Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-11-11
THE RICHMOND DIspATCH-FRIDAY. NOVEMBER u, 1893.
STOCK PRICES UP.
ADAY OF FURIOUS ACTIVITY IN ALI
DEPARTMENTS.
THE CLOSE AT BOILING POINT.
IL IL Also mt the Hest Figures of the
Day-Wbcnt DccIines-Corn ana
Oats Lowcr-Provisions Practically
Unchanged.
Unchanged.

NEW YORK, November 1O-Rrlces
surged inward on the Stock Exchange
to-day, with what can only adequately
be described as a rush and roar. 1t
was throughout a day Of furious activity
in all departments, and the closing was at
boiling point and at the best prices OF the
day. The greatest interest and activity
were shown in railroad securities OF all
classes, and nearly all of these which
were traded in show at least / per cent.
higher figures. The Industrials and other
Speciaties fell into the background botn
relatively and absolutely, and were al
most totally neglected until the later
dealings. Brooklyn Transit and Federal
Steel stocks then sprang into activity,
and scored substantial advances before
the close. In the case of some stocks,
high record prices were made to-day ana
i'm the case OF many others, the highest
prices OF the year, which prevailed ABOUT
the lst Of September. were Appropriated
Atchison. preferred. Baltimore and ONO
and some other stocks reached their
record prices to-day.
POsT-ELECTION RELIEF.
There can be no doubt that the strength
| OF the market is attributed TO the feeins
of relief that the unsettled doubts ana un-
certalnties about the election are thing
of the past. and to confidence that the
generally prosperous condition oil the
country is sure to assert ltselt' ana MI
values to a. higher level. Baltimore ana
| ohio rose 23s. and Norfolk and Western
preferred was at one time up @ls. Re
| ports from the iron trade Of a DRIFT TO-
| ward a lower range of values. which
| might ordinarily be expected to AaVe q
marked effect on the stock market, were
| passed unnoticed.
London buying was again a marked Tea
ture. and commission house business was
| on an enormous scale, fairly taking the
market out of the hands Of traders, ano
eating UP all offerings to take profits
without appreciate check to the days
| continued advance.
BOND BUSINESS LARGE.
To-day's business in bonds holds the
record i'm volume of transactions. Al
| classes of mortgages were in demand
| but the reorganization issues continued
| the favorities There was. however,
well distributed business in high-grad'
bonds. and many speculative issues Were
brought forward in the movement. Tota
sales. SlO.O45.000. United States new As
| registered advanced Is, 10 Coupoh' -
the 2's and the 3s, registered, u. and Tn
old As. registered, and the SIS, registered
Is in the bid price
The total sales of stocks were 1S3'5V
including 1O1OO Atchison, 1000 preferred
1850 Chicago Burlington and Quincy
1000 Rio Grande preferred, 1920 Louisvlll
and Nashville, 10000 Manhattan. 1920 Ney
York Central, Al 220 Northern PaciflC
10. 42O do. preferred. 1920 Its-k Island, 1902
Union Pacific, Co. 165 ST. Paul, 1880 Unto
Pacific preferred, 1850 Tobacco. 1876
Steel. q. 800 do preferred, l5,1D People
Gas. Sc .720 Sugar, G,4SO Tennessee Coal al
Iron. and 500 Rubber.
MONEY AND EXCHANGE.
Money on call steady at 2a21z per cent
last loan at per cent; prime mercanul
paper, 304 per cent.
Sterling exchange weak, with actua
business i'm bankers bills at SLS5AqA.S5i
for demand and S4S2c$lS2A for siXt
} DAYS: posted rates, Si.S$G$4S5l2 and $4s6,
S4S7: commercial bills A.81s.
Silver certificates, 60laH6llA bar silve
COZ; Mexican dollars, A.
. Government bonds strong. State bond
strong. Railroad bonds strong.