The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-03-12
THE EDITORS VIEWS.
What the New York Evening Papers
b Have to Say of Yesterdays Trading.

Especial to The Times-Dlspatch.)
NEW YORK, March 1.-THE Mail and
ExFe says After d sHysra pef5eas OF
strength and weakness the stock market
moved up. slowly at first. but with con-
siderable. aggresslveness in the last hour:
Speculation received a stinulant from
& London, where Americans closed higher
on reports from this side that, Secretary
Il Shaw would come to the relief Of the
bought over fifty thousand shares.
The same report In regard to the inten-
tions Of Secretary Shaw had an influence
on the early operations here, but this
view Of the situation was dissipatod when
the Secretary rather unexpectedly made
his, appearance In the financial !, district Tist
the situation demanded any action on his
4 part, and that he came over here on GUS
tom-house matters; It was after this an
tlon, but the late recovery was assisted
ruling at SIS per cent and under, and
eenf s %it G Ieaaene auS demand 0a0 pof
The improvement In tho share list was
very general in. character and amounted
ppo@nsnP 0s a qss outhern Paee g.
Paul, Union Pacific, Missouri Pacific,
Atchlson. New York Central and the Cop
the rise. Aside from easier money there
were other favorable developments, such
y as another rise IN Copper good state
! menL Dy western LOT INC NlitICH NuUT-
ter, excellent annual reports by the to-
bacco companies and encouraging Increase
In earnings. by the railroads for tho first
Missouri KISS Paeio ana nat the Central branch
which showed small decreases.
The Commercial Advertiser says: Recov.
cry from yesterdays closing display Of
weakness came much more promptly than
Z the average saeculator had lmng ined. The
rapid over-ni.nt change In the 1endc/cy
market was not rs weak In yesterdays
surface surf That tho demonstration against
ST. Paul. Pennsylvania and other high
priced Issues was made to facilitate the
covering Of short contracts, and that this
n disposition continued In to-day's sess'En
Sappen ned.oWh Whether the metropolitan
Street Railway canard belonged 70 the
real "bear" campaign, or whether It was
smn sy an g IF eoeeetur neoS ali Sa vee
Z the wild story printed In one of IN TN
mornings newspapers maze 9ra, very t1t nt
The prompt and authoritative denial
would seem that, the last ought now t
matter. The general market paid a goot
deal Of attention to the reports of posi-
BILE intervention by the Treasury to re
Of the Secretary In this city to-day len
some color 10 these hopes. But no an
nouncement of an encouraging nature wa
made up TO the close Of business.
The recovery was most rapid IN IN
latter half of the afternoon, when TN
pressure 10 cover commitments on tn
short side became really acute. The clos
WAS very strong at about the bes
X prices.
The Evening Sun says: There wa
come indications to-day of culmlnaIoI
of the protractcd bear campaign In TIL
stock market which has now been IN pro
gress for more than two months. To be
gin with. al the opening OF business
there was no vestiges OF the pract/ca
decentralization which was evident at tn,
close YESTERDAY. st. Paul, which had beer
the object of a particularly aggressiy,
attack In the final dealings, opened NJ
about ] per cent, and approximate ad
* yances took place In other directions. ]
was a matter OF general comment tina
/ The speculative house which was tn
A largest seller of st. Paul yesterday after
+ noon was borrower of the stock afte
the close OF business to the extent o
Notwithstanding that the banks hay
lost to the sub-TTeasury since last Fri
Ghy over 81, .0O. to-day's. money marke
was actually easy Sterling e&chang
was a shade firmer, but on the othe
hand. continental exchange was decided
& There was no further light thrown upo
the position Of the Southern Pacific. poo
Or upon the Intentions of those In nharg
Il tt;Yith EssATa t9fths inattsF q tefcln