The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1902-10-03

New York. October There were
traces of fev-rishness in the stock mar
ket today and constant variations In the
course OF prices all day. but the tone
became quieter as the day progressed
and Affairs OF IN market showed q ten
Gency to settle down to a normal condi-
ton. after the excitement Of the pre-
vious two avs.
The rush on the part Of those long
on stock to take profits In the opening
dealings, this morning. WAS entirely
natural. considering the buoyant up-
rush OF prices at the closing asst night,
and considering also h denials on the
part Of the officials amongst the coal
operators, that there was n basis
for yesterdays rumors OF q settlement
These rumors continued to play a part
in the market and the principal strength
OF the day was shown by he coal
stocks. the buying of Reading apparent
ly coming from inside sources.
The same powerful interest vas credf-
ted with the support OF other stocks.
notably United states Steel and South
ern railway and the sentimental eject
OF this buying was a potent factor In
raliying h market from ats opening
depression. The only actual news that
became public before the close OF the
market concerning the strike situation.
was h invitation by President Roose-
Welt for a meeting with him OF h rep
resentatives OF the mine operators n
the miners. The sympathetic effect Of
the buying of Reading, Southern Rail-
way and United States Steel was man
ifest among the coalers generally. both
anthracite and bitumenous and among
several OF the independent steel eofnpa-
MES, but the buying was not pursued
TO a notably higher level and there We're
lnrzsas VT a nnftnr- fhrnfs@h0nf rne dAN.
In the final hour. the money rate ran
up TO the highest point OF the day and
induced considerable selling, making
the closing easy and moderately &C
tive.
Outside the stocks which made a
show OF strength during the day. final
prices We're at or near the lowest IN
many cases. Louisville lost an extreme
3 points and closed within a point OF
that and St. Paul's loss amounts TO :
points. The effect was manifest or The
forces OF relief OF the money market
and money was easier throughout the
day though pretty stiff at times n
disbursement OF the October first pay
ments of dividends and interest. served
to release some resources that were
temporarily tied up n the payment
of government interest due after Octo-
Der 1st. was begun at the s~ub-treasury.
The banks were also in the market
10 some extent, as ittotES aS a JESUIT
of the release OF that portion Of their
cash reserves held against government
deposits. There was nothing In h ma
ture OF forced liquidation therefore. but
there was a manifest i~ndisposition to
replace at onc cans liquidated on
Monday, which had figured in marginal
accounts in the stock market.
The realizing was very general. in
fact, thai a crisis had been averted on
Monday that was more dangerous than
was appreciated at the time. The
clustering effect OF this effect was seen
in the more sober character of the deal
ings in stocks. The bond market was
quiet and steady.
Total sales, part value, We're s.. 90s. 900.
United States old As coupon advanced
&c on the last call. Total sales OF
stocks today were 976, 900 shares, includ-
ing: Atchison 44,900, do preferred g.
100; Baltimore and Ohio AZ. 100: Cana.
dian Pacific 9,400; Chesapeake and ON
$500; Erie 81. 800: Illinois Central 5.2oe.
Louisville and Nashville g. 600; Man
haitian s., 200; Missouri Pacific 20, 200;
New York Central 400; Norfolk and
Western rs, 100: Ohio and Western H.
100; Pennsylvania Sc, 200; Reading 231.-
500; st. Paul 23.40o: Southern Pacific
80, 400; Southern Railway 3 $500: Texas
Pacific 81, 900: Union Pacific A. 100: c. F.
I. $500: Hooking Valley 10,s00: United
States Leather 1000; United States
Steel IL, 500; do preferred L., 06o.