The times. [volume] (Richmond, Va.) 1890-1903, 1901-03-03
STOCK MARKET
WAS IRREGULAR
Neither in Volume or in Range o
Prices Was There Any Feature.
NET CHANGES WERE MIXED.
Steel Stocks We're Generally Higher on Small
Transactions-The Demand for Rcnds
Was Good-Thc Local Stock and
Tobacco Markets.
-n
(By Associated Press. }

rather unimportant in the stock market
to-day, neither the volume OF transac-
tons nor the range Of prices Offering any
bore out the index of the money market
during the past week, rather than the
indicated cash changes No lntellIS!ple
explanation can be offered of the fact
that the known movements of money
showed a loss of over S2,00O,0tU Tor the
week, While the bank statement disclosed
an actual increase in cash reserves OF
over a. million dollars. The system OF
reckoning the various items by the daily
averages is usually accepted for eXplana-
ton of all such vaSaries. The moderate
loan expansion can hardly be attrlp!tsu
TO any of the great financial transactions
whose effects have been most feared,
especially the steel merger. AS the C was
some selling of stocks by traders <yeSter-
day on the SuppoSition that a decline IN
surplus reserves would he reported, the
publication OF the statement brought q
demand from this source TO cover snort
contracts Prices ran off again IN some ne
cases, and the closing was irregular III
tone, as the trading had been througnout
the short session. Net changes are mixed.
The days market served to corroDorate
the view that trading has been releSated
largely to the hands of board-room
traders. The steel stocks were generally
higher on small transactions, lin Plate
preferred showing the largest adVa an! &C..
stocks were exceptions, and are slightly
lower. The bituminous tidewater carriers
continued in some demand. the BATH
more and Ohio stocks being marked up
2Hs and rs. respectively, for the common
and preferred. Sugar was inclined 10
be heavy, but recovered the worst OF It's
loss. There were advances IN some Oh tle
less important stocks here ana there II!
the list, and some strength in individual!
railroad stocks on reports OF good
earnings.
the Southern
Pacific issues and some of the southwest
ern railroads. and those affected by re-
cent consultations or changes OF controi.
United States refundnS rs, registered,
advanced * do. coupon y. and the IS,
new As and IS 4 per cent. over the CLOS
ing call of last week ,oo
Total sales Of stocks To-Day were o5u'-
100 shares.
MONEY AND ENCHANGE.-N1oney on
call easy a per cent; prime mercantile
paper 3&4G4A per cent. Sterling exchange
steady, with actual business in bankers
bills at $4.S7as for demand and at 81: S41Seg
4.S4M for sixty days: posted rates, i.S3W
4SJia and 81. SSh; commercial bills, 81. S33As
80 Government bonds steady; retundlng
rs, registered, 1851. Silver certlhcates;
61l5a63 State bonds inactive; railroad
bonds irregular.
WEEKLY BANK STATEMENT.-The
weekly statement of averages of the AS
loans s9I4 2N9. 400: inc. 50. 4OS 500
Deposits, S1,O 12514 900; inc. 49,. 3,32l 100
Circulation, $51 1903. 600; inc. $1,000
Legal tenders. 1881, 100: inc. 9l0O
Snecie SOB GAS 500: inc 99J2 200
Total reserve, S265, 929. GOO: inc. 1,oSG.eOO
inc S31, 775
Surplus reserve, Sill, SOL 10O; inc. 2o4,42
STOCK QUOTATIONS.
Closing Bid.
a+chison 55N
LAtchison pfd ........ .............. oSA
Baltimore and Ohio ............... 30tS
Canadian Pacific 901a
SsDnda Southern " 56&
Gus aud Ohio 42k
Chicao,o Great Western 1873
mi Ru, aud Quincy 1443S
OH md. and .... 32H
Sb; I'D aud r. MD 20
~ onI East Illinois JOG
S'bi and Northwestern 1T11h
Chi. Rock Island and Pac. ......... l23;s
c.. c., G. and st. Louis ..--...- '.aa
Colorado Southern ........-.. 81
Colorado Southern 1st pfd. ......... 42!2
Soiorad0 Southern ID pfd. LIZ
nj and Jmison 100