The times. [volume] (Richmond, Va.) 1890-1903, 1902-11-11
STOCK .a,1kEl 90 5oIP

Yesterday was Blue Menaay, In the
etocA MAJ ket ior the pulls. But II was a
carnival Tor toe beais. ney lad not iiAla
o. cnance ii-.t tnls FOR many a DAY ARD
they made the most OF II.
On SdtAi9das the inoihet Went to pieces
on general I'umUts. ca-ei OF when was
taat i we'll hilown TITS. company WAS III
t4ouaie. 1T Was announced IN the Sunday
papel that TIE 5ce.iifahA iiau neeA -
tieNed and some OF tle otner iumuIs
were eNInodeu. II was reasonable to Suii-
pose, illeIt. e, thar tie alaihet MoLid
rally on Monday. but sach VAS Tar from
the fact A large namocn OF seilliaE Or
Ge.s mad accumulated over SUNDAY, and
great b.ocAs OF stock were tnloMa u.jon
the na4Aet.s The selling went on almost
Without interruption untli iaie. ~ the ses-
,;.ltl when IaeIe were substantial ia}lies
Whila@ me selling movement was atNlts
heiglit the l'unlar got out that j. +. Mo-
Ean was i'll. This ites sitaled ne seti.iis
slid II looked as thousNl the 4pottoin@Woliio
tinted States Steel common and pre-
fel.red MIS- very Weak. and so also VAS
ssuutnein RAILWAY. Mi. Morgan s favoriie.
a drive Was made at Norfolk and ~ est
etn and Chesap eake and ONO and prices
wee depressed but these stocks acted
Very Wei. closing up at In, opening piace'
Indeed the closing bid on the former Was
d quarter higher than the last recorded
sale
Louisville and Nashville was very weak
selling as low as l2sila, but afterwards
moved up above lSl.
The market was no respectet of stocks
The g!lt-edged socks. such as PennsfiN "a,
ma, New York Central and ST. Paul, All
Went DOWN in the ciash.
General iiduida. lion was in the saddle
and he rode the market without mercy.
The tetal number s, OF shares sold vas
eral Shaking out. bur for all the raiding.
net losses. except in a few cases. We're
small indeed. In most cases. strange as
X iGaN seem there we're no net losses on
the days transactions. This would inof-
care mat the market has vast deal of
Inherent strength. although the rally is
sad TO have been due to short covering.
II is wonderful tina, an urgent selling
movement like this could haze gone on
hour ate, hour without causing a STAN
throughout t:se list.
This goes 70 SLOW that some folks have
confidence In Aiate.ic securities and do
not believe that The country is going to
the bow-WoWs
Barring the manufactured rumors and
the statement that the banks have lost
Here are lev selections from the
'.fsossip p.
I5laing the year The Union Pacific Rail-
e road company incrr AK Il hoisinls r, re
ga sf;aj stock of the Southern Pacific COM
r,ans from scrrnt.-fiNe to nine million
IIne results OF operation OF the Southern
shows gross earnings. Increased, IS 29S 034:
operating expenses. increased $500 SIS:
net increase. saa5.as5:; other income, de-.
creased s245 80. total Income Increase
s,sI sa4. charges decreased si47 $50; hal.
e ance Increased. SOS GA: deficit increased.
Y.t5l 4s7.
wear ended June Both shows surplus over
Charges of sla,542l75. equal 10 about ah
peY cent. on the common stock.
Seaboard earnings for the fourth week
Z .sse ssso1s' ~ q
pressed that exports Of gold. at least this
week. will be precluded by firmer range
4 !. : "a. X i 8 =