The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-29
FINANCE AND COMMERCE
gHE CLOSING QUOTATIONS OF
MONEY.
Offerings and Sales nj tho Richmond To
baeco Exchange-Internsl Revenue
Collections Foreign Advances.

NEW YORK, oct 2S.-The Evening
Posts London financial cablegsam says:
To-day the market had an irregular
movement. Consols and kindred stocks
were better. Americans aud Canadian
pacnCs opened nat. but recovered before
the New York prices arrived, partly on
moro cheerful statements OF the Cuban
question. and partly on genuine pur-
chascs here There was further recovery
later but the close was at fraction un-
Ger the best Brazils were weak fafls
and Berlin markets firm. Details OF golu
f0r this week are 100000 for the Cape.
$1,000 in eagles and 10000 In soNerelens
FOR the Continent. To-day the market mas
borrowed a further small amount from
the bank, but the bank also has repaid a
certain amount TO the market OF the toial
borrowed early In the month.
To-day's stock market was exclusively
in tho hands Of the professional traders,
and contained nothing OF significance in
IT'S bearing on the general condition OF
the country. The market was inactNs'
and the movement OF prices was SLUGGISH
Trading was almost stagnant az uIhes.
The traders did the best they could 20
influence prices by manipulauVe buying
and selling and by dissemination as news
or rumOrs Of their respective hopes ana
fears The only response OF any moment
was shown In spccial cases with a slight
sentimental effect on the general list, but
the professionals were unable to Induce
any following. and In meeting their earlier
contracts carried prices back TO near the
starting prices. one Of the special stocks
affected was Pacific Mail, which declined
az one time "a on account OF the ueclhe
In earnings shown by us september state
ment The stock recovered 20 WITHIN
fraction Of last nights close Sugar, after
"a substantial gain. fell 2is points. but
also recovered 20 a net decline or frac-
tion. The coalers. as a group. were weak
on tho unsatisfactory condition on the
trade Notwithstanding recovcries near
the close their net losses were a point or
over. The grain-carrying roads, on the
other hand, displayed nrmness, Whlch was
principally due 10 roseatc forecasts OF tle
Soptcmbor earnings Of Burlington. the
statement Of which Is yet 20 be published
by reason Of this influence results are
generally a fraction higher, except some
southern roads and cOalcTs. while the
industrials and specialties are generally
lower. There was stil some disposition
10 advance fears Of the Cuban question rs
q motion for the selling Union racine
was less active. and was uncertain IN us
movemcnts on account OF the debts OF
lust what changes In the plans OF the
REORGANIZATION Committee are invOiVed
The stock closed x higher. The arrange
ments for the payment 10 the Govern.
mont and for the Governments payment
of bonds coming due on January LIST are
also looked forward 10 with interest LOT
their effect on the money market III ~ ~
believed that the one Will be timed 10 on
set the other as far as possible, so as
not 10 take so large an amount OF money
out ~ the market The sum 90 DC pald
f0 the Government will considerably eN-
coed that 10 be paid out OF this account
hut the excess Of disbursements over re-
ccipts In the daily operations OF the
Treasury will help 10 make this up. IL ~
believed that any marked effect on the
cost OF money will thus be avoided
Central of Georgia second incomes de-
clned Is and "a third incomes a point
Kansas and Texas issues were weak
Dealings in bonds were not on large
scale. Total sales. 81 $4,000. United
states 5s were advanced - bid.
The total sales Of stocks to-day were
or GOO shares including AfchisOn pre-
ferred. 300 Burlington, 20935; Louisville
and Nashville, 100: Missouri PACING
Ia5O. Northern Pacific preferred. 3,o6';
Rock Island. 6 700. st. Paul, 259OO: Union
Pacific. - $50. Chicago Gas, -. 10; Pa
cifc Mail. 6.S77 Sugar. 3l,l44; Tennessee
roal and Iron, z 7O7, Chicago Great West
crn. 5iGo.