The times. [volume] (Richmond, Va.) 1890-1903, 1899-10-14
TEMPER OF THE
MARKET BEARlSH
Strong Opening Soon Gave Way to
Their Attacks.
SOME WIDE STOCK MOVEMENTS.
Dut as "A Whole the Market Was Leth-
argic-Many Sharp Declines
Notcd-Moncy Was Easier.
Bonds Fairly Active.
SOME WIDE STOCK MOVEMENTS.

NEW YORK. oct 13--Thc temper Of
speculation was Octcrmincdly bearish to-
day. and aI bat the favorable incident
ais were pcrsistcntly Ignored. lhe feac-
tlonary spirit found MS chiei vent by
sailing Brooklyn Rapid Transit Ihdt
stock was easily the leader in point OF
activity. ana although the dealings did
not approach the high-water mark OF a
Few weeks ago. the unsupported cohoiuon
OF the stock and the large blocks OUcrcd
a rcsumr don of late change. MetrOpOli-
Tan Street railway seemed 20 show acute
sympathy. Manhattan was little auecl-
co. and the New York gas STOCKS were
firm u tome There we're some wide
movements I'm stocks not usually promi-
uent but the market. as "a whole. as no
time awoke from "a condition of lctharBy.
New York Air Brake made characteris-
ttc fan OF points. and the Flower group
as a whole. except Rock Island, was nOia-
bly, weak in sympathy with Brooklyn
Transit
Offerings OF Sugar and Tobacco were
greater than could be absorbed, ana noth
stocks showed sharp net declines. me
American Mailing stocks were dcuteiy
depressed, the common losing 2lz and pre-
fcrred g. The industrials were more al
fcctod than the railroads. the movement
in the latter being confined TO narrow
limits. except for few stocks. l.dcicue
Gas rose conspiCuOusly points ana
Great Northern preferred over a point
The market scemd rather firm Tor O
time CURING the ilniNliirt hAt tA' ny
tent weakness of Brooklyn transit Diohc
through the resistance. can loans were
decidedly easier again. the maximum i"le
jOrltv of the days loans being maze a1
not exceeding 30 per cent. ana lit Ild-
q Der cent or below. This did not prevent
q slight reaction in sterling exchange
rates in sympathy with the easier tone OF
the foreign money markets. mus ul97i-
patins fears OF immediate gold exports
Preliminary estimates or the week
movement Of money give prospect OF
slightly improved condition i'm to-mor-
rows bank statement The dlspurse-
meuts Of cash by the Sub-IreasurY on dc-
count of Government payments have also
exactly offset IT'S receipts ON account OF
revenues But the banks have deposited
al She Sub-Treasury for telegraphic
transfer 20 the interior Sl.O12OOO so lar
as the money movement 10y export is
concerned the banks are estimated TO
have lost less than S1jOoOOv. The heavy
outward movement early I'm the week
has been partly Offset boy large receipts
later in the week. This would Indicate
a logs on the interior movement Of about
$4,000. Against this there nave peen
receipts of s. 10000 of foreign goa ana
about $4,000 hy cashng of drafts ot the
San Francisco mint on the SuD-IredeurN'
making total of about S5J,bplN inns
would indicate net gain 90 ine caSh re-
serve OF the banks of over flolO1oO IRE
banks have further reduced their loans,
so that there SIS q fair prospect OF "a mod
FTNfN increase AIl AI|t SUI l'iNf' lN''.
The first navmcut Of anticipated interest
ON Government bonds viii be made ON
Monday ut the Sub-Treasury but the
prosnects do not indicate that application
VIII De made ON a large scale, although
This navmout is without rebate.
The bond market was moderately active,
and price changes were mixed Ioial
sales. par value. 81, 5000. United states
8s declined Is and the new As advanced
}. in the bid price
The total sales Of stocks were 3l9|H
shares. including Chicago. Burlington ana
Quincy. e $50. Atchison preferred. l3.|o'
Louisville and Nashville 2ONlO. Manhat-
tam. G. 100: 81. Paul. 1870: southern Pa
cinc 1900. Union Pacific preferred. 500;
American Tobacco 1910, BROOKLYN
Rapid Transit 72GS0: Federal steel
$50. Pacific Mail. $3.50 Sugar 5000;
United states Leather, 1880
MONEY AND EXCHANGF.-Mon on
call slightly caser 40 4lr1i2 per cent; last
Joan at A. per cent Prime mercantile
panor 5is0G per cent. Sterling exchange
easier. with actual business I'm bankers
hills at 81 SG5.lf4 Slai for demand ara at
81 S2a.04 S2i1 for sixty days. posted rates.
81 S2tsa4S7t,. commercial bills, 81 ella.
Silver certificates, $3.50. bar silver, jsk;
Mexican dollars ~. Government bonds
irreruar. state bonds inactive railroad
bonds irregular
BANK CIFARINGS-Total bank clear
inps in the United States for the week
were 81 so 1G9 $50: per cent. increase,
Bill Exclusive of New York, $3.50 .314,-
164: per cent. increase. 242.