Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-09-05
ON THE BALTIMORE CHANGE.

BALTIMORE, MD. September At
lantic-Coast Line continues to attract the
chief attention of operators in the home
market To-day the common stock sold
from 165 up to 1G7. fell back to 165 and
closed at 166. Atlantic-Coast Line of
Connecticut reacted from ;55 yesterday to
94S to-day. the last sale being at $50.
The Seahoard stocks were quite neglect
ed early in the day but later on better
demand and considerable Tansa cdons
The common sold at 50 Ia to 321-2 and
preferred at 50 Ia to Sc 3-S. The { per
cent. bonds sold at SIS SIS and per cents.
CT 1o41-4. Consolidated Gas stock re-
mains steady at "a. United Railway in
comes sold at 20 SIS and the first As at
p51-4 Common stock quoted without
transactions at Is IL to 1888
Nashville railway per cent. certificates
sold al rs.
A GENERAL STOCK REVIEW
NEW YORK, September 4-Partly as
result Of the furry in the call money,
which loaned as high as per cent. and
for other potent reasons the stock mar
ket to-day developed a distinctly irregu-
lar tone. Before the close of the morn
ing session more or less weakness was
shown in a number of the speculativ
Issues, namely, Reading. Pennsylvania,
New York Central. Union Pacific, and
Southern railway. These and other less
prominent stocks fell to a level generally
lower than yesterdays closing prices.
Much of the selling was of character
technically known as good" and in con-
scrvativc quarters the opinion prevailed
that the pace of the early week had
was again very heavy, but the day as
a whole was less active and more cir
cumscribed in distribution of business. In
the face of these adverse conditions new
high records were made in Baltimore and
Ohio, PENNSYLVANIA. Wabash common and
preferred w. l.. E.. Pacific Coast, Ma
tional Railroad of Mexico. Pittsburs G. c..
and St Louis. Cast-Iron Pipe and Foun-
6ry issues. and Sheffield Steel COM
mon and preferred The feature of the
opening was the strength and activity
Of United States Steel common. ,Pur-
chases of the stock were on a large
scale and resulted in substantial ad-
vance, but the full Improvement was not
maintained The move in steel common
was presumably based on its strength in
II.
MAS reported for American interests. Lo-
cally London traded IN about 10000 shares.
chiefly steel common. but sold on balance.
The early decline in Pennsylvania was
followed by a reactionary movement in
the stocks OF most of the southwestern
roads. There was no news concerning
Beading, ana the common stock, on deal
!ngS much below those of the previous
two DAYS closed with a decline of "a
points Opinions differ as TO the ulti-
mate fate OF that property. but the know
ing ones declare that its future rests
with Pennsylvania. who. IL is said. Will
turn II over to the Baltimore and Ohio
line Shares of the latter. road particu-
larly the common. were ;,ctive and strong
at The outset but cic-5d with net loss.
smart advance n Wabash was attrib-
uted 10 manipuly don by leading opera-
Tor, The early 1ftcrnoon saw sharp gains
IN Peoples Gas, Manhattan. Virginia
Carona Chem cal. Cotton Oil. and some
The more OBJ. cure issues. The advance
IN Gas was acce pted as q drive" against
she short intere,t in that stock. Selling
orders in the las, hour caused recessions
throughout the &c neral list. and the clos
ing, while active. was weak. In the
standard railway group marked weakness
vas shown BY Norfolk and Western,
louisville and Nashville. Illinois Central,
s s,i Union Pacific. Call money opened at
per cent, and only comparatively