The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-29
STOCK MARKET
TAKES A BOOM.
An Animated Buying Movement in
the Last Hour Lifts Prices.
BEARS ATTACKED SPECIAL TIES.
but the Market Closed Very Strong,
Nevertheless - The Bond Market
Also Showed General Upward
Tendency and Much Activity
BEARS ATTACKED SPECIALTiES.

NEW YORK. Nov. 2s.-An animated
buying movement broke out I'm the last
half hour Of tO-day's stock market. which
carried prices throughout the list buoy
snuy above the previous high level and
maze fho closing very strong. The de-
mand was broad and better distributed
than at any other time during the da.
and tho market looked healthier and
fy0cr from manipulation and less con
gcstsd In regard 20 the amount OF stocks
Than at any time during the current
movement Just what was the cause OF
the renewal Of buying was not very OBJ
Nious. Tho market had already had its
opening squirt on the acceptance by Spain
or 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 TO
sell long on good news brought a flood
Of offerings 10 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 o.
portunity 70 attack group Of specialties.
including Manhattan, Brooklyn Transit.
sugar peoples Gas. and Tobacco, and
WORKED eecilnes IN them OF from = TO .
points. The grangers, which have so Of
ten been the target OF the bears, broke
away from their associations and showed
unusual strength I'm the belief Of the ai-
Justment Of the difficulties IN the control
n the trade Federal steel stock was
also attacked. The Teacticnary tendency
carried prices before the middle Of the
day back 10 near Saturdays level I'm some
cases. The recovery began with the re-
ccipt OF "a number Of strong traffic re-
turns. notably that of ST. Paul for Octo-
Der. which showed an increase Of net
earnings OF S5OGGJO, after an ADDITION 10
operating expenses of nearly $1,000 over
last years expenditures. There were good
statements besides for the third week OF
November from Norfolk and Western, ST.
Louis and San Francisco. Denver ana flO
Grande and for october from Chesapeake
and Ohio. besides an Increase OF east
bound shipments from Chicago last week
Of 11.JlS tons over the preceding week.
The trunk lines felt the benefit OF this
latter statement.
The bond market was strong and ac-
tive. and showed a general upward ten
dency Total sales. S4,93o0OO. The old
As registered. and the new IS declined
a in the bid price.
Total sales 5l1,2 200 shares, including At
Gibson. 5.922. DO preferred. 5000. c., c..
a. and St Louis l44O; Denver and Rio
13rande preferred. 5000 Erie new, $3.50:
Louisville and Nashville, 6,52o; Manhat-
tam III. 10. Metropolitan. II, go; Michigan
Central preferred. 1920; North Amerl-
can. 2G 800. Missouri Pacific, 1850. Read
ing. s 100. Rock Island. $50: St Paul.
S3 .96S: Southern railway preferred. 2Ol63,
Union Pacific prefcrred, 1920. lnterna-
tional Paper preferred. $500; Pacific Mail,
5410. Peoples Ms, 5,12O; Sugar, 1920.
MONEY AND FXCHANGE.-No on
call steady AT 2Q2h per cent: last loan
at 2l2 per cent, prime mercantile PAPER
81 iiM4A per cent. Sterling exchange weak.
With actual business I'm bankers bills al
So Sii2U4 b3ai Tor demand and at SiSliaN
rlat Tor sixty days; posted rates, $iN2l2
HiN3 and $fN1Rlf40, commercial bills,
50 SOi3N4 81. Silver certificates. GOl206ll2;
bar silver, J9<. Mexican dollars 46ia.
& rRNtFHmfHf bonds irregular state bonds