The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-11-10
New York
Stock Market

New York, Notember Avail
Streets Wow of the acceptance by the
sanization plan was. registered em-
phaticslly to-day in the stock market.
securities We're purchased confidently
NJ large amounts Prices rose eNien-
sirely In every quarter of the market
While the American Tobacco stocks
and BONDS were strong their move
ments were not so pronounced as those
OF more active Issues. United states
Steel was the conspicuous feature, rIs-
ing more than five points TO t% IS.
transactions In This stock for the day
totaled i2i.ooc shares. The stock was
particularly sensitive Ia the tobacco
decision on account Of the dissolution
suit instituted against the United
states steel Corporation. and the de-
almost limitlcss. Gains were general
throughout the list. Union raciiic
rose to i5i II, u gaiu OF nearly tive
points. l.chlSh valley, American
Smelling ana international Harvester
rose four points or more: heading and
-Nmalgsmated Copper more than three.
aud other active slares from two To
three points The american Tobacco
common stock rose sis points. the pre-
Terrcd ~, the per cent. bonds Is.
and the is a point;
an important factor in the days
trading was short coverings The sud.
den rush upward OF prices resulted in
The complete vcut of the bears As
stocks We're carried steadily forward.
without reaction of consequence
during the DAY, the short interest be
came alarmed. and toward the close
there was stampede 20 cover which
sent UP the market with renewed
vigoT
The adoption Of tho tobacco reor-
sanilation plan was STYLED in the
street as Of high Importance. a. viewed
III its broader aspects Tho POSSIBILITY
United states steel Corporation was
less disconcertnS to holders OF steel
stocks and bonds.
This influence extended TO other cor
porations. which il has been thought
might he made defendants in antitrust
suits II was felt that settlement of
the case might point the way toward
an end of the uncertainty concerning
the conduct of corporations.
Reports OF much greater activity In
the steel trade continued to come In
are under negotiations, it was said
Declaration of an extra dividend on
National Biscuit was followed bw the
rise OF the stock to a new high record.
much larger scale. Bonds generally
showed pronounced strength. with sub
stantial gains in some OF tho higher
Total sales, par value, sss7s.oSo
United states bonds were unchanged
on call
Te5si xa oi;;a,1 for the til, day. l?sssoO
Der, Si,loo: American Smelling. 1900
Sugar, 1900: Tobacco. $500; s. c. L.,
900: c. & O., 5000: L. & ", $500: "
& w, $500; Reading, $4,000: Slos3
Shelf, 500: Southern Pacific, $1,000
Southern Railway. $4,000; Southern.
preferred, $500: L. p, $4,000; U. S
Steel. 421,ooo; Na.-Car, Chem. 1900;
Lchish Valley, e5,ooo.
Now York. November a-Monoy on
call steady; l-4Gc 1-2 per cent:
ruling rate. IL; closing bid, IL;
offered at . 3-S Tima loans easier:
sixty days, B LA IL per cent and
ninety days, l2N S-t. six months.
LEGS 3-+. Prime mercantile paper
LAT IL per cent Sterling en-
change firm with actual business in
bankers bills at SiS375 for sixty
days and at S4.S705 for demand. Com
mercial bills. St.S3. Bar silNcr 81 i q