Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-11-02
STOCKS ARE SPOTTY.
RAILWAYS YIELD IN PHoMiNE'o =
TO SPECULATIVE IsDUsTRIALs.
TOBACCO WEAK EARLY, BUT RALLIES
Call Money Market Easier-F""""
Continue to Move to the so"'"
from New York-Bonds Generally
ouiet-The Produce Markets.

| NEW YORK, November 1.-To-day
stock market developed a decidedly spotty
character. The railways fell into the
| background again. and the speculative
Industrals were brought forward into
activity. An effort was made to con-
tinuc the campaign against the shorts In
| tho Iron and Steel stocks, but tho higher
| prices in these brought out such large
sales that the effort to advance prices
had TO be abandoned The whole group.
with the exception OF Tennessee Coai,
| shows net losses. The latter stock after
dropping TO 1lelz. rose strongly to 1879, and
held there.
Wher the movement in the Iron ana
Steel stocks proved abortive. the br.ls
turned their attention 10 Brooklyn RAPID
Transit. which was a favorite In the
speculation for the rest Of the day. the
movement in this stock was again di-
rected against the very heavy short in
terest believed to exist in IT. and the
rapid advance induced large covering.
When the rise had extended 10 above o.,
enormous blocks were brought out, which
made il difficult 10 sustain the price.
THIS stock rose 10 J0i5 yielded a point,
rallied again and yielded small frac-
ton. The New York Traction group
was strong
LEATHER ADVANCES.
The Leather stocks were also taken up
for further aggressive advance, the com
mon touching % and the preferred S3s.
Sugar was active and Irregular. but shows
"a net gain. The Tobacco stocks were
weak early, but rallied later.
There were Isolated movements in Mis-
sour, Kansas and Texas and Southern,
preferred; Wisconsin Central, New York
Air Brake, and Standard Rope. which
were all strong Mailing preferred IRE q
ing was not very active and the move
ment Of prices was narrow, net changes
being small and mixed.
owing TO the holiday in London, pros
sure from that point was relaxed.
CALL MONEY EASIER.
The call money market worked appre-
clably easier during the afternoon, after
having ruled at - 10 p per cent. Large
amounts were loaned at per cent. be-
fore the close. and the rate fell to 5 per
cent. The easier rate for money did rot
induce any large ventures on the long
side IN stocks, but the bears were mani
festiy uneasy. and anxious TO cover snort
lines before the stringency in money re-
lakes TO-days advance In sterling eX-
change is believed to be evidence of re
taxation In the money strlngency. Al
Boston there was a sharp decline IN New
Y0rk exchange. Money continues to move
L. the South from New York, and the
Sub-Treasury is making drafts on the
local banks.
BONDS QUIET.
The bond market was quiet, aside from
am active demand Tor Standard Rope IN
comes and Kansas and Texas rs. Total
sales, par value. s2.7O5,o0 United States
new As. and old As, registered, advanced
Is I'm bid price.
The total sales Of stocks to-day were
G2l 40 shares. including Atchison, Ipo;
Atcl son. preferred s,4y5; Chicago, Bur
l1gton and Quincy, 6626; Manhattan,
1880: Missouri Pacific, $50; MISSOURI,
KcEsas and Texas, preferred, $3.50; Read
ing. LIST preferred. $40; ST. Paul, o,3iO;
Southern Pacific, 1915; Southern RAILWAY,
preferred, 100; Wisconsin, S,25l; Ameri-
can steel and Wire, 1870; American To-
bacco. 1920: Brooklyn Rapid Transit,
~ i45: Continental Tobacco, $40; FEDERAL
Sloei. 46 800; Standard Rope and Irvine,
l..o15: Sugar. $780, United states Leather
IS 735. United states Leather, preferred
66h. -l,-,,>-l,r
MONEY AND EXCHANGE.
Money on call firm at 5Q2O per cent; last
loan at 8; ruling rate, 10; prime mercah-
tile paper, 5Q5ie.
Sterling exchange firm, with actual bust
ness in bankers bills at $Lob@ Tor de-
mand and at AS2&0$i.S for sixty days
siS2.
Silver certificates. 5SA@59lz. Bar silver
5sls. Mexican dollars, 41A.
Government bonds strong. state bonds
f,octfva Uaflroad bonds steady.