The times. [volume] (Richmond, Va.) 1890-1903, 1902-09-10
MARKET RULED FIRM
NTH GOOD ADVANCES
business Well in Excess of Mil
lion Shares Widely Distributed
SENTIMENT MIXED AT CLOSE
sxcep. for Good Crop Advices and Ar.
preaching Importation of Gold,
There Was Nothing to Account
for Strength-Bonds Strong.
Dy Associated Press,

NEW YORK. Sept. with business
we'll in excess Of one million shares. wide
generally firm with many marked adj
.vances, and closed with sentiment
rather mixed. Except for further good
crop adyices and word OF an approaching
importation of gold from Australia, there
vas little to account for the strength
fhown. on the other hand, the financial
outlook was again menacing, cnll loans
advancing to per cent. No little dissat-
1sfaction was shown at the status OF the
coal strike situation. In good part TO-
days prices were attributed 10 the many
pools. The market opened with gains III
The Southwestern stocks, particularly
those in the Gould system. and the
strength OF these issues, more especlaliE
,Missouri Pacific. which was the feature
in point of activity, was accompanied by
host of ruInors, none OF them author!ta-
tive. The street" ascIibed much OF Mis-
souri, Pacifics strength TO the opera IONS
of g. weel known pool and this Deliel
was heightened by the character OF the
buying. Later there was large ana pris SIS
operations in some old favorites such as
louisville and Nashville and southern
Railroad, and it vas these stocks that
manipulation was most manifest. Con-
current with the most in these issues was
the strength Of St. Louis Southwestern
and the so-called Denver class. but IN
these as well as In Southern PACING mani
pulation was At times almost tiagrant
As on the previous day and. in fact, for
come time past. commission houses re-
ported a dearth OF public interest. APP
Wabash issues and in Wheeling and Lake
Erie. which advanced sympatheticaliy.
Little interest appeared TO be excited by
the regular dividend announcements in
Western Union and Manhattan, trading
taking them as foregone conclusions. The
advances in Southern Railway met with
Tree selling for London account but at
etely OF Southern Pacific, which 1T also
sold when that stock moved up. The day
once more as q whole found LONDON 2.
sEll ar It1 1g1
shares We're comparatively inactive and
inclined 10 heavness, partly as result
Of an adverse legal decision, though both
issues held their own at the close In the
last hour stocks which had been previous
j. neglected such as Union Pacific. Atcht-
Hon. Southern Pacific. Baltimore and Ohio
advances. In addition there was another
heavy buying movement in the Wabash
and Southwestern group with a counter
movement in st. Paul and Missouri Paci
nc. which appeared TO be in the nature
OF profit-taking. New high records were
made by the last named stocks as we'll
end Lake Erie. Pacific Coast, St. Louis
Southwestern preferred Southern Pacific,
ST. Louis, Sheffield and General Electrical
preferred Rock Island issues We're a
feature both on the exchange and on the
curb operations in the fifst-named place
being stimulated by the strength OF the
new securities in the outside market.
Wabash debenture BIS continued to be
the feature of the bond market to-day
enormou spurchases advancing them
nearly points TO So No further light
was thrown on the recent extraordinary
trading in this issue. The general market
was also active and strong. Total sales.
par value, S5,635,ooO. United States
old As advanced y PEI. cent, the new As,
coupon. Z and the IS IS per cent. on the
last call.
The total sales of stocks for the day
were 1,12a700 shares
MONEY AND ENCHANGE-Mone on
call closed firm al 5GS per cent: closing
b35 per cent; prime mercantile paper, 5@
with actual business in bankers bills at
s4.S6.25 for demand and $4.S3.5o for sixty
DAYS bills: posted rates, SiS41Sd4.S5 and
50 o. Bar silrc1.- 5izA. Ai.a,-n.., .i-ll.,.--