The times. [volume] (Richmond, Va.) 1890-1903, 1899-11-18
MARKET WAS FLAT
AND DISPIRIIED
Despite Of Aggressive Strength in
Some Prominent Stocks,
CALL LOAN RATE STIFFENED
Acccntuating the Hcsitating TOno of
the Market Due 60 Anxiety
over showing of To Days
Bank Statement.

NEW YORK. Noy. l7.-Thc stock mar
e. Aad to absorb "a very large volume of
ceiling tu take profits ou yesterday rise
huTnt tAe early hours OF to-day trading.
Yhc Tone OF tuc market for the rest OF
Jhe oay was rather nat and disspirlted,
~ spite of aggressive strength by few
Cromincui auu notable advances by a
Number OF rather obscure stocks. The
prom taking was especially noticeable lu
FpnInfru lachc and Union ldDilc, and
poo those stocks under yesterday price
sor the greater part oi The dag. The nur-
ing iu bOIu of them was nevertheless on
. very large scale. blocks of 1900 shares
and upwards oI Mon Pacific making
their appearance frequently in the record.
The most cons lcuUus movement of the
6ay was in the baltimore and Ohio stocks.
lue preferred leading. It's extreme add
vance was 2s. the closing being nearly at
the top The common stock added ia
g. e. price for the day.
The various metal stocks bad period
or strength. Otherwise the market was
rather Irregular and disposed 90 reaction
pntl a late rally. which wiped out many
pTcN i0u- losses. 10 graugcrs were COM
spiuols iu tho late rally which wiped
out many previous losses. The grangtrs
were conspicuous in the late movement
Jed hy Burlington. which rallied am eN-
trtmc lN Isolated movement OF impoI-
tance We're advances iu the Buffalo.
Rochester and Piusburg stocks ot 3 points
ror the common and % points for me pre-
states Milling preferred ieH an "uol-
u0nal 3 making 2sf- FOR TWO days anu
Maluug preferred lost 3z.
The hcsi'at.ug tone ~ iho market "ds
duo t0 rceurrent anxiety over the SHOW
ing I'D Doe made by tomorrow bank state
ineut This was accen'u0ted by a late
stlneniug OF the cIII-ildn fdLe TO y p'I
cent ON demand from hclatcd borrowers
20 carr over until Monday The earlier
g3te had been per cent. ana zen as low
as g per cent. The SuD-Treasury to-day
pRid out about 100000 for bonds offered
T0r redemption and The Sub-IreasurN
debit balance az the clearinghouse re-
dccted its payments for the same purpose
YESTERDAY. Tho amount being S3.35l ol".
Blu these additions 90 current supplies
coming late 100 the week. VIII have dl-
rninished eject on the cash showing OF the
banks. GA account OF the system OF aver
ages. The net result OF HuD-lItasuIN Opt-
Eku0ns other than these Us smai. Ihr
exterior money movement hN express tti9
by Sub-Trea-uTy transfers has resulted
sn a cash net loss TO The banks of over
81 000COJ The heavy loan contraction OF
ghe latter part of the last week how
ever. VIII be partly reelected n this week 5
statement and VIII help 90 reduce the rec
serve requirements Apparently there mas
been some expansion of loans during thls
week hy the banks with the inflow or
FUNDS. The net result upon surplus re-
Eerves is thus very difficult 20 estimate.
Sterling exchange made further pro-
Bress upward to-day and served To- aou
pf money al this centre would lead TO-
deml for gold upon 10 from abroad
discounts bob London and on the Continent
Were somewhat easier. and the course or
she interior exchange in this country vas
In favor Of Sew York. London sold stocks
on balance iu This market.
Tho demand FOR some OF the loW-grade
and reorFaniz zion bonds. continued TO-
day al advancing res Total sales, par
Naiuc g. $1,000. United States As add
Nanced D. in The bid price
THE total sales OF stocks were 1.N. fD
shares. Including Afchison. 1850, baii-
more and ohio. GOO. Cnlca.so 1Leai
Western. $500 Chicago. burlington and
quincy. & az. Manhattan. 1870. North
frn Pacific SltI. Missouri Pacific, 500;
ST Louis and Southwestern preferred.
500. S. Paul $50; southern Pacific.
81 so: Union Pacific. GTG+J. DO. preferred.
=. 400. Wabash preferred II $50. Ameri-
can steel and Wire. % Sf. American To-
lacco. 1850. Brooklyn Rapid Transit "a
go. Continental Tobacco. 81 N30. Federal
steel. 90 4e0. DO. preferred. 5o.N. Pacific
Mail u c35. Peoples Gas GOO. Sugar,
$3.50 United states Leather l3lO3; do.
: referred 2oS,o.
MONEY AND EXCHANGE Money on
rall firm az $40 per cent. last loan an
Der cent ruling rate. Is per cent. prime
mercantile paper. JU1a per cent Stcr-
niur exchange firm. with actual business
in hrnbcre' bills AZ 50 sG04 SG4 for de-
nand and no iSi7.04 50 for sixty days.
posted rates. So S2ik and 80 81. commercial
hils 81 sos Silver certificates, 1N40l9'P;
bsr silver 5ei Mexican dollars. 47l,.
Government bonds hrmcr. state bonds
inactive, railroad bonds strong
BANK CLTAR1NGs The total bank
Hearings in the United states Tor inc
week were Se031 .3-l S23; per cent in-
s73a 40 2iG. per cent increase. 2o7