The times dispatch. [volume] (Richmond, Va.) 1903-1914, April 03, 1903, Image 10

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The times dispatch. [volume], April 03, 1903, Page 10, Image 10
About The times dispatch. [volume] (Richmond, Va.) 1903-1914

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The times dispatch. [volume] (Richmond, Va.), 03 April 1903. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn85038615/1903-04-03/ed-1/seq-10/>

Newspaper Page Text

THETONE
WASHEAVY
Stock Market Almost Wholly
ln Professlonal Hands.
OPERATIONS WERE SMALL
Southern Paclflc Quarrel Kept Alive a
Fear of Speculativo Duel and
There Was Renewed Selllng
of Pennsylvanla.
(By Assoclntod Preaa.) .
NEW YOHK, Aprll 2.?The stook market
to-day contlnued almost wholly ln pro
fosslonal hands and there was a furtper
'dwlndllng In tho volumo of oporations.
The tono of the markot was hoavy to
weak throughout. Tho motlves whlch
prompt the professlonal oporators aro
dlflictMy to dlscem. The Southern Pacl?
flc quarrel kept allvo a fear that a speo
ulatlve duel mlght bo proeipltatod ln thq
etock market ltself with probably dlsas
trous consequences to many lnnocont on
lookers. Anothor dlsturblng factor was
the ronewal of liquldallon 7n Pennsylva?
nla, carrylng lt back to last weok s low
leVel. Tho selllng rocolved a renewed lm
potus from the Fobruary staioment of net
earnings, whlch showed tho exponses ln
creased moro than. twlco as much ns tho
lricroase ln gross earnings. Tho not eanj
Ings for two month's are ln consequenco
ove' ra mlllion dollars loss) than for tne
?a emtwo months last yoar. Taken ln
oorinoctlon wlth Unlon Faclnc's Fobruary
Btatoment, publlshed on Tuesdny, showirig
a decreaso in net earnings of $413,4.4,
thero is a dlsposltlon to surmlse that^io
recent llquldatlon in that stock may havo
, been by otlier than professlonnl bonr
i BOurcea. Tho questlon of tho nctlon to bo
. tokon by tho Wabaah omployoa followlng
the dlssolution of tho strlke Injunctlon ls
. awaJted wlth some concorn, aa was indl
cated by the hoavlness of tho wabaah
etocka to-day. Tho docllno ln western
Unlon haa no other oxplation than tlio
progross roported to be mnltlng towarus
. a commerclal basis by tho wlreless sys
tem. A sharp brenk ln tho local coppor
market affectod Amnlgamated Coppor.
Tho attack on Colorado Fuol was profoss
; edly based on tho proposed bond Issuo.
Largo customs jiayments, doposlts to ro
tlre clrculatlon, and somo largo mlscelln
neous collections resulted ln an absorp
tlon by tho sub-Troasury yostordny of
11,244,000, ln splte of tho government In?
terest payablo. This proved a disappolnt
ment. The statements of tho great for?
elgn banks for tho wook roflected the
enormoua reqpulrements for the Aprll
BOttlements. A. roflux of funds to tho
markot. however, Is now ln ordor, botn
ln forolgn money markets and hero, so
that tho lmmedlato money sltuatlon ls of
? dccllnlng Importnnco.
Bonds were wenk. Total snJcs, pnr
. Value, $1,000,000. Unltod States now 4 s do
Ellned % per cent. on the last call.
The total sales of stocks for the day
*fero 306,700 Bhares...
iiONEY AND EXCHANGE?CLOSE:
Money on call flrm at 6@>12 per cent, |
oloslng, 8 per cent.: tlme money, noml
nal; alxty days, 6\?@G% por cent.; nlnoty
days, 6(406^ per cont.; six months. BVi(u-S%
per cent.; prime mcrcantllo paper, EVi(fU
per cont. Sterllng exchange steady wlth
Rctual buslness ln bunkers' bllls at S4.S7
for demnnd and at $4.S3.76@4.S3.S0 for slxty
day bllls; posted Vates, J4.84V4 nnd J4.S7V4?
4.88; commerclal bllls, $4.S3@?1.73Vfc. Bar sll
vor, 49%; Moxlcan dollars, 3SV6. Gqvern
? inont bonds easler; rallroad bonds weak.
EDITORS' VIEWS.
What the New York Evening Papei/s
Have to Say of Yesterday's Trading
(Speelnl to The Tlmua-DlapAtch.)
NEW YORK, April 2.?The Moll and
Express says: To-da/a stock market
was an lnslpld aitalr and mado a closa
ipproach to stagnatlon at frequent lnter
vals. Nothlng llke lt has been witnessed
1 ? for a long tlme past. Tho extreme dull
ness was uccompanled by weakness,
Northwest, Western Unlon and Cdlorado
Fuel and Iron falllng 2 to 5 points and a
number of the usually actlvo stocks 1 to
U&,'Wlth Southern Paclflc and Pennsyl?
vanla In tho lead.;<Whllo tho fallure of
the'. money markot to; roturn to noxmal
tori'dltlous w'aa'.Junxlouotcdiy a detorront
I. factor, tho dlsblosures ln tho Southern
Paclflc sult formed a stlll greator ln
- lluenco ln chocklng buslnoss and brlng
Ing about net lossos. Thls matter Is dls?
turblng confldenco, hence spoculatlve Wall
.. Street is walting tho outcoino wlth con
\slderablo anxlety.
The Commerclal-Advertlser says: Opera
tlons by tho bear contlngent wero resumod
ln a tontatlvo fashlon, yet wlth consld
erable Buccess, In to-day's markot. The
pressure, however, was conflned malnly
to a few stocks whlch, for ono reason or
another, were thought to bo moro vulner
able thun tho rtai. A'gother largo de
orease in the Pennsylvanla not oarnlngs
reported: for February encouraged a fresh
attack on that stock, whlch carrled lt
down a polnt and a half from last nlght's
flnal.
Thero was also somo desultory ralding
of Now York Contral and tho Wabaah
etocks. Tho Bharpest declln'es, however,
>ccurred among somo of tho loss im
kortant Issues, such as Western Unlon
tnd Colorado Fuel and Iron. Theso woro
kasos whero spoculatlve holders who had
nanaged to hold their own whllo the gen
?ral downward movement was in progress
kuocumbed when thelr Issues wero select
Ed aa speclal objocts of attack. Prlces
foll back slowly, ? but very stondlly,
throughout the sesslon. Solllng, as a rule,
was llght and orlg-lnated almost wholly
in professlonal quarters. But the dlscour
aglng fact was tha entlro absence of any
deslro to buy. So far as outsldo news
was concornod, it was not partleularly
otlmulatlng. Tho banks lost heavlly apain
to tne sub-Treasury; thoy are IndeVtQd
now for tho week so far. to tho oxtent
of Jl.000,000. Abrond tho markets found
now cause for depresslon ln, the latest
ebullltons In Macodonia, nnd Ixindon ro
prOBentativos agaln sold In the local.
Probably, however, tho most effectlve
check upon tho speculativo deallngs was
the uncertalnty of the outsomo of tho
Southern Paciflo hearlnB at Nnshvllle.
Oplnlon ln nmny quartera of Wall Stroet
ls strong that nothlng ran bo dono ln tho
market untll thls Incldent ls out of tho
way. Tho market olosod heavy, but tho
trading was too small to mako lt seern
woak. In a number of tho leadlng stocks
Veslstanco to the tlccllno could be said to
nave been very good,
Tlio Evonlng Post says: Attentlon was
somewhat dlverted to-day from prlces
on the Stock Exchnngo to prlces ln the
motnl trade. A ratlier sharp docllno ln
Copper?soinothlnK" llke %c. per pound?
