The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-16
1B||lGgES R|ADIjl!C
STOCK STORY
nearlyla Million Shares Sold 1 il IN
a Couple Of Hours.
THEY DWARFED. THE MARKET
Yc, the Dealings in Other Stocks We're
Of Magnitude Only Reachediin Time Y &;
Of Great Speculative AcdvH.cs:e
Sales 100000 Shares. sdIS

US. Associated Press. -.
Of the trading in Southern Railway STOCKS
to-day eclipsed any ever before seen on =
the New York Stock Exchange. The total
standing is l,20G.0 600. The dealings recorded
4n the stock to-day were 9, total number OF
go shares On A2ril, a lso; - 1fse e
500 shares during the struggle between IN o. e
Morgan and Hartman Interests in the
Iranscontinental field. That figure a vas
1ngs in a single stock until to-day !, ne
tremendous volume of these dealings
dwarfed the rest Of the market. and yet
there we're a number of other stocks IN
which the dealings were on "a scale only
reached during periods OF great. speculEaa-
tive activity. 80 80 |;
quiet enough. and The opening bulge in
Louisville and Nashville 10 llea riy points
over. last night awakened some, mo-
mentary skepticism OF the overnight re-
ports of q settlement of the dispute Tor
the control of Louisville and Nashville.
But the parties interested We're already
In consultation when the stock market
opcred. and there was a. scurrEing of
bTckers from the neighborhood Of the con-
Z sultation rooms. Immediately buying or
seemir ely unlimited amounts of the stock.
The movement in the stock did not be-
ctsme wild 81 any time, in spite OF the
1 zen ctsonary tendency Of Louisrille and
] N;,s1.ille was also a convincing demon-
s,,gt.on that the struggle for that stock
had terminated: and the scramble TO get
oat 10y the smaller operators who had fol-
lowed The deal carried il down by sue
Sessaye stages to 12ai. The last price
3 point.
Southern Railway suffered at the last
from the profit ia king on the part Of the
stock recklessly but were apparently not
dispose6 to remain in it overnight in
facs Of the many possible contingencies
"a, in no cSf, tim, Ma yio,.
carried Southern Railway back to 3Tsz.
and y closed only n higher at q, net gain
Of 3ss. The preferred stock gained 81 /.
The extent Of the public influence when
the stock market closed was contained in
inc formal statement by the Gates ele5
n 5eis,. NAT they had bought control Of
proposed to leave the settlement of the
dispute 10 ]. F. Morgan and Company as
arbitrators This was accepted as con-
would be benefited by the deal.
The movement in Illinois Central and
in Chicago: Indianapolis and Louisville
We're directly in sympathy with that in
Southern RAILWAY 1t is supposed that
Illinois Central will be allowed to share
IN the benefit of the Louisville absorption
end that Chicago Indiana polls and Louis
vile R.ill possibly form a. connecting link
70 Chicago. To-dars .argc buying OF St
Ita'ii was supposed to be Que 10 Il re-
nrWal OF the campaign for a rise by the
element which bought Louisville. There
was some strength in the other Changers
1Ha tfaclncS and III Pennsylvania and
Baltimore and Ohio. n :
Copper advanced at one
Inc over a point but did Tot hold it,
IhereG We're notable advances in special
ties here and there. international Power
1ls1I,s nearly. II rc-rt Bur there were
olso outside of
J l!sss: ongested centers Of activity. there
vas not a. nota Bile demand for stocks
There was some stiffenjng of The money
rate again. but the continued calmness
OF the money market through. the day re-
lieNed the apprehension that: was felt lest
the enormous speculation should develop
stringencN.
the casing of the exchange market in
t1icated that borrowing in foreign markets
Vas being freely rc:;orfed to. General con-
siderations received little attention The
market closed irregular under realizing.
The bond market was irregular. Total
sales. par value, $4,000 United States
bonds were all unchanged on the last call.
The total sales OF stocks for the day
were 1,l5a.1o0 shares.
MONEY AND sExCHANGE-Moneys on cal,
hrm at "itMols per cent: closing. bid and asked
4a4tu per cent; nrimeE mercantile paper. 4ls6
az pr cent. Sterling exchange heavy with act.
tal business in bankers bills at s4 SYN for
posted rates. k4.ss End Sassls; romnler,.iai
hills. s4.Ssis a4.s5!s. Bar silver Sh3ls: Mesi
can dollars, az. Government bonds. steady;
State bonds, inactire: railroad bonds, dull.
STOCK QUOTATIONS.
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