Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-11-24
STOCK MARKET SLOW.
a DISPOSITION TO CuRrAIL OPERA
rIONs ON ACCOUNT OF HOLIDAY.
NOTABLE Weakness IN TOBACCO.
Buying of Certain speciaIttes by In
terest which on Tuesday Advanced
Southern Hallway Prefcrred-The
Grains and Provisions Decline.

NEW YORK. November 23.-There was
a disposition manifest to curtail opera
lions on the Stock Exchange in the early
hours OF to-day's session, on account of
to-morrow's holiday, for one thing, and
on account Of one or two depressing in
fluences in the market, which offered
obstacles to the successful prosecution
of the bull campaign. The snow-storm
in the West. with its obstruction OF traffic
and reports of damage TO livestock, was
a disbursement to advancing prices.
There was rather less assurance felt
also that the Northern Pacihc-Oregon
Navigation imbroglio was to be patched
up. and so Southern Pacific stocks and
others concerned turned downward.
Weakness in a number of the Specalties,
notably Tobacco on reports of the
character of the opposition in the ciga-
rette branch, accumulated the prevail
ing tendency. Peoples Gas dropped off
al one time l -, and Federal Steel COM
tinued to drop. There was a marked
falling off In Atchison. preferred, pro-
badly due to the depressing influence of
other stocks.
LATENT BUbI.lSHNESS.
There was very bullish spirit latent
in the market nevertheless. and 1t turned
from these centres Of depression and IRON
the region of the snow-storm 10 other
Specialtes and the eastern railroads. The
movement was most marked in the Coal
ers. and had its inception In the Reading
issues. The buying of these securities
was attributed TO the banking interest
which yesterday advanced Southern, pre-
ferred How far yesterdays manpula-
ton Of Southern. preferred, and that OF
the Reading securities to-day. are de-
signed TO sustain weak spots elsewhere,
in the common interest OF the manlpuld-
tor. can only be matter of surmise.
There was very active demand during
the greater part of the day for Mamma
tan. Louisville. New York Central, ana
Ontario and Western. and a number OF
other eastern railways enjoyed their Pc
RODS of strength and aided towards 'he
| late recovery and the firm close at a lever
generally above yesterdays prices.
ACTIVITY IN BOND MARKET
There was large activity at several
| points I'm the bond market. notably In the
| Reading generals, the Denver and Gun
frsts. and the Colorado Southern as
"when issued" The strength of these
| tended to counteract weakness AT olhFI
| points. Total sales. $4,000. United
| States As new coupon, old As and the
new SIS. coupons. advanced IA. and the
2's and the new as registered is, in the
| bid price.
| The total sales of stocks were 4l6, l0
| shares. including Atchison, 1895; do, pre-
feryed 81 100; Delaware and Hudson. G,Uo
Louisville and Nashville 1900; Manhat
tam 51,52O; New York Central, $40
Northern Pacific, 1929; do, preferred
$50: Reading. s.1C0; Rock Island, l5,52O
St. Paul. 12,170; Southern Railway, lO'S5
do. preferred. 2O,j1s; American Tobacco
13. 2s5; Federal Steel. preferred, SEQ; PEG
pies Gas, 9,12O; Sugar. S42.
MONEY AND EXCHANGE
Money on call steady at 2a2 IL PEI
| cent; last loan at 2 IL; prime mercan
tile paper, 3 l-2d4l -2 per cent.
Sterling exchange weak. with actua
business in bankers bills at $iS5GS4S5 j.
for demand and S4.S2qsi.S2 IA for sixt,
| days; posted rates, $4.s2 l-2aSi.8 and AS6a
s4.S61-2; commercial bills. AslGSil IL.
Silver certificates GO 1-2Q6l IL; bar sill
yer. 6O1-2: Mexican dollars, AZ.
Government bonds strong; State bond
| easier; railroad bonds irregular