Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-07-27
STOCKS UNSETTLED.
PRICES LOW. AND NOT MUCH AF'
FECTED by LATE Squirt.
MONEY INCLINED TO FlRMNESS.
Much Doubt rs to Extent of Demand
on Account of Moving Crops
wheat and Corn Higher-Pro'i-
sions Lose.
sions Lose.

NEW YORK. July 26-There was not
much change in the character Of the
trading in securities to-day. There was
a period when the market made some
show Of strength. in sympathy with an
upward movement IN group of indi-
vidual stocks. but a violent slump OF
American Mailing was sufficient to put
an end TO the rise and wipe out pretty
much all Of the previous gain. General
Electric rose IL on the opening quota
tons Pennsylvania showed signs OF
strength early. and there was a conspicu-
Gus absorption Of Rock Island. which was
attributed to the operation OF a pool.
Buying from the same source was sup
posed to account for the advance OF ia
in Peoples Gas. and for the vigorous up
ward movement in the Gould Southwest
ern stocks.
The St. Louis and Southwestern issues
were the most conspicuous as 10 activity
the preferred rising IL. Kansas and
Texas, common. advanced nearly a
point. the preferred about points ana
Wabash. preferred, Ia. At the same
time Chicago and Eastern Illinois jump
ed points. Wall streets explanation
was that ST. Louis and southwestern was
to be acquired by the Chicago ana East
eTn Illinois. and the combined properties
then absorbed by Rock Island. President
Edwin Gould authorizes denial that ne
contemplated selling his holdings in 81.
Louis and Southwestern. Utterances 10
the same purpose by Rock Island oihcldls
were published. About the same time came
disclaimers from the Ogden Gas COM
pany interests that they contemplated
selling out to Peoples Gas. ana People
Gas. lost practically all of the gam
There was a violent break OF 81 IN
American Mating preferred, and "a IN
the common, which completed the unset
ting of the market.
Prices drifted to the lowest of the day.
and were not much affected by spur
i'm the late dealings In Lake Erie ana
Western which rose. on the common, Ia
and ON the preferred 3 points Amen-
can Car preferred. was also marked up
IA New York Central was decldeuly
heavy al day. and lost over point net
St Paul, Minneapolis and Sault Ste Marie,
common. was conspicuous for "A rise OF
49,. and the preferred advanced point
MONEY MARKET RATHER FIRM.
The money market WIS inclined 10
frmness and there was some calling OF
loans. which necessitated a shiltiils'
though great difficulty was fouh9 III So
curing accommodation. Much 9oupt -
still felt as to the extent Of the DEMANDS
which will be made upon New 1orh 10
move the CROPS Discounts IN LONDON
were rather advanced. and the Bank OIL
England continued TO BUY SOlu III lle oP.it
market besides receiving consignments
from Germany Sterling exchange III
New York responded, and showed
fractional decline. -.
Southwestern mortgages showed some
strength in sympathy with stocks, put
otherwise bonds were duli ana ra "a ne
heavy. Total sales, par value. Szb-3'VD'
United states IS, coupon, declined =
but the new As. registered, advanced -
and the old As x I'm the bid price. 1890,
The total sales of stocks we're z9fyD
shares. including Atchison, preferred,
: ESQ: Burlington, 6.45O; Chicago ana Kock
island. 1925: Missouri, Kansas ana
TEXAS preferred. 1880: New YORK Cen
trail 10 Eco: Pennsylvania, 1920; St Louis
Southwestern. S.635; ST. Louis Southwest
ern. preferred. 1900; St: Paul O'ily,
Erooklvn Rapid Transit 1880; People
Gas SOS: Sugar, $3.50.
MONEY AND EXCHANGE.
Money on call steady at 3H@4 per cent
last loan at 3i2 per cent; prime meIcah-
tile paper. 3i2up2 per cent. go. -,
Sterling exchange heavy, Win dIt 10
business in bankers bills at AsiAq$io,1 p
for demand and $AS4uASA4 LOT Sky
DAYS. posted rates. A.@aA.o5i2 ana $f.ooi2i
conomercial bills, AS3n4.S3l2. ,
silver certificates 6VQ6l; bar silver oO12i
Mexican dollars. ~. , Cote
government bonds irregular. state
bonds inactive Railroad bonds irregular