The times. [volume] (Richmond, Va.) 1890-1903, 1899-08-25
CLOSING WAS
RATHER HEAVY
Demand for Securities Expended It.
self in the Early Trading.
GENERAL TENDENCY DOWNWARD
And Realizing Was i'm Evidence All
Day-DOnd Market Was Active and
Some Speculative Issues
Showed Gains.

NEW YORK Aug 2i.-Tho demand for
tecurites mostly expended ltaed ln 'he
early trading to-day. and the Wcisht OF
Seanziug sales became more burdensome,
and at the last made the general tendency
uOwnwards, although The marking up OF
Few stocks al the close 10 t'p prices
mace 10 irregular. Northern racine ana
the Union Pacific stocks rose Go top prices
sn the final dealings. There were quite
. number OF rather obscure Stocks whlch
held good gains throughout, but the ear
Tier rise IN many cases was almost wiped
out The market started of well under
the cheerful tone Of foreign markets An
early drive against Tennessee Coal. which
carried 10 down 4 points caused a mo-
mentary halt. especially la the Specialize
Yesterdays strong upward movement in
Tobacco was resumed. carrying that stock
70 l3lla and causing sympathetic gains Of
between i 10 points IN other leading
specialties
There was n large demand for Union
Pacific. Northern Pacific and Baltimore
and Ohio which lifted those stocks ABOUT
j point each. There was good buying or
St Paul which advanced that stock an
extreme "a. but the other prominent
grangers did not respond
When Il became known, after noon.
that the directors Of the Continental To-
oacco Company had failed 20 declare
dividend. as many spectators had hoped
they would, there was a drop in the to-
bacco stocks which reached 2s I'm Amer-
can Tobacco. Sugar. Brooklyn Transit
and Manhattan responded In sympathy
and q number of railroads lost a point
The market drifted rather uncertainty for
the rest Of the day, except for some
strength in individual stocks. The redrc-
ton OF the dividend rate in Consolidated
Gas. although IL had been fully expected.
had bad effect ON the market Tie STOCK
itself Vibrated feverishly over points
and closed 20 q fractional loss. Ihtre
was quite a notable display of strength
By group of the minor granger roau-.
Including Chicago and LdS ern Illinois.
Shore and Atlantic preferred. Minneapolis
and St Louis. the Wisconsin Central
stocks. Iowa Central preferred, and Dcs
MOines and Fort Dodge. Gains i'm this
group ranged from 4 TO az points. the
latter St Paul and Duluth. Other iso-
lated points Of strength We're Ontario and
western. chesapeake ana ono. Cleye.a.ll.
C.. G. ard 81. Louis; Cleveland Lorraine
and Wheeling preferred. the Reading
stocks. the Colorado Midland stocks and
Detroit Gas.
Realizing was I'm evidence an day in
some of the southern and southwcs -ern
stocks which had shown decided strength.
and this, combined with renewed weak
ness in the spccialtcs. made the closing
rather heavy. except I'm the cases named
Money market conditions abroad ace
counted for the cheerful sentiment from
that quarter. and the London buying of
stocks here had its effect Ia the fractional
decline i'm sterling exchange. So also had
the stiffness Of the local money market
which ruled firm AT about = per cent.
The bond market was quite active. and
number Of speculative issues showed
advances. Total sales. S}.226cl0. United
States old as regular declined u and the
0s X I'm the bid price
Total sales Of stocks to-day We're flO.Io1
shares. including Atchison. 800. Baltic
more and Ohio GOIj. Chcs1l axe and
Ohio 1850: Rock Island. and Pacific ~
80. Denver and Rio Grandc preferred
COCO: Iowa Central. GSi3. Louisville and |
Nashville. $50. Manhattan. coo. Mis-
souri, Pacific. 30 go. Norfolk and Western. !
- f2J; Missouri Kansas and Te1as pre-
ferred. $3.50. Northern Pacific. $40. on
tario and Western. -. 800. Reading first |
preferred Is GO. ST. Paul 1920. south |
ern Pacific 5000; Southe-l railway |
Il $50. Texas and Pacific. 1880. Union pa- /
Cihc. II 40; Union Pacific preferred !
go: Wisconsin Central. f2l', American /
e o25. BROOKLYN Rapid Tran it. /
1920. Continental Tobacco. - $50. do. |
preferred $3.50. SUGAR H. ~. Tennessee
Coal and Iron, 1890, Jnued states
Leather, 5000
MONEY AND EXCHANGE.-Money on
call steady M 2i.N3 per cent last loan
NJ per cent. prime mercantile paper.
iZNj per cent Sterling eXchouca casr.
with actual business i'm bankers bills at
81 SGh "A. Si1a for demand and at Sf'3U |
1 S3it for sixty DAYS. posted rates Si>4G
S7is. commercial bills S4S2. Silver c.r-
ihcates. Gl0G0ia: bar silver 80 l1-1G, VI .V-
can dollars t--L Government bonds |