The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-12
FINANCEAND COMMERCE
THE CLOSING QUOTATIONS OF
MONEI.
Offerings and sales nj the kichmond 10
bacco TNcbaDge--internal kesenue
Coilectiona- Foreign Advances.

NEW YORK. oct 1.-THE Evening
Posts London financial cablcgram says
The rlsosin German bank discount rates
from & 90 per ceit is regarded as indi-
Bank OF England rate on Thursday, and
fnc market soon went dun ana heavy.
Ihc market generally. however. does not
know ~ fhc rauks action in raising the
price OF gold. which might effect The qucs-
ti0u of rate on Thursday, not that ] am
Indicating that "a change VIII not be made.
Americans were dun and the market In
sympathy with The New York tone, and
assisted Toy the maturing Of large OPP
tons here. The settlement ia mines shows
large account in West Australians
that market which is booming kanirs
were rather good. but closed under the
best New Foundland Is issuing az So per
cent % per cent loan for go OO to pay
Tor the New FOuudland railway. recently
built The Paris Boursc was duh, and
The Berlin market was unsettled by the
change IN the bank rate
The bear campaign on the Stock TX
change to-day finished its prototype IN
tho manner Of the iilustrous French mon
arch who led his army UP the hill, and
then Ted 10 back again. only the ante
rior manocuvre on the part Of the stock
market bears was that of pretended re-
treat with all the panoply Of woe and with
all The trappings Of defeat. sounding aloud
their lamentations and alarms Of dan
gers that bcsct the values Of stocks. In
their acute apprehension over the pros
ucctive decline in prices. they sold nu-
$685. and indeed some few other persons
20 SOL their holdings. But the large part
of the selling proved 90 be confined 10 the
professional rcaCtiOnists. The failure TO
induce any large liquidation and the news
OF widespread rains IN the West, break
Ing the l0ng-cOntinued drought, admon-
ished the Bears 90 secure stocks with
which 10 nm selling contracts they had
back over about the same course Il had
followed. so that the net changes are very
narrow. in almost AN cases. This was so
even of Chicago Gas, which ranged over
more than two points In very crratlc
manner. and ON large transactions. 1t
was true also Of Consolidated Gas which
took ono Of IT'S characteristic tumbles of
four points and then recovered. The
marked declines of the morning I'm the
Southernv estorn stocks and the grangers
were also largely recovered. many stocks,
particularly the gTangers. rising above
Saturdays level. Statements of railroad
earnings for the first week in October re-
ccived during the day showed continued
Improvement Actual rates for sterling
exchange fen again TO 1914 for demand
and 90 4N2ia for sixty days. This ls said
10 Doe at the gold import point i'm spite of
the fact that the Bank Of England to-
day advanced ifs price for American
eagles to 1Gs. I'D. against 16s. 6l6d. at
the time last weeks engagements for im-
ports were made. Rates for time money
continued easy and there was good de-
mand for commercial paper, which was
also I'm good supply. Notwithstanding the
cessation Of the bear attack on the mar
kef and the subsistence of the apprchen-
sious that have recently besct some of
tho traders. the buying wa as much
confined 90 the bear element as the sell
ing had been and there was little indi-
cation of any resumption Of widespread
and affecting interest I'm the market
Bonds were rather dun. but generally
improved before the close. Total sales,
81 100000 United States old As were y
higher bid and the new 4's sold az 126,s,
the high record.
Tho total sales OF stocks to-day were
3S0.lo0 shares. including Atchison pre-
ferred q.G35. Chesapeake and Ohio. 900,
Chicago Burlington and quincy. 21035
Louisville and Nashville 1Nj. Missouri
Pacific 10 42O. New York Central. 6.3i9;
Northern Pacific. 1900. do. preferred,
no pos Reading 9620. Rock Island l249j
ST. Paul. 264qS Union Pacific 1211O; Wa
bash preferred. $3.50. Bay state Gas
Q3lO. Chicago Gas. 90 225. Sugar, 24,39J;
Chicago Great Western, 1OO3O.
MONEY AND ENCHANGE.-Mone on
cali steady a 2isn3 per cent, last loan.
per cent. and closed offered az 3 per
q HH.. % M