Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-09-04
nay OK THE MARKET
,n,,t WAS AGAIN A FEATURE
OF BUSINESS
n & VI. AND C. & 0. ADVANCED.
Mr. ronmissioncr Wrisht's Re-
mort. consrary To Executions Had
,4,,Ic Erect-Infury TO The Presi-
scnt Caused Slight Flurry.
I4t;Ie Effect
dent Caused Slight Fis

..ry YORK. September s.-The course
- ,he stock market to-day was in marked
.,o+ras; 10 that OF yesterday, in that 1t
.,.,s governed largely by distinct tntiu-
,es although Reading and some OF the
,-be- coaIcrs were we'll to the fore
,,,,,irc with a renewal of the previous
avs buiiish enthusiasm, the list was
threatened with what appeared TO be a
sci back on carly reports of the Presi-
ANTS accident. Ruuiors moro or less
-,,4jrttnr were received, but the list
underwent no particular change. but for
.jme there was a marked decrease of
o,srations Later. however, The early
sctiy7ty was resumed and the day as a
gbols vas the largest in volume of the
present season.
The last hour on exchange witnessed an
extraordinary squirt in Pennsylvania, that
stackse!ling UP 10 !ss, a net advance of
points on transactions involving over
la9r0 shares The advance was accom-
PANIED by rumors creditinE The road with
control Of the Reading.
another reason was the reported good
showing made, in the companys reports
Tor The FIRST seven months of the year.
Net earnings on tho lines operated by tho
Pennsylvania for the period named show
cd an increase Of over s2.500,0o0. while the
conpanys lines west of Pittsburg and
Erie showed an increase of more than
81 $40 011. Interest continued to center
largely In Reading. and the market OPEN
ed with a material advance on heavy
transactions. The gain was almost en-
-,,.iT,n .Sfa
incident became known. Subsequently.
however, the stock more than recovered
this loss. registering a gain fcr the day
af more than q point on transactions ag-
gregating over 2S5,0o0 shares.
II the soft coal group Norfolk and
Western was the feature. scoring a sub
stnntial gain on fairly heavy trading.
c. c. and St. Louis. on very ...sght trans
actions. made a net gain Of over points.
and Chesapeake and Ohio also CLOSED at
material advances.
Labor Commissioner Wrights report on
the strike situation excited little COM
nsnt. In many quarters the report was
regarded as distinctly favorable 10 the
miners
The trading In Reading had every in
dication OF competitive buying and re-
ports OF A triangular contest involving
Pennsylvania, Morgan. and Gould in this
were p%tN6isEl, pennsylvania sharp
advance toward the close already referred
10 gave color 10 these rumors. but nothing
tangible came from any authoritative
quarter. In connection with the Reading
common. new high records were made by
Atchison, Pennsylvania, ST. Paul, Balti-
more and Ohio. Norfolk and Western De-
truit Southern preferred, North American.
Wheeling and Louisville, Soss Sheffield
Steel Southern Pacific> and several less
conspicuous stocks.
The bond market continued very active
and showed some changes on profit TAX
iug Total sales, par value, s4,lS5,oo0.
United States bon6s were all unchanged
on the last call.
Total sales of stocks to-day were
:, As, 600 shares.
Money on call firm at 1895 per cent;
closed. bid and asked, 5GSl2; prime ner-
camille paper. 5Q5t2 per cent; sterling
exchange steady. with actual business in
bankers bills at A.S61s4.S6.75 for demand
and al S4S7laQSiSS: commercial bills, SASS
Bar silver. 50. Mexican dollars, Al.
Government bonds steady. State bonds
inactive. Railway bonds irregular.