The times. [volume] (Richmond, Va.) 1890-1903, 1899-11-03
STOCK MARKET
OPENS STRONG
and Very Slakiog Net Gains Resulted
in Some SpeciaIties.
GENERAL LIST WAS INACTIVE.
Aud tho Operations Were Largely
Confined 90 Uhe Professional Elc-
mcnt-Tonc of the Money Mar
kct was Easier.
GENERAL LIST WAS INACTIVE.

NEW YORK nov. 1.-The stock mar
r.. tou. Dol. a show Of great animation
aud strength To-day and some very siiA-
AL. uUI .ans resulted. The general llaN
however though higher iu Wice. al Tue
c.o.. developed l.lc activity. inc opera
fIols. which to.aIeI aaN21O shares sold,
were Iai.,ly c0uluco to fhe professional
element Ine upward movement was OBJ
viousIy based GOA One notably easier tone
al tll money market
The largest operations were bf power
aM POOLS and strong financial interests,
which have 40 command money resources
putEler iIn usual money market circles.
The prevailing opinion ln Wall street is
that prices of stocks would move upward
'ca.Ly 81 the obstacle OF stringent money
Were removed. The large outstanding
short interest in stocks has been ralpoby
uneasy. AND amy indication oi rcciana-
tIuu .u tle uEltncss of money makes
Fnem inclined to cover their short con-
tracts The professional pool operations
iu a number of prominent stocks to-day
were obviously directed against the bear
contingent. and with good success
IN l- probable. however. th1t lhc large
buying 0f other points is based ON exc
'Tcc,aton of rise in prices ON account
az a. growing public interest ~ slotA7.
u is tine period of the yc4r ODD which, uh-
der normal clrcumf 1ncce, the tNlit
r-es for money u the moving or the
crops begins t0 show diminuti0u. rc.c1.-
sing large sums for employment in STOCK
speculation. Expert opinion however. Dr.
ir I0 means unanimous tlHi iunNa WIZ
De- released n The usual volume this i1ii'
owing @. Che marvellous business eAp'n-
fiou
outside tho mehly speculative indus
trials. tho movement in the raj vs. lls Gene
tered iu The southwestern group. The spec
Ci.l strength and activity in Southern
Pacific helped the southwcstcrns. and was
Based on current rumors OF rcadlu-iment
of control. The bcIatcd movement boo cot
don was a factor of strength among both
southern and southwestern raliWa ys.
There were special movements besides
SIN o.. O.. G.. and 81. Louis and Chesapeake
and Ohio ana some demand for the cOll-
ors. The upward movement iu the IRON
Vnd steel stocks encountered difficulties.
.as did that in Brooklyn Rapid transit.
Speculation in leather continued on an
enormous scale. that stock rising am cN-
creme 3h Sugar was also very promi-
.nent. and rose at one time b points. lhefe
were notable movements IN Stand3r4
'Q}Ope. Peoples Gas and Manhattan. The
extent of The advance invited heavy real
4zInr. cspooialiv DURING the last hour. and
some stocks showed reactions of between
aHd points at the highest
THE general tendency was Nleluins. IN
spite OF "a fresh advance in southern f4-
Cidc to ana. and in Chesapeake ana ONO
TO % The upward Impetus at the OPEN
eng was caused boy higher quotations from
london, and the effect was exaggerated
by the circulation of q c3nard alleging
smith Manipulation for the rise was very
'apparcnl AN day.
The bond market was active and strong.
.nhe demand being very wen oisiIloul W.
Total sales. par value. S33j1,oy. lh-Iea
States old IS ADVANCED ana the "s'
new as and 5's * On the bid price.
The total sales of stocks We're HHh-'1
shares. including Atchison. 1lI26' do.
d . %