Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-09-09
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mon. was bought by E. and c. Ran
dolph to the extent Of 5000 shares Inc
rise is caused by competitive buying
Copper figures. showing a surplus in
the country of only $1,000 tons, are con-
tirmed by government officials, and should
induce buying in Amalgamated Copper.
The conditions of the banks at this time
is such that makes one feel money is not
to be plentiful. Money is being watched
with interest and will undoubtedly rule
the stock market
It was said the Morgan interests was
encouraging active speculation in the in
dustrial issues especially the independent
steel stocks. with a view to wider mark
ct in United States steel.
On any reaction Baltimore and Ohio.
Chesapeake and Ohio. PENNSYLVANIA, Nor
folk and Western, Wabashes. United
States Steels. Peoples Gas. and Western
Union are said to be purchases.
The stock market yesterday demon
strated the fact that there is strong sup
port back of it. or that there is more IN
telligent understanding Of the general
financial situation than is commonly cred
tied to Wall street spectators.
1t is practically certain the December
dividend on Cotton Oil common stock will
be ut higher rate than ir. 1901. AS to how
much the increase may be there is moth
ing official information, but what might
be good opinion, seems to indicate that 1t
will probably be per cent
The strength In ST. Paul & Missouri
Pacific was ascribed to purchases by the
Standard Oil interests. It was said that
the members of the bull pool in the latter
had bought their stock back when they
found that the big interest was buying:
Rumors were, of course, revived OF deal
between the two roads.
report was current in fairlywell in
formed circles that the smaller anthracite
foal operators were weakening, and that
the meeting with President Baer was to
arrange some basis Of agreement with
the miners. The room did not appear to
care which way the strike was settled, so
long as it was settled and bought the
hard coal stocks.
Feature of day in stocks was the activ-
ity of the Standard Oil brokers and pools
interested in shares identified with Rookie.
Teller There is steady growing belief
that Gould and Rockefellers ars allying
themselves more closely to each other,
and that important developments in con-
nection with their railroad properties will
occur in the next few months
Western railroads are at present look
ing sharply to their car supply, and many
DDS TO forestall any chance of their being
caught unawares when tie big crop
movement is upon them. Speaking of this,
n St Paul official is quoted as having said.
1--WE have perhaps, in the neighborhood
Of 500 idle cars at the present time, but
such is not nnusua: at this time of the
year. From now on there W:ll be steady
increase in the grain movement, and
we have simply prepared to meet it The
eoIj1,r., TINS held is not much in ex-
cess of that which has been purchased
during the last twelve months, SO it may
be said that fully as many cars are
now being actively employed by the road
as there was al this time year ago.
Our westbound tonnage keeps on a
very satisfactory basis, and prospects of
it's stability could not be more gratifying.
Everywhere there is hustle and hustle
of business, and we can plainly see ahead
of Us more business than the road is cap
able OF handling promptly, notwithstand-s
ing large additions to equipment and an
improved physical condition all around -
a somewhat curious feature of the stu
alton was the indifference with which the
the poor showing Of tEe banks on Satur
day was received. London, which recently
has paid considerable attention to our
bank statements. presented steady front
in The main for our stocks, the declines,
where they took place. being very slight
One of the most important of the spe-
cial factors was a confirmation of the
previous report of an alliance between
the ST. Paul and Missouri Pacific, which
assumes the shape of a traffic agreement.
and is calculated to benefit both parties.
Speculative Wall street apparently took
the ground that the coal strike would be
a thing of the past by the middle Of Sep
TENDER.