The times. [volume] (Richmond, Va.) 1890-1903, 1900-09-28
PRICES TOOK AN
UPWARD TURN
Noteworthy Advances Made in the
Stock Market.
BOND PRICES ALSO IMPROVED.
Almost the Entire Credit for tho -ad-
vance is Due 10 she Impression
That a BASIS OF Settlement of
Strike has Been Reached.
BOND PRICES ALSO IMPROVED.
lRr Assncintei Press ]


NEW YORK. Sept. 21.-.Fo-Gay.s note
worthy advances in prices OF stocks " t ei
primarily cue 10 the existence oil Il u. :.
outstanding short interest. -Manlf,u !.,
against the shorts was also Very opsl i
and in the hands of strong and resou IT, e
igI interests. The BIDDING up OF SAvShs
carried prices swiftly away rom ltto
bears in the very crisis of Lhelf aas $3.50 -;
and there was a notable recilli!Itsz p -
stocks which have been ioailtG 70 , -
shorts on advantageous terms loT d io.-S,
time past. This could only be me iesI 49,
of powerful manipulation 10 iefce tiiS
shorts TO Buy stocks TO cover. But %ili!e
these facts were obviously true. Tue ul.
ward reaction could hardy nave net 49,
qrecipitated or extended 10 the , lens e.tt s
II has without a strong To- uislott
speculative sentiment from Inc oSpi S
sion which has induced the AQliual toii
Tor some time past.
Almost the entire credit for TINS feNul-
sion must be given 10 the growing cor
IicJion. strengthened by Significant ~ az
1nissios from authoritative sources Ia M :
active negotiations are gong ioi"aii ~
tween the anthracite coal operators . ailN
The miners and that basis OF SttttS
nent has been formulated. VAIN eoou
hope OF success. The violence OF the fe-
covery in prices on TINS aeEeio5s.,ig5iiS; ~, -
astonishing considering the sIaaI 1ui-
preston that has been made on inc PITS
of coal-carrying railroads SINCE me sl STIR
has been in force, and ~fllcl tiaS q ~ Eia
the impression that there was hltie sn 10
This siIpposition viii scarcely hold IN
view OF the large bear account .t With u
was disclosed BY the conHlciloh that d
strike settlement is imminent
Commercial bills of exchange los COZ.
ton are coming forward in snch loiS 80; .as
TO relieve apprehension as to the aplht!
of the New York money market TO meet
Its future obligations ON the German aliu
British eSchequer loans with export OF
gold. The downward course oil eActailS .
toll sriS-
pectation that gold viii move TINS way:
That such a movement could ne lorce1 5
in Ease of necessity is very evident, anu
that ii Will be unless foreign money rates
advance is very probable.
The strength of the stock market grow
ing into EugSanCy was continuous a1Iei
an opening dip in prices due TO me
cllagfin OF The bears who We're driven
to cover last night on rEmor OF the
coal strike settlement, which was not
confirmed this morning. The extreme adj
vance in the coalerS ran up to .IS4 IN New
Jersey Central and lie leading special
ties. and local traction stocks recovered
from 10 81 points. In the active rail-
road list net gains OF to > points are
strong at about the top.
Bonds improved in sympathy with
stocks, the speculative issues leading:
Total sales, par value. $50 600, United
States new Is advanced Il in the bid
The total sales of stocks to-day were
49,, 400 shares.
MONEY AND EXCHAIGE-Mone on
cali steady at 1902 per cent; last loan
at IL. per cent: prime mercantile paper,
al&Gba3a per cent. Sterling texchange
weak with actual business ini bankers
l;ls at s.. S59sdl4. Soy for demand and al
81 SLIT. S2&4 for sixty days; posted
rates 81. S8a4S4 ara S4.STGl4.S7ll2: com
rnercial bills S4Sl l&Qpi. o.. Silver certifi-
rates. 6S4tdti4l1a: bar silver, G3ls: Mexican
dollars. 493& Government bonds strong;
railroad bonds strong; State bonds
inactive.