The times. [volume] (Richmond, Va.) 1890-1903, 1900-10-25
STOCK MARKET
BROAD AND ACTIVE.
Wide Fluctuations Offered Advan-
tages for Speculation.
OPERATORS WERE KEPT BUSY.
There Was a Sharp Decline in Prices
and the Market Closed Active
and Weak at Level Mate
rally Below the Best.
lRr Associated prcss.l

NEW YORK oct. 24.-To-day's broad
and active market and the wide huctna-
tons in prices offered excellent oppoflu-
mites for speculation, and all classes Oh
professional operators We're very busy aii
day. The broa..y-detined movements
which dominated the action OF the "iio1S
marhet We're themselves unCeE coiioi Va
powerful speculative ciiques, ana iiet '
We're indications OF cooperation between
the pools which Were manipulating o4i
1eTent portions of the market
Following this effective leadership anu
busiiy occupied in bringing forward ti!e
less prominent stocks in the llSt 10 con-
form in prices to the changes in the ieao
erS was host OF Snlail traders aitu
board-room operators, who We're III aiit
out OF the market many tunes duIihb cue
day. When The very active buElilS oe
mnnd had been pretty well Sausileo, aiio
many OF the professional traders lad sola
out and taken their profits, they tooh
advantage of the soft condition oil ttie
market, due to large holdings OF stocf.
having passed to weaker hands, 10 pul
out short lines for turn. The resulting
uecnne in prices increased the pressure
10 realize, and the market closed active
and weak at a level materially below the
best. but with some striking net gains,
nevertheless S,renaining.
The backbone OF the days market con-
sisted OF the strength Of the tranScoil-
mental group OF railroads lying beyond
the Missouri River Northern Pacific and
Great Northern themselves were SOLD TO
realize on an enormous scale, and the
former stock, with the exception of i
brief interval, was held below last night S
level all DAY, but the other members OF
the group and Pacific Mail were very
buoyant during the early part OF the DAY.
There was a very large speculation also
in PENNSYLVANIA, and 1t was animated
by the vociferous element that the dlNl-
dend rate is to be increased next month
The strength from these stocks rad1ated
through the general list with greater or
less effect. Active buying OF Sugar helped
the rise in the spectalnes: NO oflclal
confirmation was forthcoming OF any OIL
The days runorS, and repreSentatiEcS OF
The Huntington estate diScredlted the
allegations regarding changes OF control
in Pacific Mail That stock, after rising
3ia, broke IA points, having no sIna!l IN, m
tiuence in the weakness OF the whole list
in the late trading. Other leaders in the
advance suffered TO the extent OF to
1l4 points
news of the engagement of an additional
81 500 O1O of gold for import The weak
ness of foreign exchange with corn bi!fs
coming largely into market, ana the
further decline in London money rates,
Justify The expectation that further gold
Imports are imminent. The S1,tp0oGo
Withdrawn from the Bank of England to-
day Is not likely to ind its destination
in New York.
There were weak spots in the bond
market to-day. and it did not share fully
in the great activity of the stock market
Total sales, par value, S2.035,o0o. United
States Government bonds We're all ad-
vanced ]. per cent. on the last call.
The total sales OF stocks to-day were
3d., 800 shares.
MONEY AND ExCHANGE.-Mon on
call firm :fGla per cent: last loan at > per
cent; prime mercantile paper, 19o per
cent Sterling exchange weak, with &C
1iai business In bankers bills at S4S5rs
for demand and at S4.SO1a for sixty days:
posted rates. 81. 81 120t4 81 and "a S412tI3 81
,cnrnmarcial bills. 81. 79a4d4. sou. Silver
certificates. 64l.165E; bar silver, Co;
Mexican dollars, 81 Government bonds
strong. State bonds steady; railroad
bonds irregular.