Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-10-24
STOCKS ON THE RISE.
EVIDENCE OF A SUBSTANTIAL
GROWTH ~ BULL SENTIMENT.
GAINS IN LARGE NUMBER OF CASES.
Last Prices the Best I'm Not a Few
No Prospect of Easier Money-Corn
Leads Grain Markets and Gnins
7-S-Ofhcr Markets.

NEW YORK. October 23.-The stock
market to-day gave convincing evidence
OF a substantial growth of bull senti-
menf in Wall street. The dealings took
on more appearance OF animation than
M any time since the violent downward
course Of prices. when the money situa-
ton first began 10 awaken anxiety. Deal
ines were very well distributed. I'm that
almost every representative OF the securi-
ties market was represented i'm the adj
vance. Gains were made I'm large num-
her Of cases. and the last prices were
tho best IN not a few In other cases
proht-taking made inroads on the highest
prices.
1t was n noticeable feature OF the mar
ket that while a number Of members Of
a distinctive group Of stocks would show
great strength and activity. other MEM
bors Of the same group. seemingly de-
pendent on the same Influences. would
remain quiet and almost immovable.
Thus. while Louisville and the Norfolk
stocks advanced vigorously. other con-
spcuous southern lines Of railroads Were
quito unaffected. Again while the Grang-
erS. as "a ruie. Were strong and active.
EC.thWCstcru scarcely moved and the
Pacific stocks including Southern Pacific.
showed very slight response 10 the pre-
vailine strength. The New York Chca-
go and 81. Louis stocks We're subjected
To rather palpable manipulation. the first
pref rising am extreme points. New
YORK Central was also vigorously bullod
- "a maximum price Of TO-
THE SPECIALTITS.
The high-priced specialties. Including
SUGAR. Tobacco. and Peoples Gas and
the local fractions were AN quite aggros.
| sively strong The largest activity was
~ the Leather stocks ard the buving I'm
| them continued until the close. tho com
mon crossing 10 and the preferred touch
! lhs NJ This enumeration includes the
/ most conspicuous instances Of strength.
ihere was nj the same time a notable
backward movement I'm Pullman. Lac
leue Cas-. and Anaconda which showed
het declines OF - 8. and points resnoc-
uFell. American Mailing and one or
TWO OF the Iron and Steel stocks also
reacted. and Glucose Sugar. preferred.
dropped . points. IN spite OF The strength
or The common stock How far the
strength was due to covering by the
snort interests. which common cr0douco
pieces at stiH larger proportions II would
| be ni'lcut 20 say. The public had little
10 do With tO-day's rise. But profess
slona operators Of large calibre took n
| CONSPICUOUS and confident part I'm the
operation
The continued downward course Of efer-
ing exchange afforded relief from AN ap-
prehension OF gold exports. But no pros
pee is dieceruible Of easier money con-
/ diione. can money to-day was sitter
at C01. and time loans FOR all periods again
came back 10 per cent.
EXCHANGES STILL AGAINST NEW
YORK.
The exchanges continued 10 move I'm
favor OF the interior. as against New
York. The recent large expenditures bv
the government show declining ten
uencN. and thus threaten renewed drain
ON the New York banks I'm taking up the
government surplus. TO-day's movement
Of stocks demonstrates how completely
the money outlook was ignored. There
was heavy buying Of Green Bay. Income
-, az an advance Of 2is. The bond market
otherwise was moderately active M adj
vancing prices. Total sales. par value
$jA5.ocO. United States 3s advanced ..
ana old IS. registered. declined u in the
bid price.
The total sales Of stocks were G91 300
shares. including Atchison. preferred. p. =
80; Chicago. Burlington and Quincy. b.
goo; ROCK Island l05S0: Louisville and
Nashville. 1925; Manhattan. 1880, Metro
pohtan street Railway. $500: New York
Central. $685. Norfolk and Western. 6 100,
Northern Pacific S.6Z5; st. Paul. 1717i;
Southern Pacific. 1880: Union Pacific. 49,
.Y; Union Pacific preferred. 1926: Amer
lean COttonseed OIL. 1900: American Steel
and Wire. 500: American Tobacco. %.
4"fs A'ilt4I~Nlal Itbdttts tsl1t. B eNfftl
steel. 1850: United States Leather. 121. 40:
United States Leather. preferred. 20,25O;
Sugar, 1860; Peoples Gas. 1910.
MONEY AND EXCHANGE.
Money on call steady AT sal per cent.
last loan, b; prime mercantile paper 5d5is
per cent.
Sterling exchange easy, with actual bust
ness in bankers bills az AS6& 0slT for
demand and $iS22 0$iS} for sixty DAYS;
posted rates. siSi0N.Srh and sL8dSLSSs:
commercial bills. 4.S2
Silver certificates. 5Sit059. Bar silver.
5ls. Mexican dollars $50
Government bonds irregular State
bonds inactive. Railroad bonds strong.