The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-11-13
PRICE CHANGES
NOT IMPORTANT.
Market Dull and Heavy, But.
Distinct Improvement
in Tone.
MONEY IS EASIER
Break Which Followed Election
Had Been Expected
by Street.
MONEY is EASIER
,eciaito The Times- pigpatch.

tSpeclal TO inc Times DlsPhtcil'J
New York, November IA dull and
steady market was seen in Wall Street
to-day. Price changes were not lm-
portant, but distinct Improvement In
tone was evident. The market had
every appearance of being sold out.
md leaders of the bull party resumed
operations Quietly for further ad-
vance. Owing to heavy decrease IN
loans and deposits the banks showed
an increase in surplus reserves. The
money situation continues to work
easier.
The break which followed the cleo
ton was expected, but 1t was more
severe than the street had counted
on. Professionals placed selling or
ders on Monday for execution at the
opening Wednesday,. believing that the
public would buy stocks on Roose-
Welt overthrow. 1T turned out that
about the only buyers were the pro-
fessional traders, who had sold out
Just before the election. Evan these
decline. and II was not until Thurs
DAY that important banking interests
came to the relief with heavy support
ing orders. The decline was stopped
had recorded gross declines OF to 6
points.
The government report on corn
shows tina. the average per acre this
25.5 last year. This means that tho
total crop will be in the neighbor.
hood OF 3.1oo,0oo.ooo bushels. which
breaks all records. shipowners In
amount OF space taken In ships for
the exports OF corn is the largest ever
known. Corn and wheat arc declin-
ing In price.
that It's untitled orders on October 81
were 2.S71.949 tons made a. new low
record. Chairman e. II. Gary. head OF
the trust. points out that orders from
other are no longer included in the
bookings published. Even making al
lowance for that. orders are still a
low record, because the capacity of
the trust has been increased so per
cent since the previous low record
was made.
Passing of the common dividend by
the aoss- shefield Company reflects
flooding of its mines to such an extent
that the dividend would have been
reduced even II the pig iron marke,
had been in good shape.
Shelters Securities Company issued
S15.oo0,ooo of s per cent. fifteen-year
bonds, convertible for seven and one
half years Into common stock OF the
pany at par. The issue has been un-
derwritten by syndicate under man
agement of Kuhn. Loeb &; Co. anc
participated in by ]. P. Morgan & Co
ceeds of the bond issue will be uset
TO liQnidatc about sl1.o0o.oo0 of In
debtedness due from the Securitie:
Company to the American Smelling
Company, and the balance will be fol
working capital and TO anticipate pay
ruents on Baltimore Shelter. AS TIL,
American Smelling Company guar
sntees the dividend on the preferre,
~ ~
pany. and as these bonds come ahea,
of that stock, the interest on them i
guaranteed by the American smeltin,
Company. They are offered to stock
On the Curb.
Stocks on the curb We're quiet to
day. with Kerr Lake the leader. o.
transactions in 5000 shares this stool
the top; Other silver shares wer
quiet. Ray Central was strong an
active.
In the Street.
Number of shares of stock sold to
day. 1896; year ago. $4,000.
Par value of bonds sold to-day, ss55,
900; year ago, se,043,00o.
stock dividend of 80 1-e per cen
Sugar COMPANY. This dis,ribution wi
increase the common stock OF tn
company TO about s7,5oo,ooO.
.o Bon ms were steady: sales par value
soo,.oVo. OHiteo states pohuS Wer
unchanged on call from last week.
Total sales of stocks for the da
we're $4,000 shares.
New York. November 12-Money o
call nominal. Time loans dull an
soft: sixty days. 3-4@5 per cent, an
ninety days. ga: six months, 1-2G
3-4 per cent. Prime mercantile pa
per. S 1-:G6 per cent. Sterling es
change steady, with actual bushes
in bankers bills at $4S125MS4.S15O fc
sixty-day bills. and at s4.8560 for de
rnand Commercial bills $3.50 $40
s481 IA. Bar silver, So Mexican do
lars. ~.