The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-11-12
A DELUCE
OF PENNSY
The Market Was Literally
Swainped Yesterday by a
Torrent Of Stock.
v. S. STEEL STILL UNCHANGED
Many Prominent Stocks Sustain
Heavy Net Losses-Bonds
Were Very Dull.
v. S. STEEL STILL UNCHANGED
tBy Associated Press,

NEW YORK, Nov 11.-To.day's stock
market was literally swamped u.Ler he
sa.es Of which numbsred almost hall es
sloes. so tde dSins ID. az Fl ns
s nsay Part ~ sy tss sss
served as an o..set to the uownw.. d
course in ,Pennsylvania. Tut tie tsrs s..
sney Of the later mo, emsnt ultimate y
it's general tendency. AS resi-. MT
losses OF ! to 4 liz ale Indicated lor n.ny
OF the prominent s.ocns. limited states z
again having closed uncaaneed iiom last
night and from the nlsn. h..Crs. It
ranged as h en- as 4 .s over last n -
the weakness OF pennsy,V auia. iAe e..o..
nous selling Of the later stock was N. st !.
1y.ns ana act 10 a mood or tumo.s 70
very heavy short cover ne .pe.a .ons In
United States steel preferred. cut they
were not very evideut e.seW.ere he
conviction was general that genai.e liau,.
large scale. lne laige voluu.e Of Law
bond Issues BY subsidiary CO 40 n.es
coupled with the recent expansion In o
eoihpsny's own capital stoes. and 10
consequent large lncre-se IN tho re uire'
ments upon earnings IN order to maln!n y
tie present rdle OF rctV!n on o.nos anu
stocks, was an acknOW ed. 81 Ia tor IN L.e
uquid4 Ion. .ncre was interested Gus.
aion. whatever t.ere might have teon "
credence, or a theory tuat TIE . auoa-
o.. party were In 4 way TO control D.teu
e.ases Steel, with conee.ent P q or 70
d.veIt the enormous ire.ght tr .nic OF tns
corporation 70 railroad .ntored.e .t.f
The e 1.p saa pavy ntts s1 SCI IT,
lies was IA. gely at.riDu.eo " the 70 40
dsures OF " and 50. reacnui yeste. Gay q
tne Souss o. 1 ne arg a,tr ss: e
E.>ecuiat.se mind as a cui.i.nat.on 1oh :
campaign. .,,,.
tapor.s that yss:erdays stss i m =, Lac az
cul prices atso helped thsss s.oEk AZ
reaction was turtle. ed ~ ,iis s;iarp retk
IN the raw COPPER MasAe rodue s!Gw;ns .as
tons by the Amalg.a1lia.. e. Co,n pay 8
The marnet closed ra.her oull aLd :, weak
with Pennsylvania At IL 1-2. VI oniJ -
Additionai engagements OF gold for Inn.
port were de In LoEdon., and the
furLer drop In excna.se . innSs sM1 wy
mar Vale, 81 ,o4O.a0. united Ct les oonds
were UNCHANGED on the iAst cali.
The totai sa.es OF stoc@S - tos '1e >1a'
~et ~. s'Ccx ma. set was disturbed during
the afternoon By the renewal OF violent
nauidauon IN rsn1sylvai,;i,a' xn .ubborn
contest WAC Waged at that point 70 hola
the sock. and 1t Was rallied TO ~ -. ous
upwards OF 800 SHARES GAG % o e, s1As ~
u
-. b-a. but the urgency of the LIQUIDATION
ceemed over at the time Later Penn.
sy.I al.la toucl. cd LIZ Ia. " nlcns)s the-1oW.
closed at ll2 IL,
Northern securities broks three points
on the euro shortly before TODAY
c.ose. early in the day the stock SOLO a,
81 on moderate trading. A prominent
Commission house offered 1900 shares, ~
the last nou., and the price promptly teil
to IS. The late, selling was reported 70 De
OF a forced character.
MONEY. AND EAcHASGEE.cLos.:
csnf !: closing bid and offered, or cs.i..;
t me loans. - err: sixty and Ninety day !.
6 per cent; TX months, 58.4 Ter cent;
R,aIiinr exchan,e weak then stead !,
With actual ous. ess In bankers bilia ,oos
s4s3. lUa. 4sS.4y for demand and ~ t4..sg
HsUnail lie and ss.sRDi!eo ~; commerc.ai
bills sl.1s ga. Bar silver. 90 IL; Mex.eeh