The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-15
FINANCE AND COMMERCE
THR CLOSING QUOTATIONS o.
HONFT.
oner,nes and sales 1T the Richmond To
bacco Exchange. internal Revenue
Collections Foreign ADVANCES

>.,.,,, vopK oct 1.-THE Evening
Posts London financial yooi'ei@,," a'f d.
The stock markets were Hult' anu 80
r,eniar to-day The rise In the bahk 81
lrSSy'" minimum discount rate from
~ fn 3 pcr cent had no eject. hS.'
- eberD decline IN Grand lfoiDs, Dc
Go of ihc meeting to-day no propoai-
slon was made ty the directors lvi a.i a.
- che accumulated deficit thc neo,sil
lorn,rd people, however. never cNpeo,eo ol
dreirei such a scheme. The sPtcills,ion
e wet Australian mines lncreases
Americans were dun on the New spIh
load but they rallied to-nish. on ~
York prices Tho disposition mere pa 10
stand aside on Americans, sWa,eLt /"
cleared definition Of the New 1gih pos,
ton The gold movement foF tne W., -
show l5iiGe In eagles sole. 80 con-
Sircnf ana 40 600 go South America. and
tho receipt OF f25.o00 from AuSlr sila, /
understand but cannot conhoentlE asstI ~,
that the bank has to-day borrowed npI.ey
u. ,,reoie N thiq Motley has been adopt
I'D 3D. is an important point, nec'yuh, g., ~
means rather lighter money mere. inc
Paris and Berlin markets. were Pu'"'-
The action o. prices In to-day's mar,
lof might bo likcued 20 the toilsoIa 20 ana
arduope efforts of weakened animal 20
clir,h 10 "a secure station. only 20 pc
continually tumbled backward by single
hostile stroke. The success or the pei,iS
IN depressing prices lea mem ocfoS o,,er
10 take profits. These spasnodic cover
inc movements were achieved with out al
footing any marked change IN the genera
level Of prices. and the upward touIso
soon resulted in an almost stagna NJ con
difion There would be q spirit or &C
ff,ifv whenever the bears renewed their
raid and apparently the desire 20 sen
only ceased when the bears ceased. IN ~ ~,
tfrf no oxamnlc bv short selling. mi
caro Gas continued TO occupy by Tar inc
largest share Of attention, and RANGED
over Az points during the DAY. LRrEe
tSp popen6r o. SO So that .he intia ale was
M fractional advance over iast, hisnl
close But this was the highest ono'55llon
fnre was al a level considerably over II
u0int below the last night s. close ous'I,
which came next In point OF activity, was
also under very heavy pressuit~ anu u
rlinod ~ one time three points Dtlo"
last nights level. The frmest tone OF INC
market during the day was in the last
nour. and 10 looked as though prices woulu
so allowed 10 recover 10 within q fraction
of last nights close. but a renewed orlNe
On tho last ten minutes OF Taolne kh2che1
the toilsOmo climber again. Net losses
rapccd from / 10 . per cerd. In IN" most
active stocks I'm the list. The southern
railroads and the southwe sberns ana Some
~ the coalers showed the greatest weak
noes i'm the railroad list anhattan was
aieo quite severely handled. There was
rto reflection Of any development IN az
ire Of the day. hut the market remained
,sboit, professional. This fact was dem
orefrafod with sufficient clearness that
--acfordav's recovery was not resuhp-
fInm OF sustained uIlNhiN 'bAA 81 VI
brf was simply professional nthlptla
tlCn 10 cover short contracts. which nad
bcon freely nut out Tor DAY or Two
previously The sold Whlch CIV, was Sn arli,.e
fo-Tav 5000 0C0 being deposited IN the
Assay Office and $1,000 IN the clearing
house vaults. The money market c1nl
firuoe eaev though. with no appreclable
cbanre in rates Sterling exchange was
steady in spite Of the advance 70 . per
cent I'm the Bank or England rate on
discount No further engasenetiiiS OIL ere are
Tor import are annornceo. Out theE "Ic
corsidered likely before the week closes.
and the sharp fan in the rate or eNchanse
~ Paris leads 20 the supposlti.n rll"' ,rts
trs1o statement for September, issued
hv tho Government. makes II likely thaI
the Increase Of exports over ~ unpoi I ~ ~, loi
that month will be SDeVpD, against
reerf,- Ell OOO OOO for August and over
sf7 OO0 600 for July. The delayed common
movement, which has not attained lts
EN- force insurcs an addiuonai heaNy
trade balance I'm favor OF TINS country lor
Dealings I'm bonds we're on reduced
scale. and the tone was Meah' 'i Totsi
sales 81 go. 900. United states bonds. olu
a. were advanced *.
The total sales o STOCKS to-aay W. W.
eo1 ego shares. Including Atchlson pre-
forred II S31: Chesapeake ond ONO; b.u.O:
louisville and Nashville. 1870; missouri
Pacific S78I Norths6ern P PachG 1s pr1le'r11u
o07 81 Paul sc $50. Union Pacific, l2olo;
nav state Gas. 5445; Chicago Gas. ~ so;
sugar 1902. Western Union, 900; chi
caro Great Western. 1lj4o.
MONEY AND FNCTTANGE.-Mon on
caU steady az 2ikN3 per cent; last loan
~ nor cent. and closed offered az 2@u3
ner cent; urine mercantile paper. 400
rer cent Sterling exchange steady, WIN
actual business I'm bankers bills al 4NiSs
f0r demand and ut dSi%nfS2 for sixty
1Npl.ff iA-tla and 4N.lff
4es1t. commercial bills. ASH. silver Ger
,i0cateq. 5-H0IS. Sar silver. w, Moxi-
can dollars. a. Government bonds firm,
state bonds dull. railroad bonds weak.