Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-07-29
STOCKS OPEN STRONG.
TRADERS GENERALLY RANGE
THEMSELVES on LONG SIDE.
A LATE REALIZING M0YEIEkT.
IL Carries Prices Down from the
Best, and the Market Closes Dull
and Easy-Whcat Higher-0ther
Markets.
Markets.

NEW YORK. July 2S.-To-day's stock
market was strong early, and traders
generally ranged themselves on the long
side The shorts took alarm from yes
terday's rise, and the continued upward
tendency this morning. and covered rather
extensively. London market up before
the opening here. and brought a consid-
cradle amount in this market. The sem
timental effect Of this buying was even
more pronounced than the direct demand
FOR stocks The recovery in French
rentes In Paris also had a stimulating
effect and part of London's buying Of
Americans was reported to be for Cont
mental account Taken all i'm all. there
was sufficient demand for stocks to run
the forenoon business up TO within 10000
shares OF yesterdays total transactions,
and considerably over the total for some
days Of this week. Business fell off,
however, very notably in the afternoon.
The public showed itself still coy about
coming forward. and bull operators in
consequence proceeded to take their profits
on the advance. The stocks which ad-
vanced yesterday and the day before
were especially affected and in a num-
Der Of cases were carried below last
nights level. The St. Louis Southwest
ern, Kansas and Texas, preferred Lake
Erie and Western, and the Trunk Lines
were examples. There was neverthe-
less, an appreciable increase i'm commits
siOn-hOuse business. This was cOnspicu-
Gus in the Changers, Burlington leading,
on account of the benefit TO the crops
from rain. The COalers were notably
strong, on the approaching operation Of
a higher scale Of prices. and Lackawanna,
which in addition enjoyed the benefit Of
a reported combination with New York.
Chicago and ST. Louis, rose an extreme
| Of points.
Louisville was the leader Of the market.
| considered as to both strength and ac-
tivity. 1t closed at the top price, a net
/ gain of 2as over yesterday. Since the
| dividend OF per cent. was taken OF. yes
terday morning the stock has risen AZ
| points. There was an active demand fOr
| Sugar all day, and the price went 10 1918
| National Steel was strong on the report
| ed requirement Of new property, and
! Brooklyn Transit rose an extreme Of Ia
| There was a bclated upward movement
| I'm some OF the Southwestern stocks not
! heretofore affected. Denver and Rio
! Grande, preferred. Southern Pacific. st
and the St. Joseph and Grand ISLAND
stocks gained from l TO points.
CLOSE DULL AND EASY.
The late realizing movement carried
| prices down from the best, and the mar
ket closed dull and easy. Tomorrow.
| Ddnk statement - fAIfNNAtu ~ silVM an
| other loss in cash, owing 10 operations
at the Sub-Treasury, though there hal
| been a net gain on the interior movement
| Sterling exchange was weak and lower
on account Of LOndon's buying stock
here. and on an increased supply of com
! mercal bills.
Bonds did not respond fully TO tn
| strength in stocks, but prices are gene
rally higher. Total sales, par value
| S212S,O0O. United States SIS, registered
] 4 a.. h. 4 wiz
The total sales OF stocks were 465, ~
! shares. including Atchison, preferred
1850; Rock Island 1910; Burlington
| 25275: Delaware, LackaWanna and West
ern. 5000; Lake Erie and Western, 5O5l
| Louisville and Nashville. 1859; Manhat
tan, $40: Missouri Pacific, u.5SO; North
| ern Pacific 5000: Reading, 1st preferred
II fS0; ST. Paul, l2,42j; Southern Pacific
1850; Southern Railway. COS; Souther
| Railway. preferred 1850. Union PaciilC
GEO: Union Pacific. preferred, 6,225; Ameri
can Steel and Wire, 100 40: American Tn
Plate 1880; American Tobacco, 2I5i'
| Brooklyn Transit. 36,fg5; Continental Tc
baceO, 1925; Continental Tobacco, pre-
ferred 5S25: Peoples Gas, 500; SuSal
56,5A; Tennessee Coal and Iron, 9OoO.
MONEY AND EXCHANGE.
Money on call 3i2d4 per cent; last loa
at 3i5 per cent; prime mercantile papel
352Hp2 per cent.
Sterling exchange weak. with actua
| business in bankers Dllls at St-op"Ftot ~
demand and - S35s for sixty days; poste
rates. $4SieH4.S5ia and $4SSa46Sl2; con
mercial bills. SASqS4d
Silver certificates. 6Esq6l; bar silye
60l4: Mexican dollars, IS.
! Government bonds firm. state bonds II
active. Railroad bonds strong
BANK CLEARINGS.
The total bank clearings for the wee
| I'm the United States were 81 iS3.335,Sl
per cent. increase. 1872. Exclusive &
New York, S59l, l29 49, per cent. increas
40