The times. [volume] (Richmond, Va.) 1890-1903, 1899-10-26
MARKET MOVED
LIKE A SEESAW
In Early Hours Price Movements Were
lrregulary Upward.
LATER, GAINS WERE WIPED OUT.
But the Rally of the Coalcrs Checked
the Decline aud Prices We're
Higher at the Close, but
Not at the Top Level

NEW YORK. oct. 2J.-Thc movement
OF prices was irregularly upward for the
railroad stocks. while many industrial
stocks, and especially Of the most recent
- organized companies, showed symp-
toms OF weakness. The movement OF the
market was by pulsauons, FIRST one and
then another group OF stocks taking up
The advance
There was no time during The day when
the general level Of prices kept company
al the top. the rise in one group giving
WAY. TO rcdCuOu before The advance was
taken mp by another Many STOCKS We're
sluggish throughout the o3y. Prices gcI-
Grassy gave Way after crock under The
pressure ot rcaIIus iu the Lead STOCKS,
which Dad been the centre ot speculation
all day. The earlier gains were wiped out
lu numerous instances IA TINS reaction.
The aggressive advance or the coalcrs
checked the decline and rallied The mar
ket. Dut uot to tnc top level.
Tho market closed with tnc brilliant AIDE
vance iu thc co8icrs sul iu force but
with the tendency lower elsewhere in me
list. The net gains in Coalcrs went all
She way from t point boz the minor meme
bcIs Of the group Goo 4tt iu New Jersey
Central. Dealings iu the Leather stocks
were asau on an enormous scale. me
common rising at one time Co - ana inc
Nidual strength were Sugar the southern
group OF railways. the SOUTHWESTERN
group. Iowa Central preferred. Ann
Arhur preferred. Great Northern pre-
ferred, Anaconda and American Car boih
common and preferred.
The market opened with A snow "i
strength reflected from London. where
the fortuiehly settlement developed
quite % largc bear account in Americans,
So tnaf London bought here as many
d. H..F 40 aa
terday
Large realizing met The advance. and
the local traders were inclined 90 the bear
side They had some ASS stance from me
positive weakness of number of STOCKS
iu the industrial .St stocks having tu 90
with the metal Industries were an heavy
end Pullman General Electric and Lace
lodc Gas declined sharply OF stocks off
the more recently orsauizcd c1mp1nles.
American Hoop preferred. Union Bag
preferred. and American Mating pre-
ferred dropped from to " points ON sin"ii
transactions
The continued stiffness of the money
rate, which ruled at g per cent or above
was "a discour9gement to the buns he
sudden drop TO ! per cent. latc I'm the
day. though not of much significance ds
am indication Of actual conditions, helped
on the late rally iu stocks. The recovery
in sterling exchange, in view of the nara
ness OF money here. and the drop IN olS-
count rates in London is difficult 10 exc
plain. especially iu view OF the trce puf-
inr- of STOCKS bv London iu this market.
There was some growth of the demand
FOR stocks through commission houses in
oddffion fo the large operations for ace
count of influential speculative comDlld-
,f,rs Am analysis of the DAVIS changes
discloses. however. that the strength of
the market was decidedly spotty.
There was a good demand FOR bonds at
generally higher prices Total sales, par
value. s. 11OooO. United states new ~
registered advanced "a ana 40. coupon Is