The times. [volume] (Richmond, Va.) 1890-1903, 1901-10-02

There Were Firm s2ets in Railroad List.
ana General uader.oae WIS Strong on
R,eu2era.isa of Resources of
A,pncy Market.
ny Associated !,ress.l

NEW YORK Oct. 1.-The lively interest
IN to- days international. yacht race took
many Stock Exchange members away
iron. the board room and still further Oh
nlnlsiled the volume Of the trading. The
DAVIS aggregate sales were barely 100000
shares. anu the iinciuation of prices was
Very narrew lcr the most part
Inc e%CeDuo2s worthy OF Sneclai hole
*,aa in the Industrial list and among the
dormant ai.a irss important railroad
stocks. ilquiaaIan in sugar was the lea
iuie OF the market, iohowin& II SHARP
break ia the prlce OF yesterday. The
usual lack OF information regarding the
movement was onEa OF its features. The
TGSl1-tradefs Joined in the selling IN an
attempt to mGlsc a quici. curn. and their
covering caused rally of a point The
stock's extreme decline Was IA. The. EoS-
sap 10 account for the decline incluoed
runlorS that insiders We're ilGuidating on
apprehension OF 4 tariff amendment at
Ia" coming session OF Congress. The
e, neral feeling @. nistrust or thechlinG-
pool methods 81 the great industrial cor
1oratiops which has reached an acute
stise slalcs the recent episode in -A'naiga,
in q number of other induStrialS.
i'nere were declines oG lJ.m2 points in
Brooklyn 9'ra9sit. Coloraoo Fuel, Ma
and American Express. The waiting at
tin &c of the market was Iartlv due To
eNnectations OF dividend action on the
Knitted States Steel stocks and the pre-
sentation of a promised financial state
ment The non-appearance of this. as the
session drew toward its close, emphasized
The weakness OF the iIIduStrialS. ANAL
salnateo Copper was rather firm, rising
point. then losing ii and stiffening again
to about the best AtchiSon WAS quite
notably firm and gained a point on
runlors that the directors would increase
lhe semi-annual dividend TO per cent.
AZ n meeting tomorrow.
There were some other firm snotS in
the railroad list, ana the general under
tolie was rather firm on q belated recog-
milton OF yesterdays Important recupcra-
uon OF money market resources by re-
celptS OF Australian and French colo. y
rise in the New York exchanges st Cllicae go
10 par, also assisted in a mitigation Of
The interior pressure Tor currency. On
The Other hand sterling exchange rccoT-
cred a fraction thus disappointing hopes
port point. There was also q rise in call
money in the late dealings to ;I& per
cent. which renewed the coniectures as
70 the cause Of last weeks loan eXDan-
sion and It's possible continuance
The unusually large dividend and in
terest disbursements incident 10 the first
OF October are expected to affect the
money market within a verv short time
The action to-day was hesitatinG through
out.
Total sales of bonds, S11ON.o00 United
States rcfundinG rs advanced Il per cent.
on the last call.
The total sales of stocks to-day were
3SGat00 shares.
MONEY AND DEMONSTRATIONS on
cali closed steady at 3l,G0t per cent; last
loan. 3l2 per cent: ruling rate. 1 per cent.
urine mercantile paper. 4l2IT:Ii% peg cent.
Sterling exchange stea6ier with actual
business IN bankers bills at 81 SoI;fT4. S=8s
for demand and at 81 s;S04. S:;I< for sixtv
Gays: posted rates. 81 S3lSd. 81 and
St.Sti6Ii S6la; commercial bills ST S2I.60