AttratU-d attentlon, partly because of tho
mysterious rocont moveg in tho coppor
trado but bhlefly, perhaps, because t.hls
Is the flrst notownthy cheek to tho rlso
In the prleo slnce the upwanl movement
alnrled, at 12c. n pound, exactly throo
months ago. On Its face. there Ih nothlng
very extraprdlnary In the fact that tho
me hns halh-d. Even tho optlmlgts of
tho copper trndi?nnd In thls market thoy
- have beon numo/ouB?never belloved Viat
tho prlco mnlntalned in tho copper trust's
HOMAS BR&NCH & GO
(BSTABLISHKn 1838.)
MEMBERS
New York Stock Exohange,
N?w York Cotton Exohange,
PRIVATE WIRES TO
PRINCIPAL MARKETS.
s lovettmonf Securitiet.
OFFICIAL RANCE AND SALE OF STOCKS IN NEW YORK
SALES: Open
300 Amortoan Cah oom..........?..<. 1%
100 Amerioan Can pfd............... <3
Amerloan Cotton 011 com........ <>?
coo .AineHoAii UHiomotlvte oom. 27Vt
700 Amerloan Looomottve pfd.i..., 95
800 Anaconda ,...,,...,......,i.... M
000 Amerlcnti Car and FoUhdrjK... 40
4SO0 Amorlcan Sugar..............i...< 1$!*
14000 A., T. and Sante Fo oom... SlH
200 A., T. and Santo Fe pfd.. 97V4
19500 Amnlgamated Copper............ MV4
SSOO Baltlmore and Ohlo.............. 81
7000 Brooklyn Rapld Translt..... J*
8900 Canadlan Paclflc.... IS*
1200 Chosapeake nnd Ohlo... ' 45Vi
100 Canada Southern...i. 73,,
000 Colorado Southern oom.... 2oH
6O0 Colorado Southern 1st pfd. 66vti
Colorado Southern 2d ofd. ...
30CO0 Chl., Mll. and St. Paul,. 162%
40000 Chl., Rock lsland and Pao. 44V4
11900 Colorado Fuol nnd Iron. 01
1200 Chlcngo Groat Western. 23%
C., C.. C. and St. Louls. y.
1000 Consolldated Gas.,. 2*Vi
Delaware nnd Hutlson....;.
Deh, iMck and Western.i. ;
8000 15rlo com..,.. ???
1500 Erlo 1st pfd.i. ??
900 Erlo 2d Pfd..... ?3
200 Gonornl Electrlo.* i??,
S00 Illlnols Contral. w?4
4000 Leather '???;?''l-???'?,;;. Aif
1400 Louisvlllo nnd NashvlUo. JiS;
SOOO Manhnttan . ]?'
1300 Metropolltan ..?. 1J0
Branch * Co,, Banksrs and Brokers,
SALES:
1900 Moxlonn Contral................
10000 Mlseourl Paclflc...,..;,........
100 Mo., Kan. ahd Texae oom...
200 Mo,, Kan. and Texaa pfd.,,
0200 New York Contral.,,,.,...?..
2300 N. Y., Ont. and Western,...
1G00 Norfolk and Western........
40000 Pennsylvanla,.<i.i
100 Prossed Steol Car.,,..
, 100 Prossed Stoel Car pfd.
200 Pooplo's Goa Truat.??
10000 Roadlng com,...,..,..
Readlng 1st pfd'..,.V.,.
Rendlng 2d pfd.................
G00 RepublFa Iron ahd Stoel com.
200 Ropubllo Iron and Stoel pfd.
700 Sloss ..........m.m.
200 St. U and San Frnnoisoo.,..
100 Bt. I* ahd San Fran..2d pfd...
Seaboard Atr Llno com.,.
Seaboard Alr Un'e pfd.......
200 St. L. nnd Southwestorn pfd..
9600 Southern Paclflc.,.....
000 Southern Rallway com.
Southern Rallway pfd.......
1900 Tennossoe Ooal and Iron.
900 Toxas Paciflo ..................
20300 Unlon Paciflo com......?..'
100 TJnlon Paciflo pfd...,,
flOOO Unltod States Stoel oom.
3900 Unltod Statos Stoel pfd.
200 Va-Corollnn Chem. oom,.,....
Vn,-Carolfna Cliom. pfd.
400 Wnbnsh oom.,.|
7200 Wabnsh pfd..,.'..?
7900 Wostern Unlon.....
1600 Wlsoonsln Contral..,..,.
000 Wlsoonsln Contral pfd.
Hlgh.
P
02
? 45%
84Vi
24Vi
47$
66,
181}
m
186V
106VS
2H
f
69V
186V
60V
924
101*
M
.f9 m
*B4
8Sy
86V
62V
121*
20Vi
46%
84%
47*4
CLOSINO BOND QUOTATIONS.
U. S. refundlng 2'b, reglatered. 100
U. S. refundlng 2's, coupon. 100
U. S. 8'b .reglstered.M" ?
U. S. 3's, coupon. WSW
Ui S. Now 4's, reglstered.}m*.
U. S. New 4'a, coupon..ldb-u
U. S. old 4's, reglstered. U0V4
U. S. old 4's, coupon.110$
U. S. B's, reglstered.103/4
U. S. G's, coupon.10314
Atchlson, general 4's.,.... ?%
Atchlson, ndjustment 4 a. w
Haltlmore and Ohlo 4s;..-100
Bnltlmoro and O.hlo 3V4's.:. W%
Bnltlmore and Ohlo Conv. 4 b..101
Cnnnda Southern 2d's...lunj*
Central of Oeorgla 5'b....-??7?
Central of Qeorgla 1st Ino. 78
Chosapeako and Ohlo 4V4 s.1W$
Chlongo nnd Alton 3%'s. W<
Chlcago, B. and Qulncy-new 4 s.. -VM,
Chlcago, M. and St. Paul gon. 4 a.... 110}i
Chicago and Northwestorn oon. 7*s.... 181%
Chicago, Rock Island and Pao. 4s.... 106
C? C, C and St. L.ouls gon. 4's.... 1O0W
Chicago Termlnal 4's...;... ??$
Colorado and Southern 4s. VfA
Dcnvor ahd Rlo Grande 4's. ??
Erlo prlor lien 4's. ?'
Erlo General 4's./...-....;i.. *
Fort Worth and Denver Clty 1sts.... 110
Hocklng Volley 4%'s....?..????;;.}&?
LoulBVlTle and Nash, Unifled 4's.10OV4
Manhattan Consolldatod gold 4 s.Ijw
Mcxlcan Contral 4's. 78
Mexlcan Contral 1st Inc. 25/4
Mlnn. and St, Lpuls 4's...... 00%
Mlssotirl, Kan. ahd Texas 4's. 08V4
Mlssotirl; Kan. and Texas 2d. 80%
Now York Contral gen. 3%'s. 102%
Now Jorsoy Contral gen. 6 s. iju
Northern !Paclflc 4's. ly3W
Northern Paclflc 3's. fi-u
Norfolk and Wostern con, 4's. 07%
Road'lng General 4's,..... 96%
St. L. and Iron Mountaln con. 5's.... 111%
St. Tjouls and San Franolaoo 4'a.9&A
St, Loula Southweatern lat'a. ???
