Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-11-23
STOCKS ADV ANCE
hulk OF DAYS BUSINESS, THOUGH,
LESS THAN BEST PRICES.
YESTERDAYS PARIS "PAKE."
It's Exposure Tends TO EmphnsAe
Openfnr Rise, and shorts Hasten
en- Cover-Crain and Provisions
Very strong-Other Markets.

NEW YORK, November 22.-Prlces were
sharply advanced at the opening Today
and for a. number OF stocks closed rear
the best. But the market. in the mean
time went through a period of depression
and the bulk Of the days business was
done below the best prices, and in some
very prominent stocks below last nigats
closing prices. =,
The opening advance was emphasized
nv the discovery OF the spurious charac-
ter OF Yesterdays report of senior Moh-
,ero Rios's refusal to proceed It'll the
neace negotiations at Paris. The teats'
who sold short yesterday, FASTENED 10
cover this morning, and there were' pe-
sides. a large number of orders with COM
mission houses from the country. ROCK
Island Atchison preferred, Baltimore ana
Ohio. Denver and RE Grande preterreo'
and Norfolk and Western preferred, were
-, about a point, and Federal Steel pre-
ferred. Manhattan, Tobacco, and People
Gas rose from / to 2 "a points each. Snis
sharp advance in prices invited rea1zlng
on n very large scale, and there was III
addition renewed heaviness in The North
| western railway properties. on revised re-
| norris Of an embittered war in prospect
between Northern Pacific ana oresoh
Navigation and its extensions ana inter
| ests Very marked weakness also deVel-
oned IN Federal Steel stocks, The prefer
red stock dropping off 21-2 per cent
! q,bera was a very marked falling on III
| The lately conspicuous movement IN Az
| Gibson after the heaviness developed III
| the general market had decreased.
BIG BANK CLEARINGS.
| Neu York bank clearings to-day were
| 600 600 900. This activity in the local mar
ket the slight disparity in rates between
here and London, and the nature OF tne
nrivate discount rate in Berlin 10 fully
respond 10 the advance in the BANK rate
| there. led to an easier tone IN the ca
| change market to-day.
| The bond market also showed decided
activity to-day, and prices declined al
some points while advancing DIT others
Total sales, s4,520Ooo. United states Sc,
combs and the SIS, registered, advanced
Is while the 3's and AS, reglstsrsu' ue'
clined Is in the bid price.
The total sales of stocks to-day were
5o5 GOO shares. including Atchison, LAO
do preferred. 6S,40i; Baltimore ard ONO
7nO Chicago Burlington and quincy, H.
10: Denver and Rio Grande preferred, o.
$50: Erie first preferred, 1893; LouisV III
and Nashville, 1856; Manhattan, 900
Reading first preferred, $40; Northern
Pacific, 1925; do. preferred. S.62l; unioI
Pacific. 1885, Rock Island, 1880; -. PAU
7.755: Southern Railway, 5000; do. pre-
ferred, 1882; Texas and Pacific, $3.50
Federal Steel, 1856; do. preferred. 2,sh
Peoples Gas, 16,725; Sugar. 2O,S9i; Western
Union, 5.95S; Chicago Great Western, 7Oo
MONEY AND EXCHANGE.
Money on call steady at 2a2 IL re-
cent: last loan at IL per cent; prime
mercantile paper, 31-2d4 IL per cent.
Sterling exchange heavy, with actua
business in bankers bills at A.So Lao
si.S51- for demand and si.S Ia Tor SKI!
days; posted rates, $iS2 l-2qs4.sS and SiSol
4.S6 IL; commercial bills, s-a. =,
Silver certificates, 60 1-2a6l IA. Bar sii
yer. GO SIS Mexican dollars, AZ 1-s.
Government bonds irregular. Stat
bonds firm. Railroad bonds irregular