two weeks past hafc
reflected tho certainty that such "a rise
bob the price of money was approaching.
frTa rrrrkIur mo of call loan rates late
fr fIo Gnv and their continuance at n.
fIpb lryrf crv,fqNzod into certainty the
f.,rroreio.r in MANY months that prices
,r ,tCltr wore .vc.- 'voiv high. and as
81 consequence f. and 20 buy fcll
hollow no .T.. . ecu There was
suaamodiD nal effort shortly
after Tho he part Of the bull
coutinr Tho decline, but it
vae ....... .lOncd and the mar
ket wa. self until the heavy
n1uidpinu should exhaust itself This
seemed DO have come 10 pass at about
M n decline. reaching from points up-
...,r1 rr.o r,..eaffor Of heavy realizing
rfflre o,rour.cad eorno renewed buying.
ana n rauv extended TO over a point in
ell
o c,.i, t.ror. tbs cloeo TO the lowest
,.oiot of tbo da,-. There is reason to be-
i.,,. ti,.f fho ri-e iu call-moncv rate was
,.ot c-t.rolv nee from manipulation.
.,bo,. v.ero evidences of concerted action
DO, tno ,,.,tiro un az The rates It was
.'[4l,.sI.Ir tl.t' fhe eharD eti0cuing of the
,,,., ,..t. .li1 ,.ot roefiff I'M MS great a
f.u ir t,o ,.ta Of exchange as might be
' ,,d Ella account sale in Lon
AK 800 ,-ttcr ceaier ,Chich was not
We,
'o te 4t...oeitfor "a mako 7nuch
mere M.c . N i,,,t,,,, Dom oilr Gov
',P j.. Doe ~ enain on the Cuban
..tt rr,,.,. ,lr,r,ifesIon houses have
Men e5,ie,n~ fhcir customers TO sou. ana
fheir offerings came upon the market
Some effect was produced on stocks OF
franarOn mental lines Dy Attorney fn-
orai NcKcunq's opinion against the vac
ldfv of tno discriminating duties against
foreign goods imported through cOntigu-
ouq countries. That fhore was heavy
evident. and 80 ndluE orders 10 sen stop
loss ou "a decline were uncovered in large
numbers. Some covering of shorts al me
decline helped ine IIls. ouen were I.lo
tors ln the dal MARKET LOT hlocha'
Ihe total sales of stocks to-day amount
OH io 100000 shares, including Atchsoh
O10O. do preferred, al9v3; chesapeake
and Ohio. l2 $50. chicago burlington ana
Quincy. lt1-l. O., g. aho j. anu o.
LOUIS 'tHN, be"N'i anH A.io i@,iuS M
fNII"I, -.N''f lt"Ni b it' 'i" +N'l.' i.''