The times. [volume] (Richmond, Va.) 1890-1903, 1897-09-19
FlNANCEAND COMMERCE
THH CLOSING QUOTATIONS or
MONEY,
onerlngs and Sales at the Richmond To
baeco Txchange-internal Revenue
Coiiections- Foreign Advances.

INV YORK. Sept. 1S.-The Evening
poqfs London financial Cablcgram says.
Tho stock markets were quiet hut tn'u
to-day. and the outlook is firm. barrinb
srv disturbance in political neWa amer
icans were action, although nine OF cF.l
Ten men cannot ten how Tar inc hutni
price on New York English accp.I,,..
Undoubtedly operations mere ore r.l'll.lb
on New York account although LnsA.'
realization on high-prlccd shares cor
tinuCs. and cheaper shares are al.o p'etl.
here. Those who arc most sanEuihe aDyul
Americans apparently base tneH WV
mainly ON the idea that Now YORK IS lo
run London ont Of stocke. Renee we p,1f,
kew 90 tho position is furnished az e'Cn
settlement Tho discount market p u.l..l
steady. American bills 90 arrive ten o'y5
hence are quoted az per cent or Is
iooor fbon vrefordnv. a considerable
amount OF gold is now being shipped 10
india
Tho Financor says.
That prceonf advancing rates Tor money
are well justified as shown ln lhe .,--e,,
mont of the Associated Banks or ~"
York city for the week ending SEP. i'.O.
18th There is nothing 90 Indicate |n
carly cessation Of the demand ior Iui ,r,
az interior points The interior n"nh, "l
drawing down their deposits POO Nc" i.,N
very rapidly. TT tho siat eIn'ul -.
NNN00MN NINIfINIIE IN I" '..'.N
will be advanced 90 % hghel I-.i i,,..o,,,,.
that now prevailing. but this cnnluttNDl
will only hasten Che time OF koIu i.ii 49,
with "a consequent decline lh Vuu'
Tint there viii Doe amy sir'nschcy is .i"
probable The continued eApiul TOT, pm &
stock market confirms this Wow. foi tlt
first Nmc iu their history, perhaps W.
banks now hold over ~ per cent; OF df 'a tbG
fan crop movement circulation Us exc
panding.
Tho feature Of The dealings Of today S
brief session of the Stock Exchange was
dated Gas stock. The stock had lcen
comparatively steady ~ about ~" hiht'
SIS jump of 20 points carly ln lhe ",,N.
But n took "a violent fan to-day or over
10 points from the opening. inc Ndilt-
N0ns in price on tho down grade were MS
high as three points between consec utNe
Falcs Tho stock closed az 10, net u'-
cline of six points lts eccentric move
rnentg served To- uueottIc the whole mar
kot. and discouraged trading generally.
The market saErcd some what. D ht ir vas
an uudorfOuo of hcaViuCss. The lnulcd-
ttore eiluniiod hv the bank statement that
rates for money would rise iurlncr lh
tho near future served as thech ON
speculation. and helped the decline in ine
final hours. Manhattan suffered n shNip
decline of g7t The common reacted some
what from Yesterday advance. 'hcaho
Great Western manifested strength 10 DIS
August statement and burlington was
carried above ST. Paul. buf closed a frac-
ton below. Union Pacific was under pres
suro of London selling 10 realize ulicI
yesterdays heavy buying. B9ltm9fe ehd
Ohio ICFc UoInt ANA reacted, ana l'iiu
more and Ohio southwestern preferred
rose over two points and retained Itac-
tic0ll ali tho gain.
Pffgburr and g.. c.. O.. and St. Louis
advanced two points. Ihe NorlaeIn r.
cinc stocks wcsc heavy throughout ne
dav The close showed pri-cs L'rerally
below last nights close. Ihe nehet llHl
the tcars' l0nc-cxpcctcd reaction vas que
has been AUGMENTED from time 10 Time
This week. and "a short interest shown IN
somewhat arrrt eIVo moods. Hnc bears
were not much encouraged "y ll"I 'l-
forts made ou Tuesday ana on Monday
when they were routed ms n result or "
elarp ZEN in exchange and the prediction
that cOld-ImuOrt movement would soon
set in.FOr the rest of inc week tnt
market was irregular, ana .ndfp adN'ii .cts
occurred in different stocks tltoethout
Inc ust while other leading stocks re-
manned at an unchanged lowell There
,pae heavy Uuui1atiou iu IIttsnurc. ana
Tho efondlucss with which the offerings 10
realize were absorbed is striking tt7il-
nouv f0 tho continued hre1dth ana
strength of The support some or the
most remaIkahI. of the ndNiH'.e laE'
hocn well retained. and the level OFT me
,narirf is decidedly higher chan "a week
AGO Consolidated Gas is the only one
of the stocks advanced that has h3d
serious setback The hEh price. 'l nalF
stocks are based ON expectations on ili
creased dividends. but h no tb. . .ll,,
prospective increase lh i9o ,' ,'o' i,.n
Co the increase, Mhlch h"l '5"'n pi-,
in the prices. l. mere +5,ot .,., NICE
iheIeIoIc. LOT ,l', ~ D., iigLar iny.l -h1n is
warranted. ihe aiE'll'I'' ANN
tho other h'1t' Iudl NV, ',,,.,,,,.,,,,,tl,,
ON inNcslm' '" WY. . i,,,,.i -i.1ra'
lower basis QUO ioI- t''''' 7.7 a.
tiOn in the money "-li h5' it'
The Same conviction i"-uil '''N 1,o
mcnt. however gives 'Nlu'u'r w
rapid absorption OF ldlc W'u,f . .i..
growing needs of commerce ano luuNs .ts,
- rs evident aI %, rom ,'' ,.i
exchange InaiNe. VA, ,.' oe tbis carntr-,
stands as "a safeguard afalnst .HE slll'-
ecncy in our money i''''l,' i.ri, 80 i.a,lic,
for tho week lot 'N. "..lr. f-t etor,,
stocks are small. hui ltW -'D o.. . ..I
large gains. QuIic huii'"' t-t.. L',.Ee
neglected ana l'W lIl
been carried ca ilAl I',''' ,. t.,.,.
The cuisines ii u'l.". '...i ODD. Am
but advances W'I' '., "f H. eroo5ia-
prodt-taknr Dealings in Government
bonds have been dull ANA prices ere un-
-,
CO.,. - rfoot.e today were Hlf0 ll
49,, t.l1,,.rfr,- Afchfeou 1O309. Chcsa-
49,, ,,1 ohio --O. Chicago Hurlinr-
A''.'if' f..I D ...rt.trfff..