The times. [volume] (Richmond, Va.) 1890-1903, 1897-11-11
FINANCEAND COMMERCE
gME CLOSING QUOTATIONS or
hONEI.
Offerings and sales ut tho H'ehmo"" 10
bacco Eschange. Hsvenue
Coiiections-ForciSn Advances

,.euv Vopf Nov. fO.-The Evening
Posts London hnaneia' a,3 tfsvof's ham
Tho speeches ga inc ito' " go. 49, -. etrct,s
ouot last night had a koo" ',i,. V ycro
aencrauv. and an the ua'h. .s ,t".rs
$500 80. ~. d4,, except l<affirs. Americans
ore steadily rising. Ancf' VIE = -, .'l.a -
cautious demand iof i'tha 4'. -, 40
,rd fhe close was practlcaliy az WI 49,
80 i-,,ton pncinc as the feature OF
strenrth. cold was in strong ueiiiseiGt,,
ftOUn la eagles was SOLO by VIZ -
- t,Doiand to-day. understand lot NJ
.o,tirent but no one As quite sure. PIC
T,fi9u Government announces IW VIZ,
svensnei0n OF weekly drawings IVi az
least -FOUR weeks. Money Us tighter, d.
JoIiv nearly ~ .Ooo0V0 having been Dv'-
rov,cd from the bank thus counfmine, ny
former cables that the markct "uel" az,
more or less IN the banks hands VII
Christmas The Paris Bourse was uiHl.
There were large dealings ~ limo copper
minis. The Berlin market was nfm.
Prizes Of stocks to-day made very sub
stautial recovorics toward the level which
prevailed before the heavy declines OF
last Mondny and Friday The buying
Was strong and confident. and the upward
course of prices. excepting IN "a rev
cases. was practically uninterrupted an
day until sore prOnt-taking ut the close
brought rcccssions from the best prices.
THE factor Of greatest influence was the
decision Of tho appellate division or the
supreme Court nt Albany I'm the matter
Of The Coal Trust inquiry Reports of this
decision had 10 that the decree OF the
lower court I'm revOking this order had
distinctly expressed itH opinion that the
so-cailcd antitrust law was uncOnstitu-
tiOnal 20 was inferred that tO-day's de-
Cislon had denied the cOnslitutiOndlty OF
the law. Apparently this inference was
maintained iu the stock market until the
close OF trading. although the Court DIS
iinctly disClalms that ~ SIS passing upon
the constitutionality Of the Inv, as II Is
not necessary Tor the absolute determi-
mating Of the question. However, the
Wall-street Interpretation OF the decision
gave a very strong upward impetus to all
stocks affected by the law. The coalefs
were most markedly affected as being the
subject OF the special suit under trial. ana
they show gains extending 10 81 In the
case OF Delaware and Hudson. Every in
orstflul stock on the list was also sharply
affected by this report in view OF tho
fact that statute was understood 10 be
directed against these great combinations
az capital Cotton on preferred was bcne-
flied 10 the extent OF "a point or over. But
the strength % the market was by no
means confined to these stocks. though
the general strength was In part due TO
sympathy with them. Much was made
81 the declaration Boy the Spanish Prime
Minister as 10 the friendly intentions of
his Government towards this. ana of the
report from Washington Of the satisfnc-
tion seemed 70 bee felt by the President
and members Of the Cabinet over the
Spanish reply 90 United States Minister
NoouIor0h note. NelurnS OF railroad
earnings Tor the first week In November
showed a continuance OF heavy traffic
where the cotton movement is Augmented
ly release Of quarantine, and also I'm the
West. whore the falling Off I'm the grain
movement might cause declines I'm earn
ings There were quite extensive pur-
'chases IN this market for London account
or several international stocks St Paul
however. being sold for that account The
whole spirit of trading was distinctly
hullish. ana gains Of a point or over are
frequent throughout the list Norfolk and
Western preferred shows a net gain OF
2ii and Lake Shore Of points The total
sales for the day were under 400 600
shares and over one-fOurth Of these were
Of Sugar. Burlington and St Paul.
I'm the bond market there was COnsid-
cradle activity. and prices advanced I'm
sympathy with stocks Total sales,
81 10000
The total sales Of stocks to-day were
a97 500 shares. including AtchisOn pre-
ferred. d14S. Chesapeake and Ohio. G.OlO.
Burlington. 1900. Louisville and Nash
vile. 1890. Manhattan. 1910. Missouri
Pacific. 1O4O1. New Jersey Central. H.
Iu1. Northern Pacific preferred. 1GJSj;
Reading, 500. Rock Island. 2j.O4J. st.
Paul. $3.50, Union Pacific. 1G9l5. Ampri-
can T0hacco G.15O; Bay State Gas 1900:
Chicago Gas ~ 30. Sugar Js $40. Ten
ucssce Coal ana Iron. 10000. Chicago
Great Western, 900.
MONEY AND TNCTThNGF.-Mon on
call steady at lizN2 per cent, last loan
an per cent. and closed offered at HAP
per cent Prime mercantile paper. 3hn
AZ per cent Sterling exchange firm. with
actual Business in bankers bills at 4S1hU
1871 for demand. and 4S2iWfS2- for sixty
DAYS. u0atcd rates. aN3lsN4Sdla. CONNER
cial bills lSfT- Silver certificates. 57ihQ
Ig. bar silver 51N. Mexican dollars, 44N.
Government bonds firm; state bonds dull;
I#NH HH