St. Loul8 Southweatern 2d'a......... gi
San Antonlo and Arkaneaa Paaa 4 a.. fm
Southern Paclflo 4's......... *?'ft
Southern Rallway 6'b. JJg'/ti
Texns and Paolflo lst'B. fi?
Tolodo, St, _; and Weatern 4'a. 77
Unlon Paolflo 4'a.Jgj
Unlon Paolflo Conv. 4'a. }?
Wnlmsh lst'B. }!___
AVnhash 2d's....... IWJJ
Wabrtsh Deb, B'a. ,Uip
AVost Shore 4'a...????? 1J^L
Wheellng and Lako Brle 4's. ?p%
Wlsconsin Central, 4'a..,. ?
Contlnontal Tobacoo 4'a. ^Vi
Colorado Fuol .-.. ?*
Rock Island .?. ??4
Pennsylvania. JJ'tt
M. and O., collateral trust 4's. OjjVS
Central of Georgla 2d Inc.? 87
Va.-Carollna Chemical Co, com. 62V4
Va.-Cnrollna Chemical Co, pfd. 121%
costly advonturo of 1901 could be roached
agaln- thls season. .
That prlco was 17c. per pound. As tho
low lovol in last year's decllne was 11c.,
It should bo obvious that the riso to tho
prcsont week's flgure nenrly 15c., dioVa
good d'onl of "dlscountlng" for tho Cuilirc.
Tho sllght decllno In to-day s plg-Iron
prlcos may or may not have boen symjoto
maUc. It would bo no great mlsfortune
[f lt wero. Ayear ngo, tho hlg.n prlco
of Iron and steol was presslng hard on
every lndutsry. Yesterdny*s prlco was
hlgher by 26 per cent. than that of twelvo
months slnce, and had rlsen slnce 1902.
On tho Stock Exohango prlces ngaln
wont lower, though tho buslness done was
small and the net dccllnos as a rulo of no
great conscqiience. Taken as n whoie,
tho markot closed at lowost prlces.
The Evonlng Sun says: Practlcally all
of tho moro pronounced movemonts ln
prlces to-day wore toward lower lovels,
and ln a number of Instnnces tho days
very dull deallngs brought about sub
atantlal decllnos. Thus, ln the oarly deal?
lngs, thoro took place qulto heavy sell
Ing of Westorn Unlon, a stock ln whlch
for a long tlmo past there has been llttle
snoculatlon, nnd In consequence t broKo
rapldly ovor 2 points. Nothlng whateyor,
nslde from tochnlcal causes, came to
llght to oxplaln tho shorp broak In this
stock'i whlch at its low polnt to-day was
selllng vory nearly upon a 6 per cont.
basls. Thero woro othor ovldences ot
pressure among tho mlscellnnoous stocks,
?notably ln Amnlgnmatod Copper Rubbor
Goods nnd Colorado Fuol and Iion. In
tho easo of tho latter tho solllng was
verv cloarlv based upon the expected new
Issu'e ot addltlonnl convertlble bonds, but
It was not easy to.nsslgn speclflc roaaona
for tho othor movnm'ents. ' ,'? ' ,
ln tho rallway. lls't. dacllnes whlch woro
In oxcess of 1 polnt took place In.-.a-num
ber of stocks, onses ln polnt belng Catm
dlan Paclflc, New York Contral, Ponnsyl
vanla. Wabaah profcrred and Southern
Whlle tho money markot contlnued very
flrm and actlvo,' and whllo the day s In
telllgonce wlth respect to tho labor sit
uaton In varlous directlons was naturnl
lv dlsconcertlng, lt Is probably truo that
Fe iinsettled state of affalra fn Southern
Paclflc was tho domlnant Innuence ln the
dull nnd docllnlng market. It- was tfo
general oplnlon thnt the sworn Btatoments
made beforo the United Stntos Court by
tho representatlvos of tho Unlon Paclflc
Company yosterday placcd tho leaders of
the Southern Paclflc pool in a posltion be?
foro tho publlc from whloh they cannot
hop'o to oxtrlcato thomselvos by.the uao
of moro dcnlols._
RICHMOND STOCK MARKET.
Rlchmond, Va? Aprll 2, 1903.
SABES.
Vlrglnla Centurles-?500 at 92.
Broad-Stroot Bank-60 shares at 26%.
Virglnla-Carollna Chemloal common?l
shares at 63; 10 sharos at 62.
?Seaboard-Alr 1.1 ne preferred-100 shares
at 40
Seaboard Alr Lino common-100 shares
at 24.
STATE SECURIT1ES. Bld. Askcd
North Caroltna 4's. C;,- 1910.... 102 ...
Va. 3'a, new, C. and R., 1932. 92
Va. Cehturlos, 2-3, C. and R. 91% 92
rVAII.nOAP BONDS.
Ga. and Alabama Con. 5'b, 1945.. 111
N. and W. Ry. Pocahontas 4 s.. 91
Pot7 Class A B's, R. C, 1026.... 114 ...
Pet. Class 0.6's, R,,C? 1926.... 120 ...
RIoh. and.Moek. 1st -l's, 1948.... 86 ...
S A. L. Con. 1st 4's, 19o0.81% 8i'/i
RA1LROAD STOCKS. Par,
Atlanta and ' Charlotte.100 160 ...
R & P & R., F. & P. Connee. .70 ;v. 120
Seaboard Alr Llne pfd.100 40 ....
Seaboard Alr Llne com.100 24 2-1%
B/VNK ANIi TRUST COS.
Amorlcun Natlonal .100 126 1J0
Broad-Street Bank .25 %X 2t,"/j
citv .*a "
Flrst Natlonal ...............100 200 ...
Metropolltan Bank of Va....25... 21
Natlonal Bank of Va.100 128 U9V4
Planters Natlonal .100 340 ...
Savlngs Bank of Rlchmond....? ??? 65
Southorn Trust Co.100 U2VS 116%
Vlrglnla Trust Co.100 ... 145
INSURANCH COMPAN1ES,
Va. Flro and Marlno.26 37
MISCICI.UANEOtJS.
Amor.'Tob. Co. pfd.. 8 p, c.,100 ... 150
?Amerloan locomotlve pfd....100 05 06
Va.-Car. Chem. pfd.. 8 p. c.100 123 12o
Va.-Carollna Chem. com.,???.100 61% W'4
BAI/riMoTuTsTOCK MARKET.
BAI.TIMORE. MD., Aprll 2,-Seaboard
Alr l.lne common, 24; do, preferrud, 39%.
Seaboard 4's, m't- asked.
Atlanllo Coast l.lno common, 126; do,
preferrcd, no sale,
WALL STREET GOSSIP
Copper and Stoel Stocks Affected by
Cost in Price of Metal.
(Bneclul to 'lhe Tlmpa-lllapateh.)
Nl'OW YORK. Aprll 2.?Thu stoek market
.jiado about tho tnmest openlng in any
tlmo In tho past few weeks and showod
clearly that coininlsalon Jioiibbs wero
wlthout ordora of coiiHequonue. The aeri
monlous Southern Paciflo dlspute made Us
inftuoiice folt to a corluln oxtont, mid the
professlonal olement seemed to ba rather
pesslmlstlc,
AMABOAMATEB "copper:
Copper sold off on decllno ln Rlo Tlntos
ln London and tho uusympnlhellc attltiujo
of tho forelgn copper trado genornlly. lt
ls sald, however, that Amalgamated Cop?
per at thoae lovels has been accuinulated
by lnterests who sold a heavy llne of
Stock betwoen 73 and 76.
