Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-11-03
STOCKS ANIMATED.
MANIPULATION FOR a RISE APP
PARENT ALL DAY.
GENERAL LIST HIGHER AT CLOSE.
Very Little Activity, However. Is De-
veiopcd-Upward Movement Based
on Notably Easier Tone of Money
The Produce Markets.


market took on a show OF great anima-
tion and strength to-day, and some very
striking net gains resulted. The general
list however. though higher i'm price at
the close developed little activity. The
operations, which totalled $50 200 shares.
sold were largely confined to the pro.
fessional element. The upward move~
ment was obviously based on the notably
easier tone Of the money market.
Tie largest operations were by power
ful pools and strong financial interests.
which have at command money resources
outside Of the usual money market cir
clSs. The prevailing opinion I'm Wall
street is that prices Of stocks would
move upward easily II the obstacle of
stringent money w moved. Thu large
outstanding short rest I'm stocks has
been palpably W and any indica-
ton Of relaxation I'D the tigh ness Ct
money makes them inclined 10 cover their
short contracts. The professional pool
operations I'm a number Of prominent
stocks to-day were obviously directed
against the bear contingent, and with
good success
Ir ia probable. however that the large
buying ar other points is based on The
expectation of a rise in prices. on account
OF growing public interest I'm stocks.
" IS the period of the year I'm which.
unQcr normal circumstances. the extra
uses for money I'm the moving Of the
crops begins 20 show diminutiOn. releasing
large sums for employment I'm stock spec
ulnton. Expert opinion. however. rs by
no means unanimous that funds will be
released in the usual volume this fall,
owing 10 the marvellous business expal-
sion.
THE RAILWAYS
Outside the highly speculative indus
g.. l.
centered fn the Southwestern group. The
special strength and activity I'm Southern
Pacific helped the Southwesterns. and
was based on current rumOrs of readust-
ment Of control. The belated movement
i'm cotton was a factor Of strength among
both southern ana Southwestern railways.
There We're special movements besides IN
Cleveland. Cincinnati. Chicago and 81.
Louis and Chesapeake and Ohio, and
SOME demand Tor the Coaers.
Tine upward movement i'm the Iron and
steel stocks encountered difficulties. as
did that I'm Brooklyn Rapid Transit Spe-
culatiOn in Leather continued on an
enormous scale. that stock rising an e.
tremc 49,. Sugar was also very prom-
neut. and rose at one time points. There
We're notable movements In STANDARD
Rope. Peoples Gas. and Manhattan. The
extent OF the advance invited heavy real-
ling especially during the last hour. and
some stocks showed reactions of between
and points a the highest.
The general tendency was yielding, I'm
spite Of q fresh advance in Southern
Pacific 10 az and In Chesapeake and
Ohio TO %. The upward impetus at the
opening was caused by higher quotations
from London. and the effect was exdgge-
rated By the circulation Of a canard al
leeing a disastrous defeat Of the Beers
Manipulation for the rise was very APP
parent all day.
BONDS ACTIVE AND STRONG.
The bond market was active and strong.
the demand being very Well distributed.
Total sales, par value, @3s5.oO0; United
states old rs advanced a. and the IS,
new As, and IS y in the bid price.
The total sales Of stocks were $50 200.
including AtchsOn III Atchison, pre-
ferred. % 230; Chesapeake and ohio; 23.5eJ;
Chicago Great Western. $3.50; Chicago,
Burlington and Quincy $500: Cleveland,
Cincinnati Chicago and 81. Louis, II, &5;
Karsas City. =. and Gulf cyl; Louis
Vile and Nashville Li0; Manhatta1'
2S1SJ. Missouri Pacific. % $50: Missouri
Kansas and Texas. preferred, SGl5; New
Jersey Central. 51C0; Norfolk and West
ern. 1890: Ontario and Western. 5.CZ0;
Pennsylvania ex-dviderd. 300; Reading
Isl preferred 1925: Reading. % preferred,
800. Southern Pacific. 1850: Southern
Runway. $500 Southern Railway, pre-
Tered. 779S Union Pacific. 400; Union
Pacific. preferred. 5000; Wisconsin Cen
trail. leS: American Steel and Wire $50;
American Tobacco. 600: Brooklyn Rapid
Transit. $3.50; Colorado Fuel and Iron.
S.l7j. Continental Tobacco, l2.S25; Federal
steel. 3i450; Federal steel. preferred,
Se6o: North American, $500; Peoples Gls,
Il go. STANDARD Rope and Irvine. 80 sSi;
Sugar. 1?23G0 United States Leather
100 as; United States Leather, preferred,
10 So.
MONEY AND EXCHANGE.
Money on call firm at 4QS per cent; last
loan al per cent; ruling rate, 8 per cent;
prina. mercantile paper, per cent.
Sterling exchange firm, with actual bust
ness in bankers bills al N.SGAnAa for
demand and az $50 Sts5 Tor Sky, da,E,s'
posted rates, AAR~i.SS; commerciai DllS'
SiS2ia. .,~.-e,,
SILVER certificates 5psQjsl3; bar silver,
s.: Mexican dollars, IA.
Government bonds strong. state bonds
inactive. Railroad bonds strong.
Now York stock Quotations.