The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-28
THE EDITORS VIEWS
What the New York Evening Papers
Have to Say Of Yesterdays Trading.
(snccial to The Times DIspatch.)

NEW s. YORK, Feb. 27.-The Evening
Il sun says: The stock market
I opened with a moderate degree of
Fnd rrsguh pyse
& the quotations recorded were at higher
level than Yesterdays final figures.
wbe ws IN
Fly heavy on the high rates for money.
Little was done in this market for foreign
6 account
ciai bearing was comprised in this morn;
ing's news. Discussion again, centered
me ht's Of the Aidrleh 1bill, resarding which
the mornings public and private advices
from Washington were encouragins., On.
gings between banks and the sub-Irelsury
showed loss to the former Of nearly
. ssooo,ooo and the consequent prospects
served to deter active operations for bull
account. Active features of the early
dsapgs the Wsbash socs Rack
states Steel stocks. The local Traction
L The market through the day was dull
a and rather featureless.
All the Wabash issues We're strong In
comparison with the balance of the list,
and showed rather good support on the
dips.
The Evening Post says: Activity In the
{ Wabash shares. with some flrmness IN
y Pennsylvania and the Granger. stocks
interrupted temporarily an irregular price
IN to.days stock MARKET; fom
I We'll We'll sustained. and except for the TAX,
Of 6e Was
row. uncertain and weak. London evinced
little, interest In the dealings, due In part
IA TO the imperfect cable facilities which
restricted the arbitrage houses to tho use
46of "a single wire for the transmission OF
orders.
y lions Of the list during the later trading.
Ind under the influence Of heavy sell
ling movement several noteworthy declines
saily. Which was not, however. Of SUM.
# client strength to arrest the downward
tendency. After this the market became
puieter and steadicd somewhat at the
close.
The Mail and Express says: specula.
Il lion in Wall Street to-day waited upon
two events-the action Of the Senate on
i The Aldrich blu and the forthcoming bank
Ing there was q disposition to take
more optimistic view Of the chances of the
\ Aldrich bill, and the market had a rally
which was assisted by covering of shorts
and good display. Of strength In sue such
leading stocks as st. Paul, NeW for
Y Central and Wabash preferred, When the
BAN. statement estlmate ties came out, how
ever, with an Indicated loss OF, $4,000 n
= cash, the whole aspect OF speculation was
changed.
eventuated in the last hour In decline
L equal to a point and oyer IN the USUALLY
4 active stocks, while Northwest Norti
4 American and LackaWanna SUFFERED
rather severely
The traders made drive. against the
market End succeeded in bringing abou'
Increased liquidation. london dealt ~
y only few thousand shares owing tt
f The slow cable service arising from the
damage 10 British land lines by the storm
8 abroad.
The drift of money this week has pre-
pared the banking community and the
public for large loss In cash In to-mor-
rows clearing house return Bank state
4 nents, however. are tptoriously inconsist-
z ent Mt intervals and this may possibly
prove to be saving, clause In making
the actual loss smaller than expected
Recently the unexpected has happened In
HE outSome OF the cash resources: In
plaiD terms the decrease has reached an
amount far beyond that warranted by the
q Visible currents OF money
The Observation-Disclosures says: Luui-
has been witnessed IN some time occupied
tfle closing hours OF to.day's stock mar
a ket Tho selling was, NOT heavy tnouEf
" rance Of ascalea buying orders of a
Z rood Character added to the covering OF
Z & good sized short interest and AFFORDED
& Enough resistance to prevent serious
In fact Y ne safs a wsr me eos as
5si EEn fractions Nevertheless. what Wal
y Efreet ga Ms "specnlatiye sentiment" va,
Medically depressed and discouraged from
atayt to AniEa, and ths smaller pools anf