The times. [volume] (Richmond, Va.) 1890-1903, 1902-11-04
ELECTION WEEK
IN STOCK MARKET
Sterling Exchange Reaches High
est Point in Pr ssot Moveme.t
CONSIDER COLD SHIPMENTS
Opening Prices Were Lower. the Grea,
est Dscsine 8 4ing in The Louisville
ard Nashv.lle. Which Sid OFF
Over Poinl--O Other Notes.
nv Assoc,at.o l,re,s.,

NEW YORK. NOV. S-a'.lt movement Is
the STOCK ma ket To-day B'a S c4s.racier.zed
By The pss3pus Influences Incidental IL
election Mr,,k. together with other and
perhaps more pDleIf areaS SONS. Sueriliis
exchange reached The h!gEesi point IL! l y
present movement. some demand b:iIs oe5
Ing sold q si.ka, Which is within a 4 o.
& cent Of the ileGFe ai which gold ian al
Tlittedly be exported i1roiitabtN. The ae-
CaInulstipn of CONNER eiai bis Over saist
day was hardly equal TO the demand
Paris exchange Oh London declined Il d
Cent, While ban god advanced ain Lon.
don.
ii was no, denied that some banks and
firms were earnestly considering snip
Ments OF gold In the very near future
TIE rise In exchange was doupiiess in a
great measure responsible Tor ING G'1 eE ,
on stock market operations. though lne
volume OF business for he da3 WAS ho'
lower than for some days past oie!ili . ;
prices were lower. the ssre3test dt.GliiIe
being IN Louisville and \ dsatiiie, '. ii ~,
sou off over point. Less extensive oe-
clines were shown 10y Atciiseie: "a So. =. u
MOI e#and Chic. Missouri facitic, ST Paul
Onion Pacific and Reading. ne os:nana
Cor this latter stock was large bpt offer
ings were free Manhattan, lea fule OF
last week & pool oneia tiolls. MADE slighi
fractional decline and the other trae-
finns were heavy
Later in tie morning fresh selling pres
sure developed aud some OF the stocks
named wenf lower. London bought about
JD9sa4 shares on he decline. The only in
dustrial issue that dtsplaTed any actiE-
ness Of which was presumably due To re-
III disturbing conditions in the steel
ard iron Industry. : reminder of tbs
was furnished by the American Tin Plate
aCoYnany, which ANNOUNCED a material
cut In The price Of its products. Trading
.n the early afternoon was even more IT.
regular and ctrcumscfl.ed and profess
si0nal with partial resumption of pool
operations in few issues. chiefly Toledo.
ST Louis and Western.
IN ssnhattan and other Gould stocks.
Commission houses. as we'll as brokers
n til wire connections, were. out of the
market though the liquidation In Baltj-
more and een MO and Louisville and Nash
vile seemed 10 come from the West IN
the final hour general attack q upon the
spft coal stocks and ST. Paul brought
prices 10 the lowest level of the day. The
rally toward the close suggested consid-
cradle short covering, as well as better
view of the present situation. with the
result that a fiIiijer tone was manifested
at the end.
Cali money was quoted as high as 6
per cent. but most demands were met pe-
low that figure Time money was un-
changed and in54 Very light request. he
si1l1- Treasury transferred s2i1.ag1 TO Ne"
Orleans Prices Of bonds We're reactionarS
for the more important issues Total sales.
par value S.T20la40. United states a.
vanced u per. cent and the old As declined
Il iters cent on the last call.
The toai sales Of stocks for the day,
were Sa5 500 shares.
MONEY Asrs 1.ssrl5ArS6; r1-hfnrley on
call LirIn at 41an5 per cent: closing bid
and asked as per cent; prime tercatl-
tile tlarer. 5l2@a6 per cent. STERLING eH-
cfiana aff,irner with actual bushes in bank
FOR sixty DAYS posted rates s.S4a "a S4iss and
STizf74 commercial bills s275fi So 225