Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-10-30
lNOT Her ADVANCE,
,or4GN EXCHANGE REACHES
HIGHEST POINT.
REACHES
FEARS OF GOLD EXPORTS.
-tncr Liquidation in Wall Street.
:, Result OF sbo~c Named Dcvel-
opmcnts-A Series of Drives.
which leave. List Lower.
!, Drives.

XIV YORK, October ss.-Another ad-
.--, IN foroien exchange to the highest
-,-- reached during the present move
-.- with attendant fears Of gold OK
,.--s brought further liquidation to the
,.,lE market to-day. a srea, zeal o.
,.-tas was for account OF the western
,-,-a,stive element, ana much of IT was
..-,e5. Not few stop-loss orders We're
.-s7yarsd. and room traasrs. eraooldened
T.. fr.s show OF weakness. made series
II a-lras Which left the list generally
,ovs- with many sharp breaks. Ex-
,,erze advanced to $3.50, which in the
,ai-,on Of son,e bankers was severai
9-,5~gs away from Tho basis at which gold
laala be used Tor rentttances. with pro
/. some exchange firms believed, how
I,-s-. that engagements might be made
t7,tn exchange only five points above to-
kays level,
Opening prices for stocks were a trihe
better and the ACTIVITY in such issues as
baltimore and Ohio, and Norfolk and
western, seemed due TO the aggressive
hess q one Of the leading operators.
-5a advance IN Southern Pacific was re-
r--sed more as 6 drive against one of the
s.ar pools in that stock. while the weak
.ss Of Colorado Fuel suggested inside
s.v~2 An through the morning session,
5sa#rgs continued professional and inss-
-.4,4at. and at times the market was
,7-rg.etely stagnant The only strong
ssaw1.es during this period were Texas
fr7 Pacific, Minneapolis and ST. Pau.
SsyIt ste Maj e. Kansas and Texas pre-
ta-r5. and Illinois Central. Elsewhere
p ~ standard class fluctuations were
t--trsr7el, narrow. Colorado F'Uei made a.
w-Era- decline. but the rubber goods is.
l.es we're strong at improved prices.
REDEEMuNG FEATURE
ore Of the redeemfng features was the
,gvsae Tor London account TO the eXten,
u sH54t 5000 shares. but these transac-
mrs were negative, inasn1uch as they
.ssRy r5DreseTted New York buying. anG
Rs-o incidental 10 the change OF accounts
,stResn the two markets. a sale of 5.0et
,sares Of Colorado FIJI Ey one firm sen
lie rrlc5 off to $50, and that stock made
l-at loss of another point. The realiza-
aoa occurred IN the afternoon. Stocks
het sustained the greatest declines in
s'g5ed Delaware and Hudson, which mad.
NET loss OF points. and st. Paul, Mis-
soar Pacific Illinois Central. Louisville
sa7 Nashville. Baltimore and Ohio. Nor
as and Western. Re- ling, and Colorado
F= and Iron, declines extending from !:
points.
II spi-e OF the United States Steel de
son, those stocks held comparatively
ira. Tie closing was weak.
BONDS IRREGULAR.
Railroad bonds were Irregular, With &C
les issues showing leaviness. in sym
,r with stocks. Total SAFES. par value
t10j1. United States bonds were ali
rachaEged. on the last call
The total sales Of stocks We're 55l,5o1
sa8res-,
MONEY AND EXCHANGE.
Money on call steady al s5@gi1: pei
--zl. closing bid. 315 per cent. Prime
1e-canJfle paper, 512a6 per cent.
sterling exchange firm, with aotuaI
Business in bankers bills at S4.S6.o9 fol
demand. and at SASS .50aSsS3s25 for sixty
5sy bills; posted rates. 5:.S+ and S4.s7l3
,5-5uercial bills. S4.S2.750 S4S3.25.
Ear silver, 505-S EIeEican dollars. S92i
Government bonds steady. State bonds
Er--ri,-s F2oj,,ca,5 bonds ir-epj1iar