The times. [volume] (Richmond, Va.) 1890-1903, 1901-10-23
A LITTLE SPORT
AT THE FINISH
Stock Market Was Dull Most Of
tie Day,
~
BUT RALLIED AT The CLOSE.
TIE Squirt Was Due 10 Rumor That
the Northern Pacific Matter
Had at Las. Been
Settle

The stock market yesterday opened dull
and low in sympathy with London and
the market was Il very tame affair until
a short time before the close. In the last
half hour runors We're started OF a settle
meTt having been reached III the .>orthern
Pacific matter and caused a sharp rise in
st. Paul and other roads involved in the
deal. Some of the other railroad stocks
advanced in sympathy and the industriais
were firm. Closing prices We're about the
best of the day. There was no official
announcement, however, that the North
ern Pacific matter had been settled, and
it was believed by some that the rurnor
was put out for the purpose of manipula-
ton.
Amalgamated Copper sold off in the ear
ly hours, but it rallied sharply in the late
trading and closed at go
a HOPEFUL VIEW.
Some of the New York papers are still
disposed to take the bears side. but the
Tribune says that the situation as q whole
is satisfactory. The matter OF chief con-
Germ, says that paper, has been as to the
future state of money. This is something
that has now been determined with a rea-
sonable degree of certainty. SO far as
can be seen there is nothing ahead to eit-
cite apprehension. On the contrary, the
outlook is or fairly easy money mar
ing season. Much the larger part of the
money required to b& supplied by New
York and the other Eastern nnanclal CEN
tiers for use in c0nnec--On with the mar
keting of the crops has been provided
Considerable more money will have to De
sent from New York to the West and
South, no doubt. but not as much as ear
lier in the year was thought likely, and
not anywhere near as much as was sent
last wear The movement of money, oth-
erwise appears to be materially IN favor
of New York. 1t has been made pain
that it is the intention OF the secretary
of the Treasury not to let money accum-
ulate in the treasury when the govern
1nent receipts eXCee,. expenditures TO sucil
an extent as to affect rates for money
While imrortations of gold from Europe
are considered remote, it is thought that
arrivals of gold at San Francisco from
Australia with more or less regularity
NAV be looked for Counting these prop
able receipts with those from the AioIl-
dixie and the home production of gold, the
prospect is for a steady augmentation Oh
the stock of money in the country f-N-
ports of cotton. grain. ETC., ought eifec-
trallv to prevent gold from going abroad,
aycept in the case Of q severe construction
in the foreign money markets, which
seems unlikely.
THE STEEL STOCKS.
United States Steel continues firm. put
Richmond brokers are not very Hlch III
love with the shares Of that corporation
They think that with every rise large
quantities of the stock VIII be unioaded
on the public The reports which the cor
poration is making, however, are most
encouraging. There is an Increased de
n,and for steel products. The latest I'M
portant contract said to be made by the
United States Steel Corporation is Tor So
olo tons of rail to be furnished to the
Take shore and Lake Erie and Western
Railroad.
There was little trading yesterday in the
local market.