The times. [volume] (Richmond, Va.) 1890-1903, 1897-09-24

rRn CLOSING QUOTATIONS or
uONEJ.
Offerings and sales az the Eiohn ond To
baoco Exchange internal Revenue
Collections Foreign Advances,

NEW YORK. Sept 23--The Evening
Posts London financial cahiefrnm flyni
The change in me discount on me l'', ,H
81 England, announced to-day, ha9 ~
cnCct on the stock markets having heti
fully anticipated. Indeed. 10 is uchtNc"
that che rates would have been ran ga 10
per cent but for the fact that tne
treasury bills. amounting 10 l2VhNO hte
90 be ISSUED next week The feature lh
tho markets to-day was the speedy l.tlf'I
.n Americans. tho disposition as 'auit'
you yesterday. here and on the 'onuh'nt'
90 buy on "a decline, beng unm.a a ,e,,i1',,
to-day. Prices closed at the best Oh1u
Pacific and Reading wore cspfo Any
strong. Grand Trunk and Cena"t -, .r
cihc we're also good. Mines were be,leI.
Opinions as 90 tho date OF the next Hhtl.
ment OF gold 20 New YORK diner Wlnt,5
Every one D. saying that me noNg,l,,t, ~. b.,
SIS entirely exceptional and VIII pfopaNlF
not hc ropcatcd but tho shrowd one pre-
fer 90 hold their opinions IN suape
pending the course OF ile +N,W ~
money market Details ar tnc foiD no -
mont for the week show the recon-. on
100000 from Australia. me o1Iolt on
10000 10 the Continent. OF t-n'W ~
Egvpt. and 800 900 90 South America. a1Q
Gle sale of flO4OO1 in bars ana caeles. Dl
0is latter amount about iFp''v Was l.I
Russia where considerable lnpnstIt"i
revival ig said 90 Doe going ON. +"o9i u. .a
count market is unsettled hy lht '...,--
in tho bank rate but is stIli compfi tIFIl5
easy The Paris and Berlin markets "'e
better.
Tho recovery in prices which tctan
yesterday was continued l9-uay w. e
the earlier part of the session on 'nC
Stock Exchange. and the advance OF
prices of 400 stock was apparently ON luH
t0rco again until the afternoon when thc
support seemed 90 Doe withdrawn from
mo market and prices fen away 10
general level below last nights close.
Tho rise was stimulated by the announce
mont that a local bank had engaged
$1,000 600 lu gold Boo France for import To
ihis country. making total win yes,
terday's engagement. OF S2.J0Oeo goa
due 90 arrive. Receipts Of gold reported
from San Francisco as arriving theIe
Tho action Of the Bank Of England in
advancing its rate of discount u per cont
A. "a per cent was anticipated 100 view
Of tho continued depletion Of IT'S fold
holdings and the additional strain OF yes
tcrdays withdrawal for shipment 90 this
country The strength OF sugar, Whlcii
Yose nearly four points on the report.
intention Of the Treasury Department 70
apply tho cOuutcrVailing dut on 'Dutch
refined" sugars. helped along the rise.
There was support afforded the market
on through hy heaFy puylnk 10y eoi'D Dl
tho bun operators, Who nave bctn con-
splcuOus Goo the recent rise. inc clItti or
tho gold import movement was ltihtS
dissipatcd during the day by skcpuclsm
AS 90 lts natural character inc tAchaiiEc
bankers who usually handle the move
1ucnt Of gold both import ana cNpoi To
were unanimous in the opinion that at lhe
e,chspre bore and of gold in London
e,.rt No. ,I,,e ,,o ,5r,ff I'm tho lu-
ahu @ll' ,'' ia ",,d ~ fot1rre of most
~ .4,lo" vl orrii i~dil,tn onife "a heavy
vl lneii "uN'n ir MN crriosit,, was
loss ON nc s N' liiente fo
eNpIe7.eu ar ~ ,, i,,l, tbo innorfa-
WuoHi ,u9 .,, ,. o-,,rion ms oi,itc freely
,,,,,,rl,,roeecG tb.t tbo oncration was designed
entirely TO influence TO price or STOCKS.
Tho failure of the exchange market 20
harden under the announcement Was qulte
noticeable. Equally so was the cohu49'l
Nrm1ees OF rates for local money Whi,n
became pretty wei estapns.sd ON ,... ll9
basis Of per cent. Later lhe up"ai"
prices were checked. and there were pc
RODS of dizziness. followed Joy q hleduy
decline 90 the close, the upward toui
OF tho morning being retrdccd DID lhe
afternoon. Tho changes exceeded q frac-
tlon BOZ small number or cases Ainon ..s
the less active stocks cams OF u POM or
n, . co. .,..Sorro6 OREGON NaVieation