The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-03
YESTERDAYS TRADING

to grads. Egsr s5c. dozen.
YESTERDAYS TRADING
What the New York Afternoon Papers
Have to Say on the Stock Market.
tspecia1 to Tho Times. Disratch.)
NEW YORK, Feb. 2-rhe Mall and Nx-
pr ess says Some relief from the recent
apathy OF speculation and uncertain
price movements was Afforded BY to-
days stock market which exhibited much
strength and was moro active than OF
late. Developments were generally OF
favorable nature, ana this fact contr1-
butcd to the strong undcrtone that pre-
vailed during the greater part Of the
Stock Exchanges session. or the incl
dents Of the day that had the greatest
Influence on sentiment may BIO mentioned
the efforts now in progress for COM com
promise with the allies II, tho yenezuela IN
matter. and reports from washington TO
likely to be- OF a more more moderate character
Isl speonlatlye Val Street Ind It that N Y,
With Important, corporate jnteres In re- 3.
Increase IN outside business o, vas tSa it
reports on the question Of Legislation.
gas nSsan ssx,es SIN Thu sssft
ooh dealings showed iG moderate increase
In activity.
subsequently. the trading fell away in
volume, but there was little abatement
IN the markets strength; !, The curtai y
be owing to a - revival Of vneas!ness WITH
situation. This morning intelligence md
this question shall have been definitely
disposed Of there s bound to BE- IN ess
latent apprehension. The only conspic-
uous exception to the general tendency
Of the market was Pennsylvania. IN when
evident. The professional traders on the
door were heavy sellers Of the stock.
Sgan f
cess they We're able to figure out small
There vas other heavy selling Ct r Penn n
peeared to represent genuine llqulda tlon
Of the same Character that has been OBJ OBJ
some time past. The more conspicuous
features Of the market In the RAILROAD
list were Delaware and Hudson. the Erie
stocks, tho Wabash issues and st. Louis
and San Francisco.
The Evening Post says: Prices e ad-
Exchange toe to-day S0 Without, however, any
e Gn aia&er buying Sng hudson Erie
ed as the points Of speculative interest;
apparently on tho theory that they had
already declined rather heavily heavily, a1fa q
against these advances .Pennsylyania' s
shares declined ossenstbly on the offer Of
enry Of e sn secf @
movement s IN ,tself deserves commsna e ):
custom es1 Of 9f's corporaions during the past
e COM nset liabilities. Prees closed gen
orally at advances. after day OF some
what increased activity.
The la say says n The
time past A considerable increase in
the volume Of business reflected, however.
ulative interest," but rather, the extra
heavy dealings In few special issues IN
which specific influences, were present
eral list was that It did not yield to pres
sure in usually Influential quarters, and
moved forward readily =, whenever this
Underlying conditions the Heavy llqulda-
@n which pqm thS wd
have caused more or less serious comlno-
ton. No one had expected the an
nouncement made Saturday afternoon.
moving forward The time TO-: exchanging
the Pennsylvania convertible 31s, per cents.
According to the terms Of this conver-
sioh, as it Is now offered a year ahead
Of time these bonds have been ruling
much too low In comparison with the
price OF the stock. Tie selling, which
has been in progress in Pennsylvania
continued with redoubled intensity this
morning, is. now. explained by the fact
that q. good profit was afforded by sell
ing the stock against purchases of the
bonds.
The Erie issues were the first to re-
veal an active. demand and all Of them
rose sharply the second preferred a n the
other points to its gain Of Saturday,
were, also bought extensively. The rise
In the other railroad stocks = more no. re- e
the advance in the coal stocks than a
fresh buying movem emit. Nevertheless, It
was a striking feature that offerings
everywhere We're scarce even at the high
or price level.