The times. [volume] (Richmond, Va.) 1890-1903, 1899-11-02
THE MARKET
WAS SPOTTY
Railways Fell Into Background and
Industrials We're Active.
THE BOND MARKET WAS QUIET.
Money ON CAN Apprcciably Easier,
Large Loans Being Made alto
Per Cent.--Money Continues
TO Move South.
THE BOND MARKET WAS QUIET.

NIyv YORK. Gov I.-ro-day's stock
market developed "a decidedly spOtiy
character. Inc railways zen INTO lhe
background again, ana the speculative
induslIfals were brought forward into ac-
tftffy An effort was made 90 continue
Tie CAMPAIGN against the shorts IN the
iron ard steel stocks, but the higher
prices in these brought out such large
sales that the EFFORTS TO advance prices
had to Zoe abandoned
The whole group. with the exception OF
Tennessee COL. shows net losses. The
latter stock after dropping 10 ll6'& rose
strongly To- lls and hold there when the
movement in the iron and steel stocks
proved aboruve. the bulls turned their
attention To- Brooklyn RAPID Transit,
which WIS q favogltc In speculation Tor
the rest OF the day The movement I'm
this stock was again directed against the
very heavy Short interest believed 90 eXist
IN b. and the rapid advance induced large
IvLcn the rise had extended 10 above
o. enormous blocks were brought OUT
which made 10 difficult 20 sustain the
price qIi- stock rose 20 aOl2 yielded q
tsoint rallied again, and yielded a small
traction THE sew YORK traction group
was strong THE Leather stocks were Also
taken up for further aggressive ADVANCE
the common touching 81 ana the pre-
fefred N4 sugar was active ana liieeu-
MAR I..f show. no. net gain. me lpDdclv
stocks were weak early. but r1lled AVER
There wer. Isolated movements IN MIS-
souri, Ean-as aud oXas ana Souli ID
preferred. Wisconsin central Ne" ~
AIR Brake and Standard Rope, Whicn
v--ro nr strong. Mating preferred
dropped g points. otherwisf lhe laa.,,tt
vaF hot very active and the movement
of prices was narrow, ntl eil.a-e' az. r.,
small and mixed. Owing io tnt no.l1'. tn
1.oudon. pressure from THAT point was gee
Taxed. ....,.., ammo.
ciatfr castor during the afternoon oL.li
lqdnr ruled 1f BE- 90 - per cent LNise
amount. were loaned no q per cent before
tho close. and the rate fell 10 " PCT c.hl'
Thc easier rate I0T money old not lhduDo
amy large toutros ON the long sue I'D
stock. but the bears were malLe-llE uh-
c..v md anxious 90 cover short lines
before tbc strlnrcucy in money relaAe7.
To-9uys advance in sterling eAchtHte
IS believed 20 De- evidence or "a lclaA you
an the money strueucy. Al Boston thtic
wa sham decline in New York eN-
change. Money continues to move 10 lhe
south from New York. and me ouo-i Ieds-
urv BIS making drafts on the local BANKS
The bond market was quiet ASIDE lioih
am active demand Tor SlalddIu IVY t''
comes and Kansas ana Texas ee ii.'ia,
T.tel soiee uar value. S21O1U0o tmtDd
states now as and old As registered au-
vanced q I'M tho bad price ,.,, 400
Total sales of stocks to-day were o-i'f. ~
shares Including AtchisOn, 4IOo. 40 pre-
f.rr.5 X tq5. Chicago. burlington ana
Onincr Go2G. Manhattan. 1880 missouri
Pacific. 500. Missouri. Kansas ana IeAas
preferred. $3.50. Reading hrst pIT r,e..,,..
q 40. ST. Paul 5,alo, oou'neIu --1lt..
80 az. Southern railway preferred. GAu.
Wieconsln. 92Gl: American steel ana ana
Wirs 1880. American Tobacco. I H.S,i
Prooldvn Rapid Transit 2l@, l43' Soii.I-
Lltli d-ob9Ceo $40. Federal steel 4b-
~ southern Rope and Irvine, l2'g p.
Suqar. 371G0; United states Aea'Hei' Oo'-
Is. DO preferred 6iOoo.
MONEY AND ENCHANGE.--Money on
Ill frm AT 800 per cent; last loan al -
pcr cent, rulng rate. - per cent pIiiine
mercantile papey. 5WJi2 per cent oteillns
l.,t,o,'re ann with actual business in
baEkers. bills az sisT4 for demand ana
at SfS2s,G9 ; for sixty days, p9slea,
retes $500 IS. commercial bhls. S4'o-.
eliSor certificates. 81. 009&, bar silver
Seit. NTex.can dollars. 47A. oyernment
%onds strong. State bonds inactive, rail-
road bonds steady.