Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-10-28
VAS DULL AND WEAK
,,nryc LIGHT AND PROFESSION
,,1,:MENT STILL IN CONTROL.
Decline OF MONEY RATE.
"a Fxrors~ Norc Remote Than
,,,cr-Tcn Points Decline in
proo',l," 'n'"" ""s-iss"'s Sell
,.. Of Norfolk aud Western.

,-s1y l0El. octohc: 25.--The course Of
s-,s sock market gave little promise
~, change from last weeks dull and
NV conditions. Trading was very
r and the professional element was
-. IN control. Representatives of fresh
.,- ,-aabiVs among the railroads run
r.o chicago were heard. Traders
1,r5. na encouragement from London.
.--~ Quotations FOR the international
Es vcrc fractionally lower. Colorado
sHa lrou was the most active feature
An, casafng advancing over 3 per cent,
~,s5gr!;o}y heavy transactions. but
,s.c laffv half its advantage before the
- baltimore and Ohio also was cx-
$50 Ii traded in. al an opening decline
~ I.zl savanna sold up per cent at the
as, ad only Offering OF the day
LOSSES SHOWN.
q, the end of the first hour; The weak
- IL The list became more marked.
.lra WIKI no direct evidence Of pres
.g~s-ta sell Losses OF a point or more
- ssr SHOWN by Atcllison. New York
r.,,-si. Pennsylvania. Baltimore and
Sea Rcading. Erie. Louisville and Nash
,ns Chesapeake and Ohio. Norfolk and
V4e.gra Texas and Pacific Missouri Pa
81 Louis Southwestern preferred,
w+hesr. Minneapolis. St. Paul. and Sault
3 Marie. Toledo. St Louis and Western,
Ian, dian Pacific. Sugar. .Amalgamated
s5~aor and Hide and Leather preferred.
WIN scarcely an exception, the heaviness
n these issues continued throughout the
dr. ana in some instances became more
Trade was limited to few feeble
rs.ios bur these were limited 10 fractions
sr5 fHa carly afternoon brought return
n general weakness. The only noteworthy
.s.rsra was the decline in The rate for
commercial paper. which was last week
rrss.raily unatrainaple at less than the
s1sr rate. hut to-day fell to 514Go2i. This
-z.a was secured 10y. borrowers of first
gafs commercial credit. and was generally
accepted 10y the interior banks. which pre-
fer to loan money on mercantile paper.
BsnEue experts regarded this case as
eso5aiaIly significant in showing the
downward tendency III money conditions.
4 sight advance was shown in sterling
exchange. and II is believed there was a
5sags accumulation of actual bills over
sunday
NARsow AND CONTRACTED
In spit Of this increasing tirmness, gold
e 0.ts are Tcgal dcd az rlCre remote than
rg- The final hour found the list even
n5ra narrow, Hith-a further conuac tion
q. business. One OF the special features
vas 10 point decline in Brooklyn Union
Gas and other high-priccd stocks were
u 10 points. The closing was weak.
Furthcr gross and net traffic returns,
some of them quite favorable. were report
Cd b. Louisville and Nashville, Southern
railway Mexican Central. Cleveland Gin
7GU&u Chicago and ST. Louis. Georgia
ratraI and Hooking Valley. IN the way
gossip it was semi officially learned that
,Lat there would be an carly increase in
q Louisville and Nashville dividend rate.
/. ANY selling Of Norfolk and Western was
.libed to the belief that The coming
irdend announcement concerning the
a-mon stock would PROVE disappointing.
The active bond issues We're weak all
round on small dealings. Total sales.
r value, $l.695.000. United States bonds
zee all unchanged on last call.
mb- total sales of stocks to-day were
Il goa shares.
MONEY AND EXCHANGE.
Money on call steady at SIGH; closing
4 and asked 1854 Prime mercantile
aper per cent
sterling exchange steady with actual
ssiness in bankers bills at 4.S6.h25 for de-
nanG and at 4S3 % for sixty days posted
4les isi and ISL; commercial bills
S393 Sc
bar silver. SOS: Mexican dollars, S9a4.
Government bonds. Steady; State bonds
ssStlvet Railroad bonds. weak.