Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-11-26
Sen INTENT MIXED.
IRREGULAR COURSE or STOCKS
REFLECTS CONFLICTING REPORTS.
TRADING PROFESSIONAL.
.n+.,d,r, holding or in View of
Further Advance of Foreign Ely
change. and the Reported Con-
n,ct Between Large Rni1rond In
fcrests.

NEW YORK. November 2a'-Seht''he'''
IA. rather mixed to-day, the irregular
.ourse of the market rejecting the many
conflicting reports industriously circuiat-
~ Trading, while not especially light
ass chiefly professional. OUTSIDERS hoio-
hs off in view OF the further advance Oh
ioreign exchange. and the reported con-
sict between certain large railroad inter
,sts. Many traders showed oisposiuoh
n keen out of the market. penang tne
publication OF President RooseVelts an
aual message. IN which important recon-
u1epda tons regarding trust and tarin
eei.Ia ton are looked for. Foreign e&-
change advanced to the highest point SeS
.eached IN the present upward movement
Demand bills sold up TO s4.Sl.fo. The
mice coon declined ten points. however
Il which level most of the days business
WAS done Much Of the demand was que
10 arrangements to meet Obligations ma
,1,-,,p in connection with the London
settlement or Thursday. as well as some
syndicate payments which fali due ABROAD
his week While gold exports are no"
within easy range of negotiation, ehorts
are being made to. forestall 8 move, pro-
Yided the offerings of finance bills Will
t,iTicfently depress the rate to make pa
ner rcmittances the cheapest medium Oh
exchange. The struggle Cor control OF
Colorado Fuel and Iron i. a puzzle 70
most veterans of the financial district,
hut it is not believed that the apparent
differences between the contending part
". will involve the various railroad pro-
oerties in which they are interested.
Nevertheless. heaviness was shown du-
ring the day by Missouri Pacific ana
Union Pacific as well as by other Gould
ana Hartman stocks.
MANHATTAN MOST IRREGULAR.
Rumor was again busy with Manhattan
md that stock was most irregular, open
m. with fractional decline. advancing
pver 3 per cent. then selling on over d
Der cent. then up over 4 points, to 1872,
and closing with net gain Of less than
point. on heavy trading. There were re-
ports that deal had been closed, but
no verification was obtainable. Declines
we're general at the opening New YORK
Central, ST. Paul, Union Pacific, Reading.
sugar. and other active issues selling off
more or less extensively. The movement
IN Manhattan soon brought a better tone,
with moderate rallies in the standard
issues Colorado Fuel was in early de-
mand at better price, and the later
course of that stock was little short OF
sensational with an advance OF over u
per cent. and net gain of 2 points "A
sharp selling movement followed the nrst
"eaIlv. with declines of a point or more i'll
nearly all of the leading issues Man
aattan's erratic course continued. ana
he other tracUons were heavy. as We're
also Sugar and Analgamated Copper.
Premature reports concerning the coal
strike settlement exerted brief favor
thlc influence. but some uneasiness was
shown at this time. on the sale OF a block
bf 5000 shares of Union Pacific preferred
BIZ GoulE brokers. There was consider
tble liquidation, chiefly in the stocks with
which Colorado Fuel interests are identi-
led Heavy purchases of Reading around
Il attracted attention, but that stock was
among the principal sufferers IN the sell
ng movement at the close, with import
ant losses in New York Central. Baiti-
more and ONO, St. Paul, missouri Paci-
sc. and Union Pacific.
CLOSE STEADY.
There were unimportant recoveries. and
the tone of the market at the close was
steady.
Bonds showed heaviness. in sympathy
with stocks. and Wabash debenture B's
develoIeed exceptional weakness. Total
.aIes.. par value. 1855. 600. United States
rs coupon advanced is per cent, on
The last call
The total sales of stocks to-day were
lse,700 shares.
MONEY AND EXCHANGE.
Close: Money on cali firm al 4@5 per
tent. closing at 4941t; time money
steady: sixty days per cent; ninety
Says s per cent. six months, 81 pei
sent: prime mercantile paper, 51s9e per
cent.
Sterling exchange firm. with actual
business in bankers bills at Si.aI.25 for de-
msnd. and at s4S3.6o for sixty days;
eosted rates. s4.S4Qs4.s41a and si.Ss: COM
nercial bills. s4.S275@s4.SS25
Bar silver. II rs. Mexican dollars. 371s,
Government bonds steady. State bonds
heak Railroad bonds weak