The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-11

justment Of capital and purchases OF
Interested property by PROMINENT NJ WAL ,ia
was generally regarded as due to pool
operations.
A REACTIoNARY TENDENCY:
active stocks, particularly Union Pacifle,
st. Paul and Wabash in the early trad.
ing, with evident liquidation by some OF
the leading POOLS was ,h.erprv.er on Inc Inc
tcrests were distrustful Of one another,
and that there was no concerted move
to put up stocks It ay vas ASSUMED non as
Introduction Of the Aldrich bill in Con-
gress for relieving the monetary situa-
ianeous securities, including railroad
stocks. as collateral, was apparently be-
ing used as a basis for selling.
MISSOURI PACIFIC:
The opening transactions In Missouri
Pacific were 10000 from 115 1-2,to lis and
the activity continued. The pool opera
Ter and Brother both bought openly and
we're said to have distributed buying or
ders. 30 satEEa 81 ~
It was again stated that no ffcial an
nounccment could yet be made Of the
terms Of the Rock island Union Pacific
lions in the stock and on heavy transac-
lions prices advanced. Some realizing
sales caused decline later. Taylor, cut
ting and Company bought and ii. Con-
tent and Company traded both ways.
WABASH STILL ACTIVE:
Trading In the Wabash issues was
by Gould brokers prices declined, the
first preferred selling down over a point.
George P. Butler and Brother sold. While
largest buyers; One reason given for the
decline was that n hitch had occurred
in some negotiations supposed to be pend
ing with the Pennsylvania Company.
COPPER UP AND DOWN:
The statement of a local copper au-
thority about alleged manlpulation n
the Amalgamated Copper Company, but
here and in. London, where crude cop
per is alleged to be pressed for sale,
did not tend st frs5 f. TIE Srbas prse
on this movement, but lost all its gain
before the close.
A PUzZL1NG SALE:
The feature of the trading In United
States Steel was the sale Of 5000 shares
of Halsted and Hodges. There was con-
siderable curiosity to learn from whom Or
board room was that the selling was
for account OF Jacob Field, who was a
large buyer last, week. si1tsE =
The close was under the best of the
day but very firm and although the
transactions were less than on the pre-
vious day, the market DEMONSTRATED Its
ability to stand good deal of profit
taking without serious reaction. Opin-
ion among traders was mixed. but the
professional short interest was prob
II was hardly worth while to revive
the old story of PENNSYLVANIA control tc
account for the strength In Atchison
The story never had any truth In 1t an(
the outlook for the January earnings !:
quite good enough to account for strength
In such a stock In such. a. market
The activity in the Leather issues was
accompanied by reports that the plan!
the preferred stock had been taken II
hand again. The best information OF
the company's business is not particular
~ bulish and there Is reason to thnl
that 1t Is paying high prices for It's raw
material, without being In position tt
Advance its quotations In order to fur
nish products.
The movement In Hooking Valley agail
directed attention to the pending nego
said to be nearly ready for publication
. #