The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-08
ACTIVITY IN THE
STOCK MARKET.
The Indifference at Opening Was
Very Soon 0issipated'
TOBACCO WAS THE MOST ACTIVE
Bond Movements We're Also Consp'c-
uous. There Being a Large Absorb
t,on-FayorabIc Reports OF Rail-
road Earnings

NOW YORK. Nov. THE days stock
49,, roGectrd the conviction Of opera
tore 4, securities that. with election IN
certainties out OF the way, the strohs
condifious OF the COuntrys industries ana
business Will have thelr SnVNt anu 10
VIII ADVANCE This conviction, 50 Tar as
4, u,ss rejected I'm the market, was almost
"a pureiv professional one. Tor the OUTSIDE
t,scresf as shown by orders through
eenmlseion houses, was very small
trading proceeded in very desuiioTy
,Danucr during the early hours OF the day,
although the selling for foreign account
which was fairly liberal, was We'll 40,
sorbed. and prices OF the lhtethdlioh1i
sfocks firmly sustained. Southern rail-
way preferred was a conspicuous exam
uio But as the day wore on the market
GAINED both I'm activity ana strength ana
embraced an increasing list or STOCKS
The contemplation OF the very heavy
volume OF bank exchange ana the cnor-
mons export business In cereals nad thtH
influence on the bulush tendency, as ala
the continued favorable report OF rali-
road earnings. especially from the Soulh
and west. Handsome increases In earn
ings were also shown by Southern ran
wav Northern Pacinc and Great MI "
ern preferred. the latter showing s5oo''l
more earned for october than iast year
-phe stocks which are junior to the bohoa;
Xhich we're favorites in the heavy pon1
business to-day, felt the advantage OF
that movement, AtchlsOn prelericu "a
"a
the greatest activity and gained over =
roints There were dealings IN Ouu 10
OF quite a NUMBER Of high-grdut s.oe NJ
but the most conspicuous m0NeIhcile -.
the day was IN bonds. IN TINS ueP"i 80 ,be
.here was enormous absorption Oh tno
bonds issued for the purpose OF es,st,,,
zatlon OF various companies anu Sn it5
from fifty 20 one hundred years. ~, ~ o,d
TIE 4 per cents were the idNoi it'o', "a
tba Atebison issues were easily ihc lcdu
BE-
,.er, large demand. There Were llui
yidual blocks OF this bona solu VI stn1
value Of Si95 600. SlOIWs' anu W - loss
600 Tbe Union Pacific IS were IVsS
,,ron,insnf. hut still active. as were NVI,iI
or, Pacific prior lien IS ana NoIio.h -, 80
V,astern general The Erie prior hens
and the Reading 4s' whlcn bnav,
niaced In the same class, Were nSs@nS,
,forlrcd strength and activity was shoMh
siso hv The new Baltimore ana ONO p
r-ben issued and also by the ot2 :. I'...
tros in Southern consOl 0s continue VI
80 There was a good demand as VIII
20 80 -, a., other bonds Of the middle grace,
cvtendine in some cases TO the purely
speculative issues. Total safes, So,tv'v -
limited states new 4 5. coupon allu ~,
IS advanced "a and the old 4s 'ne H ,s,S
As registered ana the % ~ III
me total sales OF stocks were 2S3, 400
shares. including 2S.o63 Atchlsoh pr,
ferred. 1880 Chicago. Burlington M ar
Sosa Metropolitan. 51A Manhattan 10 10
oo5 Northern pacific. 20,G24 81. PAU, SnlV
- -, nreferred 20 500 American To-
Secco. 15. as Bay State Gas. 900 Federal
Steel IL PIG do. preferred, 22,O49 Sugar
MONEY AND EXCHANGE-Money on
call at 1N2 per cent. last loan az per
cent -. prine mercantile paper 3Anf4 Per
cent. Sterling exchange steady, with &C &c,
tuai business I'm bankers bills 4S1An ,. ~
FOR demand and at 4.s2hm4S2%l for sixty
avs. nosted rates. 81 S4G4 Siih and Sf.Stl9
81 81. commercial bills S4S1i2Q4S2. Sill
Yer certificates GOika6li4; bar silver; coy
Mexican dollars 47h. Government bonds
strong: state bonds strong railroad oohus
gfroun