Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-07-23
STOCK MARKETHEAVY
AN UNIMPORTANT AND EVEN AN
UNsIGNIFICANT AFFAIR.
BLINK STATEMENT BRINGS REALIZING.
This Carries Prices on I'm Some
Cases, But Offerings Are All Well
observation-disclosures Somewhat High
cr-ProyisionS Unchanged.

NEW YORK, July 22.-To-day's stock
market was an unimportant and even
an Insignificant. affair. London mani
rested some continued interest fl Ameri-
can securities, marking prices rather
above the point reached on this side. even
on the opening rise. The opening adj
vance here quickly succumbed TO the
sympathetic influence OF a reaction i'm
sugar. which lost somewhat over a point.
HeaViness in a few other Industrials
helped 10 hold back the market, but The
bears were no more disposed to operate
IMAM the bulls, and the market held sus-
pended near last nights level. The bank
statement brought realizing move
mont which carried prices off in some
cases apart from the rest. Rock Island
and few other stocks, which have been
going up for several days past. being
most affected. The offerings were all
wei absorbed. and quotations closed not
far from last nights close. The heavi-
ness prevailing had TO. with the extreme
ldasltude Of the trading.
The American Iinseed OIL and Iowa
central stocks showed good advance in
prices and the Fort Worth and Denver
city lst mortgage bonds rose ia, on the
requirement OF trackage rights between
Denver and Pueblo from the AtchisOn by
the Colorado ana Southern which con-
uois the Texas road.
THE BANK STATEMENT.
The bank statement showed the surplus
reserve increased by reason OF a con
tfacuOn IN loans, as was expected but the
loss OF over million I'm cash was a dis
appointment. In view of the low rates
LOT money prevailing a interior centres,
IL was expected that funds would have
10 De attracted to New York during the
week. but no such movement Is reflected
in the bank statement.
The continued high rate OF sterling ex-
change causes some anxiety, as well as
bcwilderment. In view Of the lower dis
count rates in London. ana the marked
disposition Of London TO buy stocks in
New York in the last few days. The
sterling rate has only yielded fraction,
and still hoyers within a cent Of the gold
exporting point.
Dealings in bonds have been dull, and
some issues fen away in price. but others
moved upward on active demand. United
States IS, registered. and the IS adj
vanceC H. and the Cd IS. registered, "a
and old As. coupon. Y in the bid price.
The total sales Of stocks were Jl5,OO
shares. including the following: Atchison.
preferred, 1909 New YORK Central, 3'foy
Reading. first preferred, 500; ST. Paul,
G.JO0; Sugar, $500
BANK STATEMENT.
4 ne HtthlN Uhllk rltAtNlll'iAA HiAVNo AAAN
following changes:
Surplus reserve. increase. Sl,3J6,SJO
Loans. decrease, $Ss2S, 800
Specie, decrease s. 6G4.40
Legal tenders. increase, N,0l5,3O.
Deposits. decrease. $l2.023.S00
Circulation, decrease, $4,000.
The banks now hold $l2,0 COO I'm excess
Of the requirements OF the % per cent.
rule.
MONEY AND EXCHANGE.
Money on call nominally 3a4 per cent
prime mercantile paper l-24t II per
cent.
business in bankers bills at SLS1 $50
SfG IL for demand. and 1874 1-i4A@ -
for sixty days; posted rates, SLNU5LS5
and $i.SSQ$i.SS II; commercial bills
$fS3 -
Silver certificates. 6Oa61. Bar silver,
co 3-8 Mexican dollars, 4S.
state bonds inactive. Railroad bonds IT.
regular Government bonds irregular.