The times. [volume] (Richmond, Va.) 1890-1903, 1900-11-06
STOCK MARKET
VERY ANIMATED
The Best Prices of the Gay Very Near
Top Level.
TIE MONEY MARKET FLuRRlED
A Loan Of a Million pIac. d at Fifteen
Per Cent. and lwenry-.'.ye Was
ASKED. Tut the Ea,e Fell TO
Ten Be.ore tic Close.
fpy Asseciatea PEess.l

NEW YORK, Nov. 5.-Therc was a very
aToeIi speculative spirit nalItIest IN me
stock market All Gay. It WAS reprcssed
at tunes py the oluIcuiry OF securing ac-
commentator IN the ioan market, put be-
tore the cay han ciosed Inc market burst
into great animation aater iouuwits u re-
lapse in ille catt-.oan ;t~ee, ai4a tlIe &C
usIty coat4nueQ Up 10 Lue clooe, Almost
Wholly iSiioIiiis a recovery IN tiic money
aats 70 ABOUT lne top iaIc Oh the inei iiiiS'
lahinS OF 4uIcK pioiits by roo-h Iiauets
mace some sIlSnt impression on prices
here aitd tteIe, Dut JIie last prices were
BeiefaliN Atfy near me top Inc lee.lAS
N eaJi otreet THIS morning was that fil-
Jay juIni, IN The c<iIi-Iosii rae ~ p'Sit
iue 10 manipulation; tiet SatGruay Ddnk
statement Gid not truIy represent TIE
atal4aDIe resources o. me baiihs, ana III
short, inat ali OF the usually tfustwortly
if!Gicailo:: Of a pincn in the money market
vas misleading and arLrc!al 1t Was III
fhls spirit Lnel Spectators rushed 10 phy
STOCKS at, the opening. they raised prices
from I52 po.ntS over SATURDAY ieVei IN IL
-aIge nliinDer OF prominent STOCKS ~.thih
lew minules. Insn Began the calling oil
loans by some OF the banks.
Loans mace To-Day carry oyer until
Wednesday. and when SPECTATORS began
10 JOCK sLout TO ma new Recommendations
with which 10 carry their holuInSS over
election Gay they ran the caii-loan rate
III, rapidly to - per cent The Jrst loans
we're mace at 10 per cent One bipher
placed one million doiidCS at mat rate,
another ml.Ion at l., per cent, and then
demanded % per cent. Tor a million more
This suddenly checked the ANIMATION OF
the stock market, and was followed by a
period OF contemplation
a suspicious feature of the market at
this time WAS the iaI &C nufnper OF trans
actions iof cash ana the small concessions
from the ruling pEi.es at winch these
were quoted ] he condition III the money
fn,yk-sI course. RESPONSIBLE Tor
this. Anen the rates Tor money tell
away To 10 per cent, asain the specuia-
tors very promptly awaited themselves of
Inc resources offered and rushed prices
UP 10 the top level oil the day The
strength in the market. was very general
and. on the whole. quite UNIFORM. The
steel stocks, the prominent industrials
and the southern AID southwestern rail
ways. especially the atchisons and Union
Pacific, were the leaders in point of
strength, with gains ranging from to
~, pei cent. There is no ooubt that very
considerable loans on time We're secured
last week TO guard against the possibility
of an unsettled money market after the
election. The same Ieeilng prompted The
Withholding OF funds to-day for specula-
tive purposes, except on the most APP
proved collateral. 1t is the belief in Wall
Street that money conditions will relax
during the course of the week.
United States new as advanced Il and
the old As declined Is per cent on the
last cali. Total sales Of bonds, par Waite,
Sl.315,20o.
Total sales of stocks to-day were AZ, 500
shares.
MONEY AND EXCHANGE.-Money on
caII strong at i0G2o per cent; last loan
at 10 per cent; ruling rate, 10 per cent:
prime mercantile paper, 4s4@5l. per cent.
Sterling exchange weak, closing frmer,
with actual business in bankers bills at
(. S;;i22ss6J4 S2Ia for demand and at $3.50 for
sixty days; posted rates, Si.S1@4.S1 and
"A. S2JsG4.S5; commercial bills, S4.I9h@
i79a3. Silver certificates, 64l4 @65K: bar
silver. 6tl.; Mexican dollars, 5oIk Gov
arnrnent bonds irregular; State bonds in
acaciiye: railroad bonds firm.