Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-09-13

5sli
Temporarily, sales on firm spots for
QUICK turns should be in order.
Esumated gold could be imported at
PFotit with demand sterling ct sis2,s
Earnings Colorado and Southwestern
afst week September increased slo,sB.
chesapeake and Ohio annual report
shows earning capacity about 3,s per cent
London sold stocks in New York yes
,efday, prices showing declines of IA to
Pacifies, PENNSYLVANIA. Erics. or Cop
pers, are purchase on moderate set
backs.
1t is believed that the conference at
harrisburg Will precipitate a rush back
OF men to the mines.
The principal movements of currency
TINS week indicate that the banks lost
thereby 1882 100.
ST. Paul. Canadian Pacific, and Louis
Tilie and Nashville are being absorbed
by powerful interests.
Chesapeake and Ohio and Amalgamafed
Copper resisted pressure exceedingly well
Yesterday and may be put up.
Rockefeller IS quoted as saying that
ne is not only bull on ST. Paul, but he
is bull on the whole country.
Manhattan and Reading first preferred
will speedily recover dividends These
stocks sold ex-dividend yesterday.
The directors Of General Chemical have
declared the regular quarterly dividend
Of lh per cent. on the preferred stock.
Stocks ex-dividend yesterday: Rock Is
land, IA per cent; Manhattan, / per
cent; Reading first preferred. 1 per cent.
Rights on Baltimore and Ohio will be
fully appreciated. and other impending
deals will put the common stock higher.
st. Paul report shows 9.1y earned on
both classes OF stock after enormous ex-
penditures out Of earnings for improve
inents
The monetary situation will continue
interesting for few days yet but with
the easing up of call rates, the onward
procession will quickly resume.
The irregular market which we have
had during the last few days shows clear
ly that the upward trend, as whole. has
been checked at least for the time being.
Echange very weak on tight money
yesterday. Demand sterling about 4.S5k.
If money conditions continue would not
be surprised to see gold coming over
next week.
A bad bank statement tomorrow may
be discounted. although traders should
not be too certain of further heavy
decrease in surplus reserve, owing to the
fact that many loans have been called
and shifted.
Sentiment seems to be somewhat mixed.
This is caused by the run up yesterday
of money to Is per cent, as against the
dividend increase in ST. Paul, ana traders
are at a loss to understand whether. the
new Baltimore ard Ohio issue Is a bull
or bear card.
On this reaction it is thought it would
be we'll to buy q line of Atchison, Cana
dian Pacific. Manhattan. Missouri. Kan
sas and Texas, st. Louis Southwestern
preferred, Southern Pacific. Union Pacific,
Denver, or Wabash preferred.
Secretary Shaw has returned from New
York. He says there is no scarcity Of
money in commercial circles there. al
though there may be some money tight
ness in speculative circles. He stands
ready to put more government money in
national bank repositories, he says, when
ever occasion arises, but he does not con-
slider it necessary just now.
Mr. Abram S. Hewitt is quoted as fol-
lows: II know positively that Mr.. Nor
gan will not allow the differences between
the operators and miners to be submitted
to arbitration. Before the strike began
/ warned President Mitchell that the
strike would fail He himself is not SO
anxious for arbitration. What he is fight
ing for is recognition, and this will not
be granted.