The times. [volume] (Richmond, Va.) 1890-1903, 1897-07-27
FINANCEA COMMERCE
TINT CLOSING QUOTATIONS OF
MONEI.
Offerings and Sales ut the Richmond To-
bacco ENchangc-internal Revenue
Collections Foreicn Advances.

NEW YORK. July 26.-Tho market end
"a in a draw. with the advantage slightly
IN favor OF the bulls. The confused ana
irregular sharp declines and rapid rccoN-
trios alternating. commonly calico -
rrlss-crOes market continued through tnD
nov With Congress adjourned ana thc
tariff disposed of. professional specuiaa't'~,,,ss
uuoadCd and sold short Local Icao 49, 49,
were helped hy London proh' 'aN. .,l
falCs from that quarter amounting 70 ~
oO0 mus dispclUnr Inc idea that buy
Ing movement might hc expected, u'."r. -
Of to-m0rrows settlement 10 COVE
rentlv supposedly short sales - 49,.
OF reasons were assigned iot 49, 'be
pessimitlc views. among when We -
Scnatc's non-actlon on the cuIten'f ~,
rage. the Japanese Hawaiian al.II' - 80
more generally 10 was attHuu''u !" -
regarding the effect or the t"i I ~. in
mcnt as already discounted il'e,9
the local market rcccdcd about "A pviu
tho grnnccrs especially suffering on -
Vatc reports ~ crop DAMAGE INC WI
opening. however. temporarily "tlDlt ,,
the market. having caused INC cl".' ~ h.,
ton 81 such selling orders as were 20 Do
executed at tho markets opening lo-uaE,
provided prices were hlthfi' i"ii""E'
rallied cascd off again. Iheh crop ~
vices were more favorable ana Miucy
distributed purchases of grangcrs' SUNNI
lated bv to-days early advance pm Wht@t'
benefited the general market. Tx eiSINV
buying OF tobacco on the hheuioou tn"'
Tho company MNNIN If Tree ll'tH "iit"t
uistic legislation caused gu the company
securities TO rise sharply. reports OF
earnings OF the third week In July were
almost uniformly good. In some cases INC
Increases were quife marked. Delaware
and Hudson was strong. the buyers Civ
ing no other reason than general improve
mCnt in the coal trade. but 10 was rea-
SOnCd ON the Stock Exchange that impOr-
tant developments might occur at the
meeting az the company sdiroCtofS We'd
uasday The tonnage Of Reading for last
week being the largest for long time.
brought that c0mpany's preferred stock
good support This renewed heavy buy
lng revived old rumors of impending de-
Felopments in the anthracite trade. Min
pcopQlis ana ST. Louis preferred were bid
bp hy the supporters OF Rock Island. All
Eradcs Of Sugar We're advanced to-day.
although Sugar stock was subject 20 bear
pressure most Of the day. After an early
drop OF ia. "a partial recovery. IL fell
Pgain. and when below l42. the market
being full Of stop-l0ss orders. certificates
we're forced 20 the lowest point Of the
nay. lN's. Tho intelligence that a mil
Hon Eold would leave Australia on Mon
ray for America was significant feature
Or tho late news. Another was little
Hurry in caN money. 10 being quoted on
small transaction at 1i.N2. although
thore was abundance 0f money loanahle
~ ] per cent. Tho market closed with
irregular changes.
Tho total sales Of stocks for tho day
amounted TO 4i3oj shares. including
Atchison S2gS. Chicago. Burlington ana
quincy. 2n.2-o, Manhattan l.. s. $50 Mis-
souri, Poetic 1861 Missouri Kansas ana
Texas preferred. H01i: Reading. 1870.
Rock Island 5000 81. Paul. 80. 461. Union
Pacific. 1903. American Tobacco. 5000.
Chicago Gas. l4jlJ; Sugar. $500. West
orn Union. j473.
The bond market developed aggressive
strength after am early period of hoavi-
ness. which. however. did not depress
values appreciably. Tho demand for is-
sues Of reOrganizod properties and those
undergoing rehabilitation was very mark
Cd. with Kansas and Pacific ConsOls con-
spicuous FOR "a rise Of 3 per cent I'm
prOvcmcnts elsewhere were also very
$500. 900.
government bonds displayed strength
on moderate purchases. The transactions
were S2l O0O
The market price OF bar silver reached
saw bars were quoted at J9c. which made
the silver in standard silver dollar worth
45G3c. as against 5000. I'm 1874. The
market opened az 591Sc. an ounce, and
later declined 20 $3.50.
MONEY AND Observation-Disclosures on
raU steady at 1u2 per cent. last loan az
IL per cent and closed offered M ll2n2
per cent. prime mercantile paper. 3Hl
pe~ cent. Sterling exchange quiet hut
srm. with actual business i'm bankers
bills at 4S7aN4Nli2 for demand ana AT
1SGi. 1851. for sixty days, posted rates
4eTG ISL and 4SS04SSia. commercial bills,
AS5itQ4SSis silver certificates, 1JH19i2;
bar silver. %; Mexican dollars. 40. Gov
eminent bonds stronger. state ponus
quiet. railroad bonds strong.