The times. [volume] (Richmond, Va.) 1890-1903, 1900-10-12
SlAGNATIOy ON
STOCK EXCHANGE
Selling Orders Found No Support
Whatever
THE UNDERGONE WAS HEAVY.
pays Net Changes We're Much Mixed
and Entirely Insignificant.
Business in Bonds Was
Very small.
THE UNDERGONE WAS HEAVY.
fRy Associated press.l


NEW YORK, Oct. 11--Tne stock ma ma
keL Ieil inlo d conuiuon Approaching s'as'
natlt our1ilE the Iatter hours Oh itiS -,
ing Inc lnneTtone was heaES, siic -.
ling OF seitilIs, orcers nn0lns no SUM-
Whatever. Inc Ifad;nS bet"Se1i 80 ~
boaro-roon members made up the 49,
inarIstt. and OWING to the ieiatIt7 ~
ness III the genera market Gie mo- 1it.
in ,teep,tss Gas was mace Conspicuous.
Al pressure against the STOCK "<'9 -
unueu early Tie day, nut Tie 49, 49,.
VINO have SOLD the stoctA coiiliii is ,.Isr
some time past became cisQuiS'eo -
III the market over the extent oL -,
commitments and a vague susi'icloii .i.e
lie gas war i'll Cnlcago was no. Do -, ...i.
leBung as maze 10 appear on tiis su 49,;
The published report that inc osIsSti
Company was buying its arcluohdi eea-i.
menu from sources dominated pE 49,
.estS friendly TO the People ; t'aS I'm.
pany Was the cause. From 1905, the 10"
point, the stock Went Steadil9 up"tt y.
1ne close was at the highest, Will d nc
ts4sn OF IS. Nothing couid more SIN IN,
2ugiy demonstrate the Inertness OF titS
general market tnan its utter lailuIe W
respond ios.tnIs rather sensational my g
nlcnI. The dulineSs at the close was I'M
relieved. and the day s net changes -Meie
mixed and en.lrely insignificant
1ile money market showed q rather
reactonary tendency, 81 per cent rep Pa
reSentii1g-s the maximum rAte, compared
with 4 pei. cent. yesterday. Late ~, the
day the rate ran down to ~ per cent,
but as this came after the princlpal Ce-
N
sidered as an index OF the ruling rate.
Deposits at the .Sub-TreaSuTy for transfer
10 the interior Tell TO below one-quarter
OF a million dollars, the movement 90
nominal. Foreign exchange also Steadled
This morning, but fell away again IN the
afternoon, with the me- mat the price
OF gold in London hac oeen advanced an
other j, penny an ounce Tor both bars ana
American eagles. The rise IN sold leus
traliZsd the action OF the governors OF
IL ,,rln ~ in rot s.
comm rate al 4 per cent. The CONVICTION
il general in Wall Street that consldefsl-
me gold Will come from london later III
.he 1aIl-that is, SuppoSing the eSEaot-
s;naT1- movement OF cotton and the re-
snItinE, demand for currency from Tue
interior continues. /.
To-days luli IN the currency iior ,,,e
= considered only temporary, ana the
dav.s quiet market for cotton alter yes,
1erIay's wide fail in prices is resafceu
as only a coincidence, but these iilcl,
dents are suggestive Of the dominance
of-ne cotton movement over the "hole
1noney and financial situation at present.
INV cons deranle reaction IN the price
nj cotton or any marked Ealing OH III
Inc foreign demand. even at present
,,rires would promptly alter the whole
outlook in the international money
IS BUSINESS ISL in bonds was very small and
nrics changes irregular. Total sales, par
Value. $1,000. United States new "e-
ciinei * per cent. on the iaSI Gail
The total sales OF STOCKS To-Day "eio
lSu,4U0 shares
MONEY AND EXCHANGE.-Money on
call firm at 114g1l& per cent; IA ias1 ios,Ii
al I,,.r- cent; prime mercantile paper,
:,S,f; per cent Sterling exchange weak
after iirniness, with actual business III
bankers bills at Si.S3+s Tor demand anu
at S47g5s for sixty days; posted c., ratysi
81 SII1 SiI5 and S4.S5fs4.S5; coin1nerclai
5...s. 81 IA al. 1434. silver ceTuhcateS'
6:.as9G4& bar silver 90 MeAiIall etc