The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-15
Very Light Outside Demand for
Stocks Was Evident Yesterday,
BEARS MADE FIERCE RAID &.
Short selllus Was Large Eentn, in Markets
Weakness, aad bears sDulht Cover in
Tie Hour money Firmer, Both
i,r ,sll and Time Loans.
der Associ.ted 1.rcss. )

NEW YORK. Nov. 33.--ProfeSSicnal
spectators were liucn disappointed over
liie erect OF last nights uIicIai an
1iVunccment OF The tesins OF the setue-
1nent OF inc railroad controversy IN The
Northwest. That does NOT mean neces-
sa:liy that the settlement does notslEsure
al! the Dement'S claimed ter IT.. ne specn-
lators were Dounu to fell stocks upon lfe
DEFINITE announcement Ill any event.
Their DISAPPOINTMENT to-GaE was due 70
ths. TACT THAT II very light outside pehiaIa
for stocks was attracted by the an
nouncement- The wa;chiul bears were
keenIy alive to the situation, ana SNfen
they saw the efforts inaning 10 reaii2e
profits they put out extensive snort INES
ID take away The market from those seek.
the market TO disiouge stcp-ioss orders
and me them 10 aake profits OIL the
short side How large an element the
short selling was in The weakness or the
market was disclosed when the bears be.
gan TO cover during the hour. IA,
Substantial break rs were made IN all the
active stocks. anu at some points in the
coalers and special:ies there were slow
rccoveries. The Trarscontinentalr railroad
stocks and some OF the VanderbiltS, which
have been under manipulation recently
! selling, although the list developed weak
ness throughout during the course of the
day. he recent speculation has !. Been
largely based upon the Northern Pacific
settlement, and with the details of that
known the professionals argue that al
the good news was out. while the disduiet-
made it unsafe to hold stocks. -
The recent price levels taken in connec-s
ton with the terms of the Northern Sc
Turtles Company. make it appear that the
settlement is a disappointment. There is q
rather dubious feeling also as 10 how the
Transcontinentals, not concerned in the
settlement, are to be benefited by it. The
further adjournment of Burlington 6frec-
tors was used by the bears to play upon
the fears of tinld holders.
The money market was firmer to-day
both for call and time loans. the latter
showing the effect of the gold outgo for
II" first time 1t is said that further gold
viii be exported on Saturday. though the
reduction of the price Of gold in London
served TO ailay the fear here. The state
ment of The country foreign trade pub
present anomalies of the exchanges situa-
ton. .t.5F@
The railroad bond market was weak in
sympathy with stocks. Total sales. par
value. s5,6a1.N1o. United States bonds
were ali unchanged on the last call.
The total sales of stocks To-day were
I.1oG.501 shares.
MONEY AND EXCHANGE Money on
call closed firm at ;'l!ssl5 per cent: last
paper. 4lssag pcc cent. Sterling exchange
strong with actual business In bankers
bills at S4.SIit for demand and at S4.S4hGD
i.SiN for sixty days: posted rates. s4-S5
ana 81 SSaI4. SS}s; commercial bills. 81. S;la6I
a Government bonds steady: State
bonds strong; railroad bonds weak.
STOCK QUOTATIONS.
Furri.hta by Mr.sr. sCoTr a sTR1NGFELLow,
York forl rI,e