Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-10-10
STOCKS IRR- GUAR.
now, or EARLY STRENGTH AGAIN.
FOLLOWED By DIZZINESS.
rblK or STRIKE SETTLEMENT.
,,t. Gives Rf.c TO Husine, Which
shows some Urgency in the Case
Of coalcrs-Fa~orahIc Outlook for
easier Money
easier Money.

NV YORK. October a-To-6ay s
.,otg market was much the same as that
40 yesterday The volume of dealings
-ss 5bou, the same, and a general show
:, .srlv strength gave way TO an In
t.,seIv ,iali and llesitating market In the
of.s-nnnn. as II did yesterday The
.iosfns was very irregular. With few OF
tho eadiuE stocks at top prices, and
o,bcrs 81 bottom prices. and uncertain
earring between those levels Tor the ma
iorfv Of the list. The favorable outlook
rr easier money. and the. strong cur
RET saief that the coal strike was on
he eve Of settlement. were the motives
n Inc buying. which showed some
urrfncy. in the case Of some OF the Coal
ers The obvious fact that earnest con-
sutauanF were going on. and every
effort beng made to bring powerful in
6.knre 10 bear 10 effect a settlement of
tue strike, gave color TO the belief. and
dave rise TO countless\ rumors. none of
winch could be authenticated The IA
yerte story this morning was that J. p.
Morgan had asserted his authority in
favor ri a compromise with the strikers.
aGi that President Baer. OF the Reading.
Rad thercupon resigned Reports We're
current that large orders which had been
placed abroad tor coal were being can
tfjei by cable On account of the i'm.
muerCe nj the resumption of mining.
UlbeaI disclaimers or many of the
TurCIs were put out III the course of the
68v and prices declined in consequence
Stocks Of gas companies shared most
notably IN ti'a strength OF the coal
stocks owing 10 the relief the coal strike
seTtIem.nt would lord to the scarcity
III material Tor IN, 1nufacture of gas.
However, gains OF points We're
u 81 VI
Il ;ha period Of the h.s..4eaI prices
IT, appears that the banks have gained
sold 70 The extent Of about s5.0aO.obo,
10 Offset the shipments TO the interior.
It was the knowledge of this condition
that caused the hopes of easier money
Bpt while no liquidation was forced by
tho calling OF loans. the banks still re-
Trained from extending loans on the
Stick Exchange. Late in the day, call
l9ans amounted again to Is per cent
Rates for time loans for thirty days to
So months are still held in the neigh
borhood Of S 20 9 per cent. for the vari-
that money Will continue scarce vel!
into the coming year.
Sterling exchange steadied again to-
day Thu New York exchange at Chi
cseo dropped to 500 cents discount,
compared with 10 per cent. discount YES
tsrdaF. thus indicating pretty clearly
the direction which Will be taken by the
first money that can be spared by the
Now York banks. Inc stimulating in
AgEnce Of the hope Of easier money was
also counteracted In this way. helping to
the irregular tone OF the late market
Bonds became irregular. in sympathy
With stocks Total sales par value
Se.Ia"p. United States bonds were all
unchanged on the last call
Tfs total sales Of stocks today were
- oh1 shares
MONEY AND EXCHANGE.
Money on call at 9d15 per cent: clos
Ing offered ut Is per cent: prime mer-
Csrtile paper. 6 per cent.
S'ling exchange steady. with actual
Business In bankers bills ct sS5s75d
s Sc for demand. and at sac s756s4S3 for
sixty days posted rates. s4.S and S4.S76
s. So commercial bills. S4.S2GES4. S2i5
Ear silver, SOS. Mexican dollars 40L
Government bonds steady State bonds
strong Railroad bonds irregular