The times. [volume] (Richmond, Va.) 1890-1903, 1902-09-05
IRREGULAR TONE
OF STOCK MARKET
Some Weakness in Prominent
Stock Quotations.
GAIN IN VA.-CAR. CHEMICAL
Good Buying Reported from London
Movernentin Pennsylvania and Read
ing-Much of the Selling
Was Good"
(By Associated Press.)

NEW YORK, Sept. PARITY as re-
suit OF the furry in the call money, which
loaned as high per cent, and for other
potent reasons, the stocks market To-Day
developed a distinctly irregular tone. Be-
fore the close of the morning session
more or less weakness was shown in a
number Of the speculative issues, namely,
Heading, Pennsylvania. Now York Cen
trail. Union Pacific and Southern Railway
These and other less prominent stocks
1ell 10 a level generally lower than yes
terday's closing prices. Much Of the SELF
ing was of character technically known
as good" and IL conservative quarters
The opinion prevailed that the pace OF the
early week had been TOO fast. Trading IN
the forenoon was again very heavy, pul
the day as q whole was less active and
moro circumscribed in distribution OF bus
mess.
In the face Of these adverse conditions
now high records were made IN baltimore
and Ohio, Pennsylvania. Wabash com
mon and preferred, Wheeling, Lake Erie
Pacing Coast National Eai Toi,1,t OF M a5d
st. Louis. Cast lyon Pipe and FOUNDRY
issues and Sloss-Sherield Steel common
and preferred. The feature Of the opening
was the strength snd activity Of United
States Steel common. Purchases OF the
stock were on large scale. and resulted
IN g substantial advance put the 1aii T IN
move In Steel common was presumably
based on Its strength In London. rom IRON
which center good buying was reported
"a.
traded in about 1900 shares, chiefly
Steel common but sold on balance. The
early decline in Pennsylvania was follow
ed by q reactionary movement in the
stocks OF most of the Southwestern roads.
There was no news concerning Reading
and the common stock, on dealings much
below those Of the previous two Gays.
closed with a decline of 2H points. Opin-
ions differ as 10 the ultimate fate of that
property. but the knowing ones declare
that it's future rests with Pennsylvania,
who, Il is said. viii turn it over to the
Baltimore aud Ohio line. Shares of the
latter road particularly the common, We're
active and strong at the outset, but closed
with q net loss.
smart advance in Wabash was attri-
butei to manipulation by q leading opera
tor The early afternoon saw sharp gains
in Peoples Gas, Manhattan. Nirginia-Car-
DINA Chemical Cotton Oil and some of
the more obscure issues. The advance
the short interest in that stock. Selling
orders in the last hour caused recessions
throughout the general list. and the clos
ing. while active was weak. In the
Standard railway group marked weakness
was shown by Norfolk and Western.
Louisville and Nashville Illinois Cenrrai
and Union Pacific. in addition to those al
ready named.
Call money opened at So per cent. and
placed at the top figure the bulk of the
loans. being made at from 6d7 per cent.
Railroad bonds continue very hctiNe and
irregular. Total sales. par value, 81. 935, 600.
United States old and new As. registered
advanced 81 per cent. on the last call.
The total sales OF stocks for the day
were l129,6t9 shares.