The times. [volume] (Richmond, Va.) 1890-1903, 1902-10-28
STOCK MARKE q
CONTINUES \ ! / Dull
Trading Very Light; Professional
Element in Control.
/. 4 N. DIVIDEND INCREASE i:,'
Neavy Selling Of Norfolk and Western
Favorable Returns Reported by the
Southern ard Georgia Central.
The Closing Was Weak.
fBr Associated Press. !

NEW YORK, Oct 1.-THE course Of the
days stock lna-sict gave little promise of
any change from lost weeks dull and
narrow conditions. Trading was very
light. and the professional element was
stili in control. Reports of fresh labor
troubles among the 1silroadS running into
Chicago were heard. Traders received no
announcement from London. where quo
tations for The international stocks were
tractionailS lower. Colorado Fuel and
Iron was the most active feature of the
opening. advancing over 3 per cent. on
noderat ely heavy transactions. but losing
tiiiy hail its advantage before The Enlose.
BALTIMORE and Ohio also was extensively
traded in AT an opening decline. and Lack.
ewanna sold mp ! per cent. at the first
and only Offering OF the day.
BY the end ri the first hour the weak
ness Of the list became more marked.
though with no direct evidence OF pressure
then shown BY Atchison,. New York Eel Gen
trial. Pennsylvania, Baltimore and ono
Reading, Erie, Louisville and NASHVILLE
Chesapeake and Ohio, Norfolk and aNest-
ern. Texas and Pacific. Missouri Pacjtic.
St. Louis Southwestern preferre1 w shasH.
Minneapolis. St. Paul. Sauit Ste Marie.
Toledo 81 Louis and western c ,an1a Van
Hide and Leather preferred Nslln scare
~ al exception the hcarines OF &1hese Is,
sues continued throughout the nay. ana
In some instances became more acute
There were q few feeble rallies. hut these
were limited to fractions, and the early
afternoon brought a turn Of general weak
ness The only noteworthy feature was
the decline in the rate for commercial
paper which was last week radically
pnobtainabe at les than the legal s. rate.
secured by borrowers of first rate COM
,nercial credit and was generally accepted
by interior banks which prefer to loan
money on mercantile paper. Banking ex-
rerts regarded this ease as especially sig
ilificant in showing the downward ten
derIcy in money conditions. A slight adj
vance vas shown in sterling exchange,
md il is believed there was a heavy ac-
emulation OF actual bills over Sunday.
4 In spite of this increased flrmnes gold
exports s are regarded "a more remote than
ever. The final hour found the list even
more narrow with a. further ontraction OF
business. One of the special features was
10 point decline in Brooklyn Union Gas.
and other high priced stocks were off 2gS
points. The closing was weak.
Further fross and net traffic returns.
some of them quite favorable. We're re-
ported By Louisville and Nashville South
ern Railway. Mexican Central Clevela nd,
Cincinnati. Chicago and st. Louis, Georgia
Central and Hooking Valley. In the way
of gossip it was semi officially stated that
there would be an early increase in the
Louisville and Nashville Dividend rate.
was ascribed to the belief in the coming
dividend announcement concerning the
common stock would prove Disappointing:
The active bond issues were weak all
around on small dealings. Total sales.
par value. s. 6a5.tstl United States bonds
were eli unchanged on last call
The total sales of stocks Tor the Gay
were s3aig4 shares.