Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-10-03
TIPS ON THE MARKET.

Court orders meeting of Chicago Fuel
end Iron stockholders December It'll
Morgan shipping combine announced
capital. sl2o, o0o.0oo and bonds. S50, ooo, COO
Conflicting anthracite interests confer
With President on Friday.
no probability OF contest of Secretary
Shaw's action
Rock Island insiders report deposits Of
told stock satisfa Glory.
7 Reported Manhattan earnings show gain
fof nearly S5.h59 per day.
{ New bull pool reported in Reading
! Renewal of competitive buying in Chi
scago Fuel and iron.
Stocks plentiful in loan crowd
Crop reports indicate corn grading slow
py.
Iron Age says that even without the
goal strike furnaces would be unable to
eIneet demand for pig iron.
Burlington for August, surplus after
Echargcs, increase. sS9,z3s.
1.-The general commission business in this
5saaarket is extremely light.
ESlt is the general impression that the
wing power emanates from the IIar-
:, s-Gates crowd, their brokers hav-
- been active buyers. notice
tNsly Chicago Fuel and Iron. Louis
'ssSlle and Nashville, and Norfolk and
'aSAestern. and it is thought other stocks
$50.
london has been moderate seller on
me advance. Room traders encouraged
TO play long side of market in the alb,
sence of selling pressure from commits
sion houses. There is a noticeable alb
sence of business in many stocks.
IT is thought in the room that the
Gates crowd is responsible Tor the ad-
vance in fuel.
1t is said on what is said to be good
authority that Snuff, common, which has
not so far paid any dividends. will soon
be put on a 10 per cent. basis. Not only
Will this, in all probability, be done. but
Il is animated that the dividend action
will be made retroactive so as to cover
the first year of the company's earn
!nes.
Coal strike will soon end.
4 plan 10 increase wages 10 per cent.
Go miners will quickly break the back
bone OF the coal famine.
The shorts in the anthracite stocks is
large.
Keep long Of the soft coalers.
Time money is still scarce at rate of 6
per cent. for sixty days. and six months.
Millions will be required for crop moving
purposes. so do not load up with more
stocks than you can conveniently carry.
The stock market is likely to be some
what narrow and irregular to-day, with
probably specially advances.
The banks have given evidence OF their
determination 10 curb the pool operations
on the upturn.
The Bank of England has advanced
The discount rate TO 4 per cent. This
has the effect Of operating gold exports
10 the United States by making money
dearer. This may cause a slight deprcs-
sion here
Best advices say purchase the STANDARD
stocks on reactions.
Speciality movements in Erie, Southern
PacGc. Union Pacific. Manhattan. Ioeo
pies Gas. United States Steels, ar Penn
sy!rania. are not unlikely in view of m
formation we get.
Bullish tips are out on Atchison issues,
Western Union. Wabash preferred and
ssanadian Pacific.
WAsHINGTON.-The Advisory Con-
ii'tee, consisting of United States Treas
a'ei Roberts. Controller of the Currency
h'oeely. and Assistant Secretary Allie,
tpEointed by the Secretary to pass upon
lAc State and municipal bonds offered for
security in lieu of government bonds.
helo meeting to-day and decided to
sake as their general standard tina. Of
tse New York savings banks. !.