Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-09-10

Missouri. Kansas and Texas; ST. Louis
Southwestern. Missouri Pacific, and also
on San Francisco.
The ease In sterling exchange yester-
day brings nearer profitable importation
of gold. This will be the chief relief Of
the money market
Officially, there is nothing new in the
coal strike. but under the surface. con-
di1ions are improving. thousands OF men
Will return to work presently.
A prominent New York firm says:
Public holding aloof, and while particu-
lar stocks may be put higher, on strong
days, we would rather sell than buy
The New York Herald tells of nego-
St Paul and Missouri Pacific. Recent
buying of these stocks no doubt due
to such rumors.
There are strong bull points out on
Amalgamated Copper. Atchison, St. Paul:
Kansas City. Fort Scott and Memphis
preferred; Southern Pacific, Chicago
Union Traction. and American Car and
Foundry.
The first imports Of gold this season
w l PRO DE Rank neope Who Who are
bullish on the market. especially on those
properties with which the Standard Oil
crowd IS identified.
St Louis Southwestern shared the
strength of the other stocks. and 1t was
expected to be an important factor IN
any consolidation scheme. 1t was said
that the earnings more than justified
some distribution to stockholders.
Outside Securities.
Louisville ana Nashville at the same
time suggested further developments IN
the way of a union of interests.
a general feeling Of stability was APP
parent under the influence of the strength
United Copper sold at s21z and 32SA.
Seaboard Airline. common. 1900 shares
from 312s to 327s; the preferred at 52A for
leo shares.
United States Steel shares We're high
er abroad and active. but sold off on the
refusal of Vice-Chanccllor Emory to dis
continue the hearing in the Hodge case.
There was strong competitive buying
of Southern railway. common, with the
appearance of heavy orders > siyen ,. out
by one firm II. B. Hollins q co. were
the largest buyers.
Transactions involved fully 10000
shares. The trading in the preferred was
more pronounced from S2A; it shot qu quick
lv upward to ssh this latter price estab-
fishing a new high level.
Rock Island securities were again con-
spicuous, with a decided Upward move
ment and renewed animation. The com,
quickly t,,i ps advanced to 56a4. eclipsing pre-
tious. high records on the rise.
While interest was not as extensively
distributed as has been on recent occa.
in the market for unlisted securities to-
day showed perceptible increase
through the medium of regularly active
shares.
Louisville and Nashvilie-Prinee and
Whitley advanced the quotation for this
stock. while Southern railway was IT'S
ing. 1t is believed that the. Atlantic
Coast Line will be prominent in guaran-
teeng the stock dividend, which will pro-
baby be paid Louisville shareholders.
Buying of Missouri Pacific was again
based on the close relations to be estab-
lished with the st. Paul. Campbell and
regular Gould brokers bought and BIZ
up the quotation. 1t was advanced to 10
in the afternoon, with comparatively lit
tie trouble.
| during the fiscal year ended August 3lst
| 81. 400 900 applicable to dividends on the
| common stock. which is equivalent. to
| about per cent. The amount applica-
ed August 81. 1901, was s479, s41. and in the
year ended August 81, 1900. $3.50 26I. The
| directors will not act on dividends until
November.
| was intensified by the tips given out
| Monday night uptown and early yester-
| day. in which it was intimated that
| Wheeling and Lake Erie the Waba Is.
western, and Texas Pacific were re to ), ne De
made leaders of the market. At the close
| the entire Gould stocks were more actlFe
/ than during the whole day.
| The feature at the opening. was the
| marked strength lin the Gould stocks,
Which was accompanied by revived re-
ports of a holding company TOR MIS-
souri, Pacific, Missouri. Texas and Kan "a
/ sas and Texas and Pacific, and possibly
| Wara sh It was claimed that the STANG
ard Oil party had taken an actively bull
| ish position on these issues, and We're
| also on the long side Of st. Paul The
| Southern Pacific pool was reported &C
| tive and aggressive.
There is good authority for the. state,
| ment that a Toronto syndicate. headsd
| bv Messrs Anes and Flavelle. now holds
/ between Is, COO and 10000 shares of Sloss-
! Sheffield. the majority Of which has been
/ bought privately. 1t is considered IKE.
| " that the Canadians will be Represented
| on the Board of Directors. but IT IS
! thought that there will be no change IN
| the general organization Of the com
pany. The syndicate is practically the
same that has been prominent Of late
! Years in Twin City. s. r. T., and other
| American enterprises.
/ The Baltimore Market.
| BALTIMORE. September 9.-(special)-
! seaboard Airline common stock was
/ more active. with higher tendency, to.
! day Common stock opened STEADY "a
317S. selling up to $685. and closing. with
,,af .arapce of ~ per cent. on sales OF