Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-11-04
RISE IN EXCHANGE.
sqnR11Se REACHES TIRE HIGHEST
polSr II PRESENT MoyEMEsr.
DEMAND BILLS SOLD At 4.37.
4hf. 3, Within II Cent of Figure nr
which Gold Can admittcdiy ne
Exported Proh,nhsy-ca,, Money n.
iii&h a. Fer Cent.
ijish n. 6 Fer Cent.

NEW YORK, November s.-The move
-gaat in The stock market to-day was
,.,actcrszce by the various influences
ga5an,aI 10 election week, together witt,
o.sor and perhaps more potent reasons.
e.e-It-e exchange reached the highest
mini ia The present movement. some de-
-a4a6 bills being sold at 4s7. which is
.rrin 3. OF cent OF the figure at which
sold can admittedly be exported profit
ralv. The accumulation Of commercial
p51s over sunday was hardly equal to the
tsa1naui Paris exchange on London de-
acd > cent. while bar gold advanced
in London. II is not denied that some
nsa6s and firms were earnestly consider
shipments OF gold IN the near future.
Tic rise in exchange was doubtless in
!, great measure responsible for the
,aek On stock market operations though
she ,5lune Of business for the day was
M, lower than for some days past Open
ms prices were lower, the greatest decline
r- in Louisville and Nashville, which
srd n over d point. Less extensive de-
.farss we're shown by Atchisoa. Baltimore
and Ohio. Missouri Pacific. St. Paul, Union
Psciac and Reading. The demand for this
iat,er stock WAS large, but offerings were
s~es Manhattan. a feature of last weeks
;o-l operations. made slight fractional
decline. and the other transactions were
rsavg
FRESH SELLING PRESSURE.
Later IN The morning fresh selling pres
sure Developed and some Of the stocks
named vent lower. London bought 10, 600
saa.as on the decline. The only industrial
tssus that displayed any activity was
fnlrcd States Steel. The heavin:ss OF
(which was presumably due to reports of
DISTURBING conditions in the steel and iron
industry. a reminder of this was furnish
81 by the American Tin Plate Company.
}rhich announced a material cut in the
price OF its products.
Trading in The early afternoon was even
more irregular and circumscrihod and
professional, with q partial resumption OF
poi operations in few issues, chiefly
7 500 81. Louis and Western.
Traders prcfesSed TO see good selling
ii MannaJIan and other Gould stocks
comm ssinn houses. as well as brokers
with wire connections. were out Of the,
market, though the liquidation in Bal,i-
mlre and Ohio, and Louisville and Nash
VILE seemed to come from the West. In
The final hour z general attack upon tn"
aetl coal stocks and St Paul brought
WEoeS TO the lowest level of the Gay.
g-z rally toward the close suggested con-
Siderable short covering, as well as a
iaetter view Of the present situation, with
the result that a firlner tone was manifest
an At the end.
CALL MONEY PER CENT
all money was quoted as high as per
ont. hue most demands We're met below
nat figure Time money was unchanged,
nd in very light request. Tie sub-treas-
airy transferred S29G.oaL TO New Orleans.
The prices ot bonds were reactionary for
ne more important issues, To,al sales
4nar value. S1.72o,00n United States IS
a3vaaneG x. and The ole as declined !.
3sr cent on the last call.
Inc total gales of stocks to-day we're
$40 shares.
MONEY AND EXCHANGE.
Money on call fan at 800 per cent;
closing BIZ and asked t@5: prime me:can-
.i.- paper. 5izqS per cent
S.erlirg exchange fir:ner, with actual
business in bankers bills a 4.s6si5 for de-
nand, and at 1880 for sixty days; posted
rates 4S4@4.S4l2 and 4,S1iSg4 IS, CONNER
al bills 4.S2.75@J4. 1875.
Ban silver. 90; Mexican dollars. 39a
government bonds, irregular; State bonds,
Inactive; Railroad bonds, weak.