Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-11-18
STOCKS RATHER FLAT
THIS DESPITE AGGRESSIVE
STRENGTH IN 4 FEW SHARES.
PROFIT = TAKING THE FEATURE.
IL Is Especially Noticeable I'm south
eru Pacific and Union Pacific
Renewed Anxiety Over Bank state
ment sbovvinr-Produce Markets.

NEW YORK, November 1.-THE STOCK
market had 10 absorb a very large volume
Of selling TO take profits on yesterdays
rise. during the early hours OF to-days
trading The tone Of the market for the
rest Of the day was rather fiat and dis
pirited. IN spite Of aggressive strength by
a few prominent stocks and notable ad-
yances by a number Of rather obscure
stocks. The pront-taking was especially
noticeable in Southern Pacific and Union
Pacific. and held those stocks under yes
terday's price for the greater part of the
day. The buying in both Of them was.
nevertheless. on very large scale,
blocks Of 1000 shares and upwards OF
Union Pacific making their appearance
frequently in the record The most con-
spicuous movement of the day was IN the
Baltimore and Ohio stocks. the preferred
leading. It's extreme advance was rs,
the close being nearly at the top. The
common stock added Ia TO IFS price for
the day.
The various metal stocks had a period
OF strength. Otherwise the market was
rather irregular. and disposed 20 reac-
ton. until a late rally. WHICH wiped out
many previous losses. The Changers were
conspicuous in the late movement, led by
Burlington. which rallied an extreme l4s.
Isolated movements Of importance We're
advances In the Buffalo. Rochester, ana
Piltsburg stocks Of points for the. com
mon ana 9 points for the preferred the
latter reacting 3 points. United states
Milling. preferred. fell an additional 8,
making 2sia for two days, and Mating,
preferred. lost 3is.
ANXIETY ABOUT STATEMENT.
The hesitatlng tone Of the market was
dine 10 "A recurrent anxiety over the show
ing TO be made by tO-mOrrOWS Dank
statement This was accentuated by q
late stifeuing of the call-lOan rate 10 9
per cent. ON demand from belated bor-
TOWers 10 carry over until Monday Inc
earlier rate had been per cent, ana IL
fcil as low as 3 per cent The Sub-IFea-
sury to-day paid out about 100000 Tor
bonds ofered for redemption. and the
Sub-Treasury's debit balance at the clear
ing-house reflected It's payments Tor Inc
same purpose yesterday, the amount De-
ing $.3J1fi9. But these additions TO cur
rent supplies. coming late in the week
viii have "a diminished effect on the cash
showing of the banks, ON account or the
system Of averages. Tho net result OF
Sub-Treasury operations, other than
these. is small.
The interior money movement by eX-
press. and bv Sub-Treasury transfers. has
resulted in a cash net loss 10 the banks
OF over 100000. The heavy loan con-
lihcupn OF lAt ldt'ti part "- i"al "tSh'
however win be partly reflected IN this
weeks statement. and will help 20 reduce
tho res rve requirements. Apparently
there has been some expansion OF loans
during this week by the banks, with the
inflow OF funds The net result upon sur
plus reserves is Thus very difficult 10 es-
DEMAND FOR GOLD
Sterling exchange made further pro-
gress upward to-day. and served 20 add
ffrnf actual "a
of money az this centre would lead TO q
demand for gold upon II from abroad.
Discounts i'm London and ON the Cont
nent were somewhat easier, and the
course of the Interior exchange I'm this
country was I'm favor OF New York. Lon
don sold stocks on balance IN this mar
ket.
The demand for some Of the low-grade
and reorganization bonds continued to-
day a. advancing prices. Total sales, par
value }2375.O,O United States IS adj
vanced y I'M the bid price.
The total sales OF stocks were so 100
shares including Atchison 7.2s5; Bait-
more and Ohio, $40; Chicago Great West
ern. $500 Chicago. Burlington and Quin-
cy. S47: Manhattan. 1880, Northern Pa
ciiic. s. 49,. Missouri Pacific. $50; ST. Louis
Southwestern. preferred. 500. St. Paul,
T. 100: Southern Pacific. 62530. Union Pa
cidc. 67.6sj: Union Pacific preferred. 400:
Wabash preferred. q 3o5. American Steel
and Wire. 1854. American Tobacco, H5iO;
BrOOkly1 Rapid Transit. u ~, Cont
mental Tobacco. lGO; Federal Steel 3d.
$50: Federal steel. preferred, $3.50; Pacific
Mail u $50, Peoples Gas $50; Sugar,
39 $50: United States Leather. 70 l05: United
States Leather. preferred. 1850
MONEY AND EXCHANGE.
Money on call firm q sac per cent; last
loan az e per cent; ruling rate per cent;
prime m rcantile paper. 6n5il per cent
Sterling exchange firm. with actual bust
ness in bankers bills at A.6aA64 for
demand. and at - Sl7.nS4S3 for sixty
days. posted rates. $i&ia and SL81; com
mercial bills $1,000.
Silver certificates 5siz059ia. Bar silver.
$3.50 Mexican dollars. 4tl.
Government bonds hrmer state bonds
inactive. Railroad bonds strong
BANK CLEARINGs
The total bank clearings I'm the United
States for the week were {g.o5f. 52l. S3; per
cent increase, 176; exclusive of New
York. Sl39.7392i6; per cent. increase, 2y7
New York stock Quotations.
Closing.