Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-10-10
MnNEY Az rNc.I1ANc.E
TIPS ON THE MARKET.

Miners voted 10 continue strike
President Mitchell in New York
Rumorea resignation OF President Baer,
OF Reading
Reading annual report for June 3oth
Shows surplus after fixed charges S.
$4,000. q decrease of s2S4 900.
Strike ordered among al French coal
miners
Easier tendency IN exchange.
Tame money still very scarce
Russell Sage much better.
Western Union earning about 61s per
cent on stock
Talk Of dividend possibilities on Hook
in Coal and Iron.
Pacific Coast advances common and
second preferred dividend to a per cent.
basis
H hartman and Senator Clark
have settled their differences over the
san Pedro road.
american Sugar viii save S1,00100o this
year from removal of taxes.
Jhe situation is clearing hut it will
be well to let the bull movement come
slowly and not to force it.
Take the substantial things, ST. Paul.
Pacitics. Baltimore and Ohio. Gould spe-
claltlcs, and fractions. but do not load
IN
Money is little more plentiful time,
just a trifte less exacting.
Rumors of compromise on coal strike
viii be Very thick. and market will rally
couple Of points or so.
There are no new unfavorable develop
ments in Copper situation. and bears on
10th Anal. Copper and Anaconda should
he wary
Specialties: Industrials. Southern Rail
way, and Peoples Gas will rally substan-
tally
Indications are for improvement. and 1t
IS expected we will have a steady open
inr in the market to-day.
Factors to be discounted by the fur
tier upward movement are an expected
good bank sta tement. and the interpreta-
uan that will probably he placed upon
Labor Leader Mitchellis secret meeting
n New York whittier. 1t is reported, he
has been summoned 20 consider conces-
sloas from the operators. who are said to
be impressed by the Vote of the strikers
10 stand firm
Ii Is strongly urged 10 purchase on all
reactions Southern Pacific. Union Pacific,
Atchison preferred, and Western Union
London market not active. but showed
following advances:
Canadian Pacific and ST. Paul j per
cent. Atcilison and Union Pacific per
cent, other stocks on parity.
u was evident towards the close OF
market Wednesday that there was more
81 rebound TO the market in the rather
quick Improvement from the afternoon
decline when money jumped to Is per
Cent
The fact that time money commands
such a high rate shows clearly that the
money market cannot be ignored, ana
although The undertone of the STOCK
market has improved and stocks. In the
80 lin,lidsflOn
recover some. il is unwise to feel In any
way confident as to market swinging
in'o an upward trend.
On favorable strike news shorts VIII
recover. but it is more than likely that
there is large line OF long stocks hang
ing over the market which Will come Out
on any recovery.
The committee on securities rules that
HE Southern Railway Company voting
Trust Certificates for common ana pre-
fetred stock stamped are delivered only
Tor transactions specifically in stamped
certificates
A private firm in New York has recelv.
cd information that the operators VIII
Issue a circular requesting the men 10
return TO work on Monday,
Harris Gates bought 1000 Union Paclnc
II io5ss
j NJ Shaw sold Amalgan,ated Cop
Per
savn was large buyer of Reading
yesterday.
Content & Go. bought Reading.