The times. [volume] (Richmond, Va.) 1890-1903, 1900-11-02

THERE WAS LACK
OF SPECUL,A ton.
An Extra Dividend Failed to Inspire
Much Buying.
THE BULLS DISAPPOINTED.
The Conservative Element are. How
over, AGrccabIy snrprised-Con-
siderable Show Of Strength
In u.ar.
THE BULLS DISAPPOINTED.
fp. Asscciasea Prcss.l

NEW YORK. Nov. LA striking eVi-
dence of the constraint upon specuiaiioh
was given by the action OF the mar No
to-day on the announcement OF thS
claTaLion OF an extra oiSlueId U -
cert. on Pennsylvania Riirodd %r.
PREVIOUS to the announcement the stochs
had been lifted u point ana tiieii tesS I
When the news was builetlneo tiStS
was a spasmodic rise IN the stv SUI,
1;sois, but only one sale was mace az 10 a.
price. amer which il Tell pack EaIls ~
OCTOBER Pennsylvania sold pelo" i --.s.,.i
has been actively traded IN by eiei se.i. &C..
bull interests since that aIne, anu d . 80 80
variety OF assertions have been maoe %
10 the forthcoming benefits 10 the stoSh n
Reviewing these past conGiloHs, -
fair o assume that to-day acloh WAC
Il disappointment to some OF Inc acG,S
bulls in the stock, while it was cefteAiiS
an agreeable surprise TO the coLss S "a
tive element but when IL is c2hsusteo
that the net earnings OF Ile i eiiisS! :.
vaIia and lines directly operated py II
have increased during nine months OF
The year more than S6,pp,Vp ossl ~
corresponding period OF las. SsaA ,,,o "a
DAYS rate of distribution seems MOI
crate The extra dividend VIII lnsoise
the disbursement of little over sl,9ovt .,
900. The stocks net gain was rs, anu etio
trading WAS remarkably quiet.
There was a. considerable snow u
strength in Sugar The advance was a.
tended by runors that a break IN tne
prices Of refined sugars is itnihileht-
small to have any important euect on
prices The market closed with the lefel
somewhat above last night after having
been at one time a SAade lower "A SIN
gil, lot of Lake Shore sold ust before the
close at 213. after having SOLO yesterday
at 2lO. The closing bid was 2loa. NOM
ing could be learned 10 account .I, ioi ..i.s
small but urgent demand. The repres-
sion Of speculation is still ATTRIBUTED 10
the influence Of what is called the con-
trolling interests in the market
Nh. - -I,A l.A1 a
cent may have some bearing on the eX-
tye1ne duilIless OF the speculation Stock
market demands upon the money market
during the week have been extremely
moderate. and further receipts to-day
OF imported gold brought the total up
TO S:.,UOo oG0 on that account NOT dol
lar has been transferred to the interior
through the Sub-TreaSury since last tr1-
day That call loans should have stiff
fened today under those circumstances
argues some special demand on the
money market The demand IS probably
due to the making OF arrangements Tor
November dividend disbursements. and
Will therefore. be temporary, and fol-
lowed by an abundant return to the
market within few days.
The bond market shared in the dullneSs
of stocks and prices ranged lTregularly.
Total sales par value. S1,2400o0. United
States bonds We're unchanged on last
call.
sold to-day.
MONEY AND NEUTRALITY-SUSPICIOUS. on
call firm at 32.d5 per cent; last loan
At > per cent; prime mercantile paper.
per cent. Sterling exchange easy,
with actual business in bankers bills at
ss-S33s for demand and at S4.Sol4d4. SOS
for sixty days: posted rates. s.. 1914 81 u
and 81 So; commercial bills. S4.1914G4.S0.
Silver certificates. G4IGsfdeals; bar silver.
641a: Mexican dollars, 50la. Government
bonds steady: State bonds irregular;
railroad bonds steady.