UNTON-SOUTHERN PACIFIC:
Unlon and Southern Pnelflcs woro both
heavy and lower wlthout any serlous
preaaure. There waa a dienosltlon to
uwalt the rcsult of the Southorn Pacllls
oult nnd (u the inoantlmo both stocks
sagged of thelr own welght.
J1ANKH I.OBE Ca"sh7
at the clearlng-house on Wodnesday $460,
000, tho banks lost to that Instltutlon
$1,244,000 on the day's bualneaa as fo'lpw.8
Customa, $41S,000; rotlrlng elrculatlon, $450.
000; miscellaneous payments over the
countor, $804,000.
EARI/Y TRADING! :?';...:,-y , , , ..
Tho flrat hour'a tradlng deyeloped rather
moro woakness than mlght havo beon ox
peotod, and a rosumptlon of aggrossive
solllng In Important stocks llke Pennsyl?
vania and Westorn Unlon. Traders wero
bearlsh and were helplng the decllno on
the thoory that tho market only showed
actlvlty on the down grado and merely
became dull on advancos.
WESTERN UNION; ? ' , ? .
Tho attnck on Westorn Unlon seems to
havo boen cono'erted and oiuno from a
numbre of houses credltod wlth operatlng
for tho largest bear trader In the market,
There wero plonty of stories ourrent nono
of them very probable nnd mostly bear
Ing some relatlon to wlroloss compotl.tlon;
It loolced, howover, more llkely that; a
stock woll known to be wldely held by tho
publlc liad 'boen attacked to induce gen?
eral outsldo llquldatlon.
COLORADO FUEL, BONDS:
Tho moro tho streot looked nt the pro
posed Colorado Fuel bond issue the less
ft llked lt. Tho rallroad proporty proposed
tobo bondod was thought by some people
to bo an lnsufflclent socurlty, as It could
probably bo dupllcated at less than tho
amount of tho bonda.
WABASH ISSUB9 WI3AK:
Wnbnsh Issuos wero woak on the uncor
taln Inbor outlook and the absenco of any
aupport from the controlllng Interests in
the road. lt is fnlrly sure that tho Gould
peoplo have not done anyt.hlng slnco thoy
advanccd tfiba stock In tho. proijoss of
mahlng thelr cohtrol absolutely cortaln.
THB SECOND HOUR: ?
Tho market ln the second hour wns
rnggod and Incllned to sag on very mod
ernto transactlons. I/ondon was Obso
luteiv no Tnctor, nnd what llttle the com?
mlsslon houses were dolng soemed to be
scattorlng rballzlng. Tho money rato had
some effect, although lt tendod oasior, and
tho Standard Oll banks were lenders. /lhe
talk of an odverse doclslon in th'e Minnle
Healy case. whlch was usod as a bear
argumont on Amalgamated Copper, prob?
ably dld not roprosent anythlng moro than
guesaea. The reduction In tho price of
plg-lron had aomo.unfavorable effect upon
the Unlted States Steel Issuos.
PENNSYLVANIA: '?
The hoavy tone ln Pennsylvania waa
partly caused by tho dlsappolntlng show
Ing of tho earnlngs, although there ls
good renson to thlnk that tho decrense ls
cxplicable on speclal reasons and repre
sents about the last of lts klnd.
AFTBIWOON TRAXtlNG:
Tho tone In the early afternoon was
extrembly dull and tho tradlng was ln
too llght a volume to have any real slgnl
tlcnnco. Even the. small room traders,
who are contont wlth fractlonal tufns,
were dolng nothlng, and tho publlc offlces
of the local brokerago houses wore almost
desertod,
VANDERBIIVT ISSUES: ':?; -
- The room had a numbor of stories to
account for tho extrome dullnosa and tho
Bagglng tondency, and among them ono
of some important Intorost snld to be in
closo touch wlth the vnnderhllts gettlng
out of stocks. Tho transactlons contra
dioted the atory and mado lt absolutely
unnocoasary to attempt to got conflrma
tlon. _
THE CLOSB: . ? , , . *
The'closo wns oxtremoly dull and fent
ureleas. Traders covorod shorts or Bold
stock to even up, hut aptirt from thla
thoro was no tradlng of consequonce. Tho
most that could be sald was that no
stock wns comlng out, but on tho other
hand tho traders who took tho boar vlt>v
sald lt would havo beon foollsh to force
sale In such n market.
COTTON MARKETS.
NEW YORK, Aprll 2.?Tho cotton mar?
ket after a verv aetlvo scsslon closod flrm
with prices at about tho best lovol of tho
day, net 8<fi? points over tho finnl flgurea
of yealordny. Tho oponlng was tlnn at an
advnnco of OUTS points, nnd follnwlng tho
call workod up a llttle Jilgher undor b'etter
I,lvcrpool cablos tlian oxpootod und cov
orlng In conneotlon wlth forolgn domnnd,
but abpn turned oasior under heavler es
tlmates fnr tho day's rocolpts and contln?
ued favorahlo crop oocounts. Under tho
Inlluoncc uf these faotora, whlch onc.our
nged renowod pressure from room boars,
tho innrkot doollned to a lovol about 2rcifi
points under tho oponlng llgurPs wlth
the lato mont.hs showlug oomparntlvo
woakness, bolng moro spoolally affooted
by tho favorahlo r'eport Of new crop pro
greas. At'thla lovol, howevor, tho market
turned vory flrm, chlelly ns a result of
moro bulllsh lntorprotatlons placcd on tho
Ccnaua Burenu's report of yosterrtny, and
I durlng tho lmlanoo of the sosslon dlH
? played a genorally upward tondency, '1 ho
1 unoxpoctcd flrmnoBB of Ldvorpoo) waa
i taken hero aa Indlcntlng that tho traae
uliroad wore Incllnod to rogard tho ceiw
? hus report as a bullish documont. Thls
1 vlew of tho sttuatlon was strongthenod
I wihon, a mosaiiKo was rocolvod from Wash
! Ington stittlng that the roport Inoludod
, all cotton glnned from tlio 1903 crop,
whethor or not that cotton had beon
glnned prlor ?o Septomhor 1, 1903. Thls
naturally made a ronaldornblo dlfforence
' In Hgurlng avallahlo aupplloa stlll to coma
! forward and was rosponslblo for much of
? the day's advance. Anothor factnr whloh
oxortod soino sontlniontnl effoct on nearby
posltlnns was tbe onnroctlon In tha eortl
llcatod atoclt, nmklng tho amount 33,007
baloa avallablo for iinrnedlate dollvory on
contruct, thmigh It mado no materlal ul
toration ln tlio total auiwlioa. Port re
coipta for tho day woro 9,2ti8 balos agalnst
6.M11 liales last year, nnd the oxports woro
Binall. amountlng to only 0,485 balcs. To
talo sales futures tlmatod ttt 260,000 balea.
Cotton futuros oponed flrm and closcd
vory stoady. ,_' ? " ''
Open. High. l,nw. Clo?.
Aprll . 9.$3 .0.83 9.83 0.82
May .... 9.7* 990 9.69 9.89
fm itfimwW w ** w
July . 9.63 9.GI 0.49 9.61
August . ?.20 9.28 9.17 9.27
September .... 8,67 I 8.73 8.60 ? 8.73
Octobor .8.41 8.40 8.39 . 8.45
Decomber.8.32 8,37 8.29 8..J4
Spot cotton clbsed qulot. 10 points hlgh
er; mlddllng uplands, 10.05; mlddllng gulf,
10.30; sales, 300 bales,
Cototn, qulot; mlddllng, 10.06: net re
celpts, 0 bales; gross, (1,284 bales; sales,
300 bales; stock, 60,926 balua. ; ..
