The times. [volume] (Richmond, Va.) 1890-1903, 1902-10-15
MARKET PRICES
SHARPLY ADVANCE D
Coal Strike Ceve 'opmefts Cheer.
Wall Street Yesterday.
RELAPSE FOLLOWED BY RALLY
Monetary Situation for a lime Lost Sight
Ofin Upward Movement Caused by
Coal Strike SETH en- .ent-cail
MONEY at I've W per cent.
RELAPSE FOLLOWED BY Rally
MONEY at I've W per cent
tBy Associated press.)

FEW yOhh, Oct. 1.-The overnight
developments in the coal strike situa tlon
aroused a cheerful sentiment IN al
Street io-oay, and at the Opening It was
expected taat the matters at issue were
In a tar way OF adjustment. Inc none
tary SITUATION was mu.nentaruy iost
Eil.nt OF IN the Optimistic feeling that
prevailed at the opening. and STOCKS We're
eagerly bought al advances OF nom aga
poiats over yesterdays ilnal prices.
Recent specu.aace favolites. in which
the pool liQaioaLon had been heavlest,
were most in demand. especially Inc
coaiers and transcont!neiai stocks. IN IN
diSloual orders Tor blocks OF from i,VVO
10 $3.50 saares were taken at advancing
prices, and trading was In enormous yoi-.
usne throughout. The r&noiness VIII
which prices Responded TO the sood news,
combined with the appearance o. i|oilu 1'..i
as q heavy buyer, encouraged Inc buii
interest TO renewed Efforts IN driving tns
short interests to cover. The inquiry EN-
bfaced all classes Of stocks. Dull Inc
hignest-priced class. Some comment
Some comment was aroused over the iact
that the active coaiers did not advance
proportionately more than other STOCKS
Ter than at other points
Early prices showed such handsome
profit to the traders VINO bought early
yesterday in the semi-demoralized mar
ket that they commenced TO unload
quickly. Commission houses were well
represented in the early demand. but the
volume IGallLjllS safes SOOA SAlidQoLtA
their orders and prices apsed all
around. Before noon the opening SUBJ
stantiai advances had been pretty gen
orally reduced to fraction, and even
cancelled In some important stocks. The
downward movement OF prices was ac-
colera tied by q II per cent. call money
rate which recalled to mind the fact that
the monetary situat ton had to be reck-
market
Dealings then subsidized into merely
nominal proportions for a long time. bu1
there was a steadily Increasing under
current OF strength which cuimirated In
a violent buying movement again IN the
closing hour. which carried the entire
Prominent leaders, such as st. Paul.
the Pacific. Reading, Pennsylvania. Atch,-
son. Sugar and Amalgamated Copper were
bought heavily. and there was large
absorption of various minor stocks. The
rally in prices was stimulated by break
in moIcy rates from II per cent, the
highest in the forenoon, to 5 per cent
The action or the coal operators IN agree
ing to submit the questions at issue with
the miners to a board OF arbitration, TO
be named by President Roosevelt. was
news bearing on the subject vac absorbed
with the kcenest interest. London pur-
chases OF stocks were considerable, and
this combined with more liberal offerings
q commercial bills. caused q rather sharl,
decline in sterling exchange rates In
the final dealings the stock market com
menced 10 feel the weight of the traders
prpat-talsing' sales. but the demand was
sufficiently large 10 prevent much impress
sion on prices. and tho closing was gen
orally firm. -H--tt-e-s
The bond market to-day was strength.
ened with the course Of stocks and was
fairly active. Total sales. par value.
$500 900. United States new as declined
81 rer cent on the last call
The total sales of stocks for the day
were SCI. 200 shares.
MONEY AND ExcHANGE-Money on
call firm at Sd12 per cent: closing BID
and asked. 5d7 per cent: prime mercan-
tile paper. 6 per cent Sterling exchange
weak with actral business IN bankers
bills at s4S5. so for demand and at a.s2 sea-
as 6e5 for sixty days bills. posted rstes
50 s31R and 81. sS1k: commercial bills 81 81 Is
G4.s22s. Bar silver. SOL; Mexican dollars.
suI Government bonds easier: State
bonds inactive: railroad bonds frn