The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-09-14
Wall Street Gossip.

Especial to The Times Dispa tch. J u.
NEW YORK, Sept. y. at the opening
!. certain and In some cases there was a.s, 81
q day. Tv, trading was In noticeably
isauos and the commission houses were
not greatly represented IN the trans
actions.
@ To-day's London market for Americans
WAS somewhat Irregular. butein soino
cases were triie above parity. as
transactions were for the ilews account,
z tho advances scarcely represented inc
contango OF 3 IL per cent.
3sf Ccnsrls were ST eady, but j apaneseF con-
II soils; dated SIS. we're inclined e sell on; =
The Increasing uncertainty as 10 he
duration Of tile war In the far East was
making its effect fel I In those Issues.
The general expectation that the mar.
oncning was realized, y though the extent
OF It WAC probably smaller than hoped Peg
! for. Tho effort to sustain the market
Prices there were fromfl-l to5l-2 higher.
Soma OF tho professionals who sold yes
teday were inclined to buy back few
stocks at the start a1'o s somns s. hn
through the reaction or az points fur
nIshed good opport,Hnity fGn lqWer's
when the curb PRICES showed big rise In
\ wheat, stocks sold on
eo s2ut soa a eioss ase hsh
prices. They did AZ great deal TO sis-
iaip5the market and TO encourage rallies,
espee,aly pennsylynnia when MT !. so,d np
OF the two stocks and the buying OF
each by imlarS ntercst led TO ~ re-
syival of the old reports that Pcnnayl-
yanla was getting an lQtesest N inc ne,
Southern Railway.
United States Steel preferred ,nuctuated
{. over. a. point range, with a rise Of ~
then an irregular market and finally q
new low level It was one Of the most
active issues. There was good buying
scheduled for to-day, will not meet until
Thursday. This fact With the rcport o {
4 dissa t!sfnctionoyer the billet rate. caused
some of the late selling OF Steel.
Tho market quieted down somewhat
during tho afternoon. Waffle prices were
generally flrmer than during 'l: th1 early
y able stock came out whenever prices
4 selling In st. Paul and the otlei. West
tic belief that the spring wheat crop.
! tho possibility Of early ,frosts;& would!
prove to heeysn smaller than indicated Sa
bears argued that railroad earnings
would he seriously affected. and on this
3 theory sold the Changers stock.
4 IN spite OF the advance In PonnsyI-
wanna. the market at the close was not
g particularly strong.
some stocks held we'll, but there seemed
to be plenty for sale on any real rally
except perhaps In United States Steel
( preferred. sfi
4 were for tho most part buyers of stocks.
The American locomotive Company
has received an order for twenty locono-
tives from ono OF the loading railroads
This is one OF the largest orders recently
4 placed, and is regarded az indicating I'M
provements In the locomotive BUSINESS.
The street WA S Inclined to regard the
government crop report as inttho main
satisfactory, the outlook for a large corn
crop being regarded us mn Offset TO the
extensive damage to Spring wheat. plle
larger grain houses figured that two
thirds OF tho corn crop has reached q
stage OF maturity where 1t can DO con-.
siaered as safe, and that only one-thild
OF the crop Is lable,to suffer any eXten-
the spring wheat has been harvested
u and only a small portion of the crop is
z open to any further damage. II Is esti-