The times. [volume] (Richmond, Va.) 1890-1903, 1899-07-30
SHORT SESSION,
STRONG MARKET
Increased Demand Digested Large
Volume Of Realizing.
CLOSING WAS QUIET AND FIRM.
MAJORITY Of Stocks Showing Net Gains
when the Days Trading Ended.
Bonds Held Well on Mod
crate Volume.
CLOSING WAS QUIET AND FIRM

cVEW YORK. July 29.-rhe stock mar
kot for tO-days short session was Iv"5'
A large volume or realizing was wen Nl-
gestcd by reason ~ AN increased ocill"i.u
through COmmi ssl0u-h0uacs, anu iiio ll,,, !
Act stood up well under "a p.lAh ? latoiii-- i b
that was unexpectedly Wc..h' ,,o i'..,,
~ OF stocks showing net tDna WntA
trading WAS over FOR tine oa4. boiuoii
continued 20 buy stocks mere WIN colls.--
cradle confidence. ana thls Mta INC ~ 4iiio
factor in the opening RISE e1i@u IN .lc
further decline iu Hlt lii-5 ~
rates THE money market was gan htlt
nominal but there SIS cNiltIre Oh Q"to
liberal offerings of funds from OUTSIDE
sources. Tho high lcfei or i'tlH oel ,i ~. pr
iugs shown by can companies IcpoF. ihs'
an tho reported eager demand 10 puy,
borrow or rent freight cars from many
sections OF the country was "a potent
source OF strength for stocks. Northcrh
paciic. Pennsylvania and f.ttsDurg, c.,
a. AMI 81 Louis enjoyed the benefit OF
the pub. shed june statements, showing
largely increased net earnings. Burhng-
toms strong juno statement brought
The coalers v-orc helped by tho state
ment OF leligh Valley. rejecting grow
ing inur0vemcut lu the long dcpres I'd
anthracite industry Reports OF unpicce-
Contcd activity ana strength in the IRON
trade caused advances in the prices pl
steel and iron stocks. with tho exception
Of Federal Steel American steel ana
V9ro roee over a point This factor
helped tho railroads situated pm inc IRON
regions notably Louisville ana NdshFlHe
American Tobacco was marked no %
points on light transactions. ana win no
news 90 explain the rise international
Paper preferred and 'onspiludled n,ia
rose ov0r points Tho decline aIter the
bank statement was checked Toy e'od
ABSORPTION. but the recovery was not 10
the top level Tho closing was quiet ana
firm. ,... ...,.....
Of business United States BIS registered
declined is and the 3's coupon a IN the
bid price. o,,ooo
shares including Atonison pfelelI req ivy
900. burlington 900. Great Northern
f,-oferrod Is 10. Louisville. 7.1lo. Missouri
Pacific AIS. Northern Pa ilc. J.'to,
pennevIy,lnfa $500. ST. Paul at"'i
EoDfhcrn TaniGc TO 800. Southern railway
preferrod 1ges0. American steel and
tVfra CTTI. American Tobacco. 1870
Brooklyn Transit. $50, sugar oo4o
MONEY AND EXCHANGE.-Mouey on
call easier. transactions az 3 per cent,
prime mercantile paper "'.tt pt t',lt
Sterl.1lgellehauee heavy, with actual bu5l-
r,s,ss ir barkcr-. bills az 81 4Sl for
demand and at s. So 3di 1885 lot Sixty
DAYS. posted rates, ftoit2df $50, toil-
merCial bills 81 S30ae4. silver Ger llH-
Gates. GOaGGi. bar silver, Goa, McNlcdl
dollars. 4a state bonds inactive. railroad
bonds steady, Government bonds STEADY
BANK. STATEMENT The weekly bank
statement shows the following changes
Surplus reserve. decrease ......$ l.l4t,fto
Loans. decrease ...--.. -.-.-..- 600 fH'N
Specie decrease ..-..-.........- f'-il. tOJ
Legal tenders decrease ..-...... - ~
Deposit decrease .............. IT, t..po
T'he h9nts now hold SlOS11.12J I'm exc
cess of the requirements of the % per