The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-27

d on ff3ornoon. The Rock Island Frisco
story had no general effect, ana IN ,, ene
absence of outside interest traaetS Wehf
the hardening money market would help
them. i .yi$5 iFIf III
ROCK ISLAND & SAN FRANCISCO -
The ROCK Island Frisco alliance SEEM
cd to have been thoroughly discounted'. : So :.
far as the market was co, ,i nee and nt
Rock Island was barely steady The
problem of financing In q money, Marker ,lrises
already congcsted with new bond issues .e1s
was the aspect which pa 1'' 81 81 W
me street Tsgarded the l Roek ls bear
argument the Golla tbnf th rs financing
Island Island Company. which WOULD, mean
bon in ro dtn q them %n1s nq
Would at least mean an increase IN the
issue. On the same reasoning the com;
binaon eo on Ro mHrd San "a stocF
III Rock Island common was inclined y Q
sell off in the early trading on ne id i, q
that would pc pre2ud;a ss1e neces
Stated by tho Frisco purchase; -
1t was. reported in the street4,So Ion W Mnalt
ooea like Very far avthoFity nnt R RaI
wav's holdings Of Georgia Central's com,
mon MOI stock , in completion Of the plan Of
which the Frisco purGnase was IA Il pu III,
from Birmingham to Savannah.
Some J or tho largest houses reported
that they were paying per cent. LOT laV -
and six months noneyand found tlht ca, g
money was not freely o1feretl. ihe ,11a'al
Raftan new stock, amounting o So $780, oo
had to DO found during the day and, o.
course, affected to some extent the money
market and the bank statement. III
WABASH PREFERRED SUPPORTED: @
Wabash preferred was active ana ap.
penred to be receiving support from lne
Could brokers In the face OF consid eraDle
profit taking. The selling was based on =
the threatening labor situations ~ nu6 I inc
syivania interest might be Improved n
some manner in the near future l,e gaY y,e
courage to the bulls Of the stocKs IN ~
the better labor reports 7s it
IRA CTIoNs WEAK:
Metropolitan did not rally Vel, = ar I,
t hvao, was Rapi Gooa ani Political
element lis bearishi5 on the fractions. and
besides this here seemed to PC talrly
large block of METROPOLITAN In process OF
distribution wherever the market VIII
ss II was claimed that there vas short !,
The figure was probably over-estima ted,
but ut tie bear account seemed to DO the
best support. (
AWAITED g. UNITED COPPER:
rhe IIallgartens, who were supposed to
DO the fiscal agents IN New York pack pack
Of the United Copper = G93mpaniy "a aa av
per, and while last year active In United
Copper at IS, appear to take no interest
lin It Mt the present price or 80 not"ith-
|Ieinae'st successes in Montana politics.
| There Is official declaration from every
| side that there are at present no negotla-
controversies between Mr., fleinze and
tho Amalgamated Copper Company;
nevertheless, the people at Butte nnd IN
some agreement or understanding between
some people by which the attacks upon
both Judge HarneS and the Amalg gnnnnaG
Some Som, pc people declare that there must have
! been something behind the sudden resolve
offthe Montana Legislature TO sweep this
Not only is Mr., IIeinze emphatic that
| there are no negotiations between HIM
| self and the Amalgamated Copper Com
pany; but ne, Amalgamated people are
u3 A. New York banker identified with
mining Interests snys.
mined "a more Than ever 'H to crush a 4,
| TIeinze. They are said to be willing to
settle after the election two years ago,
| Dul ntllIeI- bIlc tAllldlSuInuleu nor MI,
| Heinze's own friends could prevail upon
! him to make II settlement, Now the
Ama,lgamated people will follow him to
| the last ditch" & n 45#
!. ct PAIlTiS NEW STOCK: .g,s
| From the action Of ST. Paul 1t was taken
! that there was no intention to act upon
! the authorized new stock issue, In the
| present temper Of the market It is doubt
| full If new capitalization even accompa-
MED by rights would be regarded AS n
! bun argument. 4E ls
| RAILROAD FARNINGS.
For the third week in February ITook-
| ing Valley Increased $780, Toledo, st,
Louis and Western increased s.: 500; South.
orn Railway increased Sal ,G5si Wabash de-
creased $1,000, Pennsylvania annual re-
port will show profits on last years
onerations Of $2l,Ti2,225 Atchlson for the
month III January Increased SA0S,I76,
TIE CLOSE:
The close was dull with d sagging tens
dency, although there was nc, very mark
I'd pressure, Traders were hearish, hut
| aid not succeed In taking out the stock
In any quantity, while the short interest
was a positive advantage to such stocks
flSr Metropolitan.
IA ga5g} COTvTOM MAPKETS Ns5R5