Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-11-25
MEw YORK sock MARKeT.

NEW YORK STOCK MARKET.
New YORK. November 24.-The stock
market was active and while inclined to
weakness at first became decidedly
strong later and almost eyerythingis ma
terially higher than Saturday. As yet
the monetary situation in Wall street Is
not quite satisfactory, as there is no time,
money in sight and brokers are still very
cautious about buying stocks on margins
TO carry when they must be dependent
upon call loans This phase OF the sit
uation gives the bears encouragement IN
the face of recent developments and
keeps them aggressive to marked de-
gree. Confidence in general improve
ment, however, continues strong espe-
cialy in stocks which have best with
stood the late severe depression, such rs
Missouri Pacific, Union Pacific, ST. Paul,
Wheeling and Lake Erie, and some
others.
THE opENINd RAGGED.
The opening was very ragged, al
though there were some marked gains,
such as IL in Jersey Central and : IN
Canada Southern. Tho pressure to sell
induced some realizations by long hold
ers on the advance of the past week,
and the selling hUmor was increased by
the announcement OF the suspension OF
Edward Brandon, an old member OF the
Exchange and a man Of general popu-
larity. The bears made strenuous ei-
forts to show that it was bull failure,
and the sales of the securities which no
had been carrying gave the market a set
back. These securities we're oil inactive
and priced stocks which have been
hard to borrow upon lately and thus hard
TO carry. Nickel-Plate and Oregon Inn
provement, which have been dull and
| dropping, composed the bulk OF the Sc
curities sold out for this account under
the rule. Nickel. Plate first preferred
sold down from 81 TO 80, second pre-
| ferred from y TO 81 and Oregon In
proyement from l2I to 100, while the
other stocks sold materially under the
market. The bears again concentrated
their forces upon Rock Island and
forced that off from 67l to 6li, the rest
of the list yielding from I to Il per
cent.
EXTENSIVE PURCHASES,
Concessions, however, again brought
into the market good buying, and for
the remainder Of the day there was ex-
tensiye purchases by those in whom the
feeling prevails that the impending ad-
vances in rates in the West would lead
to large investment buying OF many Sc
curities. The buying was also 10y some
of the strongest parties in the street
The bears soon withdrew their forces II
the face of the element opposed to them
The course OF the prices for the remain
der of the day WAS steadily upward and
the gains from lower prices were iron
| to 3 per cent, st. Paul and Roch
Island leading the way. The Changers
we're most prominent IN the rise, but the
whole list followed, and while Rock
Island again ran off over | per cent just
before the close top figures were very
well maintained. Leading stocks are
still inurgent demand in tho l. 1 crowd
Burlington at u premium OF l 10 anc
Illinois Central and New York Central
OF l-32.
MONEY EXTREMITY EASY.
Money WAS at no time above 5 pei
cent, ruling extremely easy throughout
the day. The close was active and strong
at about best prices. The trusts Were
very quiet but the decision againt the
trustees. on the motion h. vacate the IN
junction rendered sugar quite weak anc
| it shows loss for the day OF / pei
cent. The list, however, is almost IN
variably higher, and Atchison Is up i
st. Paul. q Southern Pacific aud Bur
lington, each p ; Missouri Pacific, 2
Union Pacific, 2 Louisville, ]. North
western and Northern Pacific preferred
each IL; Reading, IL ; North American
l per cent, and others fractional amounts
Sales-Listed, 10000; unlisted 24,OOI
shares.
MONEY AND EXCHANGE.
Frening. Exchange quiet ut 4SOii
| 487J. Money easy at 3a5, closing OF
fered at 4. Sub-Treasury balances
Coin, SlA, 316, 600; currency, 50, 733, 900
Governments dull but steady; I pc
cents, 1905 as, lOl. State bond
dull but steady.