The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-25
PRlCES.BROK'|.E|:'
OF 'E !.
recovered SloWly3During the
Ensuing Hours.
( RE GAINED LOST GROUND
Recovery at CLOSE Was Brisk-c ''1
influence IL Break Was Mas lower 'EN' Lev''
Of London Quotations-E:fHtepct
Of Bank Statement
Il. 4 asaorintea press.l

new YokK siSeb. M ,lhto mndf q
Iysturncd upon thcmoney market s,, ou ~ 81.
aThe significant upward moys e i {y ~ Il
II Louis and San FRANCISCO ana i, u, hst'c ef
thr y infi,ience of the weekly bank stnte-
inent @on Saturday and OF the ueY ,noro
ents Of to-day I N ov mq,5IS any sympa
n i ti, eject from these manifestations
Of strength. But in the afteraoon;t, ~ hnd
was announeed e .r,ti lot Of tie Adrich
financial bill, d substantial recovery !, He o..
y i'll and n large proportion OF the g mnvc.
losses was rec9yered;, ~ ne Inno Tn hut was a
fairH demonstr Of the importantaG,o. az y
La ched in the financial community conn 1ndr ,b 20
that Pr9, stIn rere. Of tho
coming fall. The SATURDAY. BANK / s ss,on
u 11leIt, since which there was no sess s,,o
the Stock Exchang fear mh1ilh evlde,,se
Il of the rapid nroads being made ~ upo o
banking resources by large corp ,o,sa j.,
requirements Tho very large uecIe''1Ii ~ ~
q lie local trust companies are also !, begin IN
q ning to anticipate their needs IN the en-, en-,
largement Of cash reserve a TO co nueh
q sEnif1 canoe was attached to the develop =
ment to-day Of quito an aacute pre sss Is
Tor funds from Chicago, The transfer a,,5 or
500 200 to that center tn nl,o non ,nI largely
Ssuppiemented with direct shipments py
( EXPRESS. it is believed that large Ny NJ
mants coming due on Maron l tow ~, are
Responsible for this uneXpected dem ,, y.
#The local money market hardened on "a "a
count of these developn1ents ni,u on amav
from this gold export point: The eXchn aI .
market was not affected by heavy, safes ne
\ here of stocks for London account, t 90 =
light se;lboard grain cloaranceS or ny inc
d Isi in tie export demand for cotton t! 4;
The movements in ST.. Louis and snn
francisco and In Wabash prelerfeu ,, w ,,,i,
posed the two movements to be connect e,sn !,
ed. The stock market hypothee;stis WAS WAS
that a newy-secured, control OF =: Loul =
\ oompetition to the Gould southwestern
system, and that the PennsyIly;anla kali
rad was awaiting itself Of this TO press
propery 4o of fbe lat
$thunk line aspirations Inc s1rentgth -, 81 !
EAmaigamated was attrib9tss g, - 70 70 , sae
further rise in the metal ana Suga advonse
Iin{the price Of coffee. 4 the Market cioseu
Sqnite active and firm. -, ~ ,>ond
There was some breadth 10 .he 1,,o uoiin ~
i st.5SLouis and San FRANCISCO funding IS
and Wabash dehenturo BIS; The general ,la !.
tone rregr1lnr Tsta s eoupon Is
q advanced a per cent. on the last can. :
h q The total sales Of stocks for the day
!. were 5t9.So0 shares.
32E5 MONEY Fl AND ENCIAKGE-CLOsE:
Money on call steady at 2AGS per cent;
closed a 2N6l3 per cent; time money.
L firm I sixty days, 1905 per cent; ninety
DAYS, per. cent; sX months Az 4 1Esm
Bner cent Sterling exchange easier with
actual business in bankers bill at s4S7G1
foTdemand and at s4S45o for s sl;Xlty DAY day
&mercial bills. 81 S3as6l4;Sss. Bar silver