The times. [volume] (Richmond, Va.) 1890-1903, 1897-08-03
FINANCE AND COMMERCE
qHn CLOSING QUOTATIONS or
HONEY.
OGcrincs and Sales az tho Richmond To.
bscco ENchango-Intcrnal Revenue
Collections Foreign Advances.

NEW YORK. August 2-The market
for stocks to-day displayed an irregular
tendency az times but the net result OF
The days trading was a general average
gain extending au through the Disc. IL
was the general outside interest in the
market shown hy the purchases made hy
the commission houses that checked the
sagging tendency that developed. INC
professional bear operators. who are con
fiantly watChful FOR the reaction when
they think must come after the long up-
ward course OF tho market made some
attempt Co take advantage OF this s't-
gins tendency and Co extend che wcahness
through The hst tbut they soon felI''
from tho field. Some reports of crop dhin-
axe gave The ground for The selling move
mcnt Do the grauecrs, ana also ~ t'o
southwestern. but 10 was SNORT "N'u'
The commission house huNine, Wnich 3uN-
taincd tho general list was supplemented
by tho large buying Boo indlrdtal stoCh.
Consolidated Gas continued 10 snow INC
aggressive strength which mas 'haI &C.
teTizcd 10, recently. This strength Dc "'
liovcd 10 hc coinc.dcut with the approach
OF dividend. in tlCde Gas securlllca
failed 90 develop Chicago Gas. however
continued SIS upward course. ana lts price
made the long-prCdicicd passage OF inc
par mark selling ass hlch as lpV's. DIS
SIS % new high price record. The previous
hichcst price Nf> being made .tcFtItl
years ago but only IlOmcntatlN MAIN
tanned Tho Northern Pacific preferred
stock was also "a centre of strength, unc
20 tho belief that tho trust has agreed
upon "a basis az harmony for adjustment
with Interests iu sympathy with the Great
Northern. The price rose rs. hut reacted
partially ON account of the difficulty in
securing authoritative confirmation OF the
reports set ahoIt regarding the choice OF
the new president A number OF me ln-
dusfrial stocks were especially strong.
notably Sugar ana Tobacco. the former
showing rccuperation from it's depression
of last week and rising sharply on snort
covering Leather was also prominent.
The crangors Cffcctually overcame the
early attempts at % raid ana developed
strength. Chesapeake aud Ohio was
strong ON the statement or earnings.
Tho weakening Of the exchange market
was tho result of bear rumors that further
heavy gold shipments were TO be made
This week. The total sales OF stocks 20
day were $50 gf5 shares. including Atchi-
son preferred II. SIS. Chicago, Burlington
and Quincy n 19. Louisville and Nash
vile 10 200. Missouri Pacific, SOC. do
preferred. Bob. Rock Island. 1l.l2J; ST.
Paul 1890. Southern preferred, 6.4l3,
American Tobacco. 5000. Chicago Gas,
81 500. General Electric. $500. Sugar. DO
100. United States Leather preferred,
tf45. Western Union. 9254; Chicago Gas,
1876
Business continued I'm large volume in
the bond market the speculative issues
absorbing the bulk of the dealings. Kan
ras Pacific COusol- showed "a rise of
points. The market generally showed de-
cided strength. Sales We're S2.gJ0eHO
Governments were duh bat firm on pur-
cnascs OF SllOoJ.
MONEY AND ENCHANGE-M on
caN easy zoo 1919 per cent. last loan I
per cent. closed offered at I per cent,
prime mercantile paper %ni per cent.
sterling exchange easier. with actual bus
mess in bankers oils az 4S104S5lf for
demand and 4sb0fs6i4 for sixty days;
posted rates, $50 4stl4 and 4SoH4NNi2'