The times. [volume] (Richmond, Va.) 1890-1903, 1898-10-30
STOCK MARKET
CONTINUES FIRM.
Tobacco Was Very Active on Strength
ofthe Late Big Deal.
RAILROAD STOCKS WERE WEAKER
But Business Was Not Active and Loss
es Were observation-disclosures
Increasing Activity aud Strength
During the Week.

NEW YORK. oct. 29.-With the excep-
ton OF last Monday, the average OF prices
on the stock Exchange have SHOWN net
ADVANCE for each day since Wednesday,
October. 10th. There was a general ex-
pcctafl0n. therefore. that there would be
The selling 20 take profits to-day. which
Is customary amongst professional trauers
al the end 81 tho week. Ihe bu0yant tone
n some OF the spccialties held the mar
ket firm IN the frst hour Of the short
session Consolidated Gas and Tnird
Avenue 1ampcl 8 points the former on
talk OF the termination OF the local gas
war. Tobacco continued its aggressive
advance on the strength OF the develop
ments showing tho consoidsism jof plps
tobacco companies. The stock was Ncry
ative and large blocks were absorbed
10 max way for its upward curse. Tho
process OF bidding up the prlcc OF the
Federal Steel securities also continued.
Meantime tho railway list was very dun,
and showed only slight changes, although
nearly oh changes were gains. The pun
NcatfOu OF the Burlington statement for
September resulted in immediate activity
Ga the grangcrs az the expense OF values.
Losses reached about a point in the other
members Of the group. and IL IN Bur
lugt0u Itself. There was q general redc-
tion IN the railroad list In sympathy, but
The raj road stocks generally were not
active. and losses were confined TO frac-
lions. Prices continued heavy IN the rail-
roads 10 the close. but net declines We're
restricted 10 ifdfilpNs oNAelNt NA4N
grangers and specialics.
The bank statement was without innu-
enCe on stocks. though the growing
strength Of the clearinghouse institutions
was c/Ient. Government deposits hsure
larrsff In the cash Increase. and the
iarge expansion OF loans must again De
credited for the most part 10 operalious
In exchange Incidental TO lending money
abroad The strength OF silver was AT
irlbufed 10 buying orders from this span
lex. NH
Ponds have shown increasing activity
and strength during the week, the
volume Of dealings on Friday rlslh- 10
S. 100 oo0 Bonds Of western ana SOUTH
western roads and reorganization bonds
generally have been the favOrites. There
have been large dealings I'm the Govern
meut IS. coupon. and the record price.
1885 was made to-day. united states
rs have advanced X. and the old coupon
Is h while the old As. registered, and
the new 5's have declined Is IN the bid
The total sales Of stocks were 215,50o
shares. including Chicago. Burlington and
Quincy. II. as; Rock Island, Dab: 81.
Fam II 2l7. American Tobacco, 6s,fG0;
Sugar. 1002O.
MONEY AND r.NCHANGF--M on
call steadler at 1kd2 per cent; last loan
at per cent; prime mercantile paper.
3A4GsAA per cent. Sterling exchange
STEADY. With actual business In bankers
bills at sfs51HQ4SJH for demand and at
81 sol Q4S2i5 for sixty days; posted rates.
81 s2iI and $i.S6d4 S6k; Commercial bills,
S4s1 Silver certificates, 6lQ62: bar sil-
yer. Fl 3-l8: Mexican dollars, AK Cow
eminent bonds easier: State bonds mae
tive; railroad bonds firmer.
BANK STATEAiENT-The weekly bank
statement shows the following changes:
Surplus reserve, increase ......S 2,6I9,22J
/ .osns. Increase ............... 1927 800
SD1rie. increase ............ 5.2O5, ZOO
Legal tender Increase ......... l,3Zs,st0
Increase .......... 15.1S1 1oO
increase ........... 229DO
The banks now hold S26.O9l,3 800 I'm eN-
cess OF the requirements of the p per