The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-03-24
'BEAR0RAlDH SENDS
PRICE LEVEL Up.
Shakes Gut Weaker Holdings So
liffcctually That Hcaltlisof
Market Is Improved.
MORE ABOUT IRON ,:l MERGER L. R E
Slump iii Last Hour Followed by
Sharp Rally Carrying Closing
1Tigurcssto tic Top.
my a ssociatcd rress.)

4 ~ I 4 Z Il
(ByiAssociatcd rress.)
NEW YORK. March 90. Tho bear party
4 fell upon the stock market IN the carry li!y.
dealings to-day and raidcd prices III al
directions. The result WIS . \ shake 4out
the weaker cluss Of holdings so effectulal-s
~ that the health or Tho market sccm %
considerably improved, and there y were
4 substantial rccovcrics. Ialere was q very
notable revival Of some Of the ru1nors
which have figured III tho speculation iofs
tho advance when the check to the &C.
& cline was effected today. On the rccov-
cry TO- day the story was heard OF n conf
4 Ing merger OF Southern Iron comp n,es
ailnough new auspices for the proJect.
were presented. The professional eicmef y
amongst the operators seemed coh sIlll. e.
Il by tho events or tho last few days that u
II considerable decline In prices wa . befo,e
! thsniarket still. This served to encourage
the organization Of the Dear party LILY, hnh
the elaborate scale OF operations on WHICH g
they proceeded. The extent to which inc
reaction had run at the low level q tl Ets
morning induced caution on Inc pn,rl y, ~
q the bears and prompted large covering ~, OF
II short lines. The manner In inch the
4 rally was extended also suggested that Y
considerable element amongst the PRO-
fcsslonals had turned to the long s "a
IL of tho market again on the assump ton
81 that tho market was ripe fDr4iL, further
4 rally. The days fluctuations, were almost
wholly due to such consids 7, tons ~ y
4 Ing OH values played little part IN atLe INC
market. The time money market became ,l
II easier, and the bid rates for I, short timc
Il III the scrutiny5of collateral for loans is
reported, and this outlook imp pressed the
n belief that stocks are not yet read ys.Sfoi.
any strong resumption Of the p ward
N movement, and rs q consequence prices
moved in ali unsettled way, suddenly
running on during the tnal hour IN some
cases to- the lowest Tof tho day. and then
4 railylng strongly and closing firm Mt about
& 81: Bonds were irregular Total sales. par
4vale, $3,7a5, o0o. United States bonds were
Il all unchanged on call 35 III 533 i,gi
The total sales of stocks for the day
# were 1,43o, 800 share L, ss
iONIcY AND 1cxCHANG l-cLOsE;
elaaeg 4 3D. &. s a pff fs"
& J,cr& cent; time loans. easy sixty. days
and ninety days. g 1-4Gfo 1-2 per cent; six
paner pes pn s.epna
BANKERS Bis At ,i Is, Isl IS for demand
\ md at s4.sa.$ and s4.8is5 for sixty day
y si.si 1-ed4.s7; commercial b!ls: s4s31-2.
II Bar silver. Il rs; Mexican dollars A s-i5
RICHMOND STOCK MARKET
Richmond, Va March .. 1901. s y.
III SALES. 81
Virginia Centurfes--4oO at 9ss4 oooaat pe....SS
Y, City Hanks at BIZ 5s5;s 81
Virginia Carolina Chemical Co. preferred 1s
Il at lg7t: "a g; Sis
STATE SECURITIES. Bid. Asked.
North Carolina s.. CT, 1918. 80
NeN 6; \. 81 %
S5SgGI1tY sECU Rl1IES. " 4 tx
Il Richmond City. 1885 ............... LOT
BONDS 3S$3f NJ ss
Atlanta and Char list ~, r.. 1901. los -.
~ c. i. r.. II. Con- Tr.S4 p. c. ~. i0I s. ISL
4 q c. Sc. Certificates y. lnd. 4 q. 80
sors g. p pas I. &; 81 ~;
q Ga. a.. and md Ala Con 5. ISIS IL
and " 3 , ., +: 2;
Rich. AMI Neck. LIST a. 1ass SO
Florida southern
RAILROAD STOCKS. Par. III
NJ Atlanta and i Charlotte. !. 100 165 ~.
Atlantic Coast Lane 81. lo9 40
Atlantic Coast Line pfd y. ~. 100 1a3
tiantic Coast Line .. J. 100 40
4 chesapeake and Ohio. 400 bs
oi and .'' and r. and Il Con-. 70 @ io
u 6eaboarl Air. Line pfd ioo V
,.sAsli AN y 'rkUsr co. STOCKS.
u Dank or Richmond !. 100 l,5 =. M
American National +. 100 l.o ~ -.
Broad Street Bank IS ~
First National. y. Z. 100 20 3 &.
National Bank OF Virginia 100 12S 3j =. M
4 Petersburg Savings and lns 70 70 =.
a state Bank OF Virginia. 100 l65 t
n Union Bank Of sKchlnond. 10
Virginia Trust ( co. 100 IS
INSURANCE. COMPANIES.
U Virginia Fire and Mar!ne.....,..,3 4e -.
5ss 5.lsCELL.ASE OU US. FAX 5
va Car. Chem. pfd.. 100 l07 los }
Va Carolina Chemical conl......l0J SO rs "a a
Il Va Car. G. Co. Col. Tr. 8 p. c.,.... 100
BALTIMORE STOCK MARKET,