The times. [volume] (Richmond, Va.) 1890-1903, 1901-10-16
nv BAG
And DOWN
Stock Market advances Sharply, But
Later Sells Off.
=INDUsTRIALs WERE WEAK
Glucose sugar Loses Sir Points During the
Dsy--P ennsy lyania and St. Paul the prin-
cipal Features-Wheat and Corn.
Produce Market Gossip.
Stock Market Advances Sharply, But.
Later Sells Off.
.lNDUsTRIALs WEIR WEAK.

: Z u
Stocks went up like a rocket yester-i
day morning, but came down again with
equal speed in the afternoon. Hopes
were raised and blasted in quick success
sion.
The cause of the advance was as mys-
terious as the later cause for the decline.
1t was alleged to have been a traders
market, pure and simple, and the rise.
and fall was but; the ma tural result Of
demand and supply.
Pennsylvania, st. Paul and Glocuse.
Sugar were the features Of the day. Clio
cuse Sugar sold off from As rs to 40 "a,
Pennsylvania advanced from 145 Sd to l4l
"a and closed at 147 L.
The sdv;,nceS in Pennsylvania securities
is the result of common runor that the
d.:lIenCs will be increased to a S per CERT
Easis at the r.ext- meeting of the dircc-s
tors.
r. Til, st:sEetls of the Western Eailwiv
stocks is based upon a firm conviction in
the minds of spectators tlls- Hartman,
Hill, Morgan and the Standard Oil peo-
pie are perfecting the community of in
terest plan so far as these roads are CON
cerned, and that increased earnings aEG
dividends are in prospect.
The following stocks We're sold eX-divt-
demo yesterday: Steel, preferred, 1 S4;
American Tobacco. IL; American 1';.-5
bacco. preferred, 2; American Tobacco,
D. w. Scrip, 8.
HUDsoN,s OPINION.
CT. Hudson & Co., of New York, In
their letter to customers yesterday even
ing. stated:
Acute weakness developed in the indus
trial quarter, with Copper and Glucose
conspicuous, and a length the tone of the
entire market became easy and SO re-
NAMED at the close.
1.-THE selling movement in the railroad
list was sharpest in the last few min
utes of trading, and Pennsyl vania was
no exception in the final declining ten
dency, after having been the strongest
stock on the list the greater part Of the
day.
Again the market was extremely pro-
fessional. Unusually heavy shipments of
currency to the South figured among the
unsettling factors OF the day giving rise
to fears of an unfavorab1e bank state
| ment this week. 1t was also said that
a hitch had occurred In the recently
rumored railroad deal. The market con-
tinues to justify expectation of lower
prices
IMPORTS AND EXPORTS.
The New York News Bureau says:
THE merchandise imports into the
United States during the month of Sep
TENDER We're valued at over $751; 0G0, 600.
an Increase of s7,731, 900. Exports valued
at s106S95, Co., a decrease of a little over
s9000.0C0 For nine months ended Septem-
Der Soth. the balance of trade in favor of
the United States aggregated nearly four
hundred Millions
COTTON INJURED.
A Houston, Tex. dispatch says: Re-
ports from all sections show disaster to
cotton crop of Texas is every bit as great
as has been represented. In many sec
tons picking has been completed and
the crop is shown to be anywhere from
40 to GO per cent. less than last year. To-
tai loss estimated. as the result of short
age, will be fully fifty million dollars