The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-24
THE TENDENCY
WAS DOWNWARD.
The Western Blizzard Was a Factor
in Keeping Down Prices.
The BULLISH SPIRIT WAS LATENT
And There Was Marked Movement in
Eastern Railroads and Some Spec
ialtics Activity at Several Points
in the Bond Market. Also.

NEW YORK. Nov. 23-Thcre was a
disposition manifest 10 Curtail opera
irons on tho stock Exchange in the early
hours OF to-days session on account OF
tomorrow holiday. for one thing, and
OF account Of one or two depressing innu-
cnccs in tho market. which offered Obsta-
clos 20 the successful prosecution OF the
bull campaign. The snow-storm i'm the
West. with iJs obstruction 60 traffic and
reports OF damage TO live stock was "A
discOuragcmcnt 10 advancing prices
There WAS rather less assurance felt also
that the Northern Pacinc--O NaVi-
gaiion imbroglio was 10 be patched up.
and southern Pacific stocks and others
concerned turned downward. Weakness
in "a number Of the spCCialties notably
Tobacco. on reports of the character of
tho opposition In the cigarette branch,
eCceutuatcd tho prevailing tendency.
Peoples Gas dropped off at one time ~,
and Federal steel continued 10 drOU.
There was a marked falling on I'm the
Atchson preferred probably due 20 the
depressing influence Of other stocks.
There was very bullish spirit latent I'm
Tho market, nevertheless and 10 turned
from these centres OF depression and from
the region OF the snOw-st0rm 10 other
spccialtics and the eastern railroads.
The movement was most marked In the
Coalcre, and had IT'S inception I'm the
Reading issues. The buying of these Sc
Curifles was attributed 20 tho banking
interest. which yesterday advanced South
ern preferred. How FAR yesterdays ma
niIulatiOn Of Southern preferred ana TO-
day Of tho Reading securities Is designed
60 sustain tho weak spots elsewhere IN
The common interest OF the manipulation
can only be a matter Of surmise. There
was very active demand for the greater
part of the day for Manhattan, Louis
Vile. New York Central, Ontario ana
Western. and a number OF other eastern
railways enjoyed their period OF strength.
and aided towards the late recovery and
the firm close al a level generally above
yesterdays prices.
There was large activity at several
points IN the bond market notably In tho
Roadinr generals. the Denver and Gulf
Isis. and the Colorado SOuthern's As
when issued" Tho strength OF these
tended 20 counteract weakness az other
points Total sales. $4,000 United
states as new coupon, old As and the
new rs coupon advanced "A. and the 3 s
and the new As registered Is in the bid
price.
The total sales Of stocks were 416100
shares. including Atchison, l3.%5; 90.
preferred. 371J0. Delaware and Hudson,
5000: Louisville and Nashville. 1900
Manhattan. 81. 500. New York Central.
500. Northern Pacific. 1920; do. pre-
ferrcd. 5.37O. Reading, 500. Rock Island,
H. go: St. Paul. 12170: Southern railway,
10 49, DO. preferred. 205iS: American To-
hacco. 1925: Federal Steel preferred,
SEQ; Peoples Gas, 9.12O; Sugar, s'492.
MONEY AND EXCHANGE Money on
call steady at 202i5 per cent: last loan
mo pa per cent; prime mercantile paper,
Git0fik per cent Sterling exchange weak.
with actual business I'm bankers bills
at S4S504SJit for demand and at 81 S20
q e2N for sixty days posted rates. $4.S2l2
Ass and 81 SGGf S6i3. commercial bills
SfSfG4sfk Silver certificates. GOiA0
6iif: bar silver. cog; Mexican dollars. A.
Government bonds strong; State bonds
easier. railroad bonds irregular.