Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-11-12
STOCKS OPEN HIGH.
SUPPLY EQUAL TO DEMAND, HOW
EVER, AND PRICES FALL.
BONDS AGAIN VERY ACTIVE.
Prices Generally Higher, Though
Best Figures Are Not Maintained
Wheat Active and strong-Corn
md Oats n Shade Higher.

NEW YORK, November 11.-Wall street
was prepared to-day for an outburst OF
enthusiasm on the part of the general
public after yesterdays enthusiasm on
the part Of the street itself. The Gran
gers, the Northern Pacihcs, and the lead
ing southern railways opened high. The
publc's enthusiasm had apparently in
duced 1t to place large orders to buy
stocks at the opening. The foresight OF
the large operators in making the open
ing level OF the market high one was
thus justified, and they fed the eager de-
mand OF outsiders quite freely. Prices,
however. were fairly well maintained in
the first hour, though. In spite Of the
violent activity of the market il soon
became evident that the supply Of stocks
was tully equal TO the demapl. Room
traders detected evidences Of realizing
by large interests, and commenced 10
sell the market, with quite n marked eff
rect on the Changers This had the et-
iect or checking activity, and the mar
newed impetus from the strength OF spe-
cial stocks
SUGAR SHORTS NERVOUS.
Shorts in Sugar became nervous as
result Of the high loaning rate for the
STOCK. and covering Of some heavy lines
raising the price is. Union Pacific. pre-
ferred. was rushed up TO 80 IA. Brooklyn
transit above &c. and Peoples Gas above
lV'. Prices generally rose 10 near the
pest again, In sympathy with this move
inent and invited renewed buying for
outside account, through commission
houses. but the level was not maintained
in the last hour, when call money was
marked up TO 2 10 and prices fell away
throughout the list. Earlier gains were
wiped out in the Changers, the Paclflcs,
except Union Pacific. preferred, the
Southern stocks, and many Specialties,
including Federal Steel. The trading In
| the last hour was accompanied by in
| creasing activity, with disposition to-
ward liquidation
The bond market was again very ac-
! tive and embraced a great variety Of
| issues. The Atchison adjustment As
were however, easily the leaders. with
| sales Of a par value of nearly S2,eo0D.
| This bond advanced per cent. TO 3 II,
| and reacted ga in the late dealings. The
! Atchson general As were also largely
| taken.
BOND PRICES HIGHER.
Prices are generally higher, though the
| highest prices Of the day were not main
| tanned. Total sales. &ZS5.OOo United
| States SIS declined Is in the bid price.
The total sales of stocks were 7$3, 500
| shares including 12,O35 Atchison, 1915
do. preferred, $50 Chicago. Burlington
and Quincy, 72l5 Denver and Rio Grande
| preferred, b,i60 LOUISVILLE ana 4NdshNl q
! SS76 Manhattan, 30,440 Northern Pacific
! 10. AIS Missouri Pacific. 1910 Rock Island,
24.2l6 Union Pacific, $3.50 st. Paul 1855
Union Pacific preferred 1856 Southern
Railway preferred 1920 Tobacco. 3,52.
| Peoples Gas. g. $50 Bay State Gas, Lit
! Federal Steel 27,4s0 do. preferred. i.25t
| Tennessee Coal and Iron. $3.50 Sugar
! 1850 United States Rubber, and 8 $40 Chi
| cago Great Western.
MONEY AND EXCHANGE.
Money on call steady AT 2a2I9 per cent.
last loan at per cent; prime mercantile
| paper. 3Q4 per cent
Sterling exchange firmer, with actua
| business in bankers bills at $i.s5lIqSi. 800.
for demand and AS2140$4.S21s for sixty
days; posted rates, A.3aA.Si1s; com
| mercial bills, SLSh.
Silver certificates. 6OlsQ6ls; bar silver
co rs; Mexican dollars, 4A.
Government bonds weak. state bonds
strong. Railroad bonds strong.
BANK CLEARINGS.
The total bank clearings in the United
| States for the week were 81 ,256. j5S5Sl; pei
| cent. decrease, 90 Exclusive OF New
York. S523, 1864; per cent. decrease ~.
.-s-xxy vnuIr GTnCI. on iTATInNs