Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-09-11
SAGE REPORTED ILL.,.
ms CAUSES !. SELLING MOVE
anSr IN THE couLp,s STOCKS.
WHOLE LIST IS AFFECTED.
coalition. Favor Higher Prices.
however; London Reports strong
Tone for Americans, and Call
Money is Actually Hardly higher
uhnr Fer Cent.
snSr IN THE couIn,s STOCKS.
WHOLE LIST is AFFECTED.

NEW YORK, September io.-For the
-os; rnrt the tendency OF to-day's mar
rs. was irregular. though opening with
considerable strength. which was well
-,,intsined un:il the last hour. About
.h,s time rumors of serious illness on the
,s-t Of Russell Sage caused selling
movement in the Gould stocks. the re-
-,a!rder Of the list being sylnpatheticaliy
erected. Conditions, as a whole IA
yored higher prices. London reported
..-ang tone for Americans. another gold
.,,oortation was announced, call money.
tsough nominally as high as per cent,
WIS actually hardly higher than per
cent: crop news was encouraging, and
ss-Iv aivices told of truce between the
Pennsylvania and Gould interests. Large
r as a result of these last rurnors, and
aided by clever manipulation. Pennsyl-
vsria and Baltimore and Ohio. whose in
terasts are virtually identical, advanced
ovcy q point each, and the Gould stocks
also gained. In the same move improve
ment was shown by ST. Paul. Louisville
and Nashville. Rock Island. New York
Central. Illinois Central and the Wabash
IS but The Industrial list was neglected.
save for some activity and better prices
IN the Gas stocks and American Ice pre-
ferred.
Following a brief halt toward the end
Of the first hour. during which the list
sarged there came an active demand for
Union Pacific Reading. Manhattan. All
Gibson. and some Of the Specialties. At
the same time there was some selling of
Missouri Pacific by brokers who had been
active on the other side. ST. Paul on per-
sistent rumors OF an increased dividend
made a further advance. and Readings
strength was we'll maintained in spite of
obvious profit-takine in Pennsylvania.
baltimore and Ohio, and New York Cen
trail.
United States Steel shares were taken
Up the common being extensively traded
IN. and simultaneously strength was
shown by Tennessee Coal and Iron stocks
q that class. There was no news to ac-
CONT for the increased interest in these
Issues, other than the general prosperity
Of the steel and iron trade
Ii the miscellaneous list the shares of
the express cornpa MES advanced from
10 5 points. on very light trading West
ilEh0use Electric and Pere Marquette
gained points each.
RECESSIoNS IN RAILWAYS.
The feature of the last hour was a
three-point decline in Missouri Pacific, and
:ecessions in the standard railway list.
including Baltimore and Ohio. Norfolk
and Western, Reading. ST. Pae !: and New
York Central. The selling movement
r-ir,u5 III of 4
gains. and in some instances caused net
1osses. St Paul and Missouri Pacific max ]
ing the most serious declines.
New high records for the day included
ST, Paul. Missouri Pacific, Rock Island,
Baltimore and Ohio, Reading first pre-
terred. Southern Pacific Missouri Kan
sas and Topeka preferred. Wabash COM
mon and preferred. Wheeling and Lake
Erie second preferred, St Joseph and
Grand Island first preferred. Republic
Iron and Steel, and American Car and
Foundry The new issues of the Rock
Island were again the feature on curb,
the four per cent. bonds selling up to
@l= m transactions aggreea ting about
S1.noNOnO
The bond market maintained a firm
lone during greater part OF the day,
despite The heavy realizing in Wabash
'''-ii'e'N1' WHICH depressed tnern Two
points, The market sold off in sympathy
with the decline in stocks. Total sales,
pa 'alue. ASS5.e0. United States old As
declined il per cent the new as regis
tered advanced 1-2, and the new coupons
Ok per cent. on the last call
Inc total sales Of stocks to-day were
L224,eifl shares
MONEY AND EXCHANGE.
close: Money or call firm at 6Gs per
cent; closing bid md asked. sa7; prime
mercantile paper. 5d1s per cent.
NteFAnS exchange weak, with actual
business in bankers bills at 4ss18 for
demand, and at 4.s3.s15@4.s3.75 for sixty
c @sF o'ls; posted rates, 4s41kds5 and 1870
~ commercial bills. 4s2 E94.s3 8.
oar silver 81 IS: Mexican dollars 4OIs.
Government bonds irregular: State ]
Ooaas inactive; railroad bonds steady.