The times. [volume] (Richmond, Va.) 1890-1903, 1897-09-05
FINANCE AND COMMERCE
mn CLOSING QUOTATIONS or
MONET.
OnsrInrs and Sales ut the Richmond io'
bncco TachanEe-internal revenue
ColIcotions- Foreign Advances.

holiday are to intervene before u.
sumption Of trading, ana tnat io'1'1 .t,
has been on quite Cd Large scaIe "'' ''
London boueht cutie freely in This mar
ket OF the international ahaitst "'.v
huoyant tone was also shown oN w.. ,i-l,,
don Exchange. The ADVANCE D" .-t+.,,,
Pacific gave evidence OF mamp Nla'.Yi..
The motive ASSIGNED for to-day deF.il-.
was the benefit 20 result 20 llc 'on "a
fho clause 90 the tarin Jaw icFylN5
dlscriminatlug duty on loltit" go.
brought into tho country through 1,"
tfet50fie couufrv. Thc market was unatI
considerable pressure after me op..ii..-
on offerings to realize. ana o,- iiN'a Wa
general throughout me HtI l.' i
was rallied by thc advance Iu tii,, ,-,,'.,,,i
porifc sugar rose 1a, after lthNI
opening Missouri lachc auF"A.tne ~
from The low point on the report on l
earnings for tho fourth Wtck ln NUs ,t,
which showed fain of Si-V"" Oyer W.
corresponding week last year INC 'N
IRENE rise iu Northern Foclhc pi,lt5lt1
was 1ls ou sales Of a3Vr hh'i'a, "'n
tho llst ST. Paul moved Narrowly ,s"q M
low last nights close all DAY. Wapasn
common and preferred were; suo"s w.
tho August statement showing " ba.n
OF Si5atlg in gross earnings statements
0f railroad earnings puuhsheu uuilHs
-he day were uniformly IaN ~ s,,s-
fno excellent bank statement also sua-
raincd tho list. The closing showed net
changes mixed
TIE week has witnessed the liquidation
q some very heavy holdings OF stocks 20
realize profits on the rise, which com
menccd boo the prangers on Monday. lt
las progressed steadily since then, ana
has kept tho price OF recent iaNofllea
Ina the speculation more or less ocpI es'tu'
The market has been saved from large
reaction ln face Of this heavy liQlidalloa
by the sustaining force OF lndiVlalal
stocks. the prices of which nave pteh
rushed forward in "a sensational manner
under manipulation. Each day or me
week since Monday has seen new STOCK
brought forward and put through the
0perat0u. ON Tuesday a. was Sugar
which was forced nap eight points on ne"
Interpretation OF OLD facts regarding lne
probable exclusion Of duties on Iehheo
sug0r5. On Wednesday sugar was mace
10 serve the same purpose through lise
morning hours, with jump or l"tPe
points. but 10 was cclpscQ IN interest," ~
fore the close hy a bound upward OF ~
points ga Omaha on talk that the sloch
was % be- put on a regular guarantee
per cent dividend basis under O. lease
by Northwest on the next DAY ~ APP
Toored that the busy spectators had over
estimated the advantage or the lhdeH-
uitely rumored arrangement 10 Omaha
and had uuderestimatod the benefit 10
Northwest. me Omaha stock reacted
three points. ana Northwest was brought
forward for rise Of six points, the Whole
Vanderbilt group being brought mo titv
movement Canada Southern rose AZ;
G.. a.. q. and ST. Louis g, and Michigan
Central. New York Central. and the New
YORK. Chicago and St. Louis stocks Tess
amounts. On Friday ST. PAU came 10 lhe
front. and on purchases OF no less IMAM
100 600 shares rose oA polhl5 20 oiiy "a
uoiut below par. The heavy increase ITO
earnings OF the road and of all the grang-
ere and rumors of an intended increase
i'm tho dividend rate were the Impeding
causes These successive upward Douhu5
of dinereut stocks and the continuous
Humiliation which attended them have
made a sensational and extremely HIeB-
ular market all the week. Inc eItattI
uart OF the advances have been Wen Helh-
tanned. and the volume or dealings mas
shown a constantly broadening demand,
the sales on Friday approaching lhe
maximum for the year, and those To-Day
the maximum for a Saturday Ihat TINS
tremendous speculation has ABSORBED
vast sum Of money Us eNluehI from lile
clearing house statements, ana SIN more
evident from hardening of cNchanfe
rates during the week, the purchase or
securities abroad having apparently on
set the heavy foreign purchases or our
breadstuus. The absorption OF luhus mas
made no appreClAble cucct ON the rates
for money, which stil remain unpIece-
dentcliy cheap The movement OF cur
reuoy TO the interior has been larger imam
last week. but is stiu small, considering
the large expansion of business Indicated
10y clearinghouse statements OF interior
points and the heavy crop movement
shown by the traffic reports OF ihe ran
ways. The interior needs nave mus Tar
been largely suppled from Hll. .o'
sources. contrary TO the rule heretofore.
The fact that exchange remains above the
gold import point is due, ln part 20 lhe
heavy purchases OF SECURITIES p3 amen
cans IN London, each incoming steamer
bringing large cous.gumeuts. but WINE
. q I. I.. &