The times. [volume] (Richmond, Va.) 1890-1903, 1900-11-25
DULLNESS ON
STOCK EXCHANGE
When Compared With Level of Recent
Activity.
CLOSING ACTIVE AND WEAK.
liquidation Was at No Time Urscn,
but New Buying Was Equally
LACKING Bonds Were
ctive.
CLOSING ACTIVE AND WEAK.
nv Associated pecss \

NEW YORK, Nov. 2I.-The most strik-
afiE point In to-day'S market was it's dull
ness ness. compared with the recent level OF
ACTIVITY. Neither the public nor the large
operators seemed To be taking any part
IA the market, and prices driIted rather
amnesty and hesitatingiy- The con-
c1atiy Steel and WiTe at the opening,
was Offset by the aggressive strength OF
others, Northern Pacific opened over a
point higher and extended the advance
later to over points.
there was Independent strength shown
at Inherent times by Union Pacific and
by the Southern Railway stocks, which
lifted them L to 21a points each. There
seemed TO be some mixing of the 1aVora-
bic character OF the bank statement be-
lore its appearance on the tape
The bear traders have circulated ru-
mors since yesterday that some mystic
fious influence was at work which would
spoil the good features OF the statement
ShoftS covered heavily in advance OF the
statement, and a general rally occurred
which lifted the whole market Well oyer
last nights closing: many STOCKS rls 'lnss
struck by the failure Of any large buy
ing demand to develop with Tie easy
money conditions indicated, and they put
out fresh shor. lines in the last few
minutes of the trading. making the clos
ing active and weak and near the lowest
except for the stocks where particular
strength had been shown.
me market at no time showed the
urgent liquidation which was the feature
yesterday. but new buying was equally
lacking. even when the technical question
became distinctly favorable. So far as
The known movements of money show the
banks received less than five million dol
lars this week. The increase of S753S, $40
SHOWN by the statement is supposed to
- cue TO some special movement of cash
from nearby cities, in which a single
bank has been concerned. This item hg-
..Afgeiy the deposit increase
than did the loan expansion of 81 ,S74, coo
inerelore. III spite OF the swelling of the
reserve requirement by nearly $5000,GO0,
the actual surplus is increased by
~ .GGS. 800.
An active business has been done in
bonds but it has at no time approached
January, 1883. Prices are generally
higher on the week. United States new
IS advanced z. the refunding IS when
ruling call price of a week ago.
Total sales Of stocks to-day We're 4o7,7OO
shares.
MONEY AND northumberland on
call steady at 4per cent; prime 1nercan-
tile paper. 1915 per cent Sterling ex-
change nominal. with actual business in
and at S4.S1A6i. S1as for sixty days; post
ed rates s4S2 and 81. Sc; commercial bills.
S4.Sol4 "A. s0a4. Silver certificates. 64A@
G31s: bar silver. G3A. Mexican dollars 30.
State bonds inactive: railroad bonds firm;
Government bonds weak.
WEEhlI1 BANK SIAIEMENT.-Ih
weekly statement of averages of the AS
ISOLATED Banks shows:
Loans. S192. "a. 100. an increase
of ..--.--. ..-.--.-....-.....S 4.s74, 900
crease of -. 11,7o1, 200
crease Of ,9.ss.,-se' 1o7oo
Legalo tenders, $G0,3s3.G0o, an
increase of .....--.. ......... 1,64S.SOO
Of s.0..'l-'.e.. go ~ - 5,ssoooo
increase Of -. '. ....... 1888, 800
IS. an increase a, ascot of - $3.50, 800
increase of .. 4,Gos.5o