The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-10-08
N eW Y ork
Stock Market

ton lapsed into apathy to- day ant
prices vfbrated within narrowint
range. There was an appearance o.
strength at times, but the efforts e
advance the prominent speculative
stocks met with the same kind OF OBJ.
stacle in the form OF free selling as
earlier in the week. This had a like
discouraging effect on those efforts
Some of the specialties held up, but
without much beneficial effect on the
general tone. Outside the spectalties
the price changes at the end OF the
day were trivial.
The strength of the copper indus.
trials was basei evidently on advance
\ knowledge OF the character or the
\ monthly report OF the Copper Produc>
ers' Association. AS soon as that was
published, the advance in the coppers
also came to halt, and the whole
market fell into stagnation "A reiuc-
ton OF 20.000000 pounds In the stocks
II OF copper on hand made an imposing
! showing on It's face. but some disap-
which that result had been achieved.
as shown by the details Of the report.
Deliveries into domestic consumption,
in fAct, showed q moderate falling or
| from the August total, the increase in
total deliveries being wholly due to
an expansion of upwards of 13,000,000
pounds in the. months exports. The
maintenance OF such ratio of demand
from Foreigners is not sufficiently as
sured to be confidently counted on.
The 100000 pound reduction in the
output for September from the high
less In September. indicated no suci
rate curtailment OF output as has been
hoped for as result of the efforts
he principal producers. The, effect of I
he report was to arouse. doubts of the
fciency of the supposed arrangement
o cut down production.
The prominence -iven to the copper
eport directed fresh attention to the
nited States Steel report Of untitled
pnnage on October 1, which is to be
nblished next week. Weakness of
PINE of the minor steel companies and
the railroad equipment stocks gave
unfavorable impression OF steel
ade conditions.
Preliminary estimates Of the weeks
pw Of nearly 100000 cash from ,
Nv York The loss to the subtreas /,
y for the week was -educed to less
an $1,00oo0o. w. shipments to the y
er those of last week. The require ;
snts OF the crop movement thus far
shown to be dissatisfied This a
owing is held to explain the eau f
putting out fresh credits during the i,
elk in spite of the relaxation Of the
mediate strain of the October money n
Elements. The cash showing. in fact. 8
Expected to be modified considera bly, 4,
the nearby movements of money
owing the adjustments Of the Octo- o
payments. The discount rate was X
Ter In London, and the Bank of III
Gland is increasing its gold hold NJ
>. put there were cabed intima-
that the bank would borrow from :,
money market to make its discount ..
effective. The settlement OF the y,
|
ngthentng factor for London stocks. 81
the situation In Portugal lost its
er OF depression on foreign mar
pnds Were steady. Total sales. par o.
e, $1.9s9.000. United States bonds Nc
unchanged on call De
tai sales of stocks for tho do, ia
273.4O0 shares. ''S Fe
MI
" York. October Prime mar Ar
le paper. 1905 per cent Ster- Ma
exchange steady, with actual hns- Ju
in bankers bills at s4,s3IS6 Ju
SO for sixty-day bills, and at S
20 for demand. commercial bills val
1-2 @S4S3. Bar silver 81 Q gul
gan dollars. As. Money on cali
IM2 3-4 -er cent: ruling rate, g
closing bid and offered at 10 cell
emf. Time loans firm; sixty d.vs 90
per cent: ninety DAYS. / 5SS pal
SIX months, 4 1-2m4 Al nov u