Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-11-21
MANHAT AN AGAIN.
NEW YORK STOCK MARKET or
ERATroNs FOCUSED THEREON.
IMPORTANT EVENT AT HAND.
.n,t what Form They VIII Take
sim Matter of cue..-wori-
4 Timc-Moncy Condition. cont'n"
r. 10 Excite Some Apprehension.

NEW YORK, November D--Except
yor a. few irregular and comparatively
.,nimportant moves, to-day's stock mar
ket was very like that OF the precedlng
DAYS Of this week, in the sense that at
4ention was focused very largely upon
one Decentralization. The increased
strength OF that stock added to the fast
Z rowing belief that important events
a,salins with the local transportation sys-
&c,a, are impending. Just what form these
rrobable events will take is still matter
OF guess work. Manhattan sold UP 70
1884. and made net gain of IL points
on very heavy transactions. The re-
-na,nder of the list, irregular for the
xreater Uart Of the day, made some i'm
.,rovement in the final hour. and the
closing was easy, though below the best
Considerable strength was shown in
The Gould issues. group, at various
times. and there were spasmodic rallies
elsewhere.
The early strength Of Sugar was re-
.oorted to be due largely 10 short COW
crinE. and the further gains IN the new
Nsoc]s Island issues resulted from what
appeared to be inside buying. Fractional
losses were recorded in the early deal
dnes by all the coal stocks, as well as
ay the more active industrials, while the
international group went below to-day's
quota tons. though hardening some later.
The early reaction WIS followed by SUBJ
Stantial recoveries in st. Paul, Iowa
Central. Minneapolis and ST. Louis, and
Louisville and Nashville, Illinois Central,
and Texas Pacific. while Missouri Pa
cific was conspicuousiy strong. So OBJ
-iously professional were operations at
this time. however, that reaction set
in. with material declines in some Of the
Issues. Louisville and Nashville break
Ing sharply.
MANHATTAN SAGS.
Union Pacific and Southern Pacific were
.hen inclined to heaviness and Manhat-
ssn sagged in the absence Of confirmat tory
news. Metropolitan and Brooklyn Rapid
transit sold off to the previous days fig
Tres. but there was nothing like a gen,
sral selling movement the bear element
showing some timidity. The further ad-
sances of Manhattan in the afternoon
stimulated the rest OF the list. and good
puying of Copper was reported. The de-
nland came chiefly from the shorts, and
was confined largely to Copper, Sugar,
Reading, New York Central, and Man
haitian.
Advices from London reported very
hearish feeling there, and sales for that
account amounted TO ABOUT 10000 shares,
with little buying in return. Amsterdam
and other European financial centres
also sold this market moderate.
Tirne-money conditions, while no more
acute than they have been recently, con-
sinue to excite some apprehension Inc
demand to-day was moderate. but lead
.rs were still holding off for stiff rate.
Cal! money was easy, and again IN iSht
demand. There was practically no change
in the foreign exchange situation. A small
transfer to New Orleans was made for the
local banks by the sub-treasury. AS COM
pared with last week, the banks have lost
only d nominal sum TO the sub-treasury.
BONDS MUCH QUIETER.
The bond market was much Gdeter,
and fluctuations were slight either way.
Total sales. par value, I,S5500o. United
states bonds were all unchanged on the
last call.
TOTAL sales to-day We're 10000 shares.
MONEY AND EXCHANGE.
Money on call steady at 3@4 per cent;
closing bid and asked at 2@4 per cent:
. hne mercantile paper. 1-2d6 per cent
Sterling exchange firm, with actual
for demand, and at 4.S3.5OG4.S3G25 for
sixty-day bills: posted rates, Asa 1-2a5 and
fss: commercial bills, 4.S2975@4.sS.25.
Bar silver. 80: Mexican dollars, SO.
Government bonds steady; State bonds
Inactive; railroad bonds irregular