The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-09-19
: York
took Market

&c., - 1oTk, september lS--W all
get suffered to-day from one of it's
quent attacks of nervousness. over
s uncertainties of politics. The source
uneasiness on this occasion was
N estdsnt Tafts speech at Detroit in
gard TO the enforcement OF the anti
nss law. Although this influence was
Isl II less strenuousiy than has fire.
\ entity been the case when politics
5 been guppermost 1t was sufficient
bring about sharp reaction in the
e ok market The handsome gains
y Eorded on Saturday We're crossed of
he list in short order when trading
Z was resumed to-day, Later in the ses-
] sion. however the market became
y stronger Losses were gradually re-
covered. and at the close some stocks
{. ruled slightly above Saturdays final
3 figures.
In spite of the mornings decline.
there was no important liquidation,
/ md the memory OF Saturdays rout be-
! Ing still fresh. bear traders were eau
tious. Business accordingly became
dull The declines were due to some
extent to short selling. the bears cir
culating various reports of what :he
I President would say in his speech.
s When the speech itself was available.
Z II was seen that the prophecies which
( had alarmed some traders had not
y been borne out. and there was an inn
= provement ip sentiment
Tint ACTION of the market was dis
ppointing to traders. who had ex-
ecteG continuation of the upward
icvement 1t was felt that in view
the enormous depreciation In the
larket values of securities from TIN,
4, Ugh prices of the year and the alb
1nce of causes for alarm over fun
antal ,Senditions, stocks should APP
81 .nd wa !stment capital sufficient
Rirbt ~, the rise of last week.
mistak. demand appeared this
whan H., the market seemed to
iiovn weight Suspension
ial institutions-one in
49, nd the other in Cincin-
49,. mn without its sentimental
"nu rnished ammunition of
quickly availed them
" ne her reports of govern
!" DOT against corporations &C.
eoh Jay decline in United States
'of brin,rnational Harvester. The
at the tsold down to 1ol "a, It's
oeclsionsf the year New Haven.
he 2:tary was exceptionally
VINO won aring more than three
2;l7 tr6 its recent heavy loss
-Pansy S'ading the issues swere
yer, first; is features of the list.
second. Bon and preferred stocks
2;l7 pac gains in response to
first; Gam,ht stocks on the early
V. third. perhaps $4,000 shares.
2:05 pac, recent financial condi-
Major pas reflected in the Bank
first; waItTeekly statement This
the Secon, rease OF S42.0Ooo00 in
2:04ls. cunts. apparently as IA
2:o-s.iis on the bank for assist
from institutions which were in
we'd in the entenglements which
ought about a crisis in the German
ancial world. The governments
tement of foreign trade in August
iwed arr unprecedented volume of
'orts. the balance OF trade in favor
this country surprising all previous
ords for that month. Agricultural
pments were not greatly changed
value from the same month a year
O. the increase being largely in 9TH
= products.
Bonds were irregular. Total salcs.
ar value. s1.457.0oO.
United States bonds were unchanr-
I'd on call
Total sales for the day. $4,000
Shares.
New York, September 1s.-Money on
call steady; 21s@2S-s per cent; rul-
Ing rate, IA; closing bid, ala; Of
tered at 2 3-S. Time loans easier: sixty
Gays, sos Ia per cent; ninety DAYS.
sl-4@3l-2; six months, 37-s6p4 per
cent. Prime mercantile paper. A3-l
per cent
Sterling exchange steady. with ac
1ual business in bankers bills ST
ai.sS25 for sixty-day bills and at
S4.e620 for demand. Commercial bills.
S4.sz IL. Bar silver. 80 SIS Mexican