Total to-day at all seuports?Net re
celpts, 92,801 bales; export to Great
Brltaln. 0,485 bales; stock, .106,219 bales.
Consolldated at all . soaports?Not re
colpts, 92,861 bales; export. to Great
Brltaln, 63.51S bales; to France, 16,016 bales;
to the Contlnent, 76.2S6 bales. . -
Total slnce September st -at :>all-. s/ea
ports-Net rocelpts. 6,070,SS1 bales; export
to Great Brltaln, 2.6S6,S57 balos; to Franoe'
722,42-1 bnloa; to the Contlnent,- 2,696,617
bales.
NBW ORLEANS, 'Aprll 2.-COTTON
The spot cotton market was very flrm to
day; quotatlons unchanged. ? ? ?
Futurea opened from 5@0 points up un?
der tho lead of New York and later galned
6 points addltlonal. Tradlng was neavy
ln. July. From the highest flgures of the
mornlng thls was a sllght recesslon op a
quloter feollng . toward noon. Tho bears
all se'omed to havo news from the ooun?
try. Plnntlng was sald to be progrosslng,
nnd in some dlstrlcts reports were that
farmors were proparing to cultlvate,jhe
largest crop In years. Thls news was -not
at all nlarmlng to tho longp slde, whlch
sees nothlng to bo afrald of in the next
crop outlook. After frequent mlld fluctua
tlons tho board at tho closo showed net
galns of 9<fpl4 points. ._...,
Cotton futuros stendy: Aprll. 9.73 bid;
May. 9.73@9.76; Juno, 9.76(ft0.7S; July, 9,7ig
9.78; August; 9.42ifT9.43; September, 8.72?
8.73; Octobor, 8.34(<t8.3a; November, 8.23?
8.26; Decomber, S.23@S.24.
PRODUCB MARKETS.
Rlchmond, Va., Aprll 2, 1903.
QU0TATION3
WT-TEAT- ? ?
Longberry .?} -W**
Mlxed . 81 |S2.
Shortberry .?"Si "^
No. 2 red.??? ?2 .. .-,
Va. baglots.,.70 081
Va. bag lots. 70 @b0
CORN- rn ??-.
Whlte (Va. baglots. 00 @o2
No. 2 whlte . Bl
No. 3 whlte. B0
No. 2 mlxed . BO
No. 3 mlxod. ?
OATS
No. 2 mlxed . 39
No. 3 mlxed. 2^,-??
RYE. B8 ?C3
NEW YORK, Aprll 2.?FLdUR?Un?
changed. Rye Flour?Dull. Cornmeal?
Steady. Rye?Steady. Barley?Qulet.
Whoat?Flrm; No. 2 red, 79%c. Opllons
developed actlvlty and strength thls
mornlng on sharn advances ln the North
west, higher cablos, bulllsh Russlan crop
news and llghtor Argentlne offerlngs.
Later it aold stlll higher on export de
mand and furthor ooVerlng, wlth the
closo/ flrm at u*>v,c, not advanco. May
closed at 73%c; July,. 76?4o.; September,
Oo'rn?Stoady; No. 2, nomlnal. Optlon
market aftor a steady opening udvnnced
on cables, predlctlona of raln and sym
pathy wlth whoat. It sold off at noon
undor small cloaranoe'i but ralllod agaln
and closed. flrm at %@%a net ndvtftce.
iMay closod at Ol'/jc; July, 49%c; Septem?
ber, 49c. Oats?Dull; No. 2. 42c. Optlona
falrly actlvo and ateadier. May closed
Bocf? Easv. Cut MeatB?-Qulet; ploKled
bollles. ?M4ift|llV4e.; plckled shouldors. 9@
9Mc; plckled hams, n%Hi)l2o. Lard
Stoady: roflned. full; Contlnent, J10.50.
Pork-Stoady. Tallnw?Easy; clty, 6 0-lilc,;
country, 6mYtc RoBln?Qulet. Turpen
tlne?Nomlnal at tiOo.
Coffeo?Tho market for coffee futurea
opened steadv "nd ruled falrly actlvo. The
closo was steady at unchanged prices to a
dftcllno of 6 points. Salos, 44,700 bngs. Spot
Rlo, qulot. Sugar?Nomlnal; fnir reiln
lng. 8?o.; contrlfugal, 90 test, 3 0-16c; mo
lassos sugar, 2%o.; reflned unsottlod.
Rlco?Flrm. Molasses?Flrm.
Butter?Flrm; oxtra i cronmory, 20c;
State dalry, 17<S>27o, Cheose-FIrm; Stato,
full cronm, fanoy small, colorod, fall
mado, I6o.; small whlte, fal made, 14'Tio,.
Kgga?Flrm; Stato and Ponnsyvnnla, 14%
(fPloVio,! Southern; HWo. Potatoes?
Steady; (southern, tl,60@2; State nnd wost
ern. por 180 pnunds, $1.75@2; Long Islnnd,
J2.2C; South Jorsoy sweets,? $2.50ff?fl.E0. P#u
nuts?Fanoy handpickod, 4^<ftVt%c.; othtir
domestlc, 8@4%0. Onbbnges?Dull; domes
tlo, por bnrrol, old, GOo.JPIl; now, $1.M?2.B0.
Cotton?By stoamor to Dlvorpool, 12c.
CHIOACIO, IM,., Aprll 2.?Strength wns
manlfostod In the wheat market to-day,
duo to bulllsh fnrelgn advlces,' nnd May
closed at l?l%o. Ulghor; May com waa up
Mo., wlth oats unchangod. ProvlBlons
were lirm, tho May producta closlng nu
changod to Bo. higher, ? ? ?
Tho londlng tutnres rnnpod aa follows;
Opon. Hlgli. Dow. ClQse.
IW^Z.*? T? 73* ' 74V,
jliiy . m m m m
Sent. !..,,... CS>2 69 US% 68%
coun-No. 2. ;?;-.
Anrll . .. ?? 1"H
May .... 43U 43% 43 M
julv . 43% iV 43% 44
sopt.::..::..: m ?% ?* m
OATS-No. 2,
Anrll .i . ? 33 4
May ,..'...... 33% 84% 83% 33%
j"y w m m m
sopt,. 27%; 87% m ?D?
July .17.L0 17.30 17,20 17.&)
Botft.18.97V6 16.HTV4 10.96 10.95
U$M?!?.MH 10.02% 9.97V, 10.02%
Jifly 9W 9.824? 9.80 , 8,82$
Sopt, :..:..:.. 9.77% B.BO B.77% 9.80
SHORT RIBB-Por 100 Ihs,
May . 9.78 9.80 8.72% 9.7a
July ....9.67% 9.70 0.65 8.67%
Sopt. ......... 8 00 8.62% 9.67% .9.57%
Cash quotatlona were aa follow?5 F1P,ur
steady. No. 2 spring wI'mLJ8;3^.: NP,;
3, 69(&7Bc; No. 2 rud, 7."i?c. No.-a
corn, 42^c, | No. j) yellow, 4ja^o.. No, i
onta,'Mf.o.i No, H whlte, ?ir?4?fo<Wc, Mo. *
ryo, 40V4O, Good feodlnf barley, 8B0JOO.I
fair to ohbioo maltmf. 47?Mo. No, 1, fla*
9,07%| Bhort itibs eiae* t,00A?>'*/&iara7z
dry aalted ahouldHra^CbOMd). W.TO(OT.?Vil
Bhoro oloar lldei , (bp*od), ?10.87%?10,?,
Whlakey. baals of hlghwlnes, jl.M,OJoj*
err, oontraot gradq. I11.7MWUC, jPW**.
wae flrmi oroamoriel, M??%0.| dalrlee,
14?94o. Eajgs ateadr ?t martj, .giweaj ln
oludeA, 18o, Cheese etendy at 13018V4 to
13Ko. _.
