The times. [volume] (Richmond, Va.) 1890-1903, 1902-10-16
II. = 2
STOCK MARKET
PRICES ADVANCE
3slief That Coal Strike Will Be
Amicaby Settled.
SHAW RELIEVING The MARKET
9eport Tha, He vs,lI Make Further
L.rge CIV rnmen, Bond Purchases.
Cali Loans Opened at Nine
and Fell 10 Five.
fRv Associated Press

NEW YORK Oct la.--tutther progress
was made toward "a higher ieSei OF pilces
II. the sock ma ket to-day. although tilet e
we've no new actual developments IN
either the monetary or the coal Stike
situation TO Indicate any material change
in conditions. Nerertae.ess, the teeiins
was prevalent that the coal strike would
reach an early amicabie end, and that
measures are TO be taken by Secretary
Shaw that Will shortly relieve the present
silingency OF the money malket- HIS ac1
ton was said TO be in the nature OF
further large Government bond purchases.
various interests To be CREDITED Win nov
ing large amounts which would es say
ly turned IN. The sums named I.tise -
from Sl0oJ1.091 to 330.pt0,0Oo. ana me e.
port was vigorously circu ated sthTous nov
The street. Whether there was any iou,,,
Sation Oh, not in the rumor the money
market reflected greater ease thar N so,ie
Time. cal. loans opening ats the h;s1iese -
and shading gradually to per CEN, -.
Consider able attention was gwen " 1,is
report that there would be certain H1ooi,
hcatons in the terms proposed by the S Goa'
operators for a settlement OF ne s. fra,,,
the miners in the points contested. No
thing definite developed regarding TINS
report though 1t was colored 70 some ex-
tent by the heavy buying, OF Reaalng,
which showed considerable strength
throughout the day. The dealings We're
smaller than usual in other stocks :of this
sral 10 await active developments before
pursuin, active operations IN TINS QUA
ter Recent speculative leaders among
the Changers, facitlcs and souihwestern
tire market showed decided strength al
one tine or ano..4er. St Paul. l>ou:sSil:e
and Illinois Central were consplcuou,s IN
advances of 2 points. Prices elsewhere
averaged a point pretty generally win
quite an active demand In numerous spec
ialties. The Gould stocks as group re-
ceived the most consistent support. the
heavy buying Of Missouri Pacific having
sustaining effect on the lower-pliced
stocks
llauing lacked the breadth and activity
of the enrly operations OF the week. hui
there was marked undertone of conf
dence in the general situation.
Sterling exchange rates made furtnei
of the likelihood of early imports Of gold.
The paEr1le.t day of the second install,
ment of 81, 900 90 on the Louisville and
Nashville account was looked to as con-
tlibudng toward further ease IN the
money situation, as the funds viii prob
ably be redistributed again through the
usual banking channels.
In the late session stock trading was
virtually stagnant at times, and especial
ly when the market was under pressure
from realizing ga s. There We're occa-
rional bursts OF activity. and these as q
rule were marked by advancing prices.
Proft-takins sales outweighed the buNing
orders in the final hour. and there were
number of important reactions which
were not checked by final upturn in ST
Paul to the best The closing was duii
and easy.
The bond market was dull to-day. but
displayed a firm tone. The total sales. par
value were S2.475. 900.
The total sales Of stocks for the day
Were 601, 100 shares.
MONEY AND ENCHANGE-Money on
call firm at sae per cent: closing bid: So
Der cent: prime mercantile pa per, 6 per
cent. Sterling exchange weak with actual
business in bankers bills at s. So 3I5 for
Jsr,and ard at $3.50 2ST4 81 S75 for sixty
DAYS: posted rates s4.s3lsd4. s6iS: CONNER
cial bills. "a 81. 75lc4.s2-25. Bar silver. 5o]a.
Mexican dollars. 20. Government bonos
fir,ner: State bonds inactive. railroad