Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-10-24
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange. Bonds, Grain,
Cotton, Provisions, Etc.

New York, Oct 2s.-T,ho market gave
convincing evidence today tIn, o, u IN Wnil
Street. The dealings TOOK on more up
pearance of animation than at any tiine
since since the violent m d0%mws Situation first
began to awaken anxiety. DStlnES were
very well distributed in that almost everS
department of the securities marke5 was
represented In the advance. Handsome
gains In prices were achieved In many
prominent stocks and IN large number
Of cases the last prices were the best.
In other cases protit-takinE made notable
threads upon the days highest prices. and
some effort was obvious IN sustaining the
a noticeable feature Of the market also
that while number of members of a
distinctive group of stocks would show
bers of the Same group, seemingly DEEPEN
dent on the same influences, would remain
Louisville and Norfolk stocks advanced
vigorously, other conspicuous Southern
lines of railroads were quite unaffected;
Agaia while the aT us
scarcely moved and the Pacific stocks. in
Guiding Southern Pacific. showed very
The. New York. Chicago and ST. Louis
stocks were subjected 10 rather palpable
manipulation. the first preferred rising an
6 points. New York Central was also
vigorously bulled to a maximum price of
14O Tho high priced specialties. including
>
local transactions, were all oil them quite
aggresslvely strong.
The largest activity was in tho Leather
stocks and the buying in them continued
until the close. the common crossing 10
and the preferred touching ST. This
enumeration includes the most conspicu-
Gus instances of strength. There was at
the Same time II notable backward move
ment In Pullman. Laclede Gas and Ana
cconda, which show, net declines respec-
lively OF ", and 2 points. American
Mailing and one or two of tho Iron and
Steel stocks also reacted and Glucose
OF the strength OF the common stock.
How far the days strength was due TO
covering by tho short interests, which
common crcdence places at stili large pro-
portions. it would be difficult to say
The public had little to do with to-day's
rise. But professional operators of a large
calibrc took conspicuous and confident
part, OF the market. The continued down
ward course Of Sterling Exchange affords
relief from all apprehension of gold cX-
ports. But no prospect is dlscernblc of
easier money conditions. Call money to-
day was sitter at 6Gr7 per cent, and time
loans for all periods again came back to
Der cent. The exchange continued to
move In favor OF the interior as against
new lork Recent large expenditures by
the government show Il declining tendency
and thus threaten n renewed drain on
tho New York banks in taking up the
government surplus.
To-day's movement OF stocks demon
strates how completely the money outlook
was ignored. There was heavy buying of
Green Bay income ''B'' at an advance of
2is, Tho bond market otherwise was
Total sales par value, s3,S45,O00
United States SIS advanced lsc. and old
As. registered. declined hc IN the bid
price. The total sales OF stocks were COL
New York. Oct. o3.-standard OIL closed
at 4.G41aGli.65.