The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-03
MARKET FEELS
THE WAR SCARE.
The AngIo-Russian furry Causes
Uneasiness on London Exchange
AFFECTSAMERICAN MARKET ALSO
Selling on London Account Causes
Some Losses Sugar is stronger but
Tobacco and Federal Steel Re-
verse Their Weeks Records.

NEW YORK. Nov THE news re-
ccivct ~ tbc Associated Press detailing
the hostile preparations OF tht biitiAh anu
Russian fleets in Chinese waters soes idf
to explain the recent uhcdslhesS mani
tested on the London I.No"".eo, :" oPiso
Frc,~h rerfrovcrsy The movement Of
,ccnriffce incidentally shows the passage
of important diplomatic movements
amongst the old world powers carrying
Min fhcm the threat OF open rupture.
srbore was a sharp fan in cJnsols ana a
stronr market in Liverpool Tor wheat
which only yielded on the Idi-ufe or the
American markets TO respond iuby De-
cause OF the large receipts az primary
points and the liquidation OF large spccu-
ftflve fines in Chicago. Inc persistent oe-
mand Tor export. however. worked a rally
in The American grain market before the
close. Selling Of securities TOT LONDON
account on the New York market was
feature OF the day. and the international
stocks. especially Norfolk and western
preferred. Denver ana RIO OFande pre-
TERED. and Kansas and Texas preferred
are the heaviest losers among the railway
SHOCKS Aside from This there was gem
eral disposition 10 stand by ana watch
the fireworks amongst the Industrial spe-
cialtlos. allowing the market 10 lapse INTO
nroverhial dizziness Professional traders
naturally turned 10 the short SIDE IN such
market. bat the bear tactics were not
Aggressive. In Sugar. Tobacco ana Fed
oral steel the recent order OF events was
reversed. the first-named SHOWING
strength am day on mysterious inilma non
of coming favorable developments. Whlcn
induced many bears TO cover. IoDacco
dropped a., points IN the first nVe minutes
Of trading, and fuCiuatod icNerlshiy lot
the rest 81 the day between tnat ana iaS,
nights rrlce to the bCWilderment or an
huf those who regulated the movement.
The Industrious lifting OF Federal steer,
which has been going on Tor some tlme
rarf was relaxed ,O-day. and prices went
of IlN1G from the best for the common
and preferred. respectively. Minnesota
Iron lost 3ia Illinois Steel was Do down
. points. and Tennessee Coal ana iron
and Colorado Fuel fell lk. Dealings In
Tho newly launched Standard Distiling
efocks were allowed 10 apse IN view Of the
prevailing depression I'm the market. Inc
only other feature was the wide move
mcnt of some stocks that are set down
as dominant including Lackawanna and
Western. decline Of . points. There
We're dealings Ia large lots IN other glit-
edged stocks.
INC bond market was only moderately
active. but values were better sustained
than in stocks. Total sales, 2,O61,Vo.
United States old As. coupon. advanced
= in the bid price
The total sales of stocks to-day were
1000 shares. including 912O chicago.
Burlington and QQuincy, 6S53 LOUSY ne ne
and Nashville. Jl3O Manhattan, 5,66J
Rock Island. u 200 ST.. Paul. j5.S31 To-
bacco. HIS Steel. 2O.772 do preferred,
A. CSC Sugar. $50 Chicago Great western.
MONEY AND EXCHANGE -Moncv on
call steady at 1I02 per cent; last loan
az > per cent: prime mercantile paper,
1901, Per cent. Sterling exchange firm,
with actual business i'm bankers bills at
81 Sj04 Sli for demand and at 50 S2Wm
4 SO for sixty days. posted rates SiNps
and 81 SGlbai 81: commercial bills. SASH
al 50 Silver certificates. GlhNG2; bar sill
yer. Gt&: Mexican dollars Ass. Govern
ment bonds nrmer: State bonds inactive:
railway bonds steady