The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-07
THE EDITORS VIEWS
What the New York Evening Papers
Say About the Stock Market.
80 Especial to The Times. Dispat CHI
NEW YORK. Feb. C.-The Commercial

NEW YORK, t'eb. b.-Ihe Commercial
Advertiser says: The stock market lost
to-day almost completely whatever en-
ergy It had managed to gather, on the
: preceding days. Prices worked lower
during the early trading, with losses Of n
half to three-quarters of point through
The market, however. showed no POSI-
tive weakness Mt any times. and at the
lowest level 1t was found that little or no
stock was pressing for sale.
have been the ones who have bid up
prices during the week, and as their
losses. a reaction was quite to be ex-
pected. There We're, however, the usual
arguments. !. ADVANCED to explain the de,
rate into very close proximity with the
gold export level; Another was the heavy
s9o in ali for the he Week wee Which fore
shadows \ technically "unfaVorabe'' bank
return tomorrow. This latter prospect
beeause It is calculated lot to delay outside
outside reason for to-day's hesitation.
Whatever pressure there was against the
market in the early trading disappeared
hour or SO was merely repetition OF the
5slagnation which prevailed up to the
carly part of the week.
The Mall and Express says: The some
what promising. aspect of the stock mar
ket yesterday and tbs day before was
supplemented to-day by a lower range
the volume Of business. The public prac-
tenn withdrew % from the market opera
brought their transactions within a Very
limited scope. This left speculation main
~ in the hands of the trading elem ent.
and the movements consequently Were
devoid OF significance. Net losses of the
day reached point or over only. in iso-
lated cases, and the market at frequent
intervals was intensely dull
London at first was somewhat disturbed
by the hitch in the Venezuelan situation,
and they sold about 10000 shares In our
market. This had some influence on the
at work. such as the prospects for a poor
bank. statement tomorrow and further
rise in sterling exchange. which afforded
scope for rumors on the Stock Exchange
of impending gold exports.
The decline in time money rates to-
day, led up to further covering of sterling
exchange maturities. and this was tho
cause OF the strength of the market for
sterling s The actual quotation for demand
the exporting limit. and there is no
French steamer again until next Thurs.
day
materially different from what 1t was
last year for the early part of January
The possibility that to-morrow's bank
statement may follow the usual drift OF
the season. and the very general knowl
edge. that such drift in ali recent years
has been In the direction of loan expan
sion and falling reserves, invest the
forthcoming exhibit with much interest
The Evening !, Post ,|o. says Win raths he,
market Yielded p irregularly but s'G ne
changes for the day were of the sliEhtes
Foreign markets appeared to be- in mucl
the same apathetic situation, all reflect
Ing the usual uncertainties Of the season
There We're some exceptions to the rattle
general downward movement, notabl!
a afnsTa sde op nefknE Most Vp Of ns!s
which at intervals was fairly large. cam
from professional operators. Towards tn
ali the arEe Sa1s o beey
limited 10 estimates of Tomorrow S banl
returns and 70 tn, upward tendency o
foreign exchange. Neither movement va
beth are usual at this period. No atten
ton whatever seemed to be paid 10 tn
latest picture In the Kaleidoscope Vcne
zaela matter. The market closed aule
il the Central Pacific syndicate had no
had 10 provide, this week, for a tire
z ment. falling due last Saturday the bank
( would neither have gained cash nor los
this week.
The Evening Sun says: A number O
circumstances combined TO bring aboil
reactlonary tendencies In to-day's stool
The chief of these were this morning
Intelligence setting forth the more unsat
isfactory state of the Venezuelan nego
tiations, the prospects for a weak banl
statement Tomorrow, as Indicated in IN
Z heavy losses the banks have incurred 1,
their operations with the sub-Treasur.
this week, and the rise In sterling ex
change.
There was some little discussion ais,
With regard TO the somewhat threaten
Ing state OF affairs In the Balkans, an,