The times. [volume] (Richmond, Va.) 1890-1903, 1900-11-15
7S-17- $780,
THE N0L=UlI
TRADING Err
Reaction of Prices Checked and Quite.
a Show Of Strength Made.
FINAL RALLY LACKED SNAP.
And the. Marict Cltscd Irregular.
Gail Money adYancctl To S Z Per
cen,.. and. Time s..ncy Market
Continued Firm and Active.
nv Associated Press. )


NEW YORK. Nov. 1.-THE stltkins
FACT abou, ,e-caS's stock market was Ss., t w
decreased volume OF traoins- ,, 10 !,
DAYS reaction was checked. anu W.. .ss, a.. 40
afterwards, but there was no 5reh 'saa ~
the inordinate buying Wn .,s..,,,,,a iast
prices up with rush all through ias.
week. ~, into
an affair of ordinary Importance. pus,-
ness continuing on large scale Com.
pared with the normal. but the luos init III.
of prices obviously Depending On do
cline induced some selling orders ii on
outside sources this morning, Due J,o
l4Swerfnl support by the bun pooiss 800
checked the decline and secured control
of the market almost Immediately. nc
was some small buying LOT Lui.uo o. to-
count. but 1t was not potel1 1eet
IN the market
il is probable, also, that there was
some buying from speSulat tive .ln.eI mere 80,
which have been watching loi d .S III
ever since the election. Inc l,er5 1ay level
off as prices rose above yesterday iese :.
TIL most effective movements OF the Gay
We're in PENNSYLVANIA and NoIthe,n a.
ciffc. There We're vague TEnors ANA %
further deals by the Pennsylvania Soh-
pany of the same haracter as lHe series
of requirements of stock In otffer com
panieS earlier IN the year. Inc accom-,
pany strength of Baltimore and ONO ana
Norfolk and Western was intended to
give color 10 these rumorS. but no autloi-
itatiye confirmation was ioftncoLiiLs'
and Pennsylvania was hishiy fnanipu ~,
lated ali day. The buying OF Norlhern
Pacific. common and preferred seemed
OF q more substantial character ne
statement of the condition OF me issued
by the directors, followlng. lhe. o,ss S;,.os
for the buying
The movement in the local traction
stocks and in General Electric grew Out
tf,f ~ a
waited Company as to electrical equip
inent and friendly evaporation OF the
Metropolitan Street Railway. The ad-
vances extended all the way from rs in
These stocks about measure Inc dlmen-
sions Of the upward movement, gains
elsewhere being for the most part IN
sympathy. Consequently when heavy real,
ring developed In Northern Pacific and
Pennsylvania which practica !ly wiped
out their earlier gains, and In Manhattan,
the whole market turned weak s aga again;
and Tell back to an average level about
as low as that of the morning
There was nDal raiiy, but It was
lacking in snap and was not We'll main
tanned, the market closing Irregular. Pa
cific Mali, Linseed preferred and one or
two OF the steel stocks were actively
reactionary.
Gail money got up to @ per cent again;
and the tine moey nmarket continued
firm and rather active. Approximations OF
a money squeeze was an influence in the
more cautious attitude OF the speculation,
hui the fact that the public demand Tor
stocks has evidently been stated for the
time being is the. preponderant TACT OF
the specuia ton.
The bond market was irregular In sym
pa1hy with stocks. Total sales. par value.
S..3.u.UUo. United States refunding rs
declined u, and the IS registered aG-
vanced = and do. coupon Is on the last
call
Total sales of stocks to-day were 92e.-
400 shares.
MONEY AND EECHaNSiE.-Nfoney on
call steady at 21-a6 per cent; last loan
at 3 per cent; prime mercantile paper,
41sdlA per cent. Sterling exchange
steady, with actual business in bankers
bills at 81. Sil.ad SAX for demand and at
81 So3.@ .SO5s Tor sixty days; posted rates,
81 SlIa6I .S1ls: commercial bills. A.St1
4.S0Ia. Silver certificates, 645aa61A; bar
silver, 641S: Mexican dollars, 5Uil- Gov
eminent bonds irregular. State bonds in
artir,..e pa ;lrpa5 bonds Irregular,