The times. [volume] (Richmond, Va.) 1890-1903, 1899-10-28
STOCK MARKET
OPENED STRONG
But Early Gains Were Dissipated by
Late Selling Movement.
The HIGH PRICED SPECIALTIES
Being Conspicuous in the Reaction
Anticipation Of Unfayorable Bank
Statement Responsible for the
Dccllne-Bonds sympathetic.

NDW YORK oct 27.--The stock mar
Ike made considerable ulspidy "l
strcngtA during the early hours OF lto
day Later there were occasional au-
1-anccs by Individual stocks or groups
some Of which saved gains on the GAY
but ia the majority or cases the acllFe
selling movement Of the last hour "ipeu
out inc early gains ana carried prices ID
some cases sharply below last night $
Qevel The motive for the selling was the
fear OF an unfavOraDie bank statement
tomorrow as we'll as 20 take attractive
profits on the weeks advance. Inc hlth-
priced industrial specialues and the IRON
and tcei stocks were conspicuous IN the
1ato reaction The most notable move
lrcnt OF me day was the rise In some OF
the railways running through the South
and Southwest. Louisville and Southern
railway led with an extreme advance ~
IA Missouri Pacific was a close second.
There was notable trmncss also IN MIS-
souri, ami Ohio. Chesapeake and ONO
Texas Pacific. Southwestern after carry
weakness and the Baltimore and ONO
stocks.
The large earnings shown by monthly
returns caused the movement Ine saihe
motive advanced The price or AtchiaD"
preferred and Northern Paclic. Inc spec-
u.auon was mixed during the greater part
OF the DAY. Many OF the le1dlh8 lhl"7-
trials driflcd up and down az leNel ON
either side 90 last nights price. DIS VIZ
true OF sugar. Tobacco. Manhattan aHh
The Leather stocks. he lasl nance MCI
ueactouQry early in The day. put me pre-
f.rred Stocks came into active demand
late iu the day. with rise OF ~. oihef
points OF strength az Inherent llWts W'i'
Rubber Republic steel General Elecliic'
Taclcde Gas Tennessee Coal 'oloiaoo
Fuel and chicago and Eastern illinois
preferred Sew YORK Chicago and ST.
Louis hrst preferred dropped over polnis
ON a single transaction without eNdlus
any attention There were various points
10 .r. D.
stocks OF companies having 90 90 Win
tine metal Industries were all inclined 20
heaViue-s Ou account or .lt i'"' ii"ii'i ,
tendency in fhe price az the metals
call money durred to lo per cent. WIN
"a late demand for loans to carry over
tul Monday. and was quite firm az I'D Q
per cont al day. According io sia ieht'.
bv the leading banks the NET shipments
Of currency 10 the interior both 10y eN-
,pross and by deposits at the Suo-IreasuIy
dlr telegraph transfer amount To apoNL
So r0uuI After allOwiug for receipts 'i
IA considerable sum in gold from me as
say 0nice by the, banks, tnrI loss $50. ~ Wv,
Sub-Ireasury stil amounts 10 upward %.
"a million dollars. Tomorrow stalrln' it
is therefore expected % show "a loss I'D
cash OF fully So 80 90 Unless The Joan
account of the banks has been largely ui-
unfinished 10 d. evident that ine surplus
reserve which stood last SATURDAY at oIhl
81 .O75. must have been wiped out ana
d deficit established.
The bond market eascd Oft .ale ih we
.Gav in sympathy with stocks. bur carrier
81. Inns wore not in an cases wiped nuI.
ifotal sales par values. S19l5o00 United
states bonds unchanged iu uid price. ....
The total saics Of stocks w.re ~ ,.. l,2
eor proferrod 1910. Dhesap axe anl
ohio COCO. Chicago. Burlington and
oluucv. $500. Louisville and Na-nf.IIe,
1850. N1nhlti4n. % t-' Nl-- Ii XIX
oia. .Irf0. Sew York Cent 'al hu-',
nj u o.. 10. q