The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-12-22
Wall Street Gossip.

Especial 10 Tho Times Dispatch.)
NEW DIRK, Dec; 1.-THE market opened II.
London. Apart from the eccentric movement
in Steel preferred there was no stock presenting;
md traders were bulsh IN View of the good
bank statement on Saturday.
The opening n steel o preferred was peculiar
below, Saturdays, close; a break Of a point
pr more was made with sales Of 1000 shares,
mainly for London. Traders think the puil
nceoun, is not strong enough to hold the stock
against liquidation. although it should be
able 10 cope with the short interest.
helped By tho moral effect OF the opening OF
the Williamsburg Bridge md the continued OPP
he S Of a 9oIF 9 VISTA 1ays senator Hanna
has been sounding financial sintercsts In the
matter Of 1901 campaign. contributions, II is
nanccr Is quoted as saying that were the
senator himself the Republican Presidential
candidate, money plenty would be for'hcom-
About me best early, feature was tho
known IN the street that the ERIC earnings for
November are not going to be particularly good
gross decrease Of 100000. The buying OF
Reading, however Is good; and trade In rple
nE with any of It's Eric.
The Western crowd Is conservative. and for
]ower.'prites: but that the market Is snffi,
cientIy; marrow to be influenced by special
The market acted well in the FIRST hour,
allowing for certain holiday tendency N \
would become more marked later unless como
unforeseen development stimulated trading.
There was some Western selling. but all e.
gether the prepon1elTincG Of professional senti-
,nent seemed to be on tho long side
There seemed very little doubt that the poll,
cal crowd will have an opportunity to sell
brooklyn Rapid Transit at The price promised
,cfore the municipal election. but there is no
question that the gross earnings are very large
md have increased more than hoped for.
There is reason to think also. that certain
prominent holders have come together, with, an
eye to strengthening the property rather Than
the market prices
The movement in I.nckawannn. which has
4 on the earnings and the belief that both that
4 ,oad and Delaware and Hudson must sooner
i or later make some distribution to the stock
7 holders, they cannot 90 on buryins the
surplus earnings indefinitely.
Western houses seemed to bn the principal
sellers OF United States Steel preferred,
Traders bulled Amalgalnated Copper on tho
technical market position under the lead OF j.
The tune In the market after midday was
4 fairly cheerful and tho advance in the lgh-
4 priced issues seemed 10 have some general SYM
There Mas very little stock offering around
The room and after tho London selling MAS
over, traders We're mostly inclined to operate
II is claimed with very fair show OF reason
wanna. Delaware and hudson. Jersey Central
and even General Electric Is due 10 the mark
Ing up Of the prices over tho end of the year
by the insurance companies.
The market showed u distinct tendency to
marrow in the early afternoon. but ne nave
highly professional, except ia u few stocks
where some impulse from pool could be traced.
The railroad equipment stocks Were ma rkcd
up with fair success OH the more settled anndi-
iion IN the iron trade and reports that orders
Tor The new year We're better than might have
runor6 current few weeks ago,
Weakness in Rock Island is probably due