The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-10-27
PRICES GO
UP WARD
Professionals Bid Them up
Without Opposition.
rHE OFFERINGS ARE LIGHT
DAYS News Not Especially Encourag-
ing, Nevertheless Closing is Strong.
and Not Much Below tn. Best
Money Somewhat Frner.
tp. Associated Prsss.)


NEW YORK. oct o6.-Protessional
opera tors diu not find much difficulty in
bidding up prices to-day, and their opera
tons made UP the, large part of the rather
limited stock market. They met light OF.
ferngs of stock as prices advanced. but
they attracted no outside following TO
speak of. Some buying by uncovered pear
operators was Induced. and this helped
somewhat in the advance. In the occa-
sional pauses in the professional opera.
tions on the advance the market fell
into an almost stagnant condition. but
yielded little The closing was strong ana
not much below the best The days
news was not especially encouraging ana,
In fact offered several doubtful factors
But the traders are inclined to argue that
ket to the effect Of the failures in Balu-
more and Pittsbnrg is evidence Of an un-
DERIVING condition of strength. The rail-
,ires at Baltimore and Pittsburg not only
they aroused a spirit Of suspicious inquiry
into banking and trust company. condl-
tions as a whole. This makes 1t improp-
able that these conditions have any sur
.,rises in store fol, the banking worio and
operators in stocks are encouraged from
this to feel a confidence that other fall
ures would be with as little effect IN wall
Street as those which have already &C.
ditions at Pittsburg and Baltimore also
conduced to the feeling. of encourage
ment. The advance in prices was not af-
fected by the admissions in the weekly
reviews Of railroad tranlc e., nov e,,. mrs, .o,
does not look so strong s 1t did month
$50. This is in strong contrast TO ne
great confidence expressed by traffic OIL
Gals over the future of business up 70
this time This weeks report admits that
everything is moving In much smaller
volume than at any time In many months,
and for the first time IN long while some
of the roads have their freight solicitors
actively at work again: These reports
come from sources that have complained
hitherto that Wall Street was the only
blue spot in the country. Now That the
other points, Wall Street. experiences the
relief from having alrea DIV gone through
this process Of contraction.
There was also an appreciably ilrmer
loans rose to four per cent. when y belate ed
buyers supplied their needs Io-oay
speculation conferred in Amalgamated Cop
per, which rose an extreme "a The ad,
vance was based on much the same kind
Of argument as that in other stocks,
namely, that the harm from the Montana
litigation was discounted in the previous
decline in the stock,
The bond market continued broad and
strong. Total sales of bonds par value.
to-day s2,604 0U. United States 3s and old
Is advanced u per cent. on the last call.
The total sales of stock for the day
were 262, 100 shares
MONEY AND EXCHANCE-cLOsE:
Money on call firm at 2i4d4 per cent;
closing bid, per cent. closed offered at
per cent; time loans. firm; ss iys,
AZ per cent; ninety days, si244a4 per
cent: six months. iL.l4%, per cent; prime
mercantile pa per, 5is05ss. Sterling ex-
and al Sac .s2.&5 for sixty day bills
posted rates, $4.s3 and s4.so; commercial
change steady, with actual business IN
hsntsrs' bills at s.S.s1+ 50. 20 for demand
bills, S4siI.94.s2Is. Bar silver, CO.'S; Mex