Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-11-17
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonis, Grlla,
Cotton, Provisions, Etc.
These Are Closing Sales
Each Day.

New York, Nov. 1C.-Although to-day's
business in stocks did not, recover to the
volume, the tone of the trading and the
showing of strength were the most inn
posing and substantial that have been
made since the election. The feverish
and sensational movement in isolated
stocks and the indiscriminate rush TO buy
IN lump We're not shown to-day. In
stead there was steady and persistent
absorption of stocks of the best charac-
Ter, with legitimate speculative prospects
vi Increased earning power. or increased
security by reason of added earnings for
Junior securities. In the early dealings
me. speculation showed n disposition TO
leaders were at hand to inaugurate in
wiling ADVANCES in prominent stocks in
almost every distinctive group on the eX-
change. The absence of realizing pres
sure as the advances We're easily made
encouraged the gorwth of the demand.
through the list. The Eastern trunk
INES and the coalers were rather con-
.raueu In nor widely moved, but there
was no important exception To the up
s Ward course 20 I of prices, and among the
ana West including the trans-C Continent
tai lines. the strength was astonishingly
stock traded In within those limits that
did not gain at least n point. Not a few
rose points or over. while the Burling-
spectively sSa and 81 points mt She The soft oft
coal coal roads also made Il good show OF
Inc preferred stocks OF the
TTeorganized railroads were evidently the
favorltes in the speculation from the way
one AFTER the other OF thpm was brought
forward into tho trading. Those with
prospect of increased dividends and
Jhose already receiving their fun divi-
asnd ,rights seemed to be in equal favor.
Inc iron and steel stocks were notably
strong. and in Colorado Fuel the gain
was AZ, In Tennessee Coal 81. and in
gained two points or upwards. The local
traction stocks and the high priced In
dustrials were strong but were not con-
General Electric got up another GU.
points. Consolidated Gas as much. Brooks
Brake made one of its charactaristic
skX.rocket flights of 20 points. rclapsing
hsif that amount. The growing strength
determined buying of the class which
held aloof from the excited trading after
must come which would leave the mar
Ket healthier, even though Mt higher
prices. number of favorable circum-
stances also convcrged in the days news
AuVance shoots of the trade reviews for
me week expressed so roseate n view
OF me outlook for general trading as To
notably. Forecasts OF the Bank state state.
ment were accepted with reserve. owing
The significance of recent statements but
a gain In cash reserves is confidently
looked for and the tendency towards
loweN rates for money. which made the
maximum rate to-day for call loans four
per cent, falling in the late dealings To
SO per cent, relieved all apprehension
over the money outlook. Profits on the
days advances Were attractive enough
TO induce some selling toward the close
but the effect upon prices was slight and
the closing was active and steady
rho substantial character of the buyiuc
was even more manifest In the bond mar
ket than in the stock market high grade
bonds coming into additional favor
Prices are very generally higher Total
sales par value. So. 900
y. S. bonds were unchanged on last
call.
The total sales of stocks to-day were
1.22G.Gn0 shares.
New York. Nov. To- Standard Oil. Coz