The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-11-24
Prices SUFFER
HEAVY SETBACK s
|riolent Declines iii Speculative
Favorites Causes Sympathetic
RECESSION in General List.
ABROAD STOCKS PRESSED
~ :. .:.,.a.1 \N1o,L
ABROAD STOCKS PRESSED PRE- :!
nevertheless Continued Weak,
and Market Closed 1'everisll
and Very Irregular.
tPy Associated prcss.)

n =
NEW YORK, November 23.-Prices had
material setback to-day and 1t was not
ltil tho aggressive advance developed
Union Pacific late IN the day that any
rectivc progress was made towards re-
firing the damage. SAFES ~ !eail.e piol
s in some Ut the Sensational speculative
Worries proved to be OverWheim 1g ana
fused Violent declines IN those stocks and
syfnnathellc recession in the general
st. A few specialtics continued 20 make
t,wn rd spuris. but they were not oil Il
Iarnrtpr 10 sustain confidence In the
neral strength OF the speculative sltua-
on nor 10 hold The list against the cffec-
We selling elsewhere, Speculative profit
eading, smelting. Brooklyn Transit
naconda and the southern group Of iron
bid steel stocks. n
Rumors circulated that there was to be
3 dividend paid on the second preferred
ock Of the st. Louis and San lrranc SEQ
abroad Company, which was the weak
BIT stock in the group. The denial OF mis-
amor had little immediate effect In rnlly7
hg the stock. 1t was not until the en0r-s
lous demand for Union Pacific developed
rat any effective resistance was offered
) the general weakness OF the market.
he character Of the dealings IN Union
ac.tlc stamped everywhere easily as Of
ighly centralized origin and the favor
bic view Of the movement was that the
amand was from inside sources. based
IN knowledge or the character OF the an
ual report, the publication of which IL
,oked orto-morrow. a wager was Offer
/ that Union Pacific was destined Ito
Zach l75 on the movement. In exactly the
ime manner that q wager was made ear
in Tho Reading movement as to Its ulli-
ia tc high price. There was no notable
|hange In actual conditions. Prices Of
heel and iron, according to trade author
leg, are held down only by main force.
/ he sale OF $l2, 10000 OF New York city
onds did not rutile the tranquility OF the
|istallment OF Rthe deferred dividend on
Republic Steel stochs and st. Paul OBJ
lined most substantial benefit from the
. Snion Pacific movement. but the earlier
,sses were pretty well restored In the
eneral list. The stocks under special
ressure however, confined weak and
lade the lowest prices Of the day In the
st few minutes Of the market. thus un-
|ettling the close which was decidedly
Bonds were steady Total sales. par
alue, S3S5D.pOO. United states bonds were
III unchanged on call.
Total sales Of stocks were 1,7l6ao
|hares. t.;ls
MONEY AND EXCHANGES: CLOSE
1oney on call steady. baG per cent; clos
|ls bid 5; offered at 5. Time money steady;
days. $ per cent; 80 days. 5 IL; six
|1onths. 1-4Gl5 IL.
Prime mercantile paper. -2a6 per
emit; sterling exchange, steady. with VI y
ctual business in bankers bills at $4.sG.25
|Js4 SO 80 for dema nd and at 81 80. 65a4 So. 20
|or GV-day bills. Posted rates. s. SO 1-2W
|.s4 and si.s7 IL. Commercial bills.
Is 80 1-2l14. 50 SIS Bar silver, 81 5-8 cents;
Mexican dollars. 40 IL cents.
| . 5 r + Il d > 4