The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-13
"A BROAD AND
ACTIVE MARKET.
Absorption Of Railway and Corporate
Securities Continued Unabated.
BOND DEALINGS VERY LARGE
-Four Days Exceeded Any Full Weeks
Record The Result Has Been
Higher Prices All Around Es-
pccially Low Grade Issues.

NEW YORK. Nov. f2--Thc process OF
digestion Of railway and corporate securi-
ties was continued on an enormous scale
at to-u-ay'S short session OF the Stock
Exchange. The public were in the mar
ket as buyers again at the opening. and
heavy orders placed with commission
houses were executed throughout an cx-
tended list. At the same time recent
buyers, who saw an inviting and secure
profit at the present advanced level OF
prices were sellers. The result was a
very active ana broad market. the con-
slant exchange OF securities going on in
The nrst hour resulting In rather unim-
portnnt changes In prices. except in a
few cases. With the completion of the
buying orders. realizing OF offerings. were
In q way 10 exceed the demand in the Sec
ond hour ana prices showed sagging
tendency. But the violent advance In
Sugar at 1891. or at almost 8 points net.
caused sympathetic hardening in prices
turned the traders TO the bull side and
induced the shorts TO cover heastiy. The
result was short close notwithstand-
ing the mai slump Of over 2 points in
sugar and net gains reaching a point or
over IN many cases. The important move
ment In the Atchison securities was con-
tinued. and gave tone to the whole mar
ket The principal activity In the move
ment showed n tendency TO shift from
the preferred TO the common stock which
advanced IN on the day The preferred
stock and the bonds continued I'm large
demand. the former closing at n net adj
vance OF IN. other properties In the
movement were also notably strong, In
Guiding Peoples Gas. Rock Island and
Brooklyn Transit, but the Federal Steel
stocks showed a hating tendency. The
strength of Louisville and Southern pre-
ferred was due to the excellent traffic re-
turns OF the two roads for the first week
In November
The bank statement. which was unfav-
orable. was disregarded The business in
bonds on the Stock Exchange during the
week, which was only four full days and
to-days short day, exceeds all previous
full weeks records with total sales of a
par value approximating s34. 100000,
against the previous high record of less
tnan $4,000 on Thursday the sales
Of bonds exceeded in par value 10000
600. against the best previous days bust
ness OF $4,000 and on Friday tie days
business nearly approached Thursdays
record.
In the total number Of shares OF stocks
dealt IN the weeks record has been many |
times exceeded. but in the number of diff |
ferent issues In which 100 share lots have !
been dealt In the weeks record has never |
been surpassed thus indicating the |
ket
The weeks Unprecedented business in |
bonds has resulted in higher prices all |
around. the middle and lower grade issues |
showing the most pronounced effects. |
United States new As coupon have adj |
vanoed x. do. registered u. the old As |
81. and the SIS coupon. the old |
IS coupon and the SIS u in the bid price. |
The total number of sales of stocks to- /
lay, 1851 500 shares. including 49, 800 Atchi-
son. 800 do. preferred. 5000 Chicago. /
and quincy; 1850 Louisville |
and Nashville. 1OS77 Northern Pacific. |
, 1852 Rock Island. 20,150 St Paul. 1881
Union Pacific preferred G.540 Tobacco,
s 700 Bay State Gas 5.215 Federal Steel,
.e97 do. preferred. 1850 Peoples Gas,
:. O5O4 Sugar.