The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-09-06

Y 9
OF STOCKS
5Tl,irty-six Bonds Pushed Up a
Point or More and Only
\. Fifteen Fell.
WEEK ONE OF YEARS Al. BEST & I
Volume Of Trade Was Large and
Cheerful Tone Accompanied
a Very General Rise.

NEW YORK. September ST weekly
resume affords some cheerful records.
Last weeks business was among the best
OF the year, Judged by Its volume and
tho cheerful tone accompanying "a very
general rise. Thlrty-six bonds moved
point or more aud only two declined.
Ninuty.fvo stocks moved a point or
moro and only fifteen fell. The volume
OF the bond business. s27,7oo,ooo was ex-
cccded In tho third week of January,
but otherwise Is the largest for years.
The Inference or large Investment BUSH
ness Is scarcely warranted. however. since
tho trade was dominated so largely BY
THE highly speculative Issues. or Con-
igolldatCd Tobacco As 1857 were sold or
nearly third of the business In all
bonds. Their rise was s rs, and, although
1t was not fully explained, good Judges
assert there was meritori0us basis for
Stlie>m movement. Steel Is ranked next in
activity. 3,S13 being sold at an advance
OF 4 5.s. despite tho shading OF prices and
disputes among the trade pools. Wa
bash sSrosc 9 3-4 upon sales OF 2,O06, and
the Rock Island issues together rose two
& to three points upon sales of 1853 bonds
Union Pacific convcrtibles Wero active.
{ but lost a fraction.
a contrast with the bond market was;
afforded BY the stock dealings which
included many shares OF the strictly tn
vestment class. which are seldom dealt
In and almost never for speculative pur-5
poses. Tho temper OF the market, how
ever, is best deduced. as usual, from the
dozen active properties. which, together
Contributed I 1896. oa3 shares OF the total
Is .1O4,94O This lis about double iastsyear's'
y dispirited business. but falls below 19c2.
Among the dozen there was but one de-
cline. sMetropoIitan--and it$inust be adj
niitted 10 be Justified by d report which
shows "a large and increasing deficit upon
the eve OF new and severe compel ttions
for a volume OF buBiness, which VIII not
DO Increased by an increase In the num-
her OF companies to ID vide II. Reading
\ was bothSthc ost ctivcs and the strong
est stock. rising five points. contrary to
trade Indications and upon an nccumu-
8lative movement which attracted many
buyers who will be easy sellers Steel
preferred was second In both activity
and strength rising 2 7-s. and also CON
trary to trade indications, but With O
lively sense OF benefits to- come when
price cutting and pool quarreling shall be!
over. Other changes were all advances,
hut so moderate az to attract little Mt
Stent.on. Indeed. rise OF y one eight in
i Southern Pacific ,nigh t Indicate some
suspended ANNA ttor accompanying an
approximate level ss OF q value and price
pending developments
@ Sales for the Week.
WI VI 81 ss5 ~ ss Shares
Stock, week ended Sept. 3...... 3.10i.a40
Same week last year. 1.5106S5
TO date this year. \. q. 4. 6,a46.3lo.
Corresponding date last yea ...1 ! 2,4s9, 9'5
o Par Value,
Bonds for the week y. !. s. 4. $40, fb1 400
Same date last year. 5.52l.Qoo
TO date this year II. n. 452 S5I SOD
4 Corresponding date last year. IS s:ost,25
4. In detail the weeks dealings, compared
with those Of the corresponding week last
year, shows: ss 8 Il a1
u STOCKS glSIIARlSS).S
Sept. s. '03. Sept. 3. 'O4. Increase
Railroads. ~. 9so.1S1 2.a56,749 1.267. 56S.
51ndustrials. K, 5al.354 s4s.l9l 326, ss7:
4 Banks :. j. ,6Q 10 5s3 Sc ~;
BONDS lPAR. YALU n. an
8 \ II Sept g. '03. Sept 3, 'o4. Increase
Railroads y. s349s, 900 S12, 10, 900 S. 612 900
81ndustrlals,. Q Oh 900 is, $40 800 ] ,656500
Government 5000 1856. 900 4 2,359, 900
State /. M. Is, 5000 $500 5000