The times. [volume] (Richmond, Va.) 1890-1903, 1901-12-10
MARKET STRONGER
AT THE CLOSE
A Weak Opening Was Followed by
Lower Prices,
BUT THERE WAS A RALLY.
In the Afternoon Id Many Cases There
Were Sharp Advances The Up
ward Movement Was Led
by Copper.

The tone OF the financial articles III TIC
New York papers on Sunday was for
the most part bearish. and after the ex-
perience of traders in Fridays and sat
urday's storm, it was not surprising that
the market opened weak yesterday morn
ing. Some expected there would be
rally from Saturdays slump. but the bear
spirit was too much in evidence, and al
though soon after the opeuinS there
were feeble rallies here and there, many
holders Of stock took advantage Oh the
slight rise to sell their holdings, ana the
market sold off again soon after noon
Contrary to ali expectations. however.
Amalgamated Copper began to jump dur
ing the last hour of the session, and rose
RAPIDLY from 65 IL to II, the last recorded
sale in Richmond being at that price, ana
the closing bid being only fraction
Hereunder. 1t was given out that MT.
Lawson, of Boston, who is one OF the
largest holders of this stock, was very
bullish, and predicted that the STOCK
would sell at IS on Tuesday.
SUGGESTIVE EUMORS-
There was also a rumor of another Dig
railroad deal. and the tone OF the entire
market rapidly changed. st. Paul. which
had been very weak during the day, pc
gan to move up rapidly, and other STOCKS
rOliOWeO. just before lire SloSS ehc iAAIiA
ket seemed to be on boom, but closing
prices were very Irregular and in some
cases materially under the last recorded
sale. For example. the last sale of Louis
WILLIE and Nashville was at 1O6 is. and the
closing bid at Jos IL: the last sale OF
Chesapeake and Ohio was at As IS, White
the closing bid was at IS Ii In some
other cases. however. the closing bids
were practically as nigh as the hiShess
price of the day.
The market has had a reaction OF from
five to ten points within the past week
or ten days, and is certainly entitled to
a. healthy reaction, unless, indeed, the
bull market has come to a sudden close
and traders are going to take the bear
side hereafter and discount hard times
to come.
A HOPEFUL VIEW.
The New York Times takes more
hopeful view and thinks that the market
is IN better condition than it has been
for some time past It says:
However unpleasant it may have been
to holders of stocks frightened or obliged
to sell as n result of Fridays and Sat
urday's collapse in prices. it Is an unde-
niable fact that the stock markets posi-
ton, technical and otherwise. has been
measurably improved by the liquidation
and short selling which were then so
much in evidence. Weakly marglned ac-
counts almost menace to the market.
have been shaken out, while at the same
time a considerable short interest, al
ways a source of strength. strange as IL
may seem. has been encouraged and built
I'D. More, the level of values now reached.
it is the general opinion. is sufficiently
inviting to tempt not alone speculative
purchases but to warrant investment
nuying in not a few issues; for. though
the market may have broken. it IS an
.1ndenia ble-indeed. very patent-fact
that general conditions have not changed
one whit, but that there is a continuance.
undated, Of that wonderful prosperity
which the country has enjoyed now for
some years.
Concerning the money market. 'ae
Times saws that despite the decrease IN
surplus reserves and Saturdays bad bank
statement, it is assured by the heads OF
the most important national banks III
Wall Street that there will be no money
stringencv Rates will hold firm ar1uas-
present figures for some time TO come.
but any squeeze" is out Gt the question
COTTON ADVANCES.
There was another big i!i,no In cotton
Yesterday. Liverpool opening up Hire
points above Saturdays close. and some
of the traders think that cotton Is TO"
well on the way to the innocent Notch
The Produce Market.
There is every indication that esys will
go somewhat higher .han they are at
present Both wholesalers and retailers
expect another rise soon. EGGS are sell
ing steadily now at 90 and - cents per
dozen
Apples are scarce and high. Some OF
the better class nave sold recently from
$3.50 to $3.50 per barrel.
Live stock is in good. active demand at
the usual prices. yeals are worth SIS to
s11 per head: lambs. 315 to Az cents per
pound: sheep, 2Ls to 3 cents per pound:
cattle. . to i cents per pound: hogs. 51a
to 6 cents per pound.
hogs, so to cents per pound.
Dried fruits are selling as follows:
Peaches. s cents per pound: cherries, II
to 121A cents per pound; blackberries. to
AZ cents per pound: raspberries. 12A TO
Is cents per pound; whortleberries. 10 to
II cents: apples. to Az cents.
Dressed poultry sells as follows: Tur-
keys, 10 to 121a cents per pound; ducks.
10 to 10 cents: chickens, D to 1215 cents:
hens, 8 to 10 cents: ROSTERS. to cents:
mixed lots, to 10 cents; geese. to 10
cents.
Butter keeps up well at the usual rates.
The ordinary run of butter sells at 16 to
IS cents per pound.
The price OF game does not change.
Onions are worth So to So so per barrel.