The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-03-11
THE EDITORS VIEWS.
What The New York Evening Papers
Have to Say ofYesterday's Trading.

Especial to The Times. DIspntch.) -$l
NEW YORK, March lO.-The Evening
Sun says: Aside from the partial elimi-S
nation Of the short interest In the stock
market, which was reflected in yester-
days rapid a,iyance in prices, It vas BY
plantations of to-days decidedly weak
and generally, rcactlonary tendency.
Among the factors. influencing the course
of prices there might be mentioned tlJss
very heavy loss In cash by the banks dis
closed in this mornings figures of their
dealings with the sub-Treasury., the slight
upward reaction In sterling exchange and
some disappointment, at the small amount
OF gold received from the French steam
ship which arrived this morning. In adj.
On the London market, which was gen
orally heavy, with consols selling within
q otr the lowest prize
this market for foreign account We're,
however. upon trihing scale. No ma
i ter1al change appeared In money market
rowing on call was effected around
per cent.
The commercial-Adver says: The
banks by tho ub-Treasury furnished the
key-note, Of to-day'!s operations on tho
Stock Exchange, Yesterdays compare;
encouraged the hope that the out-go In
this Quarter this week would not be large
to hse any serq1n
appeared, showing n loss of Sc, 1000 for
the three business days since last Friday,
Il Instantly Jared the tender nerves Of
the professional elements into dependency
again The selling movement began in
y London. where prices had declined half
point or more before the local opening.
AT the outset here the entire list reacted
sharply with extreme losses or nearly
q point in Union and Southern Pacific,
fTltr nm tnt nj 6f ~ N "
during which the market yacillated be-
4 tween strength and weakness, Before
midday, however. the bear party re-,
Union Pacific, New York Central and
Pennsylvanla, All these Issues, with tho
& lowest figures of the movement.
The market on The whole. however, did
not give had account OF Itself. When
attempts were made To secure profits on
the short side prices rallied as easily ~
they had come down. Pressure was ~
newed again at the close, and the , make!
means demorali2ed.
The Mail and Express says; The ulsx,
The them no.eworlhy advances OF Yesterday
! late small market being replaced by mark,
ed depression and heavy shrinkage, IN
The emphatical denial Of any settlement
between the minority and majority inter.
csts In Southern Pacific was the starting
point OF the decline, and the situation
was further unsettled by rumors Of a pos
Eibe corner in Southern Pacific agains
4 the members OF the pool who sold th'
This. however was not the only dis
t1rbing factor, other developments be
Ing used by tho bear party to accelerate
lie downward movement and force liqui
4 datioIl on stop-loss orders.
4 The Panama Canal affair was suddenl,
1njeated into tho situation by rumor!
/; that the government would pay 100000
direct from the Treasury and call III
y balance from the, banks, This tn, arouse,
Il Itnatini, but It afterwards dawned upoi
operators that rnmors In the premise!
were premature. washington 4, adyicsl
] lng to complete tho necessary numOsr 70