Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-07-22
STOCK MARKET DULL.
FIRM TONE, HOWEVER, AND
FINAL PRICES HIGHER.
SCOPE OF TIE DEALINGS BROAD
Remarkably So In View of Prevail
ing Conditions-The Tobacco shares
Make Sharp Gains-The Grams
EOWer-0tber Markets.
ing Conditions
Lower-Otber Markets.

NEW YORK. July 21.-The stock market
was dun to-day for the general list, but
there was a firm tone. and final prices
were higher than those OF last night. The
Changers were especially in good demand.
and ruled for the greater part Of the day
at about a point above yesterday. Bur
lington and Rock Island showed special
strength. and there was some evidence
Of manipulation in these two stocks.
Much talk was heard Of Burlington s
large earnings for June, and rumors were
a1Oat of a coming increase i'm Rock
Islands dividend rate, which was how
ever, without official sanction. London
was a decided factor in the days higher
prices, and buying for that account in
New York was estimated as high as ~
900 shares, principally Of Louisville and
Nashville. Money conditions were appa-
rently much easier ia London, ana lhe
sterling exchange rate here worked lower
I'm sympathy. in spite OF the lower ten
dency OF local money rates. All apprehen-
sion of shipments Of gold was dissipated
early in the day, with a benehclal effect
on speculative sentiment The Influences
from abroad were all faVOrable' eNcepl
Il fall in French rentes and decline IN
the sterling exchange rate at Paris, winch
suggested increased money needs AT thd'
centre.
SCOPE OF DEALINGS BROAD.
Considering the dulness Of local stocks,
the scope Of the dealings was remarkdDly
broad, a large number OF usually lnactlVe
stocks coming into activity, ana fegl1leI
ing sharp gains. Among these were Amer
lean Tobacco Company. Colorado SOuth-
ern first preferred. Mobile and ONO, Ma
tional Biscuit, Des Moines ana OF
Dodge Pittsburg Chicago, Cincinnati any
81. Louis, General Electric, ConuhenIal
TIL t,rafrryII C.1aVqnn E-lgf. the
Smelling stocks. Illinois Central, Lead
Mailing preferred, Pacific Mail. Iowa Cen
trail preferred. Chicago Great western pc
ferred, and American Hoop preleiitu
which rose between / and points each
American Linseed Oil. preferred. gained
L. Not all Of these gains We're held
the market dropping away somewhat III
the intense dulness Of the late trauInS
The local Traction stocks were heIu
I'm pretty good demand. Brooklyn Iransl'
rising an extreme ~ and closing up IS
Sugar was inclined 10 be heavy through
out the day, on rumOrs OF new uSNoioP
ments in the opposition. some hesl a..
tfon was caused in the late dealings Dy
donbts as 10 the character of tO-mor'
rows bank statement. the changes IN lht
cash item being predetermined IIlSe'
were marked up In some cases just be'
fore the close. giving a STEADY tome u
the final transactions.
BONDS DULL But HIGHER.
Bonds were dun but prices We !, .,'ii7 "a
~ higher. Total sales, par value; $ioJs,'oI
United States SIS, registered, ana the M"
a.. declined y, while the ola IS, regis
tered. advanced Is in price.
The total sales Of stocks TO-DAY WeI'
a9 $50 including the following: Atchis0, ,.
preferred, o 200: Rock Island, 2r2ao' ~
nois Central $685.; Missouri Pacinc' syv9
Reading. 1st preferred. $3.50; 81 LOUIS
and southwestern preferred, 500, ~
paul. l.. SO. American Steel and wire
T 05O. American Tobacco. 100; Brookly J
Rapid Transit. $500; Pacific Mall o'-+0
Sugar, 1Al2o
MONEY AND EXCHANGE
Money on call steady at 3isq4 per cent.
last loan at 3i2 per cent; prime meIcdH
tile paper, 3i20pa per cent.
Sterling exchange easier. with actua
business in bankers bills AT SlS'esaA y: % !
for demand and at $L8il444 Sil2 Tor :, slX ~
DAYS: posted rates. N.SoQSlS ana Sf'oo4
s4SSl9: commercial bills AN3lz. o,,.
silver certificates. 6O46l; bar silver, oy5s
Mexican dollars, Is. CO..
Government bonds irregular. Stal'
bonds Inactive Railroad bonds firm.
BANK CLEARINGS.
The total bank clearings for the week j
the Tinted states We're Sl.6Sl, 62O4l; pei
cent. increase 461. Exclusive OF New