The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-02
FEW Sl0CKSSHOY
STRIKING GAINS.
Sentiment on Change Shifted TO
Optimist Side.
MONEY MARKET MUCH. EASIER,
Result Vas Rather Animated Buyiog Move
meat in Last hour, Which Turned
The Market Strong aud Lett
rriees at Top Level.
Sentiment on Change Shifted to
Optimist Side.
MONEY MARKET MUCH EASIER,
(By Associated rress.a

NEW YORK, Nov. 1.-The prevailing
unSettlcmcnt Of speculative sentiment
was well illustrated by lile wiosly diverse
opinions expressed as - the effect of the
renewal OF Government purchases by the
Treasury. The watveriny sentiment SHIT
cd somewhat TO TIE opnimist side jate IN
the day W.:em IT became known that the
offerings OF bonds at the sub-Treasury
already amounted to Sl.2S,sE9, thus prom
3SinS considerable relief TO the money
market. The closing OF the London ana
Paris exchanges to-oay served TO OBSCURE
somewhat the question OF The foreign sly
uauion, and gave opportunity Tor q mum
Der OF favorable incidents TO work VITA
cumulative force. The result was a rather
animated bus1nS movement III the last
hour. which turned the market strongly
and left prices at the top level Of the
day.
< few stocks show striking gains, and
the leaders in ACTIVITY are u point above
Yesterday in a number of cases. Ealu-
more ana Ohio was conspicuous IN Tie
late dealings, AND Il rose ~ without deli
mite news. Pennsylvania. had the hAheIit
of The extra DIVIDEND declaration, thaS
making the return TO stockholders 6 FER
cent. Tor the calendar year, or the same
as last year. The preliminary figures of
the movement Of cash disclosed the fact
that the current of the interior move
ment had turned toward New, York, the
net gain as a result OF the direct express
shipments amounting to s1.S5o.S77. The
statement OF sub-Treasury operations in
Guides in its net result payments which
eIect Il loss To The BANKS OF 600.
The less in cash by the banks on all ac-
counts seems. therefore, to be something
over S2oo0.Us0 for the week.
The easy condition OF the money market
and the action of the stock market is Il
pretty clear intination of strength by the
banks. SO that there may be changes in
the loan item TO Offset the cash loss To-
DAYS cotton exoorts We're again very
heavy, reaching 1oS.u00 bales. and the
wheat exports for the week have run up
10 SIS bushels. 1t is believed that an
of gilrn
be the most effective factor toward de-
pressing exchange and checking the eX-
port OF gold.
The local fractions were strong. and the
Southern Railway stocks. Louisville and
Nashville. New York Central. Hooking
Valley, and the. stocks OF car companies
showed strength. Sugar was heavy on
the. cut in price by a competitor.
Railroad bonds were cutie active and
irregular; Total sales: par value: $500.
cent. the refunding IS and old As a3a
per cent: the IS Z! per cent. and the
new IS, = per cent: on the last call.
The total sales OF stocks to-day We're
4J2.2G0 shares.
MONEY AND ENCHANGl5-AIon on
ca, call closed &c firm at $iaa5 ner cent: last
prime mercantile paper. 800 per cent.
Sterling exchange firm with actual bust
ness in bankers bills at s4-s7 for demand
ana at s4.S4 for sixty DAYS: posted rates.
s.. S4ISdf4.S5 and SI.SIlatd4. IS: commercial
bills, S4.S3d4. S3lS. Bar silver. 57la: Next
can dollars. - Government bonds
strong; State bonds inactive; railroad
bonds firm.
Total bank clearings for week ended
October 3ist, S2.695 lS5.094: increase. D.;
per cent. outside of New York, $685.
59$.aSI: increase, 21.3 per cent.
STOCK QUOTATIONS..
Furnished by N-.srs. SCOTT < sTRINGT Elbow,
Mem DerS New 1olE Stock Exchange