The times. [volume] (Richmond, Va.) 1890-1903, 1897-08-21
FINANCE AND COMMERCE
THE CLOSING QUOTATIONS or
MONII.
Offerings aud sales at the Riohmosd To.
bacco EKchango-lnternal Revenue
Coiiections- Foreign Advances.

NEW YORK. August Gothic process
OF realizing profits on the long-Conuuutd
advance lu thc market went on to-day,
and was reelected iu The heavy tone OF lie
market and the cessation Of active OUTSIDE
buying The sclliur was much OF 10 ny
commission houses and is presumably or
holdings lv Che outside public, who have
grown Fearful ~ @ decline. Although OF
feTinca on This account were large. ana
although thc days sharp decline caused
largo numbers ~ stop-lOss orders az
times The offerings were pretty well ap-
sorhcd. orders are apparently waiting
Boa fhc market % buy ON a scale down
,o mat me prices meet q resisting iorce
before they have reacted far Prices no
tho stock market ala not respond TO the
sensational rise ln wheat. as is sometimes
tho case SOf FAR as this rise was due 10
buying Tor export and 90 tho jump iu the
price Of wheat ln England and the Con-
tncui n was "a favorable Influence on
stocks, as indicating considerable pur-
chasing power ln the hands Of tho farm
crs' Tho list so far ass 80 was due TO
fears ~ damage 10 tho corn crop and 20
lower estimates Of tho spring wheat crop.
~ affected the grain-Carrying roads untav-
orably. as indicating probable decrease
900 The tonnage OF the freight 20 be trans
ported. Reports ~ such crop conditions
were very prevalent in Wall street all
day. and tho market responded quickly
especially tho cranccrs The continued
I.NINIIN.M or NfNINNE ftNNNiEt fNN'r N.AN
not ON encouraging factor in the market
london and tho Continent seem 10 DO
fencing 10 decide which shall meet the
first demand for gold ON account or me
helvv crop movement, but the existing
market reflected no immediate Nklihood
of Imports of gold. The curious contra
dIefi1u in sentiment which has existed
for months past between the London ana
Now York markets found new phase
fo-dnv Prices for American securities
HfnHTr from London fHlr morning.
indicating q disregard Of tho reaction
manifested in the New York market
Purchases in New York for London
account were made also Of nearly all the
prominent international stocks, in spite
~ The falling course of prices. sales tor
THIS account were estimated at lJ.VH
shares The Now York market equally
ignored the sentiment ~ the London mar
Bot and won't on selling Receipts or
American securities from foreign houses
have been very large recently by incom-
lnr steamers from Europe and recent or
dcrs 20 purchase placed In the London
market lv New York houses have deNel-
oue1 the fact that the market has been
pretty we'll stripped of American eccuri-
ties To-d7y's movement looked ike O.
desire on the part Of the foreigners 70 re-
p'enish their supply Of American stocks
The extreme decline to-day was cOnsid-
crghlv over "a point in largo number
Of shares. Including the EranGers ana
leading southern and southwestern rail-
ing ~ prices in the afternoon diminished
tho losses but they reached n point IN
many cases Leather preferred was
efr0nr Oh the rise Ga the price Of the
product Tobacco lost about two points
sugar. moved over "a range Of about two
points, but its net change was small
Tho total sales 81 stocks to-day were
JOS 200 shares including AtchisOn pre-
rerrod H. a52. chesapeake and Ohio. $3.50;
Chicago. BURLINGTON and quincy, ex-div,
r9 $40: louisville and Nashville. li445;
Manhattan Elevated G.50, Northern Pa
rIfc preferred, 300. missouri FaciHc'
~ $40. Missouri Kansas and Texas pre-
f.rro1 $3.50. Reading. 16O0S. Rock
Island r52G0. ST. Paul 90 500; southern
f4ffvvnv preferred. aN2f. Union PACING,
N c-0. American Tobacco, HNVO; sugar,
17ci2. Do. preferred and United states
Leather preferred 1870 chicago Great
The bond market displayed a heavy
tone ON moderate dealings. The specn'a-
tiou was largely centered I'm the leading
mortgages. and there was decided
abatement in the foreign demand Tor
securities The aggregate sales were
governments hardened slightly on light
purchases
MONEY AND EXCTTANGE.-Money on
call easy at 1hnla per cent; last loan
md ~ and closed offered M ~ per cent;
prime mercantile paper. .%"fla per cent:
Sterling exchange steady with actual
business in bankers bills az 4S5's0 4Sa~
for demand and mo 4S2s0ls3h for sixty
DAVIS. n0etod ratce ASH n4sG and 4SGifi
49, Commercial bills. 4s2. silver certih-
catcs. 500 12tk. bar silver. 52N. Mexican
dollars. 4N. Government bonds strong;
state bonds dull; railroad bonds weak
BANK CLEARINGs.- THE totali bank
cloarinrs in the United States for the
week. Sf $3.50 1S3Gi5. per cont Increase.
400 Exclusive Of New York @s'.aoools
nor cont. Innron.o. .Il.