Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-11-10
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonds, Grlla,
Cotton, Provisions, Etc.
These Are Closing Sales
Each Day.

New York, Nov. 9.-To- day will
prove a memorable one in the history
of the stock market, both by reason OF
the amount and the great variety of
the business done. The aggregate
number of shares of all stocks traded
in footed up no less than 1.544,00O
SHARES of listed issues, and the num-
Der OF different stocks dealt III
amounted to Ia issues. There were
none of the enormous individual trans
action which showed in the excited
trading and extensive buying of We'd
nesday. Neither was there the synch
ronouS movement of the whole mar
ket which was so conspicuous on We'd
nesday, including the brief period of
reaction after the first upward rush of
prices To-day's market on the con
trary was exceedingly varied and In
regular all day, and the furious activ-
ity continued without intermission or
abatement from the opening till the
close.
Different stocks and different groups
of stocks were successfully brought
forward into the advance and sue
cessively yielded to the pressure OF
profit taking sales, while spectators
rushed to another group. transferring
their profits from one quarter of the
market to be invested i'll another.
Nothing could be more characteristic
OF genuine bull market in full swing,
but fact that the rotation of the spec
ulation brought it around into the
railroad group again before the day
MAD elapsed added to the confident SEN
timent for the advance. At the OPEN
ing and during all the earlier pare OF
the day, the railroad stocks were dis
tinctly under pressure. Northern Pa
cific and the whole of the Pacific group
as well as Pennsylvania ruled under
last nights closing level. But under
the sustaining influence OF the
strength in other points in the mar
ket, the profit taking in the railroads.
including continued heavy selling for
London account, proceeded without Sc
rious impairment of prices. The To-
cal traction group and the mercurial
industrials, including Sugar and Peo-
pies Gas. continued yesterdays up
ward rush for q time. and then sue
cumbed to the season OF profit taking.
Speculative interest shifted to the
steel stocks and ultimately carried
most stocks in that group upward from
to over 8 points, the latter figure for
Steel and Wire. which came late into
the movement.
The demand for these stocks and
their gains were. on the whole. the
inoSt Conspicuous and we'll sustained
of the day. The coaiers advanced as II
group Reading first preferred leading
with gain of ga They were follow
ed by the Grangers, Missouri Pacific.
Baltimore and Ohio. Norfolk and West
ern, some of the Southern railroads.
ana during the last hour Sugar and
the Pacifics generally. The forecasts of
the weekly cash changes of the banks
were not altogether reassuring, but as
the call loan rate failed TO give any
warning indication of a scarcity of
funds, speculative activity was con-
tinued up to the close, but
with some signs of unsteadiness in
prices.
The bond market was strong, active
and broad to n degree corresponding
with that for stocks. Total sales, par
value, $4,000, OC0.
United States new As advanced -
and all other issues except the regis
tered SIS Il per cent. on the last call.
The total sales of stocks to-day
reached 1,5i4,S00 shares.
New York, Nov. 9.-Standard Oil,
655@66o.