The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-09-26
TRADE IRREGULAR
AND PROFESSIONAL
Stocks Close at Rally, Which
May Indicate Late Decline
Has Run Its Course.
ALASKAN MINES FIND FAVOR
American Can Loses a Point, and
Peoples Gas Falls Four-TeNas
Company Drops Six.
nY BRoAnAN WALL.

New York. September Stocks closed at
a rally from the low. which may indicate
that the decline OF the last few days has
run It's course. Irregularity and professional
trading were the market features supple
4rented by news in :hc main unfavorable.
The selling for London account. the feature
OF the previous day. entirely absent
ana foreign houses bought 5000 AmalSa-
mated and about 10000 shares scattered
through the general list
ALASKAN gold mines find favor with the
trader on the theory that after the disas-
California Petroleum there would be little
danger OF abrupt decline Immediately
after the listing of this latest graduate from
the curb The stock from 2i%. to "a.
American Can lost point on runiors OF
impending government suit while Peo-
pies Gas. that recently entoyed an advance
loea.. fell from l.Si., points. but recov-
cred the entire loss shortly before the close.
Texas Drops Six Points.
Texas Company dropped points. United
shares are referred to as Gates" stocks.
his remark. bet you million" His son
is making a record for hiring fast trains
and getting anywhere. An uneasy
feeling Is manifest on the Street regarding
the future OF these stocks.
The specialist IN Reading had book full
of stop-loss orders that ran from 1851: to
lG5. Il is reported that Baruch made u drive
at the stock tina, brought these stops into
play. smashing the price to 1eI There was
a feeble rally OF Z point at the close.
All the good feeling appears to have gone
out OF Union Pacihc and the street is filled
with rumors that directors are at their
wits end as to what they shall distribute or
how IT shall be done. Ths Is fruitful
source OF speculation for tho room trader,
who tries niTnby to catch the public COM
ing and going as they attempt TO change
southern Pacific Weak.
Southern Pacific turned weak, and foreign
past offered the shares to-day. The publica-
ton OF tho August statement, with net
decrease OF 1915 000. decidedly unpleasant
steel common moved within marrow limits
closing with n slight gain. This is stu a
favor.te issue with the short trader. and IT
IS believed that the bears have cxtcnded
their position within the last few days In
this stock.
The August Atchison earnings showed a
net decrease of sl3s 500 and II rumorcd
that Rock Island figures Tor the same
months would show an even greater de-
Banks Continue TO Gnin.
Local banks continue Ia gain from the
taied 10y the recent deposit of government
funds that are now finding their way to the
Eastern banks.
FOR the frst time in many weeks tho Bank
Of England showed decline in reserve; Il
decrease in bullion and an increase In loans.
The Bank OF Germany made a more favor
able showing. and the Bank OF France gain
ed some $2Sr0.0eo the week.
There Is strong disposition among com
mission houses 10 withhold the expression
OF any opinion Oh the irlmediateH course OF
prices The market is neither nsh. flesh nor
fowl. and until directors cut at least ono
Of the promised melons the foreign sit
uation clears. there Will he little inclinution
TO open fresh trades.
New York September :5.-Stocks moved
upward briskly ia The first hour OF trading
TO-DAY. The course OF the market suisse
Guently illustrated the difficulties which
stand I'm the way of successful operations on
the long side. Before the morning session
half over the early gains had been can
oelcd. Tho market thereafter WAS heavy.
There was no evidence of aggressive opera
tions for tho long account. which apparently
were held in check by the uncertainties OF
The political situation both here AMI abroad.
The effect OF tariff and currency legislation.
damage crops and the fail demands
the money market to he rcckoncd with
~ home. The financial situation in The great
European centres stiil arouser unensiness
day strong one. showing Il reduc-
tlon OF more thhn pea cent ~ the proper
uon OF to liability. = .hr,her reduc-
tion is not improbable next week Selling
siderable factor yesterday. but to-day as
many shares we're purchased by London
We're unlosdcd yesterday. Texas company
and United states Realty sustained severe
losses.
Bonds were irregular with signs Of waning
interest I'm the prominent issues. Total sales.
par value. Si525.C30. United states bonds
Were unchanged call Total sales
81 900 shares.
New York, September Is Money on call
easier at - as. ruling rate. %. closing ~
;. Time loans, easier; sixty days, 4i<Iii-
ninety DAYS. ii.HiS. sin months. i..Ui.
lrime mercantile paper Ja.g5 per cent.
dag bills ana AZ $3.50 for demand. Com
mercial bills. sislSs. Bar silver GiA; MeXi-
can dollars, g. Government bonds steady;
railroad bonds Irregular.