The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-02
FINANCE AND COMMERCE
THB CLOSING QUOTATIONS or
MONEY.
Offerings and sales NJ the Richmond To
bacco E1obsnEe-internal Revenue
Collections Foreign Advances.

NEW YORK. oct. 1.-The Evening
Posts London financial cablegram says
A further Improvement was noted IN the
stock markets to-day. Business Is spread
ing in every department. with thorough
~ healthy tone. Americans were eXcep-
tonally dull for the greater part OF the
day. but there was n sharp rail tonight
on New York support. which ~ SIS believed
here Will be continued. Tho close was AT
the best II IS difficult 20 say how far the
public here will respond. Probably those
recently I'm the market will now take a
fresh hand, but the now public seems like
" 70 be- attracted 20 mines. West Aus
trahan mines have been booming FOR the
last few DAYS. Home railways were
good. while In tho foreign market tho
strength OF Spanish and Argentine Sc
curites was the feature Copper stocks
were strong. Tho Paris Bourse was firm
on the buying ~ Tintos and the Berlin
market was steady.
NEW YORK. oct. The bulls made
their first aggressive stand in over two
weeks. and after "a heavy decline IN the
earlier part Of the day they came for
ward TO the support Of the market. check
ed the decline, and brought the closing
prices very generally above last nights
level There was nothing in the news of
tho day that could be counted more faV-
orable than that Of the preceding day or
two. and a sharp stincning in tho rates
Cor call money during the afternoon
might Doe called q distinctly unfnvO~able
factor But ~ had no effect in prevent
inc tho recovery and the close vas at
practically the highest point of The day
Either this was because the big per
cent. rate asked was considered artificial
and manipulutiVc. or because IL was felt
shat 20 would result in the prompt i'm
pOrtatiOn Of gold 10 relieve any pIoba-
hle stringency. a further lowering Of &c.
IN the actual rate for demand ste'ling
10 fSfa- encouraged this view, and the
probability OF early engagement OF gold
for import was freely talked all day. The
market was surprisingly irregular. In the
eany Trading the raid OF the bears on
specka stocks In each group was sue
cossftil IN depressing the particular group
and The whole list by sympathy. Soon
afterwards sustained buying on large
scale became evident. and a heavy color
INK movement by the bears followed. Buy
Iug orders by the commission houses also
had added 10 the strength of the market.
outside customers who had sold short
joining I'm the covering movement There
wasfa marked change In the whole tone
% the speculation. the market becoming
dull whenever tho bears succeeded in
checking The advance. and business show
ing "A lively increase whenever the course
~ prices turned upward. The railway
earnings reported during the day con-
tinued 10 show incr eases. Northern Pacific
reaching an increa SCI of S1SS7 for the
third week I'm December. Louisville ard
Nashvilles net Increase for August for
g18374Q striking result Of the recent
shown I'm the August statement Of McNi-
can Central. While the gross earnings
showed an increase of SiG.33S. the net
earnings showed a decrease Of Si35 AS.
This was due 10 officials Of the railway
explain 10 increased expenses caused 10y
the higher rates Of exchange. and i'm other
outleys. London wis buyer in this
market again to-day. Some of the stocks,
which showed weakness early I'm the day
failed 10 recover entirely, but not gains,
al a rule ranged from fraction TO >
per cent or over.
Railway bonds rallied strongly after
an early depression. Total sales were
81 10000 United States new As were adj
yanced bid to-day.
Tho total sales of stocks to-day were
500 200 shares. including AtchisOn pre-
fcrred. 1857. Chesapeake and Ohio. 7.030
Chicago. Burlington and Quincy 4O.Ill;
Louisville and Nashville, 1O,J2j. Manhat-
tan Elevated. 1925; Missouri Pacific, e.
g2O. Missouri. Kansas and Texas pre-
ferred. J1GO. New Jersey Central. 5000.
New York Central. $3.50: Northern Pa
cific $50: do. preferred, 22.SiO. Beading
g 500. Rock Island. eX-div., 23OO5; 81.
Paul Is 40. 81. Paul and Omaha. $40;
Southern railway preferred. II 400; MON
Pacific. 1855: American Tobacco, 604O;
Chicago Gas. 60 SOS, Consolidated Gas,
3 sou. sugar. ~ 1g5: Tennessee Coal and
Iron. 1855: Western Union, 5 400, Chi
cago Great Western. 12,72J.