The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-11
MARKET REACHED
A BOILING POINT.
Prices Surged Upward on the tx
change With a Rush and a Roar.
RELIEF AT END OF ELECTIONS.
Gave the Market It's Unusual Strength
Greater Interest Was Shown in
Railroad Securities. All Which
Showed Substantial Gains.

Nnv YORK. Nov. 1O-Prices surged
upward on the Stock Exchange to-day
with what can only adequately be de-
scribed as a rush ana roar, III was "a q
departmenis and the closing was at boil
ing point and at the best prices Of the
day The greatest interest and activity
was shown In the railroad securities OF all
classes and nearly oil OF these which
were traded IN show at least | per cent.
higher figures. The industrials and other
speciaities fell into a background both
relatively and absolutely, and were almost
totally neglected untii the later dealings.
Brooklyn Transit and Federal Steel stocks
then spTang into activity. and scored sub
stantial advances before the close. In the
case OF some stocks high record prices
were made to-day. and In the case OF
many others the highest prices OF the
year. which prevailed about the LIST of
September. were Appropriated. Atchison
preferred. Baltimore and Ohio, and some
other stocks reached their record prices
to-day. There can be no doubt that the
strength of the market Is attributed TO
the feeling Of relief that the unsetling
dorbs and uncertainties over the election
are thing Of the past, and 10 confidence
that the generally prosperous condition
OF the country is sure to assert itself and
lift values 10 a higher level. Baltimore
and Ohio rose 2A, and Norfolk and West
ern preferred was at one time up 80. Re
ports from the iron trade OF drift To-
ward a lower range of values, which
might ordinarily be expected to have
marked effect on the stock market, were
passed unnoticed. London buying was
again a marked feature, and commission
house business was on an enormous scale
fairly taking the market out OF the hands
OF the traders and eating up all offerings
10 take profits without appreciate check
20 the DAYS continued advance.
The days business In bonds holds me
record I'm the volume of transactions. All
classes of mortgages were In demand. but
the reorganization issues continued the
favorites. There was. however. a we'll
distributed business In high-grade bonIs.
and many speculative issues were brought
forward in the movement Total sales,
s1O.O45 600 United States new as regis
tered advanced =. do. coupon X, the s
and the 3's registered. and the old as
registered and the SIS registered y in the
bid price
Total sales OF stocks were 733. 800 shares
including 10 100 Atchison. 1000 do. pre-
fe~red 13 80 Chicago. Burlington and
Quincy; 1000 Rio Grande preferred, 1920
Louisville and Nashville. 10000 Manhat-
tan, 1870 New York Central II. 900 North
ern Pacific. 1920 do. preferred, SEQ
Rock Island. 1920 Union Pacific. G9,165
ST. Paul 81 $50 Union Pacific preferred.
1850 Tobacco. 1890 Steel. 26,J20 do. pre-
ferred 1920 Peoples Gas, $500 Sugar
G $50 Tennessee Coal and Iron, and $40
Rubber.
MONEY AND VIGILANCE Money on
all steady at 202n per cent; last loan
AZ 2 per cent. prime mercantile paper
ga per cent. Sterling exchange weak
with actual business In bankers bills
81 S5l404Sji5 for demand and at si.s2q
4S2L for sixty days, posted rates Si.S3G
4 SEA and SiS644.ST; commercial bills
81 Sik Silver certificates. 6ChNGlla: bar
silver. COL. Mexican dollars; a. Govern
ment bonds strong; state bonds strong;
railroad bonds strong.