The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-03-28
: ] R WERE !! !; E
9$} 7l5 35Fli 'isgsi tres a "a y
VERY ACTIVE.
wv AZ, .-.--...... wv . i4-. u. #
s 10 &! t1sIl Z M /. a
Made Well Organized Attack "a
on Of Stock s. 3 X. Prices 4 g:
VIOLENT 3 ' CHANGES Az l1'l:: MADE
,--...--- q 7 y; -; AZ ..3S
IL Nearly Az stock Opening Prices
Were Highest Of thsa Day There
Mere Some Quick Rallies !
Al the e! 1l sl,.s
. a a
VIOLENT 3 LEN CHANGES IN Nl1'l:''s MADE
ny Asso ciAtsd Presto

Nr1p YORK. Marcil 27.-Thers appear.
al In the stuck market to-day a power
f,,l sresouroeful and we'll organized bear
party. rho market proved unable 20
withstand the aggressive tactics OF TINS
element, and soinef violent changes re-.
suited Tie opena,s. npur h,a IN pllees the
b act i Of tho socfdtaryi OF. Treasury In
r res, refundlhg OPERATIONS. sut tho
profess ional bear pAr III evid entity hhd rs Is
part in forcing ithesoDpenlngs bulge IN
& pricos, ana they GSo ldtIfreely from the
start. 1'ne first t3tieD Of the day we're n,
almost without Hf Gsptiorl . ne hs hos,.
& Almost immediatefXitIe significant if sell
I'M Ia Pennsylvania mad Its appearance
again. The boncteiaries by the stock
subscription privileges; seemed united In
their d esire 10 take their profits prompt-
", There was heavy selling OF the rights
on the curb. Tho holders Of tho stock.
seeing the course OF the market unload
ed their stock on q large scale on the
Glance to secure rights on the new stock
at profit. 57 4t,s 81
Nav York Central at the same time de-.
vclopcd a very Wcak3'tone The rumor
was prevalent that thn 81. 900 900 Of stock
j. II the companysi Il }fGhsury. which IL al-
ready authorized would be shortly offer
ed for subscription. AThe selling OF he
stock was alleged tdsbe against this ~
ture issue OF treasury stock. The pre-
yailing sentiment RH' tho subject OF ad-
ditional stock sfqs .iR'ns shown. by the
special weakness, Of an stocks which have
4 nosslble new issuetiahead OF them. St.
Paul was & comprehensive exception.
This formed thu 'baA,s FOR the raid on
the market which Changed the early gains
Y OF 1 to ! 10 into such net. loss as st.
Paul 4$1-2, New York Central. Pennsyl-
vania and Southern Pacific about 3. and
. long list OF losses between and 2.
4, In the inactive list there were even
wider declines. On.1the curb there was
break OF 21-2 points IN Northern securi-
ties The hasty taking of profits BY the
bears caused soY4 Y5tck rallies at the
oloso, but the @dsKE closed very ie-
yershly. Expert 'eyAmates as to the
proposed lions did not
PROMISE q largen teirnse OF cash to the
honey market a. d Essult. The increased
( possibility. for n9ttg ffssues Is taken little
account OF In the iRiaiket in view OF the
measure. St bns}.v sSaf
Bonds became heavy In sympathy with
stocks. Total sales, par value. &2.241, o0o
Il United States 2s coupon declined ! IA and
the rs registered J.. while the new Is reg
istercd declined Ia and the old 4s !, on
last call.
Total sales OF stocks were s72.soo shares.
MONEY {: s. eHANeE. q! Y:
cent? closing 4 -2g5 cine money. . steady;
s sasi,s aa per g sen u months CAS- is
prime mercantilo,l pnpsF, s 3-4g6; sterling
exchange easy. with taotual business in
bankers bills, ate ss6.s6Qpa.s 80 for de-
nand. and at 1872 Tor sixty day bills;
cial bills. Sass 1-4;7 bar silver, 40 la Mex
ion n dolla a op11 r1eNt honda Efr.