The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-27
AN IRREGULAR
STOCK MARKET.
The Opening Was Weak But Closed
Strong on Spanish Advices.
BOND PRICES CLOSED HIGHER
AMER n week of Irrcgularity-Ihe
Bank Statement Was Not So strong
as at First supposed Which
Tended TO Cause Reaction.
BOND PRICES CLOSED HIGHER

NEW YORK. Nov 23-To-day's short
session of fle Stock LAch mango was loug
enough f0r several uncertainties 70 de-
Nciop and to resolve themselves againi
so chat the session. os "a whole, continued
on fhe Same irregular "nu mixed char-
uclcr az those OF the whole week have
been. Ihc srrne.ht of Amrlcans on the
london market was not sufficiently pro-
Iuunccd Co AFFECT the opening prices here.
ana prl0os were below me London parity
even whore the gains were shown, IL
was clear enough. however, that there
was continued good demand for Union
yarIlc and thc ST. Louis and san Fran
cisco preferred stocks and Northern Pa
CIGo recorded ID recovery Of part Of yes
tordly decline. There was continued
proIf.fHkiug evident at other points. and
Manhattan suffered break OF i3s on pub
hshnl deui1Is of Vanderbilt interest
and Tobacco almost as much on the
treatencd competition in cigarettes
There were conspicuous fractional recess
EIlue also Iu fNc Baltimore ana Ohio
stocks. and fne coalers showed no exc
recitation over stories that the coal trade
had been "lNcl.' There was not much
announcement to bear operations in such
d market. and when reports by cable were
received chat DO Spanish Government nad
instructed Its commissioners 20 sign a
treaty az peace. fhr market generally
turned upward and quickly retrieved
part 0r aI of fhe earlier declines. Atchi-
sons October statement helped the COM
pauys preferred stock. and hy sympathy
the entire Ust The statement showed
net increase of S-2l43I saved out OF the
gross increase. Good statements or earn
ings by s number oil other railroads helped
tho recovery. The bank statement was
considered % strong one no Afst glance
with One increase 90 surplus ItSti Ne'
though subsequent scrutiny on the loan
item decrease caused some modification
of this view and caused some iatc Ieac-
tons hut nos until am acuFc bu&lns
movement had Developed an inrouEh tie
list There was heavy covering pm ihe
Federal steel 0cks and sharp rccoVeIies
in the Baltimore ana OHIO STOCKS. 5 he
81 Paul and Duluth ana ojher less prom
incnt issues were also markedly strong.
Tho bond market has been active ana
broad during fhc week. and prices, with
Jew exceptions. are higher though there
has been some !rrguarity in the move
T6e tot.i sales of stocks were 20. 500
shares including AtchisOn preferred. %
5aS. Louisville and Nashville. VNot. Man
hG3tau. T11J. Union Pacific 1850 ST.
Paul. 5als. Southern railway preferred,
r tlo. American Tobacco. 1900. Federal
Steel preferred. iio36; sugar, $500.
MONEY Asp fN-'' NrF Money or
caH nrmcr at 2Q2k per cent: last loan
at ~ per cent. prime mercantile paper
3ltH4ff per- cent sterling cNchau-e
STEADY. with actual business ga bankers
BIN. ut stSfa4 $3.50 for demand and AT
80 80 for sixty days. posted rates,
s. so fe1. commercial bills 50 slu4 sil2
silver certificates. G0206l. bar silver
3d.. ItEican dollars. 1Gfi state bonds
inactive. railroad bonds ebsy, Government
bon steady
RANK STATEMENT weekly bank
efn..mDnt shows the following changes:
gn..Ius reserve. increase -.-..-.. D. .,ti-' .-vJ
II..e decrease ..+-- .-..-....-.. -.ht,' t'p
SU... c. decrease .t...- .....s... 100
,I tenders. increase ......... 103i. luO
r..usits. decrease ..-...-....... 3.tufNNO
i'...i. ,ov. foId SIX g57 575 in cxcess