The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-03
STOCK MARK ! |
is L STILL Dull Il!
Money { IS Cheap, but - ! Traders Are
Not Disposed to Take Hold,
MAR KEI IS PRO FEssIo IN i:
And Commission Houses Have Little
to Do-Atlantic Coast Line Com
mon Securities TO
Advance.
MAR KET is PROFESSIONAL / IN, /.
And Commission Houses Have Little
- 0o-A+l,n+;r co,e+ inc Com.

yesterdays stock market was areP PEI 9 OF
| of that of the day before; it was dun ano
lstless and the trade was almost entirety
a professional charac ter.
The opening was dull IN the dDSenCe ~
any considerable commission house 6usl-
ness and the irregular prices from Lon,
don. Analgamated Copper opened strong
on what was taken to be a. renewal o.
the bull pool operations Of the previous
day, but reacted on the reported cavern
of the Anaconda mine. Labor diftlcuitles
CANT MOVE. =,
In spite Of the fine exhibit made by the
United States Steel Corporation =. g s
lower than they were on the day before
and very little trading was done in them
The following was sent out yesterday IRON
S;rhe tinted States Steel Corporation
bond plan was ratified and confirmed py
directors at to-day's meeting. 1t viii .. %
submitted to the stockholders at a SPECIAL
meeting to be held OH May 10Th. Books
close for this meeting April 18th and re.
open May goth.
1.-THE management wants it understood
that this is not compulsory on any stock
holder. No one need exchange his stock
except on his own volition. incidentally,
that the subsidiary companies have in the tfn
aggregate a surplus of.cash Of $o6. o0o, 0V1
This, with the s50,000000 which will DC
raised by the sale of United States Steel
Corporation bonds, will give the corpora
ton S1O6, 100000 in cash to use as the man
aSement may see. fit for the best interests
Of the company.
It was reported from London that peace
proposals with South Africa. were pro-
crossing favorab!y, but the market turned
a deaf ear to the news. Money was in
good supply at 4 per cent.
The Atcnison directors met and declared
their regular se:ni-annual dividend of
per cent. on the common. stock.
Leather was fairly active and gained
about per cent. on the days transac-
lions.
Pennsylvania reported net increase for
the month of February of SIS, 200; Chicago,
Burlington and Quincy reported q net in
months, 81. $40.
For the third week in March Northern
Pacific earnings We're S9e,56O; for the
fourth week in March sl1 y. wisconsin Central
Atlantic Coast Line common continues
to go up. "A bid Of 1o7 was made for a
block of this stock yesterday, uut none
MARKET FIRM.
Edward Sweet 6 Co, OF New York. say
in their review of yesterdays market:
Extreme apathy. prevailed at all times
either the public or the traders to re-enter
market to any considera BILE extent. AT
the same time the tone of the market con-
tinues to be excellent, and with the easing
the large interests consider the time pro
pitious for q general advance that the
market would quickly respond to their
influences. Up to present time, however
money market was not in proper condition
for the market leaders to work for any
thing like a. sustained bull movement, and
therefore the idea has been discouraged
We look for a continuance of a dull and
rather narrow market but think prices
should work somewhat higher