Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-11-25
STOCKS AND BONDS.
UNDERToNE IN WALL STREET UN-
MIsTAKABLY STRONG.
B. & 0. SHARES CENTRE OF INTEREST
They Rise an Extreme Of ~ Points,
and Close Only Slightly Below
Thnf-The Grains IOwcr-Proyis-
ions Little Changed.

NEW YORK, November 2i-The stock
market to-day showed divergent move
ments Of a few Of the industrlals and
handful Of railroad stocks A few con-
spicuous railroad stocks pursued an up
ward course. while the Industrials were
on the down-grade. The movement in
the railroads proved rather more inhuen-
tlal on the general list than that in the
Industrials. The undertone Of the market
was Enthusiastically strong. and I'm the lat
ter part OF the day the strength became
more general. Proft-taking before the
close reduced prices from the best. In
the body Of the active list net changes
are surprisingly small. and while the
majority are gains there are important
exceptions on the side OF the losses.
The Baltimore and Ohio stocks were the
centre Of interest The buying of these
stocks was large from the opening but as
the closing hour approached the dealings
assumed astonishing magnitude. Blocks
~ many thousand shares Of the preferred
succeeded each other in quick succession.
and were determinedly absorbed on n
constantly-risng scale price The buoy
ancv of the stock carried II mp an ex-
IRENE 81 points and the closing was
only slightly below that. The net gains
I'm the common was rs
There was a heavy demand for Union
Pacific. but proft-taklng met the adj
vance above 81. and its net gain was only
slightly over a point. Dealings in Penn
sylvania were on an unusually large
scale and II rose an extreme 24. with a
reaction Of Il. Hooking Valley stocks
gained over point each on the declara-
ton Of the first dividend on the preferred
FEVERISHNESs N GAS.
There was a feversh speculation in
Consolidated Gas before the announce
nent of the determination not 10 advance
the price Of the product. thus necessi-
tating a continuance Of the destructive
rate war. The stock sold up ~ and then
relapsed 81 and closed at fractional
recovery. The sensational collapse IN
Leather came after the rise 10 %. From
that point the stock sold down, without
any attempt at support 10 1884. A herce
and stubborn contest was WaRed around
IT, from which the supporters Of the
| stock emerged triumphant. after aDsoiD-
Ing the dcluge OF offerings
There were some evidences of strength
here and there AMONGST the Industrials.
notably On the Iron and steel stocks ana
Continental Tobacco stocks. a consider
able demand was due 10 the efforts or
Reports of British successes I'm South
Africa were used with some erect by
tine bulls. although London was a seller
ON balance in this market 81. Paul 8
third-weok statement showing am In
crease Of nearly Slf01 over last year.
and other favorable railroad statements,
had n strengthening erect on The list, as
did the placing If Hooking Valley pre-
ferrod. I'm the dividend list. with the
declaration Of the first dividend OK ll2
per cent
BANK STATEMENT EXPECTATION
The principal influence I'm the days
trading was the expectation that the
bank statement tomorrow would make "a
strong showing and thus give an impetus
10 speculation on Monday The Sub-Trea-
eury operations for the week show gain
bv me banks Of s.. 5000 As tho loan
expansion does not seem 10 have been
large. very considerable recupcratlOn
OF reserves thus seems assured.
There was good absorption or bonds
! 40 advancing prices Total sales' pa5
new As advanced 4. IN the bid price.
The total sales Of stocks were $500
| shares. including Chicago. Burlington and
Quincy 9150; Atchlson. preferred. 70 500
| Baltimore and Ohio. % Coo; Cleveland, Gin
| haitian. 1870; New York Central. $500
Northern Pacific 1880; Pennsylvania
% $50. Reading let preferred. 100: South
crn Pacific. n70: Southern Railway
! 800. DO preferred. 1923: Union Pacific
ST s97: DO. preferred. 1900; American Steel
Hoop. $50: American Tobacco. 2oll0,
Pr0oklyn Transit, 1870. Continental To-
bacco. 10 qS0. DO. preferred, $3.50; Federal
steel $3.50: Sugar 30 40. Peoples Gas,
o go: North American. $50; Leather 49,
| 7e0; do. preferred. STD
MONEY AND EXCHANGE.
Money on call steady an sac; last loan
AT o: prime mercantile paper, 5iaa6 per
cent.
Sterling exchange firm. with actual busl-
ness I'm bankers bills M SiSj3suAS6 for
demand and an $iSgtmS4S2ie for sixty
DAYS: posted rates. Sis2dAS2ia and SLSCi
ash 81: commercial bills. ASH.
silver certificates 5sNN59iz; bar silver,
| 90. Mexican dollars. 1914
| Government bonds firm; state bonds IN
active. railroad bonds firm.
BANK CLEARINGS.
The total bank clearings in the United
| states for the week We're Slt1i 3Jl o29. per
| cent Increase. III; exclusive Of New
| York. SOB 6i3 97; per cent. Increase, 1871.
New York stock Quotations.
Closing.
AtChisOn .............. ...s.s.sss...-.... .
! AtchisOn. preferred .................... ~
| Baltimore ana ONO ..................-- 1Fi
Canadian Pacific .......... ............ 10
Canada Southern .....-.....s.. ....... ~
| Chesapeake and Ohio ................. 23'.
| CHICAGO Grquf Western ............... lils