The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-09
STOCK PRICES
lVERE ADVANCED.
A1|Aggressive Leadership Carried
Market Upward.
|. / N. PARIlcu LARRY STRONG
There Was Heavy Dealing in This Stock
on Belief that Road is Reaching Out.
There Was Late Relapse on
Profit Taking Close Easy.
/. / N. PARTICULARLY STRONG
m 4 sxoc,ntnd Press,

NEW York. April s.-The effect OF yes
terdny's furry in the money market Wa
dissipated To-day. and an aggressive leau-
e,Ehip was developed on the recovery N
stocks. This leadership seemed 70 remain
with the Western men who took hold OF
The market late last week. There was some
cruited from other sources, while their
position was stronger by reason Oh me
shaking off by weak holders The snort
interest during yesterdays decline was
also a considerable factor Of strength i'll
The reinsurance Of the speculative ele-
ment was not immediate, and there was
considerable wavcring and uncertainty 1h
the early movement of prices; in TACT.
there vas not much in the market up 70
noon outside OF the persistent ABSORPTION
Of Louisville and Nashville and the sharp
advance in .Amalgamated Copper. appar-
emily a continuation OF yesterdays move,
ment- Louisville and Nashville proved
the central figure Of the market. and its
active advance was the dominating fac
tor in the broadening demand for stocks.
Tho dealings in the stock were on an
enormous scale. and there We're tndica-
lions that the Western contingent of spec
ulators was reinforced on the buying side
by a we'll known operator who only re-
Gently returned from a long trip to. re-
cuperate his health. The explanations
offered for the rise were mostly IN the
lRtorS.
The reported acquisition Of the Atlanta.
Knoxville and Northern Railroad was be-
cursion into new aerritory The seilei
was professed that the new issue OF soyO0,
600 OF stock for the purpose Of ms p ,,1.
freeing from the future offerings OF 1t
The aggressive undertaken by the COM
pany gave rise to conjectures as to the
possibility of the establishment of "a COM
munity of interest in the territory con-
cerned.. Illinois Central and Southern
hallway preferred were benefited by SYM
patty. The movement spread into the
Southwestern stocks ana st. Paul. but
Union Pacific Southern Pacific and sAtchi-
son were little affected by the movement
Nanderhilts of from 1GS points, and q
large number of minor stocks, of which
conspicuous We're vigorously advanced
The list of minor Jndus;rials affected was
also as large as has recently been the
rule. The Westinghouse Electric stocks
made sens onal advances Of 1sls for. the
common i: for the first preferred on
the strength of an analogy with the move
ment in General Electric.
The whole movement gave way in the
proflt-takinE. which developed in the last
hour. and the principal stocks were car
,ied back from 1@2 points. The market
closed easy.
The rate for call loans held firm to-day
at 5n6 per cent 1t was believed that this
rate would check further shipments of
gold, and this. assurance was relief
10 sentiment. The calling of loans yesteT-
day seemed to have strengthened the sit
uation of the banks so far that the feel
much 1uieter.
The Central of Georgia income bonds
We're the features of the bond market a
advances Of 2Gr2h per cent: otherwise the
bond market WAS rather quiet hut firm
Total sales par value. s377o 600. United
States bonds WeFe all unchanged on the
rs st ,,tt:aa!411---~c>-l
The total sales of stocks for the day
We're 715,40H shares.
MONEY AND NEUTRALITY-SUSPICIOUS. on call
firm at BAG per cent: closed offered at : pcr
cent: prime mercantile paper. ~ as per cent
Sterling exchange easier with actual business
in bankers bills at s4.s7ss for demand and at