The times. [volume] (Richmond, Va.) 1890-1903, 1897-08-06
FINANCE COMMERCE
TRn CLOSING QUOTATIONS or
MONEY.
Offerings and Sales at tho Richmond To-
bacoo Exohange-Intcrnal Revenue
Collections-ForciGn Advances.

NEW YORK. August 5-To-day's mar
kct was am Inversion OF yesterday 2 M
that IL displayed n heavy tone dutlns
most of the day and rallied strong our
irc tho last half hour. The days mex
gains were almost an achieved ~ tuV
last half hour. while 10 yesterday hI'
kct "a half hours profit t9klnh ~
close wiped out nearly ali ln' mo
gains. There was "a lcycrish zone =" i"
trading to-day % crratic variations ~
thor OF which. coming after yc~sictoas
freedom Of speculative buying. Wa l'tt.n
ed to a significant elimination OF "a ~
movement There We're tNld'h.s ~
powerful manipulation in inc "'"sN ar
further the unsettlns ~'hu,l,' ,narentlv
heavy short sellers Of the day "pl"'t"rs
lost confidence iu their theory vt -.
action and started 90 buy back tn,n
ctoCks on a fast rising math'l
covering was tho main cause w e,e
rally M fho close. But there were Hl
ciai gnuece also 40 work TO otleat t"'
efforts IL the r~cactionists. ihttc
nothing unfavorahlc in me EfntI"i
tior which thCv could hNAil ln'ihH'
fho cron prospects ana tho dcchhe il I"l
eirn exchange continuing 90 raNor n IlN'
m addition 10 this some of INC itpotla "
railroad earnings FOR the fourth week "iiu
month Of july. especially ihose OF S"u..
crn roads. were strong. h.lueiVts tn e.
nfvancc. Tim Louisville increase lh
c-arnlncs Tor tho fourth week ana coIIe
p0ndirr ncrhud Of last wear was Si'Vif"'
Tho stock responded 10 INC sli,'H,i.t
risirr oyrr % point and influencing INC
vrhcIc morfcf. other influences FOR the
fourth vrcok wcro g. and O., Si3,b49, MIS-
cou~i Pacific. $4,000. and Kansas ana
'rcvae 500. 80. the latter figure htlnE gus"
compared with tho largest previous july
week in thc company history. iht puus
gncv disrlavcd hv some Of tho indlNlduai
stocks. such ne Tobacco. Ia 'ledc pdN
and Spirits. aleO operated against the ti-
forts at reaction. ON tho other hand INC
reaction in the wheat market duo 30 proht
taking ana some falling OF on buying
orders. affected the Western Railroad
stock svmpathcticaiiy. The hcoNin"sS in
some or tho most active Industrial STOCKS
made tho vulnerable points OF attack 10y
short selling. Sugar was attacked Win
especial viC0r. and reccdcd - - from the
high point Consolidated Gas suffered
from fear ~ obstruction 10 the scheme ot
amalramation OF gas companies and
siumpod seven points. The average DC
cline in tho market worked by the Bears
was nearly one per cent. and In Chicago
Gas and Northern Pacific pfd was more.
tho latter being especially anected by
continued London selling. IondOn sold
during the day about $1,000 share Of all
stocks. Early dcclince were almost all re-
covered and not gains achieved. though
they were FOR tho most part small. Tho
Nandcrbilts responded TO the rally in q
conspicuous degree. The total sales Of
stocks for the day were IG7 S96 shares. i'm
Guiding Atchison pfd. l327S. q. and o.,
g.0f0. Chicago ~. and O.. 17.4l9. Erie. now.
5aiG. T. and n. 21.35O: n. Y. Cent. 10
400. Northern Pac.. 5.1JO pfd. 1f.120. Rock
Island. 1853. ST. Paul. 81. 800. ST. Paul
pa. 300, Southern. 1885. do. pfd. 1920:
Amer. Spirits. % $50: Amer. Tobacco. %
220. Bav state Gas. z $50. Chicago Gas.
27fS0. Gen. Electric. S264. Ia Clede Gas.
1900. Lead. $3.50. Pac. Mail. $3.50. Sill
gar. 23.S30. w. u. 5.GJO: Chicago q. w.
20.0o0. Liberal rcalizations impaired
heaviness to the dealings I'm the specula-
tive mortgages. with the losses. however.
restricted 10 moderate fractions. The
middle grade liens were not onlv firm
with some material advances registered.
The aggregate sales were S2.97O.O00. Gov
crnments were fairly active and generally
FIRM.