Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-10-11
The CLOSING HEAVY,
Work. STOCK MARKET FALLS
,o PRACTICE. sTAcNATroN.
MORE STRIKE CONFERENCES.
Arc without Effect I'm Re-
,rnl,inn Hone That settlement
uona-cnI Money Ter cent,
,t,cr Going Up Again to IL.

>.,-,,. YORK. October 1n.-To-day's car
s..,.,,n in tho prices OF stocks repre-
80 rho retreat Of operators who had
-, Yesterday under the inspiration
~, current runlors OF an imminent
,...,- Of the cos. strike The de-
,orriod some bear selling as an IN
.,s.,. and the small rally at the close
...-.e.,tod the covering by this room
,rs.iing clement The closing itself was
After the opening selling. the
srkct became wholly professional in It's
anortions. and the total dealings for the
-. fajl vel below half million shares.
a.. fact Of its being the eve OF the Jew
DAY Of atonement was an incident fac
IN iba growing dGineSs of the mar
-. md tho disposition 10 close up con-
80 50 that the market fell into prac-
al staEnation late in the day. me IN
.anna IS warranted from this state OF
fairs that speculative operators nave
t+ia1 into d feeling of resignation 10
l waiting market pending the relief OF
l - money strngencS. or some tanslple
k;a,,elnpnlent indicating the prospect OF
Ss,tle-,ent II the Goa! strike. The re-
t,n+in1 to-day of conferences. and the
Using Of messengers back and forth
tro-7 ] T. Morsan's office TO that of the
.,ii-jcal leaders who Gre attempting
sssfrJernert and a personal conference be-
.,,on those leaders and number Of the
broad presidents. We're without ap-
-,tent effect in reawakening yesterdays
t,na that q settlement was at hand.
T-5rss continued tn droop throughout the
,atjc5 OF the conferences, and upon their
d5orrrment with the announcement that
ne situation remained unchanged. there
ots the onward movement of prices. due
"a the bear covering movement, above
+, CSI.L MONEY 6 PER CENT
= Inc rate for cali money ran off to 6 per
a. late in tie day. but this was after
~ principal requirements had BEEN net.
tsfora which the rate had run up 1Eaia
tai x per cent. Preliminary estimates
81 hope Of q favorable bank statement:
oFnE 10 the receipt during the week of
st,7ur s. orc 600 Of foreign gold. Notwitl7-
skading the prospect OF strong bank
Tat.rn the banks showed no signs OF
banging their policy OF ahstention from
Nending their loan accommodations IN
- stock market The banks evidently
casidsred it the part of wisdom TO con-
srve their resources to meet the interior
me bond market was dull and easy:
h'al sales. par value, Sl.Soe.G5o United
rAe sales of stocks to-day aggregated
arH shares
MONEY AND EXCHANGE.
lose Money on ,call firm at 34la per
rtat. closing offered at 4 per cent: prime
mercantile paper, per cent
Sterling exchange steady. with actual
business in bankers bills al s4S5dA.66 for
Demand. and at S4s2875 for sixty DAYS:
Tasted rates S4.S4 and S4.SI: commercial
iil's s: s@;s 0&4. 62@4
Par silver 5o-.. Mexican dollars, 4oi4.
Government bonds steady State bonds
Inactive Railroad bonds easier.
BANK CLEARINGS.
KEW YORK. October i0.-Total bank
clearnGs week ended October 9th. s2,52I,-
s3s. increase 23.5 per cent: outside of
Kew York, sS49, 61s.4 40: increase, l3i per