The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-08-22
Wall Street Gossip.
Especial to Tho Times. Dispa tch

Z Especial to Tho Times. Disps tch.)
NEW YORK. Aug. 21.--,rhe opening on the
Stock Exchange firm. helped by the advance
In London and the orersod condition OF the
market disclosed IN the LOAF crowd Commission
houses had fair supply Of orders. and noor
traders were inclined TO follow the rally further
1t IL generally considered that tho Waldorf
crowd aud their Western allies hammered the
market on Tbursday, and particularly the stand
ard OIL stocks. expecting TINT selling OF this
! character would canse nervousness.
It is thought that Standard OIL interest took
some OF the stock sold, and that the short 10
consequence in Amalsa Copper ST. PAU
and Missouri Pacific Is considerable.
The strength In Canadian Pacific was on Faro.
2 pean buying orders.
The 500 issues advanced on the reports from
Ca madam sources OF Immediate action on the
preferred dividend.
THE FIRST HOURS TRADING:
nrst hour, materially helped By the covering Of
shorts from the West. There wns little for:
eign buying In places and good quantity OF
seaterns me and
Chicago. were well represented III the early
buying.
Steel common and seemed to have a large order.
ANA Ign mnted Copper WAS materially helped
BY tho short interest, but the advance IN tho
price OF tho metal In london and strength OF
RIO Tintos and Anaconda there was influential
factors, Paris seems to be very bullish on the
copper stocks
The Rock Island local following 10 publish on
the stock and says that the advance doe. not
represent manipulation. It Is pointed out that
In its expansion policy there have been no bad
bargains and ut least two very good ones and
considerable public Investment demand Ia
claimed on the earnings. which are upqucstion-
ably large.
+ AMERICAN CAN:
.,''It is intmated In official quarters that the
f preferred stock OF the American Can Company
win be placed on a dividend basis this fail; n.
dividend OF 2ia per cent. Oh tho preferred will
Ing tho initial dividend disbursement mado BIZ
the company. 8
THE SECOND HOUR:
y Tho floor traders were opera ting for nod
ern te reaction In tho second hour on tho theory
Prices sold on II little. hut held fairly well at
the lower levels. Tho representatives OF the
large interests OF tho street gave tho Impression
4 that a narrower market would not DO unwel'
come. U3tEe stt- 81 .atl ~
The principal money brokers reported more
elk months time money at @ per cent. than the
, street seemed to want, and found very little
4 homand for four months at w per cent, Alto,
Rether tho street seems we'll protected against
sny possible strlngency In the fall,
h Harris, Gates and Co.'s huyinE Of Erie was
Thought to represent covering OF Western shorts.
RAnLYs AFTERNOON:
ThA market became very narrow In tho early
sfternoon with little movement Of interest
Floor traders found that 1t soon hecnme sold out,
10 follow advances. There was n fair Investment!
u demand, but It was In small lots aud did not
show In tho trading. ~. a3 5s
AS there was less demand for Now York Cen
tral In this loan crowd 1t showed some dlsposI.
No to ease on 1t is probable that the recent