The times. [volume] (Richmond, Va.) 1890-1903, 1902-10-21
STOCK MARKET
VAS IRREGULAR
outcome Of Miners Convention
Exarts Influence.
RISE In FOREIGN EXCHANGE.
Threatened Action of Southern Courts
Against Latest Railway Combination.
some Material Cams at Outset.
Money Market Very Easy.
RISE In FOREIGN EXCHANGE
lnv Assoclntcd Press,

NEW YORK; Oct. 2o-Irreg ;larlyi.
ma. ~,4d the course OF to.da1sS stock mar
fel lhe controlling Influences We're the
uncertainty OF the outcome OF the miners
convct.ion. the rise intorezsn exchange
a:ld IL. threatened action OF the Soutn-
..,rn courts against the latest railway COM
binatiotI. There were some material gains
at the outset. hoWeve: especially in 81
Paul. Baltimore and Ohio. Pennsylvania,
Missouri Pacific aud Wisconsin Genital.
on the other hand. such active lsuses as
Reading. Lackay'anra and 4a.chiscn were
lower.
The strength OF ST. Paul was probably
of rights. The first reactionary move move,
nIent was checked by the increased
strength of Baltimore and ohio. as q, wei
including Illinois Central. AT the same
time Union Pacific, which had been fair ar.
~ steady sold off, and St Paul also io =.
a point from its best figure. Alliances II;
The issues Of Minnesota. 81 Paul aid
Sault Ste Marie. Toledo. st. Louis ana
Netse9n preferred. Kansas CITY ana
Southern and Canadian Pacific We're
:asribed to the various pools interested in
those stocks. Practically the same lnlili-
ences were at work in other quarters,
Copper resulted partiyfrom London's ad-a
vance in The price Of that metal, ne
Tinted States Steel snales we're 4liih anu anu
III fair demand.
Trading in TIE fractions was very mod
crate. Chicago bought heavily OF the
pool stocks through some OF the ieadlnt;
Cleveland orders for the same class Of
stocks were numerous. In fact, the bulk
or the days business, which was COM
I,aratively small came from out OF town
The hard coal stocks. while not display
ing pronounced pressure showed little
support and the soft coalers. which were
prominent In the early operations. closed
with little or no improvement.
Money! was decidedly easy. opening at
6 per cent, advancing II point and then
loaning az low as per cent. Most OF the
days loans were at per cent. The Gown
ward trend Of the list was more marked
during the afternoon session. and pra cti-
cally all of the afternoon. gains were lost
were mainly IN the miscellaneous group
1sondan Was seller all day, aggreEaung
sales amounting TO about 1900 shares
There were made cfieti>in the early rise
and Included the soft coalers. Atchison
and Southern Pacific. Local monetary
conditions fairly satisfactory:
The bond market was quiet and irreg-
ula, to-day in sympathy with the uneven
stock speculation. Total sales, par value,
s2.6s5 GDl. United States bonds We're all
unchanged on the last call.
The total sales of stocks for the day
were 612 TOO shares.
MONEY AND ENCIIA,St7 F-Noney on
call steady at 4Gf6 per cent; last loan at
per cent: prime mercantile paper, q 1.er
cent. Sterling exchange strong at ss-S6l2,
for demand and al 81 So. l25 Tor sixty df:Sts
bills. 5,oftea rates SaS4 and 1887, COM
rnercial bills s4S2 25t9i STA. Bar silver
rnSs. Mexican dollars, 90. Government
bonds steady: State bonds inactive; rail-
road bords irregular.