The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-09-17
Wall Street Gossip.
;nccial "a ME Times-DIspatch.)

NEW YORK. Sept. 16-The stock mar.
ket opened fairly ac i've. rather dull and
Z only strong in places. Traders attached
more Importance to the reactions ,, OF INC
and were rather bearish early, although
they professed to trace good support IN
the leading stocks. Commission house or
ders were light.
Trading was In lighter volume and the,
market was generally narrower IN the
4 first hour than 1t had been fof many days
past. Stocks held together fairl.s well,
Ing orders looked good. the best senti-
1nent amongsrraders seemed ato be- that
efforts would be directed to holding the
present level until sentiment developed.
for Il further advance. + & IL
To-day's London market for Americans
was Irregular with tho active leaders IKE
Pennsylvania and the steel stocks heavy.
were steady and unchanged ard japanese
bonds rallied sharply from their previous
days depression. Tho general rlarkea
was steady without much feature Dis
counts were harder In Paris.
Pearl & Co. and CurrIe Bros. were the
leaders In the forenoon advance in Anal
Gamated Copper Some OF IN, the active traa
ed 10 be good supply OF stock IN the mar
ket.
United States Steel issues were decidedly
inclined to check and react In the carly
trading. London has hitherto been very
bullish. but arbitrage houses made profits
by selling steels short on Thursday, cover
ing IN London, and their attitude, indicates
a. change In the London position. The
Morgan following abroad appears to be-
taking profits.
Interna tional Steam Pump Co. mas res
I dnced the dividend on common TO half Of
one per cent. from one per cont. The
usual quarterly preferred dividend OF one
-t.rtp t,neAt RI
mon payable October 1st: books close Sep
TENDER 10th, reopen October Sd. Preferred
payable November 1st: books close Octo-
Der Goth, reopen November Cd.
A Chicago special says: It is reported
that only q few legal formal,ties remain TO
Z be fixed before formal announcement can
be made that majority OF City Railway,
syndicate Leading officials OF Union, Trac-
tion and City Railway make this state.
ment.
The World this morning says that the
American Tobacco has appealed directly
to President Roosevelt to have an order
of the Treasury Department regarding
3 that it Injuries the compnny's business and
helps independent manufacturers,
Acknowledgements sentiment fostered by
Helnze n Montana rules tho political
organizations Of that state. q
r., II. and P. June net increase sS,79l,
twelve months net Increase $S,iiS.
"a rumor was current yesterday In
Chicago that the Erie had purchased tho
Pere Marquette andlthe Cincinnati. Ham
llton and Dayton roads and would con-
solidate and operate them In conjunction
with the Erie system President thinner
man. Of the Cincinnati, Hamilton ard
Dayton. denled that there was any founda-
ton for the rr,mor.
The Daily Financial News this morning
says: The pace was q little too rapid.
The reaction has, though been simply a.
halt In tho inward movement 1t will
probably continue after n little lrregu-
lnrity IN the general list The market
will probably SO q little lower and grad
I ualy work up, The buying of Pennsylva-
mia. New York Central and Erie looks us
thought It was for very confident interests.
RICHMOND STOCK MARKET.
Richmond. Va. Sept 16, 1904.
SALES.
Virginia Ss--l, 900 at a5N; ), 900 at 051I
Virginia ECentures-9 900 at eSH 5000 at 96h;