The times. [volume] (Richmond, Va.) 1890-1903, 1902-11-12
STOCK MARKET CO ss,P.

London came higher yesterday and there
was more cheerful tone When our mar
ket opened Prices We're generally higher
than al the close on Monday but there
was much stock for sale and prices soon
began to drop.
Towards midday the ma riSet became
Very duh and remained SO until some
where between and 2 o'clock. when a
drive WAS made at Afmalgarlated Copper,
causing break OF nearly five POINTS.
This was the signal for another bear
rad and prices crnmhled.
Norfolk snd Western after selling at
111a broke to 6s1h: Chesapeake and Ohio
after selling at 46I4 broke to 4sia; Louis
VILE and Nashville after selling at l3l
lltofe to le7la..s Baltimore and Ohio sold
down to par: the Pacific stocks were also
weak. and there was nothing to stand the
pressure There was no support and the
market closed practically at the lowest
During the selling movemen, there was
rumor that the United States Realty
COMPANY had failed but the rnmor was
+ not confirmed This rnnor, so It was said
on the Richtnond market had much to do
with the break.
# Otherwise the news was good, what
there was of i, although foreign ex-
y change MAS a shade his,her5s
From now on until February the road
ought to 5havesthe largest tra'fic by far
In lts history saws an Atch!snn official
.a..l never saw a time when there was 50
much general traffic offering as now. The
West seems to be buying everything from
e.naedle to an anchor. a $ the saving goes.
Illinois Central gross earnings inc~es sed
s2z5G1l for October and the net increase
was So. $50
For the .irst fine since money began to
70 West New York exchange in CHICAGO
is quoted al a premium indicating a re-
turn Of money from the interior
Southern Pacific rerort shows road earn
fas equal to ;1er cent on stock. Cotton
OH report shows per cent. for common
Government 6nal crop renort estimates
corn crop at aa.5se.fNfl. 900. Nearly all Chsca-
10 roads settled labor difficulties on basis
Of concessions TO their men
Canadian Pacific ear-3tngS9 first week IN
November increased s63 fN: Wabasi, earn.
lpgs for first week L, November increased
sl7M5
EDWARD Sweet & Co in their review OF
the ,narfef saw.
.s,.adualls5 the market began to svmpa.
ilfize with weakness in Corner. and dur
ine the last hour the selling became most
urgent causing serious losses throughout
the list One disturbing feature WAS thc
weakness of stirh standard stocks as 81
Paul end Northwest former selling dow
latter went as low as 2lS There was nc
definite news TO account for the seline
but the street. is gradually being convinced
e tliat some interests who have been heavy
bnHers of stocks in the earlier rait %
the year ard who have been Interested
InNarions sp.ndtrates and promo IONS have
found that N order to nrotatt their under
WRITINGS which arc ,arscticailv unsaia liable
and which csntfot he used as collateral
that II was absolutely necessary for thew
TO nut nnen the na'lfet the stocks 10.
which pnrchaSers cosla he found How
far this forces iinniatier will extend 1T is 3
or course t,nnosS lie n say b,t nnti4 ri,
liabilities of the interests referred TO a,.s
n,aterial'r reduced and untsl stocks ,,aves
hapn Ioaraf 10 a much aa,en arte,f th,.
at present in s;,aonr hands ,t%is idls IL
Hook for any marked recovery In the mar
Eet''