The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-08
FEELING OF
ONFlDENCE
Public Does Not Share Feel.
ing Of Professionals.
CONTINUE HOLD ALooF
Money Continued Easy Throughout the
Week. Although Banks Are Losing
to Sub-Treasury-venezuelan
Affair Had Little Influence.
rsnec,., 70 The Times Dispatch

especial to Inc Ilmcs-IlsphlSh'J
NEW YORK, February 1.-THE Finan-
7 ciai Age. in Its weekly review says:
The changes that occurred in the sit
nation last week were Of a favorable
Character, and as such were generally
appreciated in stock market quarters,
where there was noticeable Improve
mcnt in speculative sentiment. This feel
Ing OF confidence as reflected In stock
market operations was not shared In
by the general public, who have persist
entity refused to lend their support to
an elevation OF values. Favorable and
urfavorable developments have alike been
treated with an indifference that Is as
Unprecedented as 1t is disappointing to
brokers' who have predicted each week
that outside interest would soon DC
awakened. This apathy, which has been
the subject OF much comment In finan-
cial circles, cannot accurately be IN
terpreted as nm evidence OF lack OF
confidence In the prevailing condltloIls
in the commercial world II IS ii i~ae
in the stock market have taught the
public that the very conditions that are
Indicative of rising values are not sale
guides to follow in the matter OF specu-
The volume Of business transacted ttt5 on on
the Stock Exchange last week shoWe g,
that the above noted apathy on tne p ,,1,,.
vantage va Of the low, prices Of dividend
paying a pereass and her hodnEs
tention was paid to the fact that tho
banks are osng gey R to gain
from the interior in somewhat diminish
Cd volume But the mons; money ce mar
RI ha Of In financial cir
WITHOUT EFFECT.
Of II the New York Clearing House to
compel the trust companies clearing
through Clearing House banks to keep
i fasn sha 10 on e cent of ali
their deposits and which it is intended
shall eventually be increased to Is per
San the as most es'i mpoptant financial news
of the week, although 1t had absolutely
no effect. upon the stock market. This
en- the financial situation, although the
opinion has been advanced that in times
OF stringency in the money market the
compelled to maintain in their vaults
will be an important factor In keeping
up money rates and in increasing the
strnEency IN 'ohnapie lh hnas Ias 3in
to prepare for the inauguration of the
new system, which will occur on June
T ISL pTcQlCllOnS O1 lHlS SUTt appear 10
posed action Of the Clearing House au-
thorities Will necessarily entail the re-
tre-nent of q certain amount of avail
able funds the added security thus in
sured to depositors and to financial in
terests generally will more than coIn-
terbalance this effect, and Is far prefer
able to the greater elasticity, and free
dom in extending credit which the trust
companies have enjoyed under the pres
ent system.
The advance + in nvcbapya
brought that phase of the situation in
for greater discussion, although there
seems to be not the remotest possibility
- : : ANTITRUST BILL.
Senator Elkins' antitrust measure
which last week passed the Senate with
most favorable bill relating to the reg
ulation of corporations that has come
Ing the present session. Its principal
scribed al considerable length are far
Jess drastic than the provisions of the
House measure, and are generally ac-
cceptable to the. corporate interests, who
take the sensible view that as anti
trust legislation of some sort seems in
evitable, n Is the part OF wisdom not
as is contemplated in the Elkins bill
settlement of the Venezuelan imbrog,io,
TINS snnJect is not given nearly as much
consideration as 1t received several
weeks ago, and the failure of the Pow
ers to agree to Mr.. Bowen'ss proposal
created but passing comment in
Wall Street where confidence is express
ed that the affair has passed the stage
where there Is any danger of the United
States becoming involved. In It's most
to the consideration it received and as
mas been frequently pointed out in these
columns, II was merely bear argument
the future of the situation