The times. [volume] (Richmond, Va.) 1890-1903, 1900-11-01
STOCK MARKET
WAS .APAT |HETIC.
Business Strictly in Hands of Pro-
fessional Traders.
PRICES ON A LOWER LEVEL.
Bears offered Prices Down Near Tho
Close, and Some Sharp Declines
We're Established - Bonds
Gave Way in Sympathy.
PRICES ON A LOWER LEVEL.
sES Assoc.ated press.)

NEW YORK. Oct 31.-The stock mar
ket became stil. further involved III
apathy and inditerence to-day Business
was strictly III the hands OF professlonaI
traders, and they did not push theit
transactions in a very energetic manner.
he rally which developed late YESTERDAY
in sympathy with the sudden npWata
movement In Southern baclnc 1etdiaeo
ssonle force this morning; with the esi-
aence Of continued buying in that siock-
The opening level OF prices was hlShe'
than last 1uHtlt, and this was turther az.
vanced. but when il became evident Ina. s
buying orders in Southern racine iiat
been filled the market fell into Il soit "
lethargy. The resulting tendency 10 sag
developed very guadualiy until heat tite
close. when tila professional bears LOON t;.S'h
courage and offered prices down. me
experiment proved that bnSlhS oios,a
were very scarce Tor q cotlside i,. aols
range below the market, and some sharp
declines We're established before .-lsesiiiS
any change.
The market closed below last nights
level ali around. The weakness was most
noticeable in the high-priced industrials,
7lie local fractions and the steel stocks.
Northern Pacific fell almost point be-
low last night, while in Southern PACING.
Union Pacific and Missouri PACING the
decline from the best was a point The
influences affecting the market were the
same as yesterday, namely. a disincilna-
ton to enter further on speculation until
after the election.
The decline in Tennessee Coal was coin
cidel1t with the reports of dissatisfaction
ish. s. bushei The market tor c.S~itea
~oods thand-picked) IS quoted as 1olloWS:
with the management
The money market continued quiet and
easy. but il is not Improbable that further
prospects have represslve tenden ICY
1ipon speculation. Receipts of Sl,1o0,000
in gold from Europe to-day and Sub
Treasury payments on account OF klon-
dixie gold We're influences on the money
market The report OF Sub-Treasury
gained from that institution since Fri
day 1,f54. GOO. but it is to be remc1nbere6
that the banks drew over the counter at
the Sub-TreaSury on Friday last some
&; zoe 900 on account OF Australian gold,
so as to figure in last Wsek IS bank state
lnenI thus accounting Tor the unexpected
increase in the cash reserves on saturday.
While this transaction has already
figured in last Saturdays bank statement.
II is included in this weeks statement of
the Sup-Treasury operations, and must
be allowed for in estimating next Satur-
DAYS bank statement from the Sub
Treasury figures Discounts both in Lon
don and in Berlin advanced sharply
to-day
Bonds gave way at some points in SYM
patbv with stocks after having shown
Strength! sirens in the early dealings Total
sales par value, S1,I95,0oo. United States
bonds were unchanged on the last call
Total sales Of stocks to-day Were 229, $40
shares.
MONEY AND EXCHANGE-hToney on
call steady at 3d4 per cent: last loan at
3 per cent: prime mercantile paper, !a6
per cent. Sterling exchange firm, VII n
actual business in bankers bills at S4.S4
for demand and at S4-SS$s for sixty days;
Iosteti rates. S4.S1@4. Sila and Sis; COM
merciaI bills, $4-S13aG4,S2 Silver certit1-
Gates. G4AG6i12: bar silver, t4A: Mexican
dollars 5012 Government bonds steady;
State bonds steady; railroad bonds
irregular.