The times. [volume] (Richmond, Va.) 1890-1903, 1900-11-09
STOCK MARKET
WAS VERY STRONG
Firmaess Of The Undertone Especially
Striking.
PROFIT TAKING WAS HEAVY.
There Was Grea. Buoyaacy in the In
dns'rials. but Railroad List Was
Distinctly Heavy Throughout
tic Day Bonds isirm.
Eirmness of the Undertone Especially
PROFIT TAKING WAS HEAVY.
ley Associated Press. J

NEW YORK. Nov. S.-The stock mar
ket showed the eiicct Of some settlement
ot yesterdays conviction OF spectators
and growth OF apprehension that the rise
ia prices at the pace set yesterday might
fiiao a1a early elimination. The more con-
serTative element made their ihHueitc
felt from the opening, and at one t:It cine
curing the Gay brought the advance laii'S
10 Z. standstill. The flrmness Of the Hiidef-
tone OF The market at that Tune was
Very striking. and it was shown quite cor
cluSiyely that The large holders OF SOCK
were not particularly nervous over seeing
the rise III prices checked Even lhose
who are willing and ANXIOUS 10 sell out on
an upward tide showed determination
10 hold at any lower level
y very buoTai,t tendency then developed
IN The industrial and specially depart
ments of the list. The localized character
of This strength. with the absence oil any
SPECIAL news to account Tor II. gave
ground for the SIpposiuon fhat po"eTiul
manipulation was aiding it Inc success
which accompanied the manipulation m
tited renewed speculation in that quarter
by outsiders. and al the same time served
as a powerful sustaining influence Tor the
rest of the market. Under cover OF this
support .rroft-takinG went on on q very
neavy scale.
Except Tor sudden advances in some of
the usually inactive railroad stocks the
railroad list was distinctly heavy through
out the day Pennsylvania was marked
up at one time TO 14u but il held there
only Inomentarily. The price remained
above last nights level, but was unable
10 get hack TO the top. Pacifics and
Soutllweslerns. as well as the stocks of
railways affiliated with PENNSYLVANIA.
which were So conspicuous III yesterday S
upward movement. all suffered from real
izing. In Missouri Pacific the net decline
at The lowest was a point, and in North
eI'n Pacific. the extreme decline was IS.
On the other hand, the mercurial special
ties. which are always favorites with the
SPECTATORS. roIse buoyantly on enormous
dealings. One or two of them had been
below last hight early in the day. nota-
bly, Sugar. which broke rs al the .opei:ing-
The late upward movement carried Su;,.
Peoples Gas. Manhattan, Brooklyn Rapid
Transit, Metropolitan Street Railway, Pa
cific Mail and American Tobacco up from
Y to nearly points.
Yesterdays enormous buying of North
ern Pacific was exceeded by. to-day's
declaration OF an extra dividend of per
cent. on the common stock. The omission
OF this dividend in August, when the reg
uiar seni-annual dividend of per cent.
was declared. was considered a Very omi-
nous sign of the prospect of curtailed
accepted as. showing restored confidence
in the maintenance of the earning power
of railroads. but it did not save the stock
from a sharp reaction on profit-taking-
The steel stocks We're irregular. Steel and
Wire and Pressed Steel Car showing re-
actions. Will other mmbers OF the group
Were strong
Money continued in abundant supply
and sterling exchange rose further with
The demand for payments for the enor-
nous sales of stocs for London account
The bond market continued active and
firm. Total sales. par value. SI,0S3. Ds9
United States SIS advanced = and all other
issues except the IS 4 per cent. Oh the
last call.
J,ns6,2t0 shares.
MONEY AND Sc5ANGE-a1oney on
call steady at 21%G14 per cent; last loan
f-,a,a IL, yt4ay