Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-11-24
STOCKS NEGLECTED..
"CATs AND DOGS TAKEN Up AND
MOVED WIDELY.
UNDERTONE OF MARKET FIRM.
There IL Expectation OF n Good
Corn. aud Oats Jower-PrOvisiOns
Unchanged to TriGe Higher.


NEW YORK. November ZJ-lhe stoch
market. as a whole. continued dun and
neglected. while professional operators
worked their will with a few stocks
marking them up or Offering them down
successfully A singular feature OF the
very narrow market was the number Il
extremely low-prlced stocks. usually
designated as "cats and dogs" which
were taken up and moved widely.
number OF these were traded in at quo
tations under SO per share, and stih
others at about 500 or less Some or
these stocks DO not appear on the records
for months. and usually only on the cul-
mination OF a furious bull speculation.
which picks them for an advance, altt'
every other stock has been exhausted
Some of the individual stocks winch rose
Yesterday reacted to-day, while othef
stocks dominated by identical or CLOSELY
affiliated interests were moved 20 a hlSh-
or level 10 correspond.
SOME POINTS OF WEAKNESS.
There were some points Of weakness.
notably i'm the Anthracite group. on ac
count ~ the discussion Of new line 10
De- worked I'm presently, but the under
tone of the market was firm IN the eA-
pcctatiOu of a good weekly bank state
ment. The strength Of the Individual
stocks had natural tendency 10 Keep
The money market did not reflect any
increased lending power by the banks.
The demand for United states / per
cents of 1928 was am indication Of inc
.rdnsferonce of savings-bank investment
from the shOrt-tcrm bonds. when tnt
government is rcdeeming The redeemlnf
money so applied. or course. oHefs u"
relief 10 the money market Some Trans
fcrs are also being made from cover l-
ments into New York city bonds. the ls-
sue of which has been made TINS Week.
These funds. as soon as they become
available to the city. will find lhelr way
into the money market through depvsi
tory banks The bid price of both the
Ola as and the IS on the stock EXchang
has been raised to about the treasury
REDEMPTION offer The stiffness OF t.c
local money rate was sufficient TO- eau
further decline IN sterling eNchanbf
Inn spite of the hardening OF discounts ia
London. where there is general eXpec-
tation Of higher money
INDIVIDUAL MOVEMENTS.
Individual movements Of importance TO-
day were advances I'm the 'hlcaBo, in-
dianapoHs and Louisville stocks OF 90
each. which were afterwards
wiped out. a rise of ga i'm ConsoHuaitd
Gas. on the restoration OF charges 10y Il
connecting company. indicating ttrnl-
nation Of the war, gains OF lri t.'H i.'
the Baltimore and Ohio stocks. ana ol 90
and it reepcctfvcly for the metropolitan
Tsirvatod stocks. Leather rose consDicu-
ouelv "a. while the preferred reacted ~.
sugar was also strong. but did not main
tain its strength ou IFS extreme ti9e.
Ouite "a number ~ minor stocks show
gains Of point or upwards
Dealings I'm bonds were not large nul
prices were well maintained Total sales
par value $4,000. United states 5s. new
rs and SIS advanced y IN the bid price.
Tho total sales of stocks were 1880
shares. including Baltimore and Ohio.
SSS7: Chesapeake and Ohio 1850. CleVe-
land. Cincinnati. Chicago and ST. Louis.
$50: Reading. LIST preferred. 10 SO; south
ern Pacidc 81 ESQ: southern Railway. $3.50,
90. preferred 1880; Union Pacific, $50
American Smelling and Refining. 36il.
American Tobacco. 1850: Brooklyn Rapid
Transit. S.735. Federal steel. 1880; sugar.
"A. $50: New York Air Brake. lSn; United
states Leather. 352s0; do. preferred 49,
10. ...