Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-07-19
A STAGNANT MARKET
DULL TINES At THE NEW YORK
STOCK EXCHANGE YESTERDAY.
MONEY WAS RATHER EASIER
Railroad Earnings still Break
RccOrds-St. Paul Led Ycstcrday-
Little over Quarter Of Million.

NEW YORK, July 1S.-The stock mar
ket continued dun and neglected almost
TO the point Of stagnation to-day. Prices
drifted quite aimlessly up and down. ex-
cept in a few stocks, which were in
nuenced by individual causes, and net
changes, for the most part, were very
email. The opening showed some slight
animation and higher prices, In sympathy
with London, which had advanced Ameri-
cans before the opening here, and which
seemed to take more cheerful view Of
the general outlook. The money out
look there was reported rather easier in
tone. but the Bank Of England continued
to do practically all of the money-lending
at rate well above its official minimum
rate Of discount, and sterling exchange
at continental centres showed additional
sharp advances.
MONEY EASIER IN NEW YORK
In New York money was rather easier
in tone, but the rates still continued
above those at some other domestic CEN
tres, so that the sterling exchange mar
ket, though hard, was not quotably
higher. 1t is intimated that money
rates may be held up in New York TO pre-
vent an outflow Of gold and the addl-
tiOnal suggestion is heard that Chicago
may supply London with some gold on
direct movement. There are increasing
offerings Of Chicago funds in New York
RAILROAD EARNINGS BREAK REC
ORDS.
Statements OF railroad earnings con-
tinue to break previous records, ST. Paul
leading to-days returns with its second
week of July increase Of S25l ,533 over last
year To-day's recovery In Brooklyn
Transit amounted To points net, and in
Metropolitan street Railway 10 ia.
Notwithstanding the favorable incidents
the local stock markets showed no in
clination TO follow London's early lead
and the opening gains were soon lost.
The only movements Of any Importance
were in isolated stocks-mostly Indus
trials. Sugar ana Manhattan showed
early depression, which was not entirely
overcome in the case OF the latter, though
the former shows a small net gain.
American Smelling rose at one time
23-S. and General Electric 81, but both
reacted point. Air-Brake rose 8 points
and then dropped II.
THE TOBACCO STOCKS.
The Tobacco stocks came into late de-
mand and gained from ] II to 23-S-the
latter I'm Continental Tobacco common.
Rubber. preferred; Leather. preferred:
Tennessee Coal Tin Plate. Federal Steel,
Peoples Gas, and few other stocks had
periods of strength. New York Central
more than recovered yesterdays decline,
and some frmness was manifest among
the Changers, Pacific. ana trunk lines, but
the COalers. SOIthwesto,ps, and South
crn stocks showed a slightly yielding dis
position.
The whole days business footed up only
little over "A quarter Of a million shares,
and Brooklyn Transit. Sugar, and Man
haitian absorbed a large proportion Of
this.
THE BOND FEATURE DULL
The bond market was also very dull,
and price changes were small and mixed
as in stocks. United States 3s, coupon,
declined =. and the old As. registered,
a. while the old As, coupon advanced
"a In the bid price. The total sales of
stocks to-day We're 262.G0O shares including
the following: AtchisOn. preferred, 125JJ,
Burlington. $3.50; Manhattan. 81 .57j; Mis-
souri, Pacific, 900, New York Central,
1850; Northern Pacific 519; st. Paul.
1J1G0; American Steel and Wire. 1900
American Tobacco, Goo; Brooklyn Tran
sit, 1880: Continental Tobacco, 1925.
Sugar, 1850.
MONEY AND EXCHANGE.
Money on call at 3Qi per cent; last
loan at 49, per cent; prime mercantile
paper 3l2If2 per cent.
Sterling exchange steady, with actual
business in bankers bills at sis7190
SAS7& for demand and $LSiaSLSf4 for
sixty days; posted rates, $LSG{LS6 and
$LSSa$4SSia; commercial bills, SLSie
Silver certificates f0GGf. har silver coz .
Mexican dollars, IS.
Government bonds irregular. State
bonds steady. Railroad bonds irregular.