Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-07-20
STOCKS STILL DULL.
ms TRUE OF EUROPEAN MAR
l>Ers As WELL As OURS.
SOyg EARLIER GAINS WIPED OUT.
ABLY ts This the Case In the To-
,,cco ShnrcS-Mhcnt, Corn, ana
oe+s Io,vcr-ProviSIons Generally
r,changcd-Othcr Markets.

~-W YORK. July l9.-The intense dull
... ~ the stock market continued 20
=. Che main feature Of the trading to-day.
-. r,r some time past. Not only was sc
a., az the New York market, but Of the
.-.,trcntal and London markets as well.
..t ejaculation at different exchanges in
49,. rrtcd states was reported In the
..-,r dom and neglected condition. The
.r.r. speculative world maintained it's
....,r attitude. Many factors which
,.ve boon adduccd 10 account for the
,...non have been successfully ellml-
..... and the hesitation stin persists.
o.. ls.rs took some heart of grace from
,.. continued disinclination 20 advance.
,-5 ...dc quite a vigorous attack on the
~, York market late to-day E.rlor
Elm. a some OF the Specialtios were
,-.. out notably I'm the Tobacco stocks,
i- S.-.r and in Stoei and Wire. and the
yr.. market dropped 20 The low level
,ttte day. Missouri Pacific and Wabash
,-...-r.I . led the decline. the latter vi u
.r.tr.ss az ID The Changers all weak
and sharply, and Atch.son, preferred
ga. notably heavy In tone Brooklyn
r...- lost the greater part of yeslcr-
..r. gain. and Manhattan dropped "a
,.-t below last night Metropolitan
Sine. Railway, on the contrary, resisted
che l.-lining tendency. and closed UNI
c-.d. Federal Steel, common. fell
,,.r heavily . points in the late trading.
Crbuch the public announcement that
r. judicial injunction against the dis
t-hiron of the dividend declared on the
s...E had been continued WAS not mace
r.tl after the markets close. New YORK
AR Brake made "a mcteoric display On
y.sforiay's judicial decision affirming the
validity OF one of it's patents. The stock
onened up Il points and then fell z.
POINTS. and closed with net decline oil
point The close was at 200 bid ana -.
asked.
Tha market enjoyed period OF some
strength in the early day, but tronsac-
lions were on such "a small scale as 90
Iond little significance 20 the movement
of prices Money continued 90 Work
rathey lower but Is still above the rates
at other domestic centres.
FEARS OF GOLD MOVEMENT
Fears OF "a gold movement seem 20 eE-
eraise "a reflex influence between London
ana New York. New York is in FEAR
t.at the money stringenoy in London and
OIL the Continent will draw gold from
bore as our rates work lower London
is IN fear that the coming export move
u.lt OF merchandise from the United
states will emphasize the strinsency
abroad and so prolong the stagnatlon oil
SPECULATION. The consequence Us a wait
r- attitude at all points.
Ropds were intensely duh, and prices
moved slugeishly ia both directions. TO-
III sales. 81 .SglO00 United states . $,
r,rrou advanced Is and the old As,
r.r'stered. and the new As, registered
Ii In the hid price
m. total sales Of stocks were &l,50J
shares including Atchison preferred, g.
c,. chicago. Burlington and Quincy, s.
g.. Rock Island. 1905; Manhattan, 1883;
N.u.r..an. $500, Missouri Pacific, To-
~. St PAU, 1850; American Tobacco
NO. F slyn Transit. 2oSD; Federal
Sol fa Sugar. 1855; Leather, 6,iS2.
MONEY AND EXCHANGE.
Money on cali steady at 21-2Q4; last
ll a. per cent; prime mercantile pa
- 5l--441-2.
Sterling exchange steady. with actual
business in bankers bills at A.S' l-2Q
AC.4 for demand. and 4Si IA for sixty
GAYS. posted rates. $.&Q$tS6 and %.Ss4
1912: commercial bills, A&a$fS IA.
Silver certificates, GJH5l. Ear silver,
G. Is Mexican dollars. IS.
Government bonds strong. state bonds
Inactive. RAILROAD bonds Irregular.