The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-19
FINANCEAND COMMERCE
gHE CLOSING QUOTATIONS or
MONEI.
Offerings and sales AZ the Hichmon"' 10
bacco Excbange--Internal Revenue
COLLECTIONS Foreign Advance

NENv YORK. oct. iS.-Thc Evening
Posts London financial caDlcf.en SAY 49,,
Tho stock markets were quiet out HrH
to-dav consols leading on Government
6r,-ir@ NVcet Australians were buoyant.
a featHrc was a sharp rise IN AfsthtHo
rails. Americans were better 1ho tne
tone a. the close was STEADY. nc jpn
ion here on the market b. that the shahc-
ont In New York As practically over
Dealers. however. do not back their opin-
!on with much buying, apparently u
lorring 10 await more dehni'e le@1 'D fos
Kew York Gold Is In strong demana 'vs
Russia and Germany, and the prey ~
now 30 high as 90 forbid buying ioi sc"
York at present. The actual decision pl
the Cabinet as 10 silver rs no. h"O ~
mere a. Is generally believed that tno
Trdia minis will not be re0pencd now.
but N Is feared that the matter has been
left open Tor future discussion. inc f"iis
and Berlin markets were quiet
Tor the first time IN several weeks
prices of stocks were az no time uuiihs
nc day below the level Of those preNaillns
occasional slight reactions to-day, win
no better apparent cause tndh SgInpa-
Thy with Sugar. which was llael marc
IDLY strong. and was turned hach 70
Aer only by pront-takiug Speculation
halted during the morning In expectation
OF "a decision 10y the supreme Court az
washington In the NenISsh al, n'd dcciaSon
ii expected 70 be I'm favor Of the rdii.
,oad. and was looked 90 give an upward
impetus 20 prices. the announcement lhat
the handing down or inc oeels'0 .,l , he1
been postponed was followed by decldcd
increase in the activity OF inc ftihhs an
activity attending the rise or prices IN
stead Of the decline, for the irst time pm
many weeks. The strength OF thc
granger stocks and the awakened Interest
In the Naudcrhlts were very notapic
The vigorous upward movement OF lila
powerfully influential group causeu I.
:-ains In nearly all the active stocks
cuualling at least a point, In several spe-
Cial cases cQualling OF exceeding lWo
points. a feature Of the market quite as
striking as the strength Of the railroad
stock was the neglect Of the INDUSTRIES,
except Sugar. as compared with the re-
cent trading, and even Sugar showed
falling OF in activity as the progressed
and tho frhuing I'm the railroad stocks
DEVELOPED greater animation chicago
Gas. which Of late has entirely over
Swallowed the rest Of the market. to-day
feII into innOcuOus dcsuetude, and was no
longer available as an instrument for the
bears 60 dCmOraliZo prices I'm the general
LIST Its total range Of price was only a
small fraction, ana inc sntll NoluihS VI
irapfdCtious In ~ looked almost IKE
neglect, While Sugar was quite active
and moved somewhat irregularly within
q range of nearly three points, II showed
sufficient strength TO aid the rest OF the
ust by sympathy. and closed at net
gain of 2.e. The money market was no
tlccahly easy, which was an ddultlOhdl
incentive 10 a renewal of speculation.
Yam loans were quite freely made at rates
below gis per cent down TO per cent.
Outside banks also continued bidding IN
This market for mercantile papers, anu
are fhus releasing considerable sums of
money 10 the New York banks which
are available for loans in other depart
rneuts. The statements of railroad earn
fngs for the second week in October,
which were received. all show continued
marked increases over the correspond
ing period last year. The soft coal roads
sht n a noticeable recovery from their re-
cent heavy depression. The september
statement of the Pittsburg, Cincinnati,
Chicago and ST. Louis caused sharp adj
Vauces i'm the stocks of that company,
The preferred rising 2l5 points. Pullman
advanced 3Af and Susquehanna ana west
crn preferred "a. While the character
of the trading to-day did not go outside
lhc professional limits which have marked
10 for several weeks. The undertone OF
strength of the market showed the prac-
Teal cessation Of the manipulation ny
She rcactionists.
The bond market was not very active.
but / .ces were generally firm. Total
sales 81 500 900. United States 5s were
advanced u bid.
The total sales Of stocks to-day were
1851 shares. including Chicago curling
ION and Quincy 1j.Sl9: Louisville and
Nashville $500 New York Central. $50;
Missouri Pacific, 1920; Northern Pacific
preferred. 1864: Rock Island. $50, St.
Paul, 1910; Union Pacific, $500; Chicago
Gas. 1908; Sugar, $1,000.
MONEY AND EXCTtANGE.-NIoney on
call easier at 2N2l2 per cent; last loan
OF 2i5 per cent. and closed offered at