The times. [volume] (Richmond, Va.) 1890-1903, 1900-11-29
STOCK MARKET
UNUSUALLY DULL
Movement Of Prices Sluggish and
Unimportant.
DEALINGS ON A SMALL SCALE,
Bond Market Was Quite Active and
Yielded in spo,s-Moncy Cone
tinucs Easy-Local and
Tobacco Markets.
(ny Associated Pscss.)

NEW YORK, Nov. 2s.-To-day's stock
market was the dullest since the Monoay
preceding the election. There were NO
dealings on any considerable scale, ana
the movement of prices was sluggish ana
irregular and not important.
The market narrowed very considerably,
sIso, The number of stocks dealt IN being
Sinlier THAI: Tor many days past II Is nor
Impossible that tomorrow MONDAY
prompted the curtaiiment OF speculative
ventures. The dealings We're lett very
largely in the hands of room traders, ana
the larger interests and the pubic were
apparently out of the market eLtirciy.
mere was no great pressure OF liq,i.oa.
ton. but when any considerable volume
oil stocks was offered there was not d
sufficient demand to sustain the price.
On the other hand, even small denlaii ,
Was sufficient to effect considettiole
advance in price, the selling oraSIs
were also on 4 very small scale Inc
market was generally heavy in the Garner
part of the day. largely from the inIlu-
ence of weakness in the London market.
The disclosure through yesterdays
London settlement OF Il long account In
Americans is interpreted as weakening
the technical position of this market, ana
the growing IightneSS of money IN Lon
don gives rise TO the apprehension that
New York may have to absorb considera-
bic speculative liquidation from that cen
ire In fact. the selling for London ac-
count to-day was estimated as high as
ao,eVp shares on balance.
Our own money market continues I'M
: luiea. Cdll-ioal rates 1alIillS away d
shade in spite of the continued absorption
OF funds on Sub-Treasury operations and
the poStponement Of the return flow OF
the funds from the interior
The recent daily average transfer of
$4,000 10 100000 to New Orleans was
supplemented by the transfer of 100000
to Chicago through the Sub-Treasury to-
day II the activity of interior business
is to make new demands on New. York
Tor currency, it. may upset calculations
over the future OF the money market.
This may have prompted some of the dis
inclination to deal in stocks. The early
hearincss OF the market gave way quite
generally to a recovery in the late deal
tngs after London had ceased selling:
Probably covering by room shorts was
& factor in this movement. The gains
We're not all retained to the close, which
was moderately active and irregular. A
number OF October statements Of net
earnings OF railroads were published dur
ing the day, which were favorable with
the exception of the Reading Company.
The net earnings OF this company Tor
October We're ,2232 COG less than for Oc-
tober of last year as a result of the
miners strike. This did not prevent the
stock rising over yesterday, but it became
heavy later in the day. Amalgamated
Copper continued 10 show weakness, sup
of unfavorable legislation in Montana.
The new Chicago and Alton stocks We're
largely bought at advances of 29s and rs
for the common and preferred, TeSpec-
lively. The Rubber stocks were notably
weak, but recovered part of their losses.
yielded in spots Total sales. par value,
81, 055.001. United States bonds We're all
unchanged on last call.
The total sales Of stocks to-day were
6uo.SUO shares.
n