BALOTMORB, MD? Aotii 8.-rijOl3tV
Slow and unohanged. ,Wh?a.t-8tron<jtfid
hlgheri spot and Aprll, ,WW?T?%o.i M&y?
ttoTRye-Dull| No. S, 67o! Butter, EggB
and Cheesle-Flrm and unohanged. sugaivj
Steady and lowori reflned ahd coarao
granulated, <4,91%._
RICHMOND PRODUCB MARKET.
WHOLE8ALE.
Thursdy, Aprll 2,
Offlclal quotatlons pf tho Riohmond
Frult and Produoe Bxchangos
LIVE POULTRY.
Hens. per lb..'.......?? ? g? ?
Roostors, old. io a 1R
UuckB, per lb.<). ? [9 jg
Turkoyhcns, per lb........... i? w \?.
Turkoy gobblerB, per lb. }i % A
Geoso, enoh............?????"'??, ?" St !S
Cltiokena (sprlng) small, lb. '35 ? ?
Chlckens, medlum, per lb.. 22 ? ?0
Chlckons large, perfb.. 18 <H> >?
EGGS. ?. <n _, ,.
Cratos, noarby, fresh, do?...$ 13 01 14
Other seotlons, froflh.doa.... 13? Utfi
Bnrrets and boxes, frosh, dos. w
Gulntea, frosh, per do*.-.. 10
..'. BUTTER.
Fancy, dalry packed, por lb..$ 22 ?$ *f
Cholce, dalry packod. lb. 20 ? ?i
Cholce, .famlly packed, lb. 22 w ii
Cholce, storo packod. lb...... 17 ? i?
Modlum, storo packod, lb.... 14 ? 16.
Common gradea. \o.i.......... i<> ? "
LIVE STOCK. ? ? ^. ...
Beef cattlo, very b'est.Llb....? i & ?$ 5%
Boof oattle, extra, por lb.... 4,% ? ,
Beef cattle, good. por lb...... 3%? 1 ..
Common to medlum, per lb.. 2%?..; .<[
Shoep, por lb............... B..?? ?
Sprlng lambs, per lb.. ?? ?
Hogs, llve, per lb....;. p%@ 7%
Bufia por lb. 2%? 3%
VeolB, best, per lb.............. 7 ? 7%
Vcals, common to prlme, lb..' 0 ? 6%
COUNTRY BACON.
Hnms, small, old, per lb..$ 18 ?$ 20
Large, old, por lb. 15 & 17
Now. :per lb. U <9 16
Sldes, por lb...... R 9- 12
Shouldors, por lb. 10 ? 11
Lard, per lb.../...... 10? ?
Dreased hogs, small, per lb.. 7%? &
Erossod hogs^large^lb..??. ? ?
Apples, brlght, sllcod, lb....$ 4 ?$ 4%
Brlght, quartered, lb. 8%? 1
Dark lb ....'. ? "S;
Paachos, peeled, brlght, lb... 13 #14
Peoled, dark, por lb.,. 10 ? U
Unpeoled, lb... ,? S .9
OherrleB, pltted, lb. 13 ? ?
Blackborrfes. por lb. 6 ra 7
Whortleberriee, lb. u> @ 10
Raspberrles, lb.,. 16 (8> *7
WOOL. ?, nJ
Tub-washed. froe of burrs, lb/? 23 &% 24
Unwaahod, free or burs, lb.... 18 ? ia
Burry. per lb?2?6c. lb. leas.
HIDES.
Dry fllnt, No. 1, per lb.$ 12
Dry salt, No. 1, por lb... 10
Grecn salt, No. 1, per lb. 6%
Oreen, No. 1, per lb. 6%
GIute'tPOrlb---FkuiTS.. 3 ? *
Cholce, hand-packed,. bbl.... 2.00 # 2.26
Medlum, hand-paclted,. bbl.... 1.60 & 1,75 ,
Common; bbl..;;.,_ 7o @ l.Zo
Grnpe furlt, per'box....??? ?-00 ? ??
Lemons, cholce,-por-box.; 2.76 ? 3.00
Strawberrles, per quart..;./..-.15 @> 26
VEGETABL.ES. ?
Potatbes, new, No. 1 bbl...,..$5.0$ g"$0.00
Potatoes, old, por bus.... ?fe'.S?I2 ?
Cabbage, per 100..,...'.2.60 @ 3.00
Cabbage, Fla., por crate...... 1.60 @ 1.7o
Cabbago, S. C., por crate.... 2.00 g 2.2o
Cabbage. N C, por .crate.... 1.2o @ 1.60
Tomatoes, por carrlor, fancy. 2.60 & 8.00
Tomatoes, No, 1. per carrler.. 2.00 & 2.25
Tomatoos, amall, No. 2. 1.2o ? 1.75
Squash, cholce, por box.2.00 0 2.60
Cukes, cholce, per box.3.00 ?4.00
Boets, cholco, por box. 75 ? l.pO
Beets, cholce, per crate. 2.00 ?2.2a
BennB, Fla., round, crt, green 3.00- ?
Peas, English. por crate.2.00 ?3,00
Lettuce, por hampor. 2.00 ?21,50
Asparagua, por bunch. 10 @ 3o
Celerj-, large, per crate.2.50 ?3.00
Caullflower, per crato. 2.50 ?3.00
Egg plant, per crate. 2.00 @ 2,50
bB MISCELLANEOUS.
Boans, navy, whlte, No.l, bua.$2.00 (^$2.15
Beans, navy, whlto, com., bus 1.75 ? 1,85
Beans. colored, per bus.1.50 ?1.00
Peas, black-eye, No. 1, bus... 1.00
Peas, black-eye, No, 2, bus.. 75 ? 85
Peas, black, per bus. 90 ? 1.00
Peas, clay, per bus. 75 ? 85
Flnxsecd, per buB.".... 1.20 ?1.40
Beeswax, por lb. 25 ? 26
Tallow, per lb. 6 ? 6%
Feathers, llve, goose, per lb,. 45 ? 50
Foathers, mlxod, per lb. 35 ? 40
Peanuts, No. 1, per lb. 3%?
Poanuts, No. 2, perlb. 3 ? 3%
Walnut korn'ols, por lb. 12 @ 13
Walnuts, per bus..-. 30 ? 40
Ginseng, cholce, por lb.3.75 ? 4.25
Wlre chlckon ooops. 85 ? 90
WIro turkey coops. 1.00 ? 1.10
Egg crates. 60
CATTLE MARKET.
CHICAGO, ILL,.. AprlJ 2.-CATTLE
Rocelpts, 8,000 hoad; strong to 10c. hlgher;
good to prlmo steors, $4.90?5.4O; poor. to
medlum, $4@4.76; stookers and . feeders,
$2.76?4.7r.; cows, $1.60?4.B0: bulls, $2.60?
4.40; Toxas-fed steors, $4?4.50. Hogs?Re
colpts to-cly, 18,000 head; to-morrow, 15,000
head; loft ovor, 3,500 head; average,
steady, Mlxnd and butchors, $7.25?7.35;
good to cholco heavy, $7.45?7.65; bulk of
sales, $7.2Q?7.40. Sheop?RocelptB. 12,000
head; shoep and lambs steady to 15c. low?
er. Good to cholco wethers. $5.50?6.65;
fair to cholco mlxod, $4.60?5.50; natlce
lambs, $5.60?7.60.
