The times. [volume] (Richmond, Va.) 1890-1903, 1899-08-17
BEARS CONTINUE
THEIR ATTACK.
But Their Campaign Proved to Be an
Abortive One.
TOBACCO AND LEATHER HELPED
by Their Aggressive Strength 10 Frus-
trstc Their Attcmpts-Tbc Mar
kct Closed Active and
Irregular.
TOBACCO AND LEATHER HELPED

NEW YORK. Aug lG-The violent r4id
maze upon the values OF aec1Iilies ~
the bear element yesterday IuIilrhru INC
tcrial for its own remedy in the shh1e
OF uncovered contracts ou the short size.
There Was "a fierce contest IN thc t"t-y
dealings 20 break prices iNftheI' tie pp"io
continuing 90 centre ine.I S't ,-,'.. , VI,
brooklyn Transit ana the local tacliOh
stocks Other members OF tne group
proved more vulnerable IMAM brooAl2h
Transit. ln which poMtilW support ~
inside interests was forthcoming, WINE
METROPOLITAN Street railway ana Manhal-
Tan Welded easily.
Ths bcst Efforts of the bears only carr
rleJ brooklyn Transit "a shade below yes
terday's figure. and friends Of the STOCK
were apparently ready 20 take an tual
was 0nered. The continuance OF the as-
RresslVc bull movement in American ana
Continental Tobacco ana strength lu
United states Leather helped 10 the dis
coWdture of the early bear movement.
when appearances began 20 indicate
that the bear campaign was dDOIllNe
there was a movement 70 cover. inc
strength embraced a. very limited portion
Of the general list, and the high-prIced
railways continued neglected and rather
heavy. Railroads in the southern region
were generally strong on the general good
business conditions ana industrial eNpdh-
sion On that region LOUISVILLE Tea oh ace
count of thc reports OF large earnings lor
thlt road. and rose an extreme lts. The
declaration OF a ] per cent dividend ON
Chesapeake end Ohio stock, the irst ln
Tho history oi the present company
helped the movement Atchis0p preferred
was strong 0u the reports of continued
large cutting down Of operating expenses.
The condition of tho money market
here showed an easier tendency dEdM
and some Ncw York banks were reported
20 be bidding FOR commercial paper Ioi
the first time an several weeks. STERLING
eANchang rose IN symPaJhy i in e Of
money in London.
The late raid by the bears to-day came
with the appearance OF real ENG SAFES iu
the tobacco stocks. Ihe\ at'ached liuSS
stocks. wipine ont the earlier gains ana
forced Sugar down to llta4, ana other IN
dustrial sales 90 Ike amount Meantime
southern Pacific continued ITS advance.
This made the close active ana very
Irregular the railroad stocks which have
advanced yielding only small traction
Tho majority OF stocks, however, are
lower.
Changes in bonds are small and irrcgu-
lar Total sales, par value, H-,laHNIn
United states new as advanced "a and old
as 1s in bid price.
Total sales of stocks were 56S 0o shares
including Atchis1u preferred. 36.3D, Cen
tral Pacific III $50. Chesapeake and ONO,
600. Chicago Great western. 300. BUR-
Angton, 1880. Rock Island, 800. LOUIS
Vile and Nashville. 1910, Manhattan,
d.sdS. Missouri Pacific. 900, Missouri
Kansas and Texas preferred. 300, North
ern Pacific, $3.50; ST. Paul. 0.Oj0. South
crn Pacific. 400, Southern railway 49,
TOO: do. preferred "a $50. American Steel
and Wire $50. American Tobacco, J3.-
40. Brooklyn Transit G3.Goj. Continental
Tobacco. 40 2iO. do. preferred 530s, Su-
gar, ~ $50. United States Leather, 2j 500;
do. preferred, g. $50.
MONEY AND ENCHANGE.-Aione on
cali easier at 203 per cent. last loan at
- per cent. prime mercantile paper ~
as per cent Sterling exchange ufm with
actual business i'm bankers bills 400 as sIit
Q4Sja for demand and 40 Sie24nfe3
FOR sixty days. posted rates. S4.N}la0
and S4.S7 ST.; commercial bills, SlNlt2
01S2. silver certificates GOisfUil-. bar
silver. cos. Mexican dollars, as. Govern