Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-07-29
NEW YORK STOCK MARKET.

Richm and West Point stock Receivers
smartly. Though SIN Dali.
IBy telegraph to tho Dispatch,
New York. July 2s.--The stock market
to-day displayed q materially better tone
on the whole than yesterday, while prices
made considerable progress in recovery OF
the losses of the previous day. There was
a marked decrease in the amount OF busi-
ness done during the day and the dealings
extended TO q smaller number Of stocks than
yesterday. The apathy of spectators.
however. seems not to have been broken as
yet, and the hopes of Wall street men that
the dulness had been checked by the de-
cline was not realized to-day. The bears
claim to have full command OF the market
and that all the buying is for the short &C
count. but the continuance Of the upward
movement to-day would seem to indicate
that some one is willing to take securities
at concessions, while the advances do not
tempt selling except by the short sellers.
SHORT STOCKS ACTIVE.
In the market to-day, however. the
stocks which are supposed to have the
largest short intcrest-viz.: st. Paul and
Burlington, were the only really
active stocks. though the latter dis
played the most stubborn strength.
The only real weak point in the
list was Lead Trust. though a drop
of per cent. in tennessee coal relieved
the monotony among the specialties:
There was undoubtedly heavy covering or
shorts, and brokers identified with the
leading bear operators were. largely pur-
oh ~
but the foreigners did something in that
line also, and the feeling became more
builish from the very fact that large lines
OF shorts were covered.
RICHMOND TERMINAL HAs SUPPORT.
There were signs of support in Richmond
and West Point. and that stock. while re.
covering smartly, was again comparatively
dull. though the preferred stock failed to
move IN either direction. The Industrials
, with the exception Of lead. were quite
neglected. and the low-priced shares, rs q
rule, showed no feature. The opening
prices were from = to y per cent. better
than last nights figures. Under the de.
mand from the shorts. and helped by
the Burlington statement for June
showing o material increase IN III
earnings, and statement from
Richmond and West Point officials that
inc company nhu bu'Uclcut IuuuS III manu-
to meet maturing obligations, the upward
movement extended to nearly ~ per cent
before il was checked. Realizations caused
q slight reaction in the forenoon. but later
tho best figures were again attained, and
Burlington scored still further advance.
| In the afternoon Tennessee coal dropped
per cent. and realizations again sagged the
list of in the last hour. but only in the
Wizards was there any real weakness, all OF
them retiring over per cent. from the best
figures.
TUE CLOSE DULL But FAIRLY FIRM.
The market finally closed dull but fairly
| firm at small fractional gains for the day
| The active shares, however. are nearly al
| up large fractions. Sales Of listed stocks
| l43, 900 shares OF unlisted, IA 900 shares.
MONEY AND EXCHANGE.
Erening.- Exchange dull and easier a
4s5aiS7. Commercial bills. 1923 ais6. None,
easy at 1xa2. Suh-Treasury balances
| Coin. S9l,45l 900; currency, S25,36s 900
Governments dull but steady; 4per cents
1l74 AS. 1907 bid. State bonds dul
| ororv nrora ryoSu