The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-08-22
.STOCRaR|.SE.H HAS.
RE.AC ]. !. D 1 VI |
$SllrcWd# Observers Bclie'ye Il tie
Advance Has Gone Far
Enough
PUBLIC INTER 4 A 4 X !: .
sScnsatl BRiscSili Great Nortas
crn8Accoillpailicsl Rsulnors--Nf i c,y A.
Dividends Are Expected s3s3
- -. n
nv AIr,socinted ! 13rcs1s,s..)

NEW 6RE YsXusuustI sli~Trading on
the s took q TIxchang go was S rcnla rkn ply
honyy today, although somewhat below
yesterdays large volume. The market
manifested 5brouder tone, opera lions en-
bracing d number Of minor issues In the
railway and Industrial groups The Fl mr.
rfnan stocks were gain decidedly nc c-
tive with ID tendency toward q llen IN eess,I
tho tresul t, apparently u Of further heaYy
~ 80 r',o =,
II OBSERVATION-DISCLOSURES I among further Issues
which were prominent In last week I'D Z
&Vrrce. ,Therc was Z. removed talk OF In
4 creased dividends In d number OF Issues,
" namely AtchlsonsS Reading III Penn ~ MA.
u md the lntter'a] AFFILIATED Y, lines. q. Extra
dividends were "a announce ed 4, by Federal
Mining and Smelling, control Of which us
held byS the American Smelling Company
8nnd w the Republic Iron md Steel Conn
%r,nny. Tho disbursement by the, latter
company was In the nature Of q deferr
payment on the preferred - toe ks. 4 .58s
SEssg Indications pointed to "a n ava ening Of
I interest or the part OF the public, but.
this Interest has mot yet assumed sufil-
u tIcntlp large proportions to- be reckoned
asJal factor N Az y; AZ H S
ADylng orders AZ we're IA once n more v rl.l-
mefous ut the opening, and from all a 81
counts, stocks were well taken Save for
4 the Initial dealings In United States Steel.
there was an abserec Of the 81 pr Nious
days wiGs N opening. v The Ia opinion Of
Ehrewd observers was that tho advance
4 had gone far enough for the time. and
ino.lc; to reaction was ooked for
n The money situation came IN for more
8sericlls considerations, the rate or coll
loans advancing to 8 per cent, yesterdays
high rate. early In the afternoon and to
a t.gx ffsaul 1,,ttf.
district in general showed further recess
slons. Practically all n over yea loans
were negotiated at O. per cen IN $:8 y
tx a sensational rise Y in Great No thern
8prnfesred was accompanied AZ by re ports
that the deal with the United States Steel
I Corporation for posBess sion OF the HI ore
III peTticsB In the N Invest is In process
4 or CONTAMINATION. S No confirmation Ct;
tile story waa obtainable during the mar
ket sc5s.on, Tic great bulk OF he days,
4 hIsiness was made up & OF halt q u dozen!
& Issues. Amalgamated Copper, CO lorados
Fuel Great Northern pre- fcrred, s Penn
number Of high records for The year we're
mace Ii, the course 81 the8 day. III ss
Railroad bonds were irregular. In gov.
4 ernments the new 4s&S advanced 4 Ia per;
cent on call: total sales bonds par val e.
4 S. SIS. % 9. 5$5 The v total II sales OF S stocks
amounted Ia 30, coo shares. ,55s
4s3 NEW YORK. August q. ioney on call
strong and higher. 1870 e per- cent
ruling tate. "a 1-2: closing bid IL; offered
II c. Time loans strong; SIX days, 8 Il J;
ninety days. s a-4G6: six months. 8.
Prime mercantile pa per, 1-2J6 per cent.
Sterling exchange weak a I 4.Sf45G5S4 sabO
fora dcnnnd and at $4.siGo for sixty day "a
Bills Posted rates, s4.e2 1-2as4.s IS Ia Corn-
E'mercIal 8 bills, $4sla s4.s1 Is. Bar silver