The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-05
Z, MONEY AND I=ScHANGE-cLosE:
THE EDITORS VIEW
What the New York Evening Papers Say
About the Stock Market
Especial to The Times. Dispatch.)

II SPECIAL to The Times; Dispatch.)
Advertiser says: To-days market certain
ly7 had many of the symptoms of an in
eipient speculation for the rise. Heavy
quarters with q. slow hardening in others
and along. with 1t no reaction worth
rPesakinE Of At any time was the Prnci-
1t was undoubtedly all the more signi-
& ncant that no new developments occurred
N the n J. outside ~ situation which could have
hxtravasant. stories OF a new railroad al
lance in the West were promptly denied,
and the stocks most concerned We're
rather behind than ahead of the advance
IN the general list Nor was the accumu-
lated loss Of over 100000 from the banks
e the SSm,hTTeasmry exactly in the nature
1.-The true reason for the days access Of
Strength and activity undoubtedly was
that the pools and syndcates which have
been out of the market since the middle Of
last month We're cautiously renewing
their operations to start the upward
movement again. On their side they have
q uniformly favorable set of outside CON
u ditions and. what is of more Importance,
assurances of easy money for an indeh-
1ite time 10 come.
The Mail and Express says: Stock prices
moved TO higher level to-day and the
market exhibited a very strong under
because of the important fact that there
was unusually poor wire service with the
West Ghieag9 be!Ig cut off from com
greater part of the Stock Exchange's ses-
sion. Curiously enough. the Southern
p{eahsare Fast feyors na cities
Of buying orders to fill the gap caused BY
The elimination of Chicago as n market
veT 70 buff sds o s aeaGun ns
their transactions added to the market S
strength
The Evening Post says: On the Stock
Today in the amount of business done, To-
!al transactions reaching the highest mark
vince ed. January a AN when 10000 shares
pr the days business was obvious enough
put PR prices 1a, closed very generally higher
deal" between the Rock Island and Union
Pacific railroads Much mystery was pre-,
iations fact WHEN at at other i t,ses
you'd of itself have stimulated activity
py the Spectators. That it did not dc
ihares Of the properties chiefly Interested
Mas a curious and perhaps significant
element IN, the situation. What this
Ter seems to prove Is that the day lay w saa
A conference between two railway man.
sgemenls led 70 the instant Inference OF
IN eytravagant valuation has definitely
passed.
g The Evening Sun says; The improve.
ment IN the condition of the King OF
England and the more promising outlook
COR ~ amicable issue to the Venezuelan
n negptlapons was reflected In Il better
tone IN the London stock market to-day
and both, circumstances were similarly
ffsctys IN the local dealings, particu-
lariy ms latter Trading continued in
\ pnly light volume, but interest was again
well distributed through all quarters OF
the market. Yesterday afternoons demon.
CO.
sharss was not repeated, nor ' Was Il Fac ae.
counted for by any novel development of
Importance, II ~ still the common opin.
i. Hodge suit against, the preferred stoci
ponyersion plan is handed down 1t vii
I be In favor Of the company, but as q rule
The New Jersey Court OF Errors and An
beals renders Its decisions on Friday
az There was no confirmation of the rumor.
current yesterday that the steel corpo