The times. [volume] (Richmond, Va.) 1890-1903, 1897-11-09
FINANCE AND COMMERCE
rHH CLOSING QUOTATIONS or
MONEY.
Offerings and Sales Mt the Richmond TO
bncco Exchange Revenue
Collections Foreign Advances

NEW YORK. Nov, SILne ENen,nR
Posts London nnanclai caoivs, Sin qs,e.,
Mar Coufllis were nrm because OF easier
rates and sh0rtness OF stock Coniatas
srcvini,s aetiicment. kaftirs were weak.
Australians were good. Inc genera se'-
tlcmsnt 10 begin tomorrow VIII progd-
bIv be a small affair, with slightly easier
fronnV Gold IS in strong demand Tor tne
continent. India IS also buying mooeI-
ately, but az the present not on eAcnansSs
opcrations. but merely the usual demand
ar thc bazaars. Americans opened stead
ier on che rise In New York; then New
York began 10 sell, the mArGet Gfeppt9;
closing nat few more such days VIII
nrobably entirely exhaust the patience OF
surh few bulls as exist here. Brazlis were
Nat Grand trunks were strong on IT,
ports that negotiations are proceenlhs
favorabiy In arranging new iIs's enc
route with the Wabash system over the
loop line Of the old Great western Com,
Wcstern 10 New York. The Paris ana
Berlin markets were quiet am assured
ON fairly good authority that X IS possible
tho Relchbank may make no iurther
change this year.
Prices OF stocks fuctuated very widely
and very easily, iraversing, range UP
and down many times In the course or
the day. This indicated a feverish tone
OF the speculative mind. "A readiness 10
dispose Of holdings on a. slight intimation
Of possible unfavorahlc developments, ana
an equally nervous anxiety on the part
OF the short sellers 10 cover their con-
tracts on any account OF hafdenlhg
tendency In the market The most for
midablo event In the days happenings
so far as any effect on values was con-
cerned. was the further Dostp2nrment OF
the announcement Of the courts decision
ia the Nebraska maximum freight rate
case. which was confidently expected 70
dav There has been assurance felt in
wall street that the verdict ia this case
will be favorable 10 the railroads, ana
even IL favorable verdict had been an
nounced to-day, prOflt-taking would pro
baby have led TO declines in the STOCKS
affected. But the news OF the postpone
ment led 10 the circulation OF fumors
that the verdict would. in fact, affirm
the validity Of the contested statute. ms
rumor induced much sellns' Sp efylai
weakness was induced also in the coaicrs
condition OF that induseTy. due to over
production. cutting Of prices, ana the
persistent mild weather. There was not
lacking the stock Spanish war scare.
These demoralizing factors did not begin
70 be felt until some slight Improvement
over Saturdays close had been effected
IN prices. Sugar leading the way There
was a notable Improvement also In the
low point toward the close. due TO the
cove ing OF the shorts and on a court de-
cisiOn against the Interstate Commerce
Commission as TO the regulation of rates
under the long and short haul clause.
where rates are IN competition. As
consequence Of this at the opening and
Improvement OF the close, net declines
are much diminished Spirits preferred
was the first stock 20 exercise an I'M
settling influence on the market with
slump OF 6h points on news OF the failure
Of the Kentucky distillers combination.
New Jersey Central registered an extreme
decline OF ga, ST. Joe and Grand Island
first preferred ., Delaware and Sudson
and Manhattsap = sugar 4%'r omaha ana
ferred. Illinois steel from 10 49, each
Burlington, Chicago Gas, Missouri Pacific.
Reading first preferred. Illinois Central,
and other nTOminpnt stocks
from 2 to 27s. the latter In Burlington, as
being largely affected by the Nebraska
maximum freight law. St Paul was
quite notably firm on London buying,
and a number Of other stocks were also
bought quite steadily for London account
81 the decline. Sugar was very active
tive 20 attack Detroit Gas was notable
exception I'm the weakness OF the list,
with q net gain Of ~ points. Cotton oil
bonds we're weak in sympathy with
stocks, but .steadied later in the day.
The total sales Of stocks to-day were
427 800 shares. including Atchison pre-
ferred. 900 Burlington, a. 40: Louis
Sa ss ana Naw N1 Iersev Central 1890 New
York Central. 1877 Missouri Pacific, IL.
80; Northern Pacific preferred; 14soS;
$500. Rock Island. 1910; ST. Paul, a.
145; Union Pacific. lilo; Chicago Cas-
1868 Sugar. s695S: Western Union.
G.5S5: Chicago Great Western. II 45O-
MONEY AND EXCHANGE.-Mone on
call easy at 1Isa2 per cent; last loan 2
per cent. and closed offered at 1I5n2 per
cent: prime mercantile paper 3Au4h
per cent Sterling exchange easier, with
actual business I'm bankers bills at 4N3A
for demand and at 4s2i5Q4S2% for sixty
DAYS. posted rates. 4S3l9Q4s6l2; CONNER
cial bills 4S1al Silver certificates. 5Ii5Q
30. bar silver, BY; Mexican dollars; 44$,
Government bonds weak, State bonds
dull: railroad bonds weak