Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-07-31
NEW YORK STOCK MARKET.

NEW YORK. July 3O.--The stock market
to-day was more active, and. as usual OF
late when active. weak and demoralized.
and the result of tho days trading is TO leave
prices in most cases materially lower than
those of last evening. The feeling on the
street continued bearish in the MAN. but
marked uncertainty exists and positive
Opinions are as hard to get asa month ago.
After the concessions IN prices seen during
the month just passed there has arisen
feeling TINT some sort Of q rally should be
due, but no one seems 10 have the courage
TO back the opinion, and the traders and
professionals who now have the making OF
prices slowly increase their short lines as
quotations metaway.
SELLING ORDERS.
This morning there were some selling
orders in the marker from both London
and tho West. and this encouraged the
bearish feeling among the professionals,
who Immediately began TO increase their
short lines. paying special attention 70
Chicago gas. Cnion Pacific. and 81. Paul.
which continued 20 be tho leading active
stocks Of the day. followed by Louisville
and Nashville. and Northern Pacific pre-
iorred. The important movements OF the
day. however, were in the three stocks first
mentioned, and while tho rest of the list
were weak and declining they took their
tone from the operations in the leaders.
The full influence of the late decision IN
the Omaha bridge case seems to have been
felt on the other side of tho water, and the
foreigners were liberal sellers IT Union
Pacific, making that stock the feature OF
tho day, and To it, special weakness IN the
afternoon was due the material losses suf-
fered during that portion of the day III the
rest Of the list.
CONSIDERABLE STRENGTH.
"A rule. however. tho general market
displayed considerable strength in the
face OF adverse circumstances. aud Lacka-
wanna aud Burlington actually showed
above the opening figures during the
greater portion OF the day, but lost the
strength toward the close. The declines
were aided by the persistent circulation of
a rumor of the impending failure of some
important house. and the liquidation done
was in Il large measure due to the dis
couraging effect of these stories. In the
forenoon, after weak opening, Chicago
Gas and Union Pacific led the downward
movement, and these were joined later by
81. Paul and Burlington. while many OF the
less prominent stocks scored marked
losses without heavy transactions. The
downward movement was interrupted from
time 10 time by slight rallies, but their con-
tinuauce was Of short duration and still
lower figures We're always reached after
ward until the last hour.
TIE CLOSE ACTIVE AND WEAK.
The rally which took place then, how
ever, failed to reach oil portions Of the list.
and tho market finally closed fairly active
aud weak at or near the lowest prices OF
the day. The final changes are oil losses,
but these are IN most cases for fractional
amounts. Tho sales of listed stocks aggre-
gated 232, 900 shares of unlisted. l2.OOO.
Monty AND EXCHANGE.
Erninq.- Exchange steady and firm AT
fs5als7t,. Commercial bills, s3iaa4s5>4
Money steady at 114a21 last loan at 2
closing offered ut 2. Suh-Treasury bal
ances-COin. S9l ,697 000 currency, $2j,
0O3.OOO. Governments dull and steady;
per cents. III as. 1902 bid. State bond,
dull but steady