The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-09
FINANCE AND COMMERCE
rsE CLOSING QUOTATIONS or
MONET.
Offerings and sales st the sochmo"" 4 o
bscco ExchspEs-fntsrnai revenue
Collections forei en- Advances.


pos,s,, Tendon financial ssabiegfam says:
ronsols were dull to-, lay on the gold
exports. aud other markets sympatnizeo
except Americans. which closed nrm on
the New York support ma on sne h s
pounccmcnt that 1fls,VOO IN easies nou
Safn taken to-day from III BANK OF Ens-
land Tor New York. In I'll the steamer
Paris takes out for New Ioak t9-lno ,Dw
retains the selling price OF eaKles az ~;
IA but further large Will drawals wouio
probably mean q rise In ~ &c price ana an
advance I'm the bank ra % mex. Wees ,'ess~
Brazilian stocks were duh ma mines VIE
easier. The Paris Bourse opened ste"uy
huf closed weak Gold Is expected 20 go
from there TO New York. and ! unaer-
stand that part OF the wit hdra"ais nc.''
are on French account IN q berhh NAV
ket was steady
The bull. were apparent ly impressed
with a belief at the opening OF tne stv OK
market to-day that the begi1 ming III ~ rSe
~ the import movement solu w ulu
affect the demand market an q seno pr ices
upward again after the long sustalneet re-
action This belief was dis sipated very
soon after noon. and the ms Tket oe cano
almost llfeless. business was OF the ngnt-
est possible d. option. ana nue." atlons
were narrow and unimpo rtant, many
stocks being l'ely neglecte q. Ihf pears
have apparently come TO the cnd tneIt
campaign. and there Is no large buying
contingent ready TO take sto cks, even AT
the low level The market Sc ems, IN fact'
90 have swung TO standst AZ Inc an,
nouncement made to-day Of gold engaged
for import footed up $4.3JOOW D. an OF TINS
amount all but S15O0.OOO com Is II ON Lon
don. To-day's engagement OF si,5OOWC
I'm Paris is the first 10 com rom that
centre on the total movemen " hich now
foots mn $4,000 This Isl e htirely at
variance with all the prophe; nee mace Dy
the financial authorities VINO AVE fore
told that London would ca 81 y be abe
TO shift the demand Tor go ~ from the
United States upon Paris j. ondon mas
apparently viewed with grea equan'mity
the increasing demand upon its 20 re-
serves. The Bank OF Engla ~ has zone
on expanding its loans In zee OF the
continuous drain upon its sd Ia, and no
change was made on Thursday in it's rate
OF discount. The opan mark 4 discount
rate In London has remained n bout steady
ND to to-day, when II harden ed slightly.
and the same thing was true in Paris in
response to the gold engagern ents.
The effect in New York. " lille Il was
almost unappreciable on the stock mar
ket was percepttble In the money and
exchange market. Time MOS ey was dis
tinctly easier. rates being N'w at 3 per
cent for sixty days and up 70 per cent.
for four and six months. Actual rates
Of sterling exchange advaD ced &c. and
posted rates Nc To-mof rows bank
statement is expected to show a less
marked contraction of loans. and a small
falling of In deposits than has been the
case for two weeks past as the result
OF the demand for currency in the inte-
rior This demand has been less during
the week. and the banks lave not been
at the necessity Of callinf in so many
loans to protect the Or reser yes. Dealings
in the stock market were Ia rgely confined
to the Industrial st pcks ard to the spe-
cialties. and the net. chang es. though for
the most part gair $. are small. except
in a few cases Oh icagO Gas again alb
sorbed nearly one-t bird OF the dealings,
and recovered ia Of, yesterdays decline.
Consolidated Gas inn proved points. Cen
cral Electric / point. and Manhattan ia.
The bond market showed more life than
the stock market and prices were firm.
Total sales. 81 .JO0.0O0. United States old
As, registered. advan ced Is bid, and the
Us. registered. the anne.
The total sales of stocks today. were
252. 500 shares, includi ng Atchison- II no:
90. preferred 7.457; Chicago, Burlington
and Quincy - Dos: l Ouisville and Nash
willie. 524O: Missouri Pacific. 300. North
crn Pacific preferred 6.S0S; Rock Island,
s4f5: St Paul. 1850; American Tobacco,
IL 2a5: Bay State Gas. $50; Chicago Gas,
srn. $3.50.
MONEY AND EXCHANGE. Money on
call easier at 2zd3 per. cent, last loan
cent; prime mercantile paper. 41zN5 per
cent Sterling exchange firm er, with ac-
tuai business I'm banke RS bills at 4Sil9T
4S4ss for demand. and at 4S2l9n4S2% for
sixty days; posted rat es, 4S3n4S3la and
1851; commercial bills. 4s1. Silver GER
fihcates, 57d57Ik; bar silver, IS; Mexican
dollars. 43%. Governm INT bonds firmer;
state bonds dull; railway bond firm.
BANK CLEARINGs-The total bank
ciearings I'm the United states for the
week 81 .39S. $40 036: per cent. increase,
32.3; exclusive OF New Nook. S564057, $50;
per cent. Increase. 1913.