The times. [volume] (Richmond, Va.) 1890-1903, 1900-10-31
STOCK MARKET
VERY SLUGGISH.
kpathetic Aspect Unexplained by Any
important News.
MARKED LACK OF ORDERS.
Money Easier on a Reiaxution i'm De.
MARKED LACK OF ORDERS.
Money Easier on a Relaxation in De.
maud isa,ilcr Than Any Adds
tionh suppIy-Pointso OF strength
Dereioped in Bonds.
tBy Associated Press,

NEW YORK, Oct. 30.-There We're only
one or two movements of any interest OF
Hii,oIss.'ace on the stock Exchange to-
Jay me market Tell into a state OF
seini-stsspatloa at times and moved slug
sish-y and irreguiariy. with no otner
power tnafi the operations OF the proIes-
:rade
There was a very marked lack of the
orders through cominissoin-houses, which
were feature last week. The apatheuc
aspect OF the market was not explained
oy any important news of the DAY, but
was the outcome largely of the colserva-
i've spirit of caution which is not unusual
IN the closing Gays Of a national cam
paiS1i. There is some uneasiness lest the
6E>ecuiaIon on the part OF the OUTSIDE
puhiic has oseruiscounted the conditions
expected TO develop after the eiecuon- IL
Is believed there were large speculative
holdings IN the market which look to the
demand 1oir stocks expected to develop
after the election to afford a medium Tor
resllzinS their profits. Substantial inter
ests in stocks do not care to see the
pressure or realizing come too heavily
upon The market at that time. They are
dlsposed. therefore. to discourage further
speculation at this time
There has been some disposition on the
part OF the commission brokers to call for
TN extension OF margins. The risk Incl
dent to the particular period IS alleged
as the ground. but it is thought not i'm
probable that enforcement OF conservative
views may ultimately be felt in commits
Sion-houSes.
Buying soon exhausted itself after the
opening. and prices drifted to a. lower
level. The poor showing of net earnings
for September by Northern Pacific caused
the reaction in that stock from yester-
days strength on the marketing OF some
Very large blocks. Late in the day South
ern Pacific, after holding firmly all
through The early dealings, shot up PCS
on concentrated and very heavy buying.
i he stock was bought early Tor London
account, seemingly on satisfaction over
the choice Tor the new executive. Almost
an endless stream Of stocks was poured
out when the price reached IS, but all
offerings were confidently absorbed, and
the price finally remained TO that figure,
but buying was lax.
There was some strength among the
leading inausfrials and specialties, led by
Sugar. The iron and steel stocks Were
inclined 10 advance after some early
heayiness in sympathy with a loss of ~
in Tin Plate. Tennessee Coal was nota-
bly, strong. PittsburS- c., G. and ST.
Louis fell nearly S points on light selling,
and National Lead preferred lost 32s.
The money market was easier on a re-
Taxation in demand rather than any addi-
1ional supply.
The tendency of bonds was rather
easier. but points of strength developed
Total Sales par value, S1,210o0o. United
State bonds unchanged on last CAL.
Total sales of stocks to-day We're 81, 800
shares.
MONEY AND ENcHANGE.-NIoney on
call firm at SG415 per cent; last loan at
333 per cent; prime mercantile paper. sM6
per cent Sterling exchange firm, with
actual business in bankers bills at s4 sa7S
64.S4 for demand and at S4.Sol404.So as
for sixty days; posted rates, 81 SlQi1 Slt$s
and S4.S4l%6l4.S5: commercial bills. Ss.i9as
also. Silver certificates. 64}s96,; bar
silver, Ga, Mexican dollars. COX. Govern
rlent bonds steady: State bonds inactive;
railroad bonds dull.