Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-11-29

ms N SITE OF SOME RATHER
,,r.von.BLE DEVELOPMENTS.
i, & N. MOST CONSPICUOUS.
:. ,ined Nearly Seven Points,
carving With 1t Southern Rail-
srg.r-BoTds Irregular.

NEW York, November 2s.-The prices
:, s.ocks closed to-day considerably
,,~hrr than OF Wednesday. in spite of
.,-re rather unfavorable Developments
~ thc continuance OF some appTehen-
.4,- over tbs monetary conditions The
advances we're attributed to some extent
;, III. demand from the shor: interest to
aver, Inducements TO do this were of
.,-e5 b. the bidding up of prices by
N element amongst the traders which
~ ou- 20 make n campaign against the
Assrs. The short interest WAS known to
have been accommodating contracts for
considerable time. and their commit
ns,7ts were extended on Wednesday. on
ne eve Of tho holiday. To-day's trading,
oeyerti,cless. was dull, as shown by the
total transactions. which d!d not exceed
half million shares. The attendance at
the Board was small. many brokers hav-
,rz eff The city on Wednesday evening
10 stay over the end OF the week It
vas regarded as a favorable incident
th7t the day passed without any addi-
tianal pronouncernent of hostility on the
par. Of either side to the controversy for
control Of Colorado Fuel.
The racsl notable demonstration OF the
day was in Louisville and Nashville.
Halch was lifted nearly seven points
carrying with 1t Southern Railway and
Illinois Central, in sympathy. The move
mont was unexplained, except on the
ground OF comparisons contained in A
:cccnt circular OF the investment value
II Louisville, SIS compared with other
dIvideai-rayng stocks.
MOVEMENT IN SUGAR.
The movement in Sugar contained all
the ea--narks of campaign against the
SHORTS. and the urgent demand at the
last carried the price up over 5 points.
Vague Tumoirs OF deal accompanied the
Use in Hooking Valley. Another centre
81 activity was in the local fractions.
Brooklyn Transit al this time led the ad-
vance. Manhattan was very active. but
aucLuated narrowly, and showed the ef-
iecls of realizing.
Run0rs were circulated of combina-
non OF all the local transit facilities. and
! share il their control in the interest
" Pennsylvania and New York Central
Tho strength of St. Paul was due to the
expectation that the directors would act
N the authority TO issue new stock at
o-iay's meeting. The stock ran off on
he adjournment Of the meeting. without
,cticn. These various centres of strength
ielped the general advance in the mar
get which reached point or more in a
ong list OF stocks. The market receded
when the caIl-money rate advanced to 6
Der cent. in the late dealings. but rallied
again, and closed steady under the in
nuence Of a squirt in Sugar.
POOR BANK RETURNS EXPECTED.
The preliminary estimates fcTeshadow-
ed poor bank return tomorrow.
Sterling exchange continued firm, but
the retention OF per cent. discount by
the Bank OF England had q favorable
effect
sales, par value, S1,4l509o. United States
Is, registered, declined IA per cent, on
the last call.
The total sales of stocks to-day were
54l,lHl shares.
MONEY AND EXCHANGE.
Close-Money on call steady at 4@6 per
rent closing offered at 6; ..ne money
aull; sixty days at per cent; ninety
days per cent; six months. 1-2 per
cent, bid Prime mercantile paper. 1-2
gt per cent.
Sterling exchange firm with actual
business ii bankers bills at 1875 for de-
nand.
Bar silver, 46 SIS Mexican dollars
8 -
Government bonds easy. Railroad bonds
Irregular. State bonds easy
BANK CLEARINGS.
Total bank clearngs, week ended No
rember u. 5000. SOl. 2S7; increase, sS per
cent; outside New York, sos, 7lS, 800; in
crease SIS per cent