The times. [volume] (Richmond, Va.) 1890-1903, 1901-10-09
sen IlNEiNI WAS
VERY UNSET TIED ] .....!| J
Price Movement Conflicting and
Varying.
---
HIGHEST PRICES LATE IN DAY.
Hesitation Asal, overcsme Tie Spectators
and Prices Sold OF Again.
Making ths Closing
Easy.
HIGHEST PRICES LATE IN DAY.
nv Associated Press. I,

NEW YORK, Oct S.-The conflicting
and varying movement in prices OF tn'.
stock market to-GaS showed that specu-
latlre sentiment; was considerably unset
TIED. i he impressive. buying of YESTERDAY;
which came from d fe,y concentrated
sources, evidently made an impression on
professional lraders. They were inclined
10 take the view that the waverinG inosc-
ment OF the market yesterday Was an I'LL, III
ward movement, large bear interests I'm
ing advantage of The raid OF lesoilS
stocks 10 cover their short contracts
Influenced by this conricEon fheTe was
n disposition 10 cover short lines to-daV-
A drive against Sugar and BROOKLYN
Transit after the early strength utlset.i ie.
this conviction. but the bears mad evil
IDENTIFY lost their aggressive spirit ana Gld
not pursue their advantage. hut TOOK oc-E
casion to cover their short lines again
Prices touched The highest late in the day.
bu; the hesitation again oTercame the
spectators and prices sold OIL again.
liking the closing easy The signs of
an ogeI-sold condition of the market was
balanced against the persist!ng doubts and
dread that the money market resources
are not sufficient to save the situation for
Tho remaining period of interior uemanas
1D! currency.
Back of this lies an apprehension in
seme quarters that the present rcactionarv
tendency OF the market may mark Il step
in a. prolonged downward movement. pre-
liminary 20 a coming cycle OF declining
nation of the late period of prosperity
Even suppos!ng such a period has fairly
set In. the normal course of the decline
is sure to be punctuated by occasional up
ward rea ctions. OF SPECIAL influences at
work TO-DAY. the publication of the I'M
favorable August statement of earnings
of Brooklyn Rapid Transit was regarded
rs the elimination of unfavorable conoi-
lions for that stock. The SteadyinC OF
the raw copper market in London seemed
to affect Amalgamated Copper favorablS-
There was also a report of a settlement
with contendinE interests. The death OF
the Amecr OF Afgbanistan was q. depress-
jri.r
reflected here.
Movements in the foreign markets were
sharply. and Che fall in Sterling Exchange
at both Berlin and Paris seemed to reflect
some withdrawal OF capital. This, III spite
OF re-purcfases for Paris account in the
London stock market. Interest rates also
declined in London. notwithstand1:ts the
instailment of subscriptions due >? the
new conSols on Eri0ay. which amounts
TO some TWENTY-FIVE million dollars. Ster,
ling Exchange in New York continued
firm. which was probably the dominant
influence on the decline in London money
rates. The recent report of an increase
in the Atchson dividend rate persisted
to-day, but that stock showed less firm
hess than others in the list and closed
at a net decline. ST. Parl Was conspicu-
ouslE strong. an6 there was 2 renewed
advance, in the Vanderbiits. The late re-
action. however. was universal
Railroad bonds shared in :he irreGulari-
d tx Of Of stocks Total sales. par value; s.
chnnged on the last call.
The total sales of stocks to-day were
$4,000 shares.
MONEY AND EXCHANGE-Monev on
call steady at !Gi per cent: last loan. .
ruling rates. ga. Prime mercantile pa
per. 4iaGIGol. per cent Sterling Exchange
firm. with actual business in bankers bills
AZ -. S,HkGIa. for demand. and az 81. S3a4o3.
for sixty DAYS; posted rates. S4.SiihGH
silver. MA. Mexican dollars 4sII.
Government bonds steady: State bonds
inactive: railroad bonds strong.