NEW YORK, Aprll 2.?BEEVES?No
sales. Clty dressod, natlve sldns, 6%@9e,
Veals. $5$?9. Clty dressed, 8@12c. Sheop
and Lambs?Top gradea steady to flrm;
common and medlum slow and easler,
TJnshorn sheep, $4.25570.90; cllppod, $6: un
shorii lambs, $6.7fi@8,25; cllpped, $0.25?fl.6O;
Stato sprlng lambs, $3?4.50 each; Jqrsey,
$6, Dressed mutton, 8%?11c'.; dressed
lambs, 10%?14c. Hogs?l'Mrm; State nnd
Pennsylvanla hogs, $7.00.
EAST BUFFADO, N. Y., April 2,?CAT
TBE?Unchanged. Veals steady, Tops,
$7?7.25; common to good, $5?6.90. Hogs?
Actlvo and .strong, 5c. h|gher, Heavy,
$7.70trc7.80; YorkerB, $7.45?7.65; plgs, $7.25;
stags, $5.50(R6. Sheep?Steady. Top natlve
lambs.i $8.10#8.16; culls to good, .$6.5008;
Wostofn. SSfJS.lO; yoarllngs, J7IW.25; top
mlxed. $0.25?0.60; culls to good, $6.25@6.50.
CINCINNATI, O., Aprll 2.?HOGS?
Qulet at $6?7.60. Cattle?Ensy at $2,50?
4.85 Sheep?Actlvo and hlgh'er nt $3.7ni5?
6.23, Lambs?Actlvo and hlghor at $5?7.60.
MISCELLANEOUS MARKETS,
PEANUT AND PEA MARKET.
NORFOLK, VA? Aprll 2,-Tho peanut
market is qulet to-day. The only change
In prlcos Is Spanlsh nuta, whloli have
dropped In prlco to 77%o a buahel Tho
prlces aro as followB!
Fancy, qulot at 3c: strlctly prlme,
2-Mc.; prlme. 2Wo.; low gradea, 2c; ma
chlne plckod, 2@2V4c,i Spanlah, 77%o. per
buahel. Blaokoye peas, $2.26 bag; black
and speckle poas, $1; olay nnd red peaa,
60e. Peanut bags In balos-68 ln.. 7 4-10c.
PISTEIRSBIIRG, VA., Aprll 2,-PEA
NUTS?Spanlsh now, markot very flrm at
T/Wo.; sollers asklng more. Vlrglnla's?
Qulet at 3o,
HIDES AND TALLOW MARKET.
CHICAGO, ILL., April 2.?Allen & Mlle*
markot letter: Country market qulet, but
*?~?
Allen-Miles Co.
DEALERS AND EXPORTER8, ;
HIDES,
TALLOW, &c.
Write for Prlces.
;| Seo our Market Letter on this |
Pago.
Allen-Miles Building,
, ? ATLANTA. OAi .
jt^^,<.<.e.?n.?yf;.fi ie*t.-ej*?*ie^tieT*>|
VlMAttCfAt.
, LARG-S? CAPITAL AND SURPLUS
Or AMT BAMK OR TfttlST COMPANY Wfttlfi JOUOTl-Al'LArmC WtAVM
Richmond Trust and Safe Oeoosit
Tenth and Main Streets, Richmond, Va.
Capltal and Surplus ? $ 1,712,188.69
ttanniitna Truata. Hecolves Depos|ta from $1.00 and Upwnrde.
AUowa 8 p?T oont int&eat on Dafly_ Balancoa flubject to Chook.
? Aocotintfl BolloltetJ. COrreBpondence Ihvlted. ? ?
3UO, 8KBLTON WILLIAMB, MQWIB D. CRENBHAW,, JR?
prwaidimt Treaauror. / -
AMES H. ^OOLE^HENRY^. CARELL,
VIRCINIUS NEWTON, Prealdent. 3. H. BEABLEY, Caahler.
UNION BANK OF RICHMOND
' QRGANIZED MAY 3, 1866.
Deposlt your aavlngs wlth a Solld Inatltutlon. Tho atrongeat In tha Bouth
Capltal. .$219,750.00
Undivided Profit.$350,000.00
Deposits...............$.,400,000.00
v > '? ' DIRECTORS:
VIRGINIUB NEWTON, R. T. ARRINGTON, Jr., R. ALSOP, T. W. PEM
HBRTON/^N. W. BOWB, CHAB DAVENPORT, J. H. BEABL.ET.
Small ?and Large Dcpoalta Bo'llclted.
.... Intereat Allowed.
later comforts and even luxuries. Every per
son should make it a fixed rule to save some
thing every week or month. The "Provident"
k the ideal Bank for such purpoHes. All sums
accepted. interest Allowed From First Day
and Compounded Seml-anhually.
911 East Main Street.
S.QALESKI, Prea. W. QRAY WATTSON, Cathter.
steady In abaenco of orders. Two or three
cars buffs could be secured at elght <juar
ter and aeven quarter, but no sales report-.
ed on other heavy or?llght. Clty tannera
sold small. car" clty calf to Mllwaukee at
t-welve half. Roaton advlceB say tannenj
apprehenslve of 'labor troubles and will
only. buy from hand to mouth. Btrlkera
here plckotlng tannerlcB and only will nl
low offlco . force to enter plants; no at
tempt at sottlement belng made. Now
York wlres large aaloa Orinoco dry hldea
at half cent decllno, wlth market weakl
Llberal tradlng ln unlon backa at ahade
under thlrty-two for all welght number
ono, whlch lndlcates very dull leother
market. Paokor hldea keop dull wlth tot
colpta of cattlo keeplng large. Packers
holdlng offorlnga at flrm prices, but tan?
nera not' Intereated to any oxtont. Car
January blg four Colorados sold ten three
quarters. Car January-Feberuary heavy,
natlve oowa brought nlne three-quartera
one car of llght natlve cowa nlne half.
DRY GOODB MARKET.
NEW YORK, Aprll 2.?Tho dry^gooda
market has boen featureles wlth buyera
rofralnlng from maklng llberal purchases.
While atocka on hand nre not large, there
ls no deslre to apoculate. and purchaaea
are made Blmply to supply current needs,
Jobbors' trade has been a llttle more
brlsk,- owlng to tho better weather con
dltlons.
NAVAL BTORES.
WILMINGTON. .N. C, Aprll 2.?SPIR
IT8 TURPENTINE?Nothlng dolng; re
celpt8, 9 casks. Roaln?Flrm at 11.96; ro
celpts, 72 bnrrela. Crude Turpentlne?Flrm
at $2.40?4; recelptB, 21 barrola. Uar?
Flrm at $1.05; rocoipts, 210 barrola.
SAVANNAH, QA.. Aprll 2.-TURFEN
TINB?Nothlng dolng; recelpta, 317mcn6ks;
sales. nono; oxports, 112 caaks. Roaln?
Flrm; recolpts, 1,243 barrola; salea, 2,143
barreis; expuorts. 243 barrels,
CHARLEBTON, S. C, Aprll 2.?TUR?
PENTINE?Nomlnal at 64c. Roaln?Nom?
lnal. ___^
COTTONSEED OIL MARKET. ;'(
NEW YORK. Aprll 2.^-CottonBeed oll
steady wlth ealca of prlmo aummer yol
low at 41c. on apot; prlmo crude hero
nomlnal; prlmo crude, f. o. b. mllla, 3o@
2Gc.; 'prlme aummer yellow, 41c; off aum?
mer yellow; 88c: prlme whlte, ?c; prime
wlnt'er yellow, 4Sc; prlme meal, $20.BO?27
nomlnal. ' ' _
MARINB WtELLIGENCE.
