The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-21
RECOVERY
in PRICES
Failure Of Confirmation About
Metropolitan Gave Strength
SHORTS HAsTEN.To COVER
! This Helped the Rally. Which Was En-
phatlc-Advance Was Very General
and Market Closed Active at
About the Best.
SHORTS HAsTEN.To CovEF
Inv Assoclntcd Press

NEW York, Feb 2o-iThe failure of
econfirmation Of run,ors concerning the
circulated yesterday, led TO prompt re-
covery OF prices of stocks this morn
Ing, The denial by. ". G.; Whitney that
months convinced the operators that yes
stcrday's market had been subjected to a
raid by the dissemination of Inventions.
cover and Helped the rally sis The recovery
was especially emphatic The renewed
Advance in Amaigamated Copper also
S Stock Was heped bs e STRENGTHS Of
the metal market, which was marked in
London. The, market seemed to feel the
lions. but the feature Of the early morn
Ing was the St. Louis and San francisco
stocks; The common rose 4 the first pre-,
sns F Sss'ns snd sis
The funding bonds were also in de-
an ma, at adynncing figures nd Many - re-
consolidation of this property with some
large railroad system, the report pointing
TO the s9nthefn Hallway system H. s,oo
came Into prominence, the preferred adj
vancing 20: after. announcement that
es had The been On Rv aa sy oser
Gould stocks and Southwesterns general
ly advanced In sympathy. Missouri
Pac :aS ~, vas also helped by the incre g
%
second week in February were good with
out important exceptions.
The advance In refined sugars helped
American Sugar, and special developments
We're responsible for advances In other
lndividaul stocks. The market closed ac-
tive at about the best.
( There seemed to be n general convic-
ton that to-morrow's bank statement
would be poor one. The movement Of
currency. has been away from New York
and to New Orleans, so that net loss in
cash of nearly $1,000 900 is ndicated on the
known movements of money.
The bond market was Irregular. Total
sales par value, s. S25, 900.
a The total sales of stocks for the day
were 4OS.90O shares.
. MONEY AND lsNCHANGESCLOsE
closing, 2ds per cent: time money. firm;
zixy oe DAYS sN per on ffnt aRsty pe days
prime mercantile paper, 4ssd5A per cent.
Sterling exchange steady with :, actual
Seand an m 9s s st dsx
posted rates, a.s5is and ID s4.Ssis; commer.
cial bills, stssN "a: s4a. Bar silver, 4sH;
Mexican dollars $ Government bonds
BANK CLEARINGs FOR WEEK.
taSIe BY so Brs eee s0 shoms
the bank clearings at a number Of the
principal cities for the week ended Feb
Fudry4 ~, 5lSO3, WIN tnelr percentage or
Increase or decrease. ns compared with
the corresponding week last year. Sixty
four other cities are included In the to-
tails:
Chicago. size ,42sO7i; Increase 90 Boston,
4 s141 .673517: increase, 81. Philadelphia,
1910; decrease. 1902. Pittsburg, $50 05s,-
b24; decrease, 520l. San Francisco. s29.7O4.-
Gil; increase. 1873. Baltimore. sl5243. 727;
decrease. 1873 Cincinnati. s21 ,a5945O: in
crease, As. Kansas City, slS1S2, 500; de-
crease, SIS. New Orleans, sl5,7336S6; In
crease. SIS. Louisville. sll,l93l20; Increase,
$40. Richmond s3,S55.0S5 increase. IL.
Washington. s3974.T4S,74S; Increase, 24.4.j
Savannah, s445S,7s2; increase, 46.1. Mefn-
ph Is; 3 s!lsi $50: Increase, s25. Fort Worth.
81, e6O, 2g2; increase, AL. Atlantn, s306i. 500
increase, 1876 Norfolk. 81, $50 201; increase,
24.0. Nashville. s2.5733l5; increase. 72.2
Augusta, Ca, s2.2S6,37s; Increase, 7O2. Biz
mingham. Sl,O79,6O: decrease. Ill. Little
Rock s9sS,s64; Increase. 1873. Knoxville,
increase. 23.4. Chattanooga. sG5SSll; IN
crease Sc. Houston, Sl3. 476. 40: Increase
ia. Galveston. ss:5s1 90; increase, 1913.
Beaumont. Tex. s4S09l1: Increase, 10
Charleston, S. c.. sl.3l7366. Total for
United States. s2,276 s53,5l3: increase, 40
z Outside New York. $Sl639l, 1872: Increase
~. Total for Canada. $500. 81; Increase
Il >. -. II