The times. [volume] (Richmond, Va.) 1890-1903, 1898-10-28
TOBACCO AND
SUGAR ACTIVE.
These Stocks Were Traded in All
Day at Reduced Prices.
RAILROAD STOCKS IN DEMAND.
All the Western and Southwestern
Roads showed Strcngth-Eastcrn
Lines Were Affected by Adj
mittcd Bad Rates

NEW YORK. oct. II Tho stock mar
ket showed a continuation OF yesterday s
strength to-day. and tho speculative ac-
tivtfp broadoncd out considerably In addi-
ton There was not quite such con-
gasIiou OF trading In Tobacco and Sugar.
although those stocks continued 90 be the
leaders In point OF activity They were
traded I'm nearly all day at level below
yesterday close. although each stock ad-
NnnrrI sirhtlv above Yesterday price
for "a brief interval The covering of
shorts. which caused yesterdays rise in
Sugsr LEFT that stock weak again, and
tho extreme decline from the high point
was 80. A rally at the close leaves the
net loss 1a,. Tobacco was under pressure
on The suppositiOn that the recently in
Corporatcd company Is destined 20 be a
powerful competitor and On denials OF
a-cessiOns 10 the American company OF
outside plug tobacco companies The
stock was at one time on 2A but closed
with "a small net gain. In railroad se-
curlties the continued dulness and hesi-
tation on foreign exchanges with without
effect There was large demand for
quite m extensive list OF railroad stocks.
the grangers leading. with pretty much
all the western and southwestern roads
showing a good tone. The eastern FUNK
lines continued 10 lag Oh account ~ the
admittedly bad rates in that territory.
s. Paul was the leader in the railroad
list and the movement II the stock was
supposed 10 f0reshadOw a good September
statement due tomorrow The gross in
crease Of that period Of earnings IS known
90 be well on toward SJOO.OoO and IL Is
surmised that the statement Will show
reduction In the recent heavy rates or
expenditures for improvements charged
% operating expenses The September
statement OF the Union Paciuc. while
showing decrease OF over S4f. OfD IN
gross earnings. showed operating ex-
pcnses so largely reduced as 10 leave an
Increase In surplus earnings Of $ll2,51i
The decided movement OF cotton now
coming forward and tho decrease Of yell
low fever foreshadows good earnings for
southern and southwestern railroads.
The easier tone to-day OF sterling eN-
change was the direct result of the Gamer
feeling in Paris. There was heavy de-
mand for sterling exchange here yester-
dav for Paris account. which sprang from
the same cause as that which lifted eX-
change on London in Paris above the
gold export pOint-nameiY: The pressure
10 transfer funds from Paris 10 London
IL is now known also that the violent re-
covcry IN British consols was partly due
10 buying for account Of timid Paris
rapifai because Of dOmestic disquiet. and
not altogether to the relief Of the Anglo
French tension over Fashoda.
There was q good absorption OF railroad
bonds TO-DAY. and prices are generally
higher. Total S3.4s0O0O United States
new as coupon. declined y: do regis
tered. x. while the rs, registered, adj
vanced Z in the bid price
Tho total sales OF stocks to-day were
357 900 shares. including $3.50 Atchison
referred - 49, Chicago. Burlington ana
quincy. g257 Louisville and Nashville.
10 PRS Northern Pacific. $3.50 ST Paul.
1910 Union Pacific preferred, 1000 TO-
hacco. 5ffj Peoples Gas, 5000 sugar
and 10 2OS Rubber.
MONEY AND r.TC11ANGE.-Wo on
cali steady at 1ai62 per cent; last loan
az g., per cent: prime mercantile PAPER
84Hfl per cent Sterling exchange
hoavv with actual business iu bankers
bills al SfSjh04 SJiI for demand. and al
81 sGiaAe7. commercial bills, f.s1Ni STA
silver certificates GOa61i5; bar silver,
e1L. Mexican dollars. 3lA.. Government
bonds weak: state bonds inactive; rail-
road bonds strong.