The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-04-21
STOCKS ARE 4 / |ii !,
OFF AGAIN / ! |. | |
Market Very Uncertain and ls slug
gish Yesterday and V y !1lll
81 Business Small.
.pAcIFIcs TAKE I The I'll {: LEAD U: 40
Decision III Northern Securities
Case Largely Responsible
for Stagration.
. NV Associated Press.)

r1Jw YORK, April 20-Thc volume OF
business In stocks dropped OIL again To-
day. tic price movement Became very un-5
certain and sluggish. VI 81 ! ,s 3.
,rhe action OF tho market plainly indl-
ii Gated the operation Of room Aders OF
~ stnnl class and OF tlmtd convictions.
The new direction To DO taken by the con 4
a test for the control of tho orthern Paci-
D flc is the subject most largely discussed
by SPECTATORS, ana tho opinion Is quite
y universal that this oyertanglng Influence
'5ie the cause OF the stagnation III the
ir1arkc I. III ms feeling finds expression IN
London as well us mere, ana dlverts ail,
Interest trom american securitles. IN nr 1as
& to-day, hoWcv er, Cd 1t was "a quite notlceapic
that tile Pacitics were Inclined 70 take
the lead or tho movement. v.
IN The reports OF rains III the western por-
ton OF The winter wheat belt may have
had some influence upon tho group as
they did IN towering the price Of wheat cl,
ns the rest OF the list. The further dc.
4 pressionSin United states Steel Preferred
had an undonbtedi syinpatn etic effect on
q tie wnoe market and It's source and
5 motives we're not clearly understood. the
losses by the Toronto fire mace a minor
influence towards reacIion. The appear
u ance OF advertisements inyitlng,, DIGS ZOE ZOE
SSi,tUl,0JD oil sew YORK CT tSt bonds Was o.
mixed influence. TEls Is the largest biocki
b OF city bUnas ever oncred In one lot.4 u1id
d this is accepted as indicating growing cOn-s
z fioence IN investment demand for securi-'
q lies,@|Ihe export OF 81 ,ovj VOJ In gold was
little noticed 81 since the amount Is little
more than half or yesterdays receipts OF
s Japanese god. TO-day's reports OF rail-
VI road gross earnings we're poor. and the
apuUica ton OF the iron Ages trade review
Increased the weakness IN the iron and
steel stocks. The local itransAc ions made
some recovery from yesterdays decline
& and Consolidated Gas was affected BY The
h withheld action on legislation Affecting IL.
N The mark Il closed dull and weak. t4 lfi
Bonds were duila and heavy. 10 tai sales
coupon. and old As declined III. Wnlle me
" Is coupc. advanced Ia and the new -
5-S percent. on call. Si iA. VA I II h. s5s
5381 Total sales were 355.10j shares. including
!Atchlson, 1850: Chesapeake and Onio, Nv;
Il Chicago, d Milwaukee, ana ST. Pau, 1900;
Ere s. 100; louisville and NASHVILLE Y ,AA !:
4 Norfolk and \ Western 100; Norfolk ard
western preferred, lUj: southern r citic.
4 2o.4UU; Southern Hallway, 10. Southern
Railway preferred. ~; Union pac.iic,
ilyn RAPID transit. ll,ovJ; CONSOLIDATED
Gas. 2l.vpJ: Pressed Sleci Car. $500. Ten
iieesee Coal ana iron, i,cyD: United States
Steel, s,fv0; United States steel preferred.
7l.tl 355= } 4 & q Al s
rs MONEY AND ExCHANG E-CLosE:
Money on call easy al Ia per cent;
closing bid and oi.ered, ll-4 yer cent. (
4 time leans. easy and dull: thirty and
sixty days. i-.gsS bId; slx,monshs,
Il aaIi Y per cent sterling oxcnanee nrin
q wttR actual business In bankers pills at
p 81 4h7. Sd tor demand and Ut si95 24p
1850 191 s'ssy tsa
Il fi-SS&J4sso Id Bar SILVER, IS rs; Mexican
Il dollars. 43. "