The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-10-29
PRICES in EARLY
DEALINGS STEADY
Business Is Moderate in Volume
During Day and Market
Is Narrow.
IMPENDING GOLD SHIPMENTS
Announcement Of Changes i'll
Rock Island Not as Com
plete as Expected.
BY BRoAnAN WALL.

when Steel common selling at 59'4. some
body guessed" that the quarterly earnings,
predicted Issue OF ooe 10 s4S 0o0, Coz. The
ps o w"nderlmy 9osH the oss
so Ions ~ officials can find any kind OF
2 stock market to trade In. directors can
ing important meetings.
M prices n TIC early dealings steady.
Union Pacific. Reading. Amalgamated Cop
per sai''nu "a > y, 81 more, anu wniie me
I;uniors OF impending gold shipments later
factors. It being argued that import of gold
Re,s n'T ana F If ~S eoninpe d WoSld unaobtedy
cause the Bank of England to increase It's
Word was received from Washington that
Senators 0'Gorman and Reed had finally
regional reserve pank plan, This throws The
balance against any compromise with :hs
amendments suggested by bankers
Largely Professional.
largely professional and the market was
10 react they slid on readily enough from
to points rs. pseinins markets breed reed
that Mexicans had fred upon an American
snip.
icnt OF Rock Island were not as complete as
anticipated. II IS understood a representa-
chosen chairman Of the executive committee.
ssnccecding W. H. Moore, and THAT -. 6.
for tho appointment OF a receiver for the
promotion that huH gone wrong.
Closing prices we're unirersally lover
Southern Pacihc and Union Pacifc all lost
point or more. Amalgnmn,ed COPIES, fail
.vttn the rest OF the list.
Bone dealings We're again In large vol
,ained. American Telegraph and Telephone
convertible iiss were noticenbiy weak with
The engagement OF $50 ooo 600 gold for New
York marked tho resumption OF imports
don market WAS engaged with the fortnight
" settlement. carrying charges on American
ing : per cent Tor Stock Exchansc loans.
Increase In Earnings.
earnings FOR September OF s$o3, 600 converted
into a net decrease OF sS20 600 by high opcrat-
increase OF s3j7 cOo and a net decrease OF
si5,ooc. Delaware, Iaokawanna and Western
had = gross Increase OF $3.50 net de
can money ruled q, az per ecu, against
continues with a loss Of s2.ioO,ooo the day.
ter. published shortly after the close were
s3s $4,000 The figures were some ss,oooooo
All hopes for a steady Improvement in
prices We're knocked ia the head by to-day's
Bull markets. that cannot withstand the
first shock are rarely allowed to remain nor
Currency reform is moving backward gold
fe:ports al this time are menace, not
help.
New York october 2s,-rraIine in stocks
to-day dragged along unevenly. ending With
losses for most OF tho speculative fnvorites.
The opening Irregular with easier
t.cndeney aud prices moved upward until the
list ranged well over yesterdays close. In
the afternoon this trend reversed, An
noGncenent that coo South African gold
had been procured in London for New York
held ir-t place in the days news. This en-
Engenleat OF gold forecast by the drop
in demand sterling. Litter there n
dencv 10 revise first impressions regarding
expressed that further bidding for gold
~ America might result in advance in
the Bank OF Englan6's rate OF discount.
The supply OF stocks on the late decline
apparently came chiefly from hears. This
selling WAS hccNtTuned by reports that tho
quarterly staLone4t -ofsUnited states Steel
had been predicted. When tho statement APP
peared IL that these pessimistic
predictions had some Justification. for the
earnings OF SIS $50 0ol were somewhat smaller
than recent estimates. Union Pacific show
81 decrease IN net OF $3.50. 0Oj, and South
crn IaciHc 81 $4,000
Further shipments of funds to tho interior
probably was responsible Tor stihening of
money rates to-day. can :oans renewed at
y. per cent. an advance OF L.
Bonds were Irregular, Rock Island issues
were lower. Total sales. par value. 81 800 900
United states bonds we're unchanged call.
Total sales wrre 21i'0c shares
Nsw York. october .S-Money on cali
irater - S'.g4 ruling rate. Si2: closing, 3t.V
!. riiue loans. firm, sixty days. ii.a g.
camille paper. 5is0t'4 Sterling exchange
steady ~ $751; Tor six;y days and at 81 S525
ior dsmanG. Commercial biiis sis Bar sill
bonds railroad bonds IRREGULAR