Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-11-29
STOCKS END STRONG.
GOOD RAILWAY STATEMENTS.
and Western and Chesa-
penlse and Ohio Among the Lines
Oats strong-ProvisionsU Unchanged.

NEW YORK. November 2s-An ami
mated buying movement broke out in the
last half hour OF t0-day's stock market.
which carried prices throughout the list
buoyantly above the previous high level,
ana made the closing very strong. The
demand was broad and better distributed
than at any other time during the day,
and the market looked healthier and freer
from manipulation. and less congested
In regard 10 the amount Of stocks. than
at any time during the current move
ment Just what was the cause of the
renewal Of buying was not very obvious.
The market had already had its opening
squirt on the acceptance by Spain Of the
peace terms offered by the United States.
Prices for Americans had been sharply
advanced in London on the strength OF
this factor. before the opening here.
The professional traders rule 10 sell
long Oh good news, brought a flood OF
offerings TO realize on the opening ad-
vance by those who had been buying for
several days past in anticipation OF the
Paris decision. The bears seized the OPP
pOrtunity TO attack group Of Special
ties. including Manhattan, Brooklyn
Transit Sugar Peoples Gas. and TObac-
CO. and worked declines in them of from
2 10 points The Changers, which have
so often been the target OF the bears,
broke away from their associations. and
showed unusual strength. i'm the belief of
the adjustment Of the difficulties i'm the
control OF the trade. Federal Steel stock
was also attacked. The reactiOnary ten
dency carried prices before the middle of
the day back 10 near Saturdays level in
some cases.
STRONG TRAFFIC RETURNS.
The recovery began with the receipt Of
a number OF strong traffic returns. no.
tably that of 81. Paul for October. which
showed an increase Of net earnings of
SECS SIS, after an addition to operating eX-
penses of nearly $4,000 over last years
expenditures There were good state
ments besides for the third week of No
vember from the Norfolk and Western,
st. Louis and San Francisco, Denver and
Rio Gr9nde and for October from the
Chesapeake and Ohio. besides an increase
week of ll5lS tons over the preceding
week. The Trunk LINES felt the benefit
of this latter statement.
The bond market was strong. aud active,
and showed generally upward tendency.
Total sales. Si9.S30O00. The old As. regis
tered, and the new As declined u in the
bid price.
Total sales of stocks. 200 shares. in
Guiding Atchison 5.922, do. preferred 1860,
G.. c., G. and st. Louis LAO Denver and
Rio Grande preferred 5000. Erie new $3.50,
Louisville and Nashville 6,520, Manhattan
1920 Metropolitan 1890 Michigan Cen
tral preferred 1920 North American $3.50,
Missouri Pacific $3.50. Reading $40. Rock
Island $50. st. Paul 30, SOS. Southern Rail-
way preferred 20l63, Union Pacific pre-
ferred 1890, international Paper pre-
ferred $500 Pacific Mail $40, Peoples
Gas 5,120 Sugar 1925
MONEY AND EXCHANGE.
Money on call steady at 3d2h per cent;
last loan at 2lz per cent; prime mercantile
paper 3hGt4h per cent.
Sterling exchange weak, with actual
business in bankers bills at sLSila4SLSiS4
for demand and at f4S11s9sLaA for sixty
lays; posted rates, S4.s212aSi.sS and $4S5l2
ltS4 Sc; commercial bills, 81 S0igd$f.S1.