PORT OF RICHMOND, APRIL 2, 1903.
ARRIVED.
Steamer Berkeloy. Ouy, Norfollc, mer
chandlse and passengora, Old Domlplon
Une. ? .'?"??' ??'?.?'.
. Steamer Pocahontaa, Oravea. Norfolk
nnd pnssengerB. VIrglnla Navlgatlon C'o.
and James Rlver landlnca. merchandlso
Steamer Wlnyah. O'Nelll. Phlladelphla,
Po.', morchandfse and passengers, Clyde
'a"6' SAILED.
Steamer Berkeley. Guy, Norfolk, mer
chundlso- and passengers, Old Domlnlon
Une. :
PORT NEWPORT NEWS, APRIL 2, 1903.
ARRIVED.
Steamer Elawlok House, New Orleans.
Steamer Iran, Boaton._
3AII.ED.
Steamer Elswlck House, Rotterdam. '
Schooner Auguatus Hunt, Portland.
Schooner Frank T. StlnBon,- Boaton.
Schooner H. T, Hayward. Galveston.
Schooner Geo, A. McPadden, Bnngor.
A Out In Iron.
(Spoolal to Tho Tluiea-Dlanntch.)
PITTSBURG, PA? Aprll 2.-Orders for
Bossemer iplg-lron, booked for the flrat
alx months of tha current year, were gen
eraly at $21 per ton. but for the aecond
half of tho year booklngs .have been mado
at $20 a ton. Other Gia.tos have ahown
a proportlonate decllno. Oonsumers are
now buylng aa necosslty demands, and
aro evldently. holdlng off to take advan
tage of any further recessions ln prices,
The deollne has boen account'ed for to
some extent by the feet that tho Unlted
States Steol Corporatlon falled to make
eontracts, wlth outslde furnace men for
approxlmately 1.40,000 tons of Bessemer
pig, as waa contempltaed earller ln the
year, The corporatlon, however, could not
come to anagreement wlth the Bessemer
assoolatlon aa to nrloeB, and negotlatlona
fell through. In the meantlme the cor?
poratlon ls ruBhlng work on several blast
furnacos that should be ciompleted dur?
lng the year, and.some of them wlll
probably be blown ln wltliln tho next few
months. The oomblnod otitput of theso
now furnacea ia 'eatimated at 1.760,000 tona.
Thls, )t (a belleved, wlll more than BUPPly
the requlrementa of the oorporatlon for
aome tlme tio come. Ihe market ahows
no falllng off ln- tho di-mand for elther
tho raw or llnlshed ?prr.duct, and ln. the
caao of steol sheots the domand haa ln
creased and prlcea have not only stead
led, but show a tendc-ney to ndvance.
Thero ls also a probabliiiy that tho coke
supply wlll be larger than heretofore,
and tho one serlouu foaturo of the outlook
ia the poaslble lnabillty of tho rallroads
to meet the demand for transportatlon.
Stlll Considerlng,
The Senate Commlttees on Roads and
Courta ot Justjco held u jopy; oonfarenoe
agaln laat nlght and further conoldered
the oorporatlon measures ln exeoutlvo
aeaalon. No ponolutilona were reached,
nnd It wlll take Bevornl pmor meotlnsa
t<3 copipiota tbe worit,
1
RICHARD W. MAURY
Banker and Broker.
1015 E.Maln St. Riohmond. Va.
Bondi and Stooht Bought and Sold
for Caih or Cirrlod on the Moit
Favorablo Tormi.
Inmtment Soourltles a Speolally.
'Phone 366.
, ? ' - .-*
JONN L. WILLIAMS & SONS
BANKERS,
Dealere ln RICHMOND, VJL,
SOUTHERN INVESTNENT
SECURITIES.
MUNICIPATj'BONDS A SPECIALTY.
Correspondence lnvited.
Vlrglnla Contury Bonds, Rlchmond City
j, Bonds,-Chemlcal preforred and c'ommon
stock, bought and sold for cash or or.
? margln. ,
WYNDHAM BOLLING
& BRO.
BOTH 'PHONEB 412, No, 1018 E. MAIN.
MAY COTTON PRICE
JUMPED 14 POINTS
Excltement Caused Among
Bears Who Sold Short
on Wednesday.
(lty AaaoclnteU l'rraa.)
NEW YORK, Aprll 2.?The price of
May cotton on the Cotton Exchange waa
forced up 14 points tb-da'y, and consld
erablo excltement. lollowed among the
bears,. who sold short yestorday on tha
government ostlmate. May roso v from
9.73 to 9.87, but thero was a break.then
eased off and roso again to 9.86,
The'aavanco.followed an ofllclnl stnte
ment from Washlngton to tho eftect that
yesterday's government report Incjuded
all cotton glnned from tho growth of 1908
and also glnnors" ostlmatos of the cjuan
tlty remnlnlng to bo ginned from tha
growth of 1902. Many had token lt for
grantod tliiat yostorday's government re? ?
port lnoluded no cotton of last year %
growth glnned before Soptomber ist,. the
boglnnng of tho cotton statlstloa year,
As about 200,000 bales of last yoar's croj
had been glnned before September, no.
cordlng to popular ostlmatos, tho roport,
whlch yeaterday was rogarded as bearlah,
became a bullfsh factor nnd a vlgorou*
omiuid for all classes of buyors sot In,
MaT short" were practlculnrly anxlouj
Vo cover, and it was not J?W^(flr? thJ
market sfiowed an odvanco of 16 to K
pJlnts frt)"n the. lowest polnt yestorday,
Outlook for Money.
(Spectal to Tho 'Nmna-PlapBtcli.*
NETV YORK, Aprll 2,-Tho galn by tn?
banks of $189,000 pn aub-Trcaaury opera?
tlon's reported on "Wodn'esday for the fp-up
Hsfeff .rthWoAcr n$
Uuywash'due entlroly to the payment ol
t3 000000 on nccount of the appropriatlon
for the rellof of dlstroas ln the PhlllPr
^Tha sub-Treasury has been authprlsooj
tnVeoelva depoalts of $1,200,000 for tho ro.
fremenrof bank olrculatlon ln Aprll, of
whle i $450,000 has a ready beon pald ln,
Custpms are usually smaller ln Aprll
than ln March nnd so are collectlons of
intenial rovenue. whllo the expondltureaj
of the government are largor,
Thero Js no posslblllty, however, the
banks galnlng upon sub-Treasury opera?
tlons for the month, but the loss will be
|"b sthan In either March or Fobruary.
Tha galn ln reeervo this month mu*%
oomo, ns it always does nt thls aoaBon,
from morcnntllo remlttanees to New
YThrouRh theso no emall part of the
losses of (he hunks by tho paymont of
customs will bo made good, fpr the price
to the Jobher6 and- retailers of tinported
merchandlse lncludes tho dutles pald by,
' "i ., .

The times dispatch. [volume], April 03, 1903, Page 10, Image 10
About The times dispatch. [volume] (Richmond, Va.) 1903-1914

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The times dispatch. [volume], April 03, 1903, Page 10, Image 10 About The times dispatch. [volume] (Richmond, Va.) 1903-1914

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The times dispatch. [volume], April 03, 1903, Page 10, Image 10
About The times dispatch. [volume] (Richmond, Va.) 1903-1914