The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-09-18
GOOD RECOVERY IN
DAYS STOCK list
-----------
Vigorous Upward Movement III
Face OF Some Unfavorable
Factors.
MARKET APPEARS oVERsot-D
Proceedings in Standard Oil Case
Discussed, but Effect
Discounted.
MARKET APPEARS ovERsoLD

NEW YORK, September i7.---s.oS'hs
h.a good recovery to-day ana e,ie
,,trorous inward movement was ~
force OF some nnfavorable tao,'.s'
ra,1,er of realizing of some u1''''
able happenings that had oeen
viously acted upon in the 'p'' ~
.a,.rao movement of prices us u :
et,c,, occasions was responsipls
NJ small Dart for the brisk 49,,
nj the day. Operators IN stosns inr
yery busy discussing the resuii ..io,.,,l
~ the proceedings in the ~,
" sn,, against the Standard on
r-a,,,,,a,,v hut IL was evident thal ~
inny course of preparations loi
occurrence had exhausted the "a.
nants. The same was true Oh lue
ciosur. in sworn tesumoh! Nv
of the preoarious state or hehi.n
foremost capitalist in the coppv ,,,,,.,s.
d,tstr, that persons serious lil.t.ss
ta,.,,ie heen reported and eXagsera teo
~ ,6e point of an alleged fatal yer
,n;,,tion many times In the couse OF
f;le recent bear campaign. me iasts
ss now learned were given iai ~
t.rpretat!on of the whole course W VIC
market in .Iuly and August, my nc
IL. IN short gave every evidence OF
bei,r oversold a confirmation OF
mis- was seen in the loaning rates iol
stocks some of which COMMANDED a
small premium in the loan eroWu.'
This fact was only accepted lol 10
tr,,es value to-day after prices 1uineu
upwards. and it is iaNorlte .snl..
tn a fouidating market to borfo"
stacks for delivery to avoid the trans
fer of holdings in the name of inilueh-
,ia1 holders and give the appearahSe
"a, the same time OF short INTEREST
IN the market. The bears have is
nored the Significance of the demand
IN the loan crowd so long as stney
have the weak spot in the metal Sc
curities to help in forcing prices
downwards. With 5elief to-day for
that weak spot. the influence of the
strength for several days. ana lhe
list asserted itself Throughout the
whole market Sentiment was hn-'
proved and greater commence was IN
pressed that a level OF more effective
demand was being approached Whicn
gave promise that the market would
right itself. The conspicuous strength
of the Hill stocks was evidently due 70
assumptions of the benefits to flow
from the. higher divided; distfi6ution
to Burlington b stockholders Union
Pacific shared in this movement, all
though in lesser degree. Continued
unsettlement in the cotton market
was the indication of the reimbursement
going on of earlier nnfavorable view
of the crop prospects, money oti 'ai
here continued firm, and there was q
stronger tone in the time loan mar
ket The feature of the money mar
ket in the large supply of mercantile
paper and the high rates commanded
by all but the choicest grades. Bonds
were Irregular. Total sales, par value
SITS2. 000s tssaG so r.
United States bonds were unchanged
Total sales to-day 10000 shares
includngI Copper. $4,000: Smelling
Al 900: Sugar, 400. Tobacco preferred
100: Atlantic Coast Line. 100; Chesa-
peake and Ohio. 700: Louisville and
Nashville, 100; Norfolk and Western
200; Reading. 5000; Southern Rail
way. 200. do. preferred 100; Union Pa
3 cific. $1,000; United States Steel, 1850
NEW YORK, September 17,-Money
on call strong 3 S-405 per cent
Ruling rate, IL per cent; closing
bid. A offered at 5. Time loans slight
ly stronger; sixty DAYS, 5 IA per cent.
ninety days. 5 "a TO c per cent; sis
months. per cent, Prime mercantile
paper. 1-2MT per cent. Sterling en-
change easy. with actual business in
bankers bills at s4.S5ioM4,s5A for
demand and at s4sSl7on4.S175 for six
$3.50 3-4d4.S1 ga" Bar silver, 81 SIS
Mexican dollars, So i2 Government
bonds steady. Railroad bonds irresu.