The times. [volume] (Richmond, Va.) 1890-1903, 1900-11-22
PRICES MOVED
lRREGULAR 7
There Was Heavy Selling TO lake
Profits.
GOOD DEMAND FOR STOCKS.
Day Closed With the Market Over
whcimed With Volume of I:eniiz
ing, Although There Were
Some Final I;allics.
fBy Associated press.l

NEW YORK. Nov. 21.-To-day's stock
market represented nothing more than
the routine progress CT q speculative
boom. There was continuance OF a
large and well distributed demand for
stocks. and there was heavy selling 10
take profits. The result was the same
irEeguiar:ty in the price movement when
has been more or less ever since the
movement began
To-day the selling movement showed
Its greatest force towards the close o!
the session. so that the sentimental
effect in to-day,s market was on the SIDE
oil reaction to u greater extent ttlall on
previous days. London felt the influence
and bought stocks in the American de-
partment on large scale.
Assertions are made that the foreign
speculative public is showing growing
interest in American stocks, but the iarS-
est part of the foreign buying Is attIlb-
Gted to the provision making against the
options sold by foreign dealers before the
election. large part OF which are sun
to come due, with heavy losses already
shown by the great advance IN prices.
Undoubtedly very large operations are
conducted also in London on cabled in
stucuons from New York.
1t was perfectly natural that the good
market afforded by the large buying this
morning should be taken advantage of 10
take profits on the notable advance in
prices OF yesterday The first hour of the
market was furiously active and remark
freely as to preclude any sensational adj
Tances But as an impression began to
be made on prices the selling pressure
was relaxed. showing The careful nursing
process OF the powerful speculative lead
erS who are at the head of the present
movement. Buying WIS then diverted to
new points, and under cover OF the nota-
bic advance thus achieved the realizing
was resumed.
The day closed with the market some
what overwhelmed with the volume of
realizing. although there We're some final
rallies on short covering. But last prices
We're near the lowest, except in the stocks
that had been especially strong. The
granSers were foremost in this list, st.
Paul leading with an extreme advance of
.sia Atchison common was very heavily
bought at advance of 2aS Brooklyn
Transit and the other local traction
stocks. Louisville and at one time Sugar
and Peoples Gas were also strong points.
The Northern Pacific stocks We're nat
uraIy prominent in the reactionary ten
ency after yesterdays notable advance,
and Pennsylvania was also quite weak.
The steel stocks yielded to increasing
pressure, and closed the day generally
Union Pacific, the Denver and Rio Grande
and st. Louis and San Francisco stocks
yielded to reactions International Paper
and other paper stocks We're weak on a
strong rival organization.
The demonstratiVe publication of a bull
ish interview by the most prominent indi-
Vidual operator in the street was made
the occasion for much OF the profit
taking.
Money continued easy and the Sub
Treasury paid out 100000 on account of
Assay Office characters for gold deposited
at Pacific Coast points from Australia.
The bond market showed well-dis-
tributed strength on a large volume of
dealings. Total sales, par value, s., $40
GOO. United States bonds were all I'M
changed on last call.
The total sales of stocks to-day were
3D. 500 shares.
MONEY AND ENCHANGE.-Money on
call steady at 3laa4 per cent; last loan,
4 per cent, prime mercantile paper, IG5
per cent Sterling exchange steady. with
actual business in bankers bills at Si.S41s
Tor demand and at $4-S0isG4-S 81 for sixty
days; posted rates. 81. S2Gl4. S5ia; CONNER
cial bills. S4S0lI sos. Silver certif-
Gates. 64aG5; bar silver. G3.s: Mexican
dollars, 5oH. Government bonds steady:
State bonds strong; railroad bonds
strong.