The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-18
MARKET HAD
FIRM UNDERGONE.
While Early offerings Were Heavy
Prices Of Stocks Generally Rose,
BOND MARKET STILL STRONG.
Yesterdays Losses Being in Part Ec-
trieved-Thc Local Money Market
Showed no Signs of Further
Hardening Exchange Strong

NEW YORK Nov. 1.-THE results Of
tO-uay's STOCK. market operations were
rather inconciusiFe, except IN so tat as
thDy showed O. continued ana llNe4y IN
fercst ON Inc part of the outside public
ia securities of an grades. So. FAR as
prices are concerned, net changes are
rather mixed. though the majority are
ON the side of gains, and these I'm some
cases amount tO per cent. or over. The
early period of the market showed the
heavy offerings 20 realize which are at
an times usual in The upward course Of a
real bull market But even while prices
earged 40 some points. with the EFFORT
fu absorb The offerings, other stocks were
mounting upward. maintaining the un-
dfrf0uc OF urmncss. The very notable
movement in Atchison preferred was CON
tnucd from the outset, at which time
running purchases carried the price up
O.. Tho gain was subsequently extended
t0 Ia and the net gain is almost "a
point. There was very heavy demand
early in Denver preferred. which had
been marked up before the opening hour
ln London This stock rose am extreme
? points and Norfolk and Western pre-
ferrfl lA Baltimore and Ohio. Paciuc
Mail and International Paper gave tone
also 90 TOE early market. as did an up-
ward bound Of 39t I'm metropolitan Street
railway. Early weakness in Tobacco and
the reaction in Chicago and Alton from
It's recent advance had an unsettling cf-
feet in the first hour. In the second
On hand, and Burlington and Rock Island
were pushed to the highest prices Of the
year Some Of the low -priced and lately
dormant stocks were also brought INTO
The movement. and advanced 20 higher
level. There We're conspicuous advances
also in New York Central Pennsylvania
and Canada Southern. 81. Paul ana
Omaha and ST. Paul preferred sold no
l07. AN advance of points. and the high
est price on record. The late reaction
was induced by the persistent weakness
OF The Northern Pacific. and the uneasi-
ncfs thus caused in The minds oi holders
bv rumors OF discord and a prospective
outbreak Of n0stilities in the northwest
ern railroad world The aggressive buy
ing OF Peoples Gas up 10 1D1i2 IN the
late dealings rallied the market ana
made a firm closing I'm spite OF the late
weakness iu Delaware and Hudson and
Sugar The local money market showed
no further hardening today and the
nrmncss 0f foreign exchange indicates n
resumption Of the holding back Of bills.
The Jewel of the LonuOn money market,
which declined appreciably to-day, is
now SO near that OF New YORK that
stringency in the local money market
could find relief in gold import move
meut
The bond market showed a recurrence
OF It's recent strength. yesterdays de-
cilues being in part retrieved sales
5000 600. United states new As cou-
pom. and the 3 s. coupon, declined 4 and
tre new As registered Is IN the bid
price.
Inc total sales Of stocks were G37 100
shares. including - 49S Atchison. 11s92S
hfchisou preferred. BOSS Baltimore and
OHIO G5SJ Canada Southern. $3.50 Chi
liEo Burlington and uincy; 150B Den
yer and Rio Grande. 1920 Louisville and
Nashville Z 535 Metropolitan street rail-
wav 7.s45 Missouri Pacific. 500 New
York Central 1880 Northern Pacific,
s03 do. preferred. 32G7j Rock Island
a5 92o ST. Paul. 3.2i7 Southern railway
preferred. Is $50 Union Pacific. n 800 In
iarnati0nai Paper. 0.22O Federal steel. H.
90 preferred. 2G.440 Peoples Gas. 1925
Pacific Mail. 3G215 Sugar, 1000 Chicago
Great Western.
MONEY AND EXCHANGE Money on
call easy at 202it per cent: last loan 40
. per cent. prime mercantile paper. 3N4
per cent. Sterling exchange hrmer with
actual business in bankers bills at 49,
al S5i5 for demand and at SiS2i for sixty
days. posted rates. Sts3alSpl. CONNER
cial bills. 50 s1t5f74 81 Silver certificates
cor GGftb. bar silver. COS. eXican dollars