The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-12
STOCK MARKET
WAS IRREGULAR.
Opened High But Soon Fell, Rising
Again Before the Close.
THE BOND MARKET STILL ACTIVE
Prices of Bonds Were Generally High
or, But Top Prices Were Not Main
taincd-A Great Variety of Issues
Were Embraced In the Dealing.

NEW YORK. Nov. 11.-Wall street was
prepared to-day for an Outburst OF cEtnu-
siasm on the part OF the general puoiic
after yesterdays enthusiasm on the part
OF the street Itself. The grangers, the
Northern PacIncs and the leading south
eru railways opened high. The public S
enthusiasm had apparently induced II to
place large orders 90 buy stocks at the
opening The foresight of the large ope-
ratOrs IN making the opening level OF the
market a high one was thus justified. and
they fed the eager demand OF outsiders
guile freely. Prices. however. were fairly
well maintained In the first hour. but
ia Spife of the violent activity of the
market, II soon became evident that the
supply OF stocks was fully equal TO the
demand Room traders detected evidences
OF realizing by large interests. and COM
menced 20 sell the market with quite a
marked effect on the grangers. This had
the effect OF checking activity, and tho
market fell into dulncss until IL received
renewed impetus from the strength Of
special stocks. Shorts IN Sugar became
nervous as a result Of the high loaning
rate for tho stocks. and covering OF some
heavy lines, raising the price rs. Union
Paclnc preferred was rushed up to 1914,
Brooklyn Transit above go. ana People 5
Gas above lo5. Prices generally rose TO
near the best again in sympathy with
this movement. and invited renewed buy
Ing for outside account through commits
siOn-houses but the level was not main
tanned In the last hour, when call money
was marked up to 2lz and prices fell
away throughout the list Earlier gains
were wiped out In the grangers. the Pa
ciiics, except Union Pacific preferred, the
southern stocks and many specialties,
including Federal Steel The tracing III
the last hour was accompanied by IN
creasing activity, with disposition TO
ward liquidation.
The bond market was again very active,
and embraced great variety of issues.
The AtchisOn adjustment IS were now
ever easily the leaders. with sales or
par value of nearly $2,OD,JOc. mis- pond
advanced per cent. to 3A, and reacted y
On the late dealings. Atkinson general
as were also langley taken. frlces are
generally higher though the highest Of
The dav were not maintained. Total sales,
50 235 900 United States is declined u
in the bid price. $500.
The total sales of stocks were 733. 500
shares. including 12O35 Atchison, 1916
do preferred 23sGO Chicago, Burlington
and Quincy; 7.Zlj Denver and Rio Grande
preferred. 16 7GO louisville and Nashville,
$50 Manhattan. 30. 4iO Northern PACING,
1O475 Missouri Pacific. 1911 Rock Island,
2i2l6 Union Pacific. 1920 81. Paul, $500
Union Pacific preferred. l3.SSG Southern
railway preferred. 23,23O Tobacco, 3l,J25
Peoples Gas. 62.9 $50 Bay State Gas, 1910
Federal Steel. - $50 do. preferred, ll,266
Tennessee Coal and Iron. 1880 Sugar,
1850 United States Rubber $50 Chicago
Great western.
MONEY AND EXCHANGE Money on
call steady at 2U2l2 per cent: last loan
az per cent; prime mercantile paper,
30f per cent. Sterling exchange frmer
With actual business I'm bankers bills at
s. S5iR04S5% for demand and at s. S2i40
s2is for sixty days: posted rates. $3.50
sii3; commercial bills A.Slih Silver
certificates. G0ikQG115; bar silver, CO.'S
Mexican dollars. 47ii. Government bonds
weak State bonds strong; railroad bonds
strong.
BANK CLEARTNGS.-The total bank
clcarings IN the United States for the
week. 81 256 55S 5Sf-per cent. decrease,
60: exclusive Of New York. 1923 1886, GJf-
per cent. decrease a..