The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-03-20
trading on Stock Exchange ;s' g
irregular IN Early Hours.
SETTLED DOWN LATER iI:;E ON
There Was General Improvement Up 10
Last Hour, When Realizing Forced
MI Prices is Lower Level-Under-
tone Fairly Steady
ins Nssoc,atcd PROSE-, !

55 NEW YORK, March 19.-U Uncommon IN.
I tercst attached to to-day's stock market
movements by reason OF the preVio''ui:s'
davis advance in Southern Pacific. There
were fears OF n corner or some other
y awkward development, and trading IN the
8ilrst hour was irregular and very cautious.
4 Southern Pacific shares fluctuated WiIId uy
lat the outset. selling up to 6S1a. tne lllis..,,
almost MS suddenly sold down to, !, g..
Later, when 1t became pphreHtii ~ 'i iist
There was no occasion for alarm, me l,sii
seadled MI around IN na a ss2Ie hour se whe n
realizing forced prices In the more active ",
issues down TO low level Covering !, by by
the short interest Pa e1es and
sSS Gthel RSH S csonsdorsSIe
early dealings on BUYING go tnh1 w
& during i the early Session With the exce p
etlon Of ST Paul and Union Pacific; wnlGIn
4 opened generally above the late LONDON
Quotations. High prices were reflected !, IN
Sugar, Tennessee Coal corn pTouucl Us, 1i ~
RosT Isana e Gopp er'em met With little
I 81 On the whole "a much better feeling WAS ls
fh2Wn N IL the a stuaon
4 THE undertone Of the market was la ,,ni
firm, though trading was In moderate Voi,
nme No materlal change wa, was s npSnr -
tho market was lower in spots as Q result
4of proat-taking. The strength Of missouri 1,,i
gaec seGmea f e eom rise ffo paeio Mali
appeared TO be based on the Dellel t ~.
that property must benefit by the actiYlty
Yin Southern Pacific \, -,
of business in the late session. ana i. tne
tNVesterners were again active In some fI
5 OF their speculative fnyorites: through n
In in SOUTHERN s,n uri Pacific which was traded
5insto the extent OF over 1000 shares, clos
ing at almost the lowest price Of the DAY
Il f H.' was next to Southern Pacific in point
of activity, but made a net gain or J
point. One Of tho late afternoon rnm0 3fs
that ao psc aad STOCK acRee
Ia The Oregon Short Line. A number OF
stocks made material gains, on the day,
American AMER Pacific Mall: Northwest. Col,
and Hartford. Following the reaction the
market closed comparatively dull ana ana
hi The local financial situation shows I'm
$1,rovenent, the banks losing thus fa r. IN tnls
week only about s5ooooo as aga a sT Shero
Vas another moi advance Of 10 points in ster.
money conditions and Increased ed demand ilsa
NJ money was offered in abundance at 81 per
cent. for all dates but the demand 7, w was
N light. The prevailing rate FOR cal loans Is
was SO per cent, though In, the late at,
\ ternoon there was a furry, which carried
4 the Price to Z per cent, closing at = per
n cent. u J.
The bond market has responded shar p
temper.IT Total sales. par value. 81 ,S'0OOo;
United States bonds were all unchanged
The total sales Of stocks for the day
were COl,50O shares.
$5ilj3 MONEY AND EXCHANGE-CLOsE
Money on call firm at 5@7 per cent: clos
ing offered at per f EifdM Tune ner Money oanf
ninety days. 54aaA per cent; SIX months or
e per cent Sterling exchange strong with
actual business in bankers bills at 81 7.26
Q4.s7.3o for demand and at 4S3a3SMI,1,s s for To-
commercial bills. s4sSAdA.aA. Bar sill
.gvcr, 4SS; Mexican dollars; IS Governs
Inent bonds, steady; state bonds inactive;
railroad bonds. firm.