The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-26
THE EDITORS VIEWS
What the New York Evening Pa ers
n Have to Say Of Yesterdays Trading.
h Especial to The Times .Di9PatchD

Sgll Especial to The Times .Dapatch)
Il NEW YORK, Feb, 25.-Ihe Evening tll
{ The he London market was to-day more II.
& terestlng than at any other point; Wy
activity there developed being, ~ al az. ac-
4 counts, more general than mas peeil VI, WI
K messed on any day since the war depres-t
sion began London has had since !nen.
and within year. activity in railway way
Z shares and in katfirs mines, but Lnese
were Isolated movements. separate from IN
II one another, @rd usually abortiye IN So
y far as recovery In London's stock markat
is to be taken in earnest, of English indus
interesting. 1t would be very much more
so&lf It were TO continue at any sncli
pace as to-days The New York market
opened firm with fractional advances gen. gen,
4 oral grew uncertain at midday. and
ended with prices lower In many quarters.
# There was not much apparent slgnln.
s or in that Of the afternoon. Some very
good railway earnings statements J., i To- inc
third week Of February had no influence
on the market For one instance or seem en-
mated Copper stock gEeetEd the days
further raise In copper prices by declining
nearly q point from i,s own high level 81, or 81
nearly four points within a week. and
Wall Street has learned TO walk cautious
lily when following inside movements IN
Copper" Tho market as whole closed
rather weak.
The Evening Sun says: There were
!, two circumstances which initiated against
q continuation OF the improving tenden-
ces evident In the stock market in yes.
Sterday's final dealings, and these We're
made ma sf by At the banks in their operations
with that Institution since, last Friday,
together with the renewal OF extreme
% E IN Metropoian stTee ntw ~
this morning over $4,000; This loss was
to some extent owing 70 the heavy trans
fers OF currency to Chicago; but as 4
has been made so early in the week, II
Il IS bound to tell strongly in saturdays
bank statement, The renewal of weak
no more definitely accounted for than
was the sharp break, Of last week. AS Il
matter Of fact, to-day's decline In the
stock failed to revive the various ruinors
which We're current last Thursday In con-
nection with the break on that day,
I>he market opened decidedly strong,
Fange OF prices for American stocks IN
London and by the favorable expectations
entertained With respect TO the prospects
before the senaic In fact ii might he
said that apart from tho discussion grow
Ing out OF tho weakness In Metropolitnn.
Financial attention WAS cesntered during
National CAPITAL The money " market
was not Mt all affected by the large
loss IN cash holdings made by. the banks,
and sterling exchange was shade easier.
The Commercial- Advertiser SAYS: The
net results Of to-days very Irregular
& movemert OF prices MAS n genera! decline
from yesterdays closing level,
The downward tendency did not develop
very positively until tho final hour Of
business
During the early part OF the day at
tempts We're mace 10 bid up stocks. and
70 numerous Instances they met with tenn
Amplgamated Copper Influenced by n
ffurther advance In the price OF the ma,
tarial; was particularly strong, reaching
the highest on the receut movement,
Ihffe was also an early demonstration
Of activity IN the stpnks associated with
the recent Rock Island rumors Rock
Island, Union Pacific and Southern lsari.
fic. while ST. Paul was bid up at one
time sharplly on the usual dieussion OF
y the possibility OF some action being taken
on the matter Of a stock dividend AT 10.
4 morrow's meeting OF the directors
non the other hand Metropolitan was
very weak from the oHtsot, and although
@ nothing save the vagEeSt rumors were
III circulated 10 account FOR This movement
4 the decline IN thlB AND other rracrious
caused more or leas pncgsluess HeavS
4 pSoiit-taktng was also apparent from Ink
rss e sand tSs Wa aeaafne ssafs
h stocks the general market moved wltl
8Sconsideraille uneertainty during the earl,
part of the .session, md on the Who'll
5sg i,reperyei a fair amount Of steadiuus
until the last hour
II The Mail and EEpress save: Whaseve
VI Intervals to-day IN On indifferent an
" ss$ 58{ssi 3S vi