The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-09-04
NEWIYORKCHECKS
SPENT |N.L0ND0N.
Tame Reception Of Peace News
Here Proved Disappointing
365 to Englishmcn.
SUGAR 81. CRISIS Il. IN FRANCE RAJ {:
All-Round Advance in Money
Rates cdncsday- Statist's
Review.
Special Cable TO The Times Dispatch and
Now York 1{prnld

Special cn6lss sw e Y9 g4s Tst Dispatch and
GoSpTybEtDn sep e. SeY n9Ft ta Iesn I'll GG
In many months London markets are
without the domination OF events In the Z
Far East and financial writer's. 30 long
used to speculation us to outcome Of this or
thotmoye on the part Of the adyersare,H
Why their predictions haven't come true.
IA In London the conclusion OF peace
ihe ytosk vfE xaSang s and
market but II has not been maintained,
and BLAME Is trown pplm iaa 90 on Ne%
duo 10 : 10 70 fears OF dear money and the re-
cent bear raid. Then, too. another factor
which has proved n check TO improve
which caused h great deal of forced sell
ing here ON French account. That this
check will prove temporary Is the common
spite OF 1t there has been an ndyanc N
gilt-edgcd securities az well as IN botn
Russian and Japanese bonds. me rise
bM per cent. In As, within forty-eight
hours after the. announcement of peace.
The greatest rise RECORDED IN Japnnese
bonds was ~ per cent. In ~ per cents ,li
The explanation youchsafcd Is that Rus
sian credit has more TO gain BY tho con-
cluson OF tho war than that5of Japan
rho rise In consols has been #1-lS over Z
last week. Anntlitlcs advanced a to u 'er
change until "Wednesday when there was
m all-round advance IN. rates. Though
this occurred subsequently 10 the an an Z
noahf not e,tu Except ndireetly
and attribute II more TO the sharp inoyf-
.ment on the Paris exchange nga y. w ~
country, owing partly to- confusion sexlsl
ing there through the collapse Oh sugar.
Loan Rates.
Speculation on loan rates stlitcned be.
cause stock Exchange pay day happenetin
| to be, the last of the month. Home ran.
WAYS have benefited by the renewal or
interest in stocks CONSEQUENT upon & t =, :,
announcement Of peace. ana soou t I,a,it
returns have helped their upward /. mo t.,,
Friday sent It's stock down u. II Is true;
! But the S,atlst looks for steady genera.
Improvement in this dapar; IN I, WEE
that peace viii stimulate trade a.. o Gs':i,
! tho world, Increasing railway earnings
TO a point that Will justifyt.an advance -
pi That wall street being In touch with
I,orts,no,lth at least TO q certain extent
| should have failed to make Dull ino Va
ment rs result OF the r sanlere Whiting Ing
n,,t ibat american railroad securities are
the only depnrt,nent.of INC m aI xe ~ ~ =
show relapse fof INC Wesh. ,nrtion,
have broken with tradition. ana JUS n mp"
appear quite attractive TO specniht OTIS ~.
Kafrlr circus had the fiAi sn ns, nrws VA
4 ment on inc morh 's et - p 5 IA 8
/ Ia Consiaerahlc reaction has since "
o,,rrn1 4 however as owing TO failures v
suting from sugar collapse Paris nec c'''n
Some unensiness exists on acco }I,t, 1. o =
4. rcnorts az desertions among inc Si, thnn,-
i on rand. but Notwithstanding se.u stnaa
i there is very general advance III Pttes00
4 Compared With last week.
The Prospect.
Discussing the prospect the stats. s sa vs.
.,As long as uneas!ness prevals ~ E ynr W
i nnd hears are successful IN new o,n =, r :
i ,hr.rca Will not be much upward " i a
hare nut as soon as the real TX AZ, r -. 80
q insscg in France nre Rscertaintn apn, Iii, III he
sion viii abatc and then 9tt n,l,s M rem
recovery Moreover. there si iannn, - very
SON to expect money vii n &c dcc Gin
in quotations, which IN some i, Gsin n,il, not
rcaaeiingiy high but the setback VII Io ~.
,ar,, orsat ana Will not las. loi.si
n AAf,cr n While there VIII De . soh kInI
inmnrovenent in business OF ev ,hsS q ncl;
tbnhhi ii in trade proper and upon me '''oN"
EThn Same Journal discussing t udvsrl
loa a ~ onsthc part Of the two iate auYe'
saf R,s s WILL 1t is understood; ra1 nNa "a
Il ~ I'm n Immediately after Ihe p m'ors
iatse Tns hcen signed. In go1d q ua..u,
.,SeiefFis that the loan VII p To- Ionn
d hat III Will be an CIV, ,ncnt
n'u =, subscribed for on the 49,, rk
f III we'll subscribed for N NV WITH re-
a ar - oderatelyi In this couh.I ,,medite
enect'' 10 Japan. however no -
loan isScxpectcu,& $50 g@5 n