The times. [volume] (Richmond, Va.) 1890-1903, 1899-07-11
STOCK PRICES
BROKE HEAVILY.
Close Money Precipitated Liquidation
Among Spectators,
BONDS GENERALLY WEAK ALSO.
Southern and Southwestern Railroads
aud the Steel Stocks the Only
Ones that Showed Resistance
20 the Decline.

Nf.v voV1c Juiv 1O-Thc continued
flghtncss iu Che money in.i Nel 49,
tatcd liquidation Of aI'e Aia,iNN a. .,i,,o
to-day. which resulted in ioseea i' Nelue
renrint- frofn ono dollar Go three dollars
"a share in al the principal actiVe STOCKS
traded in ..,,,,,,.
markell Tho ODeuinc ON the exchange,
@~T 9c f,. fav progressed the successive
calling off loans resulted in the marking
,fu I'D fna ratio for call loans 90 per cent
This rate forced many sPecuiatois on t ,.l3
lone slide To- close ont. There was special
-,o.rfs " weakness besides in one or two
prominent stocks, of which inc pears
wen. Quick to take advantage. ana Whlcn
were 40 potent influence ina the kenel"
continent fHNorlng a decline. Mohl com
.nI.t.rra of these was Peoples Gas,
which opened 40 III AGAINST l-Jli on lne
1aef ealc Saturday. There wcro heavy
offerings OF tho stock. but deteImlneo
support worked "a quick rally or ia. Al
forwards 10 Zen below the opening price,
and closed with a net loss Of nearly
points The demands made upon the
Acfror0iitan Street Railway company on
behalf ~ its employees. and the danger
III . costly strike. caused the stock OF
that company 10 drop J's az one llme'
All the local traction stocks were anec'-
oil symuathctically Manhattan losihG
points and Brooklyn Rapid TRANSIT .oEtl
0n the day. sugar also was notaoy
I'm the railroad list tho weakness was
more restricted to the stocks Wh.'u ~ ~
been recently pushed up by spe u
manipulation Pennsylvania New 1"Ih
Central. AtchisOn preferred, tsui iili- 'vll.
Reading first preferred. ana olIcI
eguauv prominent iu the speculative
world. were at one time - points ol ul1LL
below Saturdays prices Ihe ei.tiiIHIa
generally. the coalers and the Fuhh ,iil,7
declined from 10 points. me sos, "
and southwestern stocks. as "a I".1. ,,,,
49, resistance 10 the decline. ana tncir het
io-eos arc for the most part suau lIat-
ffonq Tho steel stocks also were hiue
anoctod bv fho prevailing weakne-~
The brake in prices was que d" "lo..tlll
collation. of spectators as To- the pcilon
cf relief expected in the money marfet.
Teraurn was an eager bidder Tor tolu lH
tho London market to-day. ana inc Iale
Of discount in London was marked mp
Fraction. although call money was easier
fNrr. 'Thr cqllloan rate went 20 per
cont fu New oYrk hut tho only erect
ON tho sterling exchange market "e7
Pan Of O. fraction in the rate Tor lohs
standing The pressure on LONDON was
r---, rra~fa and was reflected here in
ealre estimated as high as 5000 shares.
The shrinkare In values coming ON lH'
low level OF New York bank reserves.
nooeeeffated the calling or loans. Whl.h
in many cases 80 was found diHicuit 70
replaro with other acCommolauoh- me
market showed very feeble raINinf
mower and closed very slightly above the
lr0west .- ,,-.o
demand for 81. Louis and southwestern
seconds which gained ~ per cent aH
~ which was subsequently lcs'' noho-
generally were weak f0ial 7aIeS' HI
value. So T5T 600 United states . req
tered ATTAINED X and the ola AS regis
tered declined 1t BOB the bid price. .,-,o
Tho total sales of stocks were fff.'"
shares. INCLUDING Atchison, lol'u, go Pr
fcrrrd c. $40. Chesapeake ana ONO H.
$40: chicago. Burlington and quincy. 90
sss0: Louisville and Nashville. bNl". Man
haitian 9s SO: Metropolitan street rali-
wav Q.T10. Reading first preferred, ",i,p'
Missouri Pacific. 1902, New YORK CEN
t~ai 10 G-E. Norfolk and Western pre-
farred. 3O15 Northern PACING. ,Ilo; on
tario and Western 300; rock l9laail'
1915. Union PncsAc 9e9l, 81. Pau. -
1o5. Southern Pacific. 5000. Union ia.
cf0c n~eforred. 0e10. American steel ana
Wire o 1G0. Federal steel 6.e3i. People
Gas. 10 60 BROOKLYN Rapid Transit. 3d.
80. Continental Tobacco. 1870, sugar.
a1 a0O. Tennessee Coal. 13.ol5; Chicago
Great Western, 10000.
MONEY. AND TXCHANGE.-Money on
cali hrmer Of 5frT ucr cent. last loan
M 90 per cent; prime mercantile paper
9Of pcr cont Sterling exchange easy.
with qc+7ial business in bankers nllls ar
~ qTH Tor demand and al 81 Sl M Ntt,
sor sivtv days. posted rates, SielAlt4 ~ii2
and 81 ssh. commercial bills. S4S3lenlSl.
silver certificates GpNGt. bar silver 0fS
1fexican dollars. 47as Government bonds
IRREGULAR. State bonds Inactive railroad
bonds firm.