The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-19
THE EDITORS VIEWS
What the New York Evening Papers
Think of the Situation.
Especial to The Times. Dispatch

- Special to The Times Dispatch }
& NEW YORK, Feb. lS.-The Evening Sun
says: a rather featureless days situa-
ton,,, not unnaturally, resulted in an
equally featureless market for securities.
noon that the Governing Committee Of the
Stock Exchange had acceded to the re-
quest OF the members that business should
BE suspended on Saturday. thus providing
for three-day holiday. served to inten-
sify the indisposition to trade which had
been Hn cyl during the morning
some renewed uneasinc sese that ao e gold
would be engaged for export to Europe
ny to-morrow's steamers. but this con-
t TIM - was quickly disposed OF when
at Paris became known. Barring gold
shipments. undertaken purely for stock
market effect. the rise in sterling in Paris
rendered Improbable gold shipments from
this side.
A number Of interesting returns OF rail-
way traffic Were submitted
Authoritative information with regard
TO the rumored Louisville and Nashville
bond issue was unobtainable, and no Of
dcial announcement In that respect is
cooked for until perhaps early next week.
Y would appear, however that the re-
ports are well grounded, as the company
stands IN need ne Of funds 70 provide for the
:allcd to- redemption and for other early
maturing obligations. Other rumors cur
ient to the effect that there had recently
been accomplished very heavy shifungs
II Metropolitan Street Railway stock
Rom original holders into new hands
Eere likewise unsubstantiated, but do NOT
appear improbable
American stocks were materially de-
pressed In the London market, chiefly on
selling, orders from this side, but the
general market there was steady, and
consols We're unchanged Notwithstanding
the samewhat pessismistic reference TO
the political situation in Eastern Europe
made by the King of England in his
speech to Parliament yesterday
The days market was largely made up
OF the continued activity in Anal samated
Copper. There was a further slight ad-
vance scored in copper metal In the Lon
don market, but there was growing feel
ing OF Of s st,e as to whether that
account for the sustained strength in
Amalgamated stock.
The Mall and Express says: To-day's
stock market really deserves very little
consideration, as it was an insignificant
Gtair, both as to volume of business and
dition of speculation on this side, and
not only sent lower quotations, but sold
Ai Dearer sFfn qh the h Ens ahhnf marhe,
was also factor In the days modera te
seulng movement from abroad. Outside
OF the London operations there was prac-
tically no outside business, commission
houses being almost idle. Slow wire SER
vice was an element that worked in the
direction or restricting transactions gen
orally.
y few of the pools made sporadic
movement. in their speclalties, but the
trading element furnished most of tho
business and were largely instrumental
In influencing the course OF prices.
The market was weak and steady by
turns, and In the last hour Of business
most stocks showed net losses for the
day.
Expectation that the New York Central
would have 70 make an early. enlargement
ment made the stock an object OF az bea A. :
pressure. A similar movement was MADE
against Louisville and Nashville on Inc
rumored bond Issue. Taking the promi.
Z that the changes either way were mar
rover than for some time past,
Commercial-A Advertise says: To-day,
dealings made IT evident that nothint
very important Is to be expected OF ths
market In advance or tho coming holiday