The times. [volume] (Richmond, Va.) 1890-1903, 1897-09-28
|FINANCEAND COMMERCE.
raB CLOSING QUOTATIONS. or
soxIr. ~
oasrsnes aud sales at ihS niein' ond To
haccs Exchange-tntcrnal Revenue
COLLECTIONS Foreign Advances.


Posts london financial caDlcgram says
The stock market WIS idle here to-day
pending the sediment which DcSahs W.
morrow. and the Hebrew holiday. INC nc
tone, however, was steady AmetlS1ns
opened dull. itter recovering, then NeW
York sold THIS afternoon. ana prices Werc
merely Steady at the close iib Vp,.s,o 'us
fall due tomorrow on Louisville, ~. I"ui
and Others. and inasmUch az profits We're
secured some time ago. these SHARES WI
not have 20 be taken In. then Will there
fore probably DC less scarce tor delivery
thar AT The last account The mining So
tIcmcn to-day was featureiess. is' 49,.
were fairly stiff. Tomorrow money rates
may possibly 50 X pr cent higher 1ois9
was ia less demand to-day al ils. 100.
There was falling of In the supply OF
American bills. The Paris and beriih
markets were quiet. -
An article IN the Journal Dcs Debats
limiting that the French mint might DC
wniinE 10 open silver at the ratio OF
1915 10 excites discussion here
The STOCK market to-day showed very
marked falling OF in activity, the tolai
sales OF stocks reaching only 5VVD
shares. The diminished activity was ~
part due 10 toe obst fancc or the jews,
New Year holiday by many brokers s 5ip
operators BIT there was besides us
position on the part OF many large inter
ests which have recently been aSliN. III
tho market 20 stand asloe iot III. Wy n, ,,
being and allow prices 10 take their owl
course Tho professional element Whlcn
has now very generate esDO1sed the bear
SIDE was not active to-day. Prices rose
after tho opening In sympathy with quo
lofions received from London, ana therc
was btying also for London account here.
Later some leaders professcd TO be dis
appointed al tho size Of the increase
shown in the August gross earnings OF
Omaha. and that stock was sold down
Tbe decrease in the freight n the south-
east as compared with last week WSs ais1
for ICnTo-SInn oil
the price Rock Island was one OF the
stocks under special pressure. Ihe mar
ket reccdcd below Saturdays close Hnder
the influence. the decline in Rock lsian9
attending to IL. but only TO fractional
amounts in other stocks. There was also
n recession from the best az the close
10 that tho extreme advances during the
dsv considerably exceeded the net gain.
Ali the general news continued 10 ltNor
advancing prices and free from prOles-
SIGNAL pressure, the IEarket auNanv &c ~ IN
hay The money marKet continued 10 At
tract the greatest share OF .i,terest, as
the future course Of speculation is teit
money money The tone Of the market was
somewhat easier to-day, but owing 20 me
lack of animation I'm the stock market
currency TO the interior continue in large
volume and K Is believes this demand
will not be exhausted for some time yet.
Several Of the leading banks in the CITY
the % per cent. limit and several others
have almost exhausted their surplus re-
Eerve II Is behcV ed that further con-
traction OF loans to a considerable amount
viii be necessary TO provide against with
drawals for use ia the interior. In lOok-
Ing for relief from possible stringency TO
imports Of Colds, Il IS felt that the COM
parativc ease OF the London money mar
kct must be considered as In some sort
fictitious the rate being kcp. down with
the purpose Of aiding the indian Govern
ment In floating its lOal
Russia and ACSt-a-Hungary have
lively competition fOr gold, and as there
rs large balance in the Bank Of Eng
land which Japan has the power 10 with
draw London. in fact. fears dear money.
and tits believed r'ithdraws of gold on
n large scale for shipment TO the United
states will preciptate q sharp rise in
the rates for money. and would thus in
ducc the leaving of funds there by Amer
lean creditors. unless the money rates
here was sufficient 70 counterfeit this.
The foreclosure sale Of the Mon Pacific
and the withdrawal Of S3O.cOo,OOO or S40.-
100000 Of ca-n while Il was necessary. is
matter that looms in the perspective Of
tho money market situation Under these
conditions II Is believed that there will
not been any such Immediate resumption
I'm stock speculation, as has character
lied the market for many months past
81. $50 shares. including Atchison pre-
fcrred, 1928; Chesapeake and Ohio,
B.72S: Chicago. Burlington and Quincy.
1082S. Louisville ana NASHVILLE, i1.il1,
Manhattan l., AGO: Missouri Pacific,
800; Missouri. Kansas and Texas pre-
ferred. 1901: New York Central. GOO;
Northern Pacific preferred, 17.175 North
western. GIG; Reading. II 800; Rock
Island. 81 ABS; st. Paul. %. $50; St Paul
and Omaha. 6,2SJ; Southern railway pre-
ferred, Z .44G: Chicago Gas. 1850: Chicago
Great Western, $50: Western Union,
$50
Railway bonds declined early IN SYM
pathy with stocks. but recovered later.
Total sales. s2.5OO,0O0 United States IS,
coupons. 1897, advanced Il.