The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-04-25
EDITORS VIEWS
What the New York Afternoon Papers
Say About Yesterdays Trading.
Especial to The Times-Dispat,

NEW YORK. April a.-The Evening
given over to professional trading exclu-
sively. There was practically no outside
support. Depressed by the lower range
Of quotations for American ghares in
London, the. early movement on this side
was hesitatings weak and narrow. For
elgn interests were again sellers. letting
go some 5000 shares, which made their
total sales this week foot UP some 1000
shares. After 1t became known that the
banks had apparently made a heavy cash
gain on the weeks currency movement
the market recovered partially. This rally
was for. the most part restricted to the
active shares Baltimore and Ohio. Rock
Island, Missouri Pacific. Pennsylvania and
tho Atchison issues benefting sharply by
the Improved tone. The other news do
actor and without special Influence aside
from tho attention given the Interstate
Commerce ruling respecting grain rates.
This had disturbing effect. which was
National Railroad OF Mexico and Mexi-
can Central was a feature In the last
hour. During the last fifteen minutes
with business much restricted. This con.
,inrcd till the last, prices In number of
Instances closing near the best figures
of the day. The market was firm at the
close.
The Mali and Express says: To-days
stock market was distinct, disappolnt-
was rather light, and price movements
were far from being satisfactory. A low
er market for Americans at London. with
and r'iI renewed agitation as to tho Interstate
Commerce Commissions decision, caused
weaker opening. The rally in the mar
ket was due to indications OF an excel
lent bank statement tomorrow, and the
likelihood of combined resistance on
the part OF trunk line managers to the
Interstate Commerce decision against the
L. b. hAkxr - I'm n
Now York.
matter of much Importance to various
American interests was a further. sharp
ss On s ana NeR Yo bens lsse hhes
attained for n very long period. The up.
ward movement was materially assisted
by continued purchases on the, part OF
the government for the Philippine coin
The prospects for to-morrow's bank
statement from the standpoint. OF the
known conditions are to govern the out
There has been keen competition this
week between the banks and trust conn
panies to put out money on time. At the
opening of the week one trust company
alone accommodated Stock Exchange bor-
rowers with 100000 for long periods.
Tho commercial-AdvertIser says: To.
especially, moved with considerable I'M
certainty, TcIlccIlng Tie CONIllCt between
to have some further reaction, and the
admitted fact that there was no outside
reason why such a reaction should oc-
cur. The first tendency was generally
downward, London sent over a lower
range of quotations. chiefly, no doubt,
that the early orders cahled from New
York were mostly on the selling side At
the opening here the whole list sold off
rather sharply. The railroad shares were
in the lead. 1t soon appeared, however;
that there was no more disposition to, sell
at the lower level than there had been . !,
market Nothing this fact, professional
operate who had gone short hort began to
slow at first was ,hastened by the appear
ance OF some fresh buying orders through
there were indicatlons that the sliau es
more resumed operations for nm advance,
Copper shares weakened In the afternoon
on the drop In metal prices, and hesita-
tion was reflected in the traction stocks,
owing to reports that an adverse decision
on the franchise tax matter might be
handed down next week,
The market as a whole paid little att
tention to special movements, It acted