The times. [volume] (Richmond, Va.) 1890-1903, 1901-10-23
STOCK MARKET
IN WAITING MOOD
Nothern Pacific Settlement Disturb
ing Factor.
SOME ADVANCES REGISTERED.
Money on Gail Was firmer at Three to four
per Cent Railroad Bonds We're
lrresular-LOeal and To-
bseco Markets.
tpy Associated Press,

NEW YORK, Oct :e,2.--Wait!nS on l!1c
hai,i.erii lsiciie Statement pssl uNse,
the cunuiIlon OF to-c1S sloGlA ',,ss.,i
AS the convection * general liis'l Wy 49,
s,,,,ls IN me settlement must i"8tt -
i,, sence ia tins CITY OF j. 4. MoIsaIt,, " ~, -,
rs ,hat gentleman Was rcloFleu 49, 49, ti,,.
the Northwest on his retdiA a et *
continent, the outlook Ter aSSlNi .IS ,.,S.p
not promising Whatever sit5ilii -. ~,
nuacles TO INC fact that out o, 80,
Northwest came the influence -
strengthened Inc stock later IN .iiS -.
can only be sGrmised. mere ~ I. rre,x
ll.dication OF The movement pu1 X s7 80,
ruG spread from the Chlcsso ai t -.
west stocks, ana cinpr 60 ~ 80, -, IN.
pal railroaGS in the NoTlH"eSt +tiu az
SandcrbilIs all the WAY to sea boala.
Considerable sympathetic eileS. M'a -
pru0uced by This al the last resulting III
arty:llcas af as much as 4 point IN some
nj tht, Pacific Changers aflG hlSh-pflcea
si,Jci3lties New York Central ana the
sa-calfed iuuior Nauderhilts advanced Ia
li4. An impression mas gone af2f"ad l 5+l.
fht. DEVELOPMENT pending III the Wander
biii system is to take the, form OF n
mclon-cutting for the benefit OF Lake
Shore. The recent increase in the Nalua-
Tor of subsidiary stocks held III its treas
urN. provides material for "A large extra
disbursement. which would operate indi-
rcctly to the benefit Of New York Cen
1ral. The pamphlet report of the Great
Northern Railway, Notwithstanding the
large decrease in net earnings reported
as result Of last years spring
wheat shortage. contained such good &C.
counts OF the conditions il that region
thar it WAS an influence in the rise of All
tho Northwestern railroads. Great North
crfl Itself fell * at first on the showing
of net earnings. but recovered With the
late movement in the group.
There was continued speculation in
Aiaalsamated Gopher. the stock reced-
ing early on the decline in raw copper in
London and The further spread in the
price of futures below that for spot, indi-
eating the expectation of a coming fall
in price. Amalgamatea' Copper, however.
recovered with the late buying movement
in the market. Large lending Of money
on call. coming from the banks. affiliated
viii. the Standard Oil interests, was in
tcrprcted by the SPECTATORS as an indi-
cation that the recent attitude of onpoSi-
lion to a speculative. advance by that
party had been modified
The banks received payments for an
additional half million of gold at Pacific
coast points and there Were reports that
the movement of currencE to the South
was declining. although 50, 10000 was de-
posted at the sub-Treasury for transfer
10 New Orleans. From a money stand
point the future violent rise in foreign
exchange was not reassuring; There
seems to be a. like rush of cotton this
week to export points, but this has not
had the slightest influence in checking
the advance in exchange, which would
quickly reach the gold export point al the
recent rate of exchange. The expected
movement of gold from London to Paris
ditional shipments TO Berlin. marking the
Continued money disturbance at those
ccrters. triangular process Of the re-
mittance from New York TO Paris for the
repayment of loans contracted in the
Northern Pacific trouble aud in prepara-
tton for the coming Paris Stock Exchange
settlement. are said to be an influence in
The movement of gold from London to
Paris.
The market closed somewhat irregular.
Railroad bonds We're irregular Total
sales. par value, 50. 10000. United States
Ole IS declined 4 per cent. on the last
The total. sales OF stocks to-day were
3'9500 shares.
MONEY AND EECHANGE-Mo on
cal! closed rather firIner at 3@74 per cent !:
last loan. ~ per cent; prime mercantile
paper. 4I5ta:, per cent Sterling exchange
strong with actual business in bankers
DIS ut So Sti,s@f sG%i for demand and at
S4S41.@4. s4S for sixty days; posted rates.