The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-10-26
GREAT DAY
FOR STOCKS
Union Pacific Runs High and.
Is il, Great De
lnand.
CAUSED CAL 81, MUCH Jl:;lF COMMENT &C Ne:
Railroad Stocks Are Leading
]'caturc--Bonds Proved
Irregular.
tpy Associated press.)

( a i
NEW YORK. Oct. 25.--Union Pacific
sold as high us1la to-day, and tile nggre-
gate dealings III that stock footed up 800
500 shares. These astonishing occurrences
were the central facts from which all
others radated, and there Is little LETT
10 say or the market except in terms OF
wonder at the dimensions and It's cratic
variety. The final break was from II rush
to take profits on the days nervous trad
ing and on n bear raid. There has been
d larger number of shares ola single stock
leaiL4in during one day than there was
to-day OF Union Paclllc. IN Iact, t !, ~
stock Itself broke that record on .Al'rit "a,
1901, when 6B2SJD Hhares were solp % ~
Stock Exchange. The world now KIM
that competitive buying IN retaliation 10. 10y
the effort 10 control Nortnern fhe.li y, was
the cause OF that titanic strueBle IN l.c
open market. On APPEL 10, l*l-, tteIe were
Sj,,5ll0 shares OF Southern Haiiway &dealt
In on tho Stock Exchange penu.ns w
settlement oil control of Louisville y. ana N
Sa.hyiiie in the general interest OF ts-c
Southern Railroad field. With these eS-j
ceptfoiis to-day's dealings III Union r ,
assertion that the retirement OF tie Ore
gon Short Line Participating ppnus nhd
been determined on was the exciting ct, ,1ag,
Of this 10y, he
from any Official sources u was ~
i .,ilned III spite OF emphatic oillclal uis-
chalmers, that settlement OF l!ic ~ ~,
Yern securities dispute ana IL community
g OF interest In the traHscontinclltAi raliIoau
world was Involved. The bouyant rise III
ST. PAU was regarded as corfoporalSt -
this assumption. The market was SUP
jscted 10 5enUrElOua proht- thn.ng throusn-
so,lt the day, and the result was Constant
4 irrcgularity and occasional sWeahneSS. ~ ~
eng agemeTt ut gold for export Increased
tho Dllrden4 or selling, but the confluence
In tiefinarket did not seem TO be IMPAIRED
ut once by these Developments ana &tn-
scntilty was taxed 10 DICK out new points
! for aggressive buying But when AZ
days unwleldyN commitments, Inc 3Ruit.cr,
.iiJie position of the market developed ana
prices crumuied rapidly. the ga m most
cons ccutiye gains were wiped out with q
Frusfl, and Union PaclilciS net gam proved
small. Losses were the rlie, running ~
Gbet tween, one and two points, ana Even
more in many cases. fhes CLOSING WAS
decidedly weak and without recoVe.S
& Bonds were irregular I6tal sdieS, pai
value. l,OiI,yO; United Stalts bonus VIZ
unchanged on call. s5. 4, ~
1.-THE total sales OF stocks for INC gay
amounted to 2,Gl5,5G0 shares.
MONEY AM EXCHANGE: Clos
Money on call steady at \ BAG Z per ca'.t., I
closing bid, 1-2 per cent; Oitered ut
rer cent !: time loans easy and dull; sixty
days, 3 per cent; ninety days and .sta
In0nths, 3 IL per cent; prime lnercahaltI "
paper 4fI5 per cent. Sterling eScianst
iirm with actual business m5bahkers :, pi ),
"a ST. sgsI 81, for sixty day Bills: ppsni,Su
rates. s4.sfl-o and S4.sf: commercial bills
81 81 E-SSi1... 3-3 Bar SILVER, os l-a; Mex
,.nu& dol lars &c XII 49, 5J&4s