The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-11-02
Ne ! v York ! !
Stock Market

New York. November 1.-THE stock
/ market to-day reflected an almost
total abandonment OF the operations.
n which have kept up an appearance Q!
animation for some time. and wlich
4 have been attributed commonly to
powerful private banking interests.
There was striking shrinkage u, the
total volume OF the transactions, hui
what was most remarkable was tne
r heavy decline in the proportion OF the
dealings in the United states steer to
( even that diminished volume Com .
1ared with a isfiare equal to one-tlliru
of the total yesterday and for scveral
days last week. United States Steel ac-
! counted for. barely one-siNth of the
dealings to-day. ihe attitude toward
The market on the part OF It's hackers
Eeemed To be confined to protection
against bear attacks. Supporting
orders were encountered OH the morn
Ing decline, and rally ensued. Frac-
tional gains were retained at the
: close hut the tone was irregular
"A factor in the intense dullness and
i neglect of the dealings was the holt
day in foreign markets. the London
md Paris Stock Exchanges being both
closed on account OF All Saints Day.,
nrcording to custom. The determine
ton to await the outcome of the cleo
tion before further market commit
inents also played part in the re-
s.raint on the speculation.
Cleveland. Cincinnati. Chicago and
st, Louis stock was made the object of
an unpleasant demonstration Of the
thinness of the market and of the in
difference of the dealings. An order
to execute a single hundred share lot
ofShis stock found the market bare of
bids above 81. although sales were
made yesterday at II and the bid al
: the closing last night was 50. The
10n shares were sold. therefore. at 81.
Within ha1f-hour another 100 shares
We're bought at 50, and there were
sales late at 10. The incident was re-
Earded as regrettable as implying I'M
reliable market conditions and posi-
ton vulnerable to artificial influences.
Carelessness in the execution of an
order was claimed for the erratic
course of the stock rather than any
development bearing on value.
rise in the price OF copper in
london and decrease in the European
visible supply In the two weeks to
November l We're instrumental In rails
II Ing the price of the copper industrials.
Published statements by officials Of
copper companies alleging favorable
trade conditions also had some in
r. D. .
There was rise in the call
money rate to 4 Ia per cent. the
highest for the fall season. The prog
ress of the November money settle
1nents was held responsible
NE aggressive advance in Canadian
Pacific to record price at COZ l..
was a sustaining influence on the
general list.
sb Bond We're steady. Total sales, pa,
value. s1.994.ooo. -
United States government bonds
+ we're g, unchanged on call.
Total sales of stocks for the dav
were 2s2.soo shares. - Y &c
New York. November Money on
San strong. 3 3-4@4 10 per cent. rul-
Ing rate. 81 per cent; closing hid, 4,
81: offered at per cent. Time
loans very dull and firm: sixty DAYS
and ninety days, 4 S-4a5 per cent
SIN months. 5-Sdi ga. Prime mar.
. camille paper, 1-2G6 per cent Ster-
ing exchange steady at decline. with
s.tuai business in bankers hills ~
sf:sso5a s4.s215 for sixty-day hills o, -,
.. si.ss for demand Commercial hii,s
80, i.ai Us q s4S1 rs. Bar silver -
MeSican dollars, 46. Government how'd
steady. Railroad bonds stea,,.l 0oilus VIZ