The times. [volume] (Richmond, Va.) 1890-1903, 1897-07-03
FlNANCEAN COMMERCE
THH CLOSING QUOTATIONS or
MONfI.
offerings and Sales at the Richmond To-
bacco TScbangc-Internal Revenue
Collections Foreign Advances.

NEW YORK. July "A vcritablo mid
summer 0ulucss settled upon the market
tor securities to-day. ana a further step
WAS taken towards the staCnaut cCndi-
ton Co which tho market has seemed 10
lo coming Tor two days past There was
no feature OF Significance or importance
during tho day. unless the hypochon-
rlrlach' view hc adopted. that the absence
az au ncws must Itself Do "a symptom.
Dealings were very much smaller than
yesterday nI Tor many DAYS past. Naria-
tions were small ana uulmportont. ana
no animation was manifest 30 any point
in tho market
The prospect OF only halo n day OF trad
sng tomorrow. followed .y "a double hole
day doubtless had iis effect iu Curtoiing
operations and discouraging ventures
upon new operations But this was NOT
alone sufficient Co account for the mar
kots conspicuous Joss OF tone and apa-
thcfic condition. Tho heavy liquidation
80 Monday and Tuesday was undoubtedly
I'm Indication of widespread conviction
shat fne Upward molcwciit hfd l,acue9
tho limits 10 safety f0r tho present. ana
1ho market to-day showed oven "a more
marked disposition than on yesterday 20
wait for en adjustment 90 The new condl-
5ionf Tho waiting and the eemi-siagna-
lion were accompanied by quito "a marked
1rmNrss nj f0nc iu nearly aIl inc leaullE
stocks. ST. Paul continued ne leader az
tnc market in point az activity. ana WIS
1rm end strong comrai eilNciy, ln splle
~ selling ot the stock for London account.
Uhia STOCK has been etnipg on burlington
al thn uo.k aul to-day overlook ano
crossed it closing above DO az a sIna..
uct fH.n. while Burlington suffered
small mot lnss This was in consequence
81 the continue IIou of ine movement on
fhc part of dealers TO transfer thcl hold
ings from Burlington into So Paul None
Of tho LEADING stocks ranged as widely
as point except Sugar and The leaeinB
Industrial stocks and some % the coalers
leather preferred rose point ON reports
OF q plan 90 refund the duty on hides
which arc re-cNnOrfcd as leather. inc
small net changes are divided between
gains and losses ln the prominent STOCKS
Gouefal market conditions remain un-
changed. though the addition or dividend
and interest disbursement TO the already
existing surfoit Of money has not resulted
in the stimulus 20 speculation which was
hoped FOR The narrow movements IN 60
fdays market were 20 large extent que
ito professional manipulation. such results
being easy OF accomplishment IN such
restricted market $1,000,
shares. including the following. Suea
q 800: burlington and Quincy l1,ivl,
Chicago Gas no 100: Manhattan. 1900. and
St Paul, 1920
The bond market developed fair degree
81 activity luf values were little chanecd:
excout IN a few issues. in which special
Influences operated Business was gen
orally conferred in the leading MORTGAGES,
but IL is worthy Of note that no transac-
lions were registered In northern racine
thirds which usually absorbed considera-
.iie ~ the dealings. Tho aggregate sal's
were Si42f000.
Government were steady on light deal
snqs agcrecadng 81 900 900.
MONTY AND EXCHANGE: Money on
Cau easy CO 1f.1fia per cent: last loan
at ~ and closed az ~ per cent: prime
mercantile paper. 1i4 per cent. Sterling
exchange weak with actual business IN
lrrlsret bills af fsGes 74ST for demand and
4s5a, 0feG Tor sixty days, posted rates.
1Sel0ls7i5 and 4ss04ssit. commercial
1ar silver On. Mexican dollars. A.. Cow
eminent bonds hrm. State bonds dulli
railroad bonds firm.
BANK CIEARINGS' Total hank clear
,rvs for the week were 81 065 1Ol 100; per
cont decrease. 207 Total. exclusive Of
Now York. S4a2o91 100; per cent. de-
Vroasc. So.