The times. [volume] (Richmond, Va.) 1890-1903, 1899-08-15
STOCK MARKET
OPENED STRONG
But Soon Lapsed Into Its Recent
Uncertain Condition,
THE CLOSING WAS IRREGULAR.
Confidence of Money Market RcIapsed
Owing 10 Uncertainty as TO the
Bahk Statement Bonds Show
eel More Activity.
THE CLOSING WAS IRREGULAR.

NEW YORK. Aug 1A-Tho stock mar
kct started or with something OF an up
ward rush. stock Exchange traders ana
small outside following had apparently
come TO the conclusion that Saturday
bank statement indicated that an NcNtd
problems in tho money market had ptcn
settled, and That ease ana abundance or
funds were now at hand The irst sharp
advance ln stocks. however. demonstrated
that the pre- sure az some heavy selling
would haye t0 Dee encountered ON any
general upward movement The market
thereafter lapscd into the spOtty COudi-
istic. A small number OF stocks showed
very marked strength but the usually
active and prominent stocks lay pracu-
Cally dormant throughout the session.
and showed FagginE tendency, which
the strength in special instances had no
eject towards c0untCracting.
Tennessee Coal and Iron advanced by
sensational leaps am extreme GM points,
giving color o. prevalent rumOrs Of
corner in tho stock. The tone was fever
ish below fhc high Lowell. and the net gain
was 3H. The announcement Of The smelt-
ers' strike settlement in Colorado en-
hanced The prices OF quito "a number OF
Stocks. including American Smelling.
which was most directly affected. Denver
and RIO Graude. and Colorado stocks.
Gains IN the group ranged from ia in
Denver and RIO Graudo 90 "a in Colorado
Fuel preferred. The smelling stocks rose
as and Ok respectively. The railroad
stocks 20 show strength were compare
lively fcw Tho Chicago Great Western
donbentures started downward after their
notable rise on Saturday. and arc nearly
points on on the day. but the preferred
a stock is mp over . points and tho pre-
ferrcd p stock over "a point Besides
these there are notable gains I'm the j..
c.. a. and S.. Louis stocks. Louisville
Kansas and Texas preferred. the Mime
ap0lis, 81. Paul and S1ult Sic Marie
stocks: Cleveland. Lorraine and wheeling
nrrfnrrrH NEW York l'HfrHEn ana 81
Louis stocks. and some Of the low-priced
railroad stocks. Confidence over lhe
money situation bad "a relapse the con
vfction growing that the saturday bank
statement may nor Doe fair reflection or
Saturday condition of the market. bn-
casiucss and depression were also reflect
ed from abroad. political disquict I'm
France and advancing money on London
and Berlin threatening some pressure OF
liquidation from those quarters should
this cJutrys credits bee called home.
Whatever ease is manifested the money
market is realized to Dee due 90 the
quietude Of speculative markets the world
over. and conservative heads IN the
financial world are inclined TO frown
upon an outbreak Of speculation.
The closing of the market was active
but extremely irregular. People Gas
mounted above I'D on the announcement
Of the acquisition of the Pullman Gas
Company while other stocks tended
downward Net changes are mixed.
The bond market showed increased nc
tivity. Kansas and Texas seconds leading
Prices are higher. Total sales. par value
s. Isl O0O. United States 3's and 2's ad-
vanced y and the old rs registered * i'm
the bid price. ..
Total sales Of stocks to-day were 1920
shares. including Atchison preferred. 1o.-
go: Chesapeake and Ohio. 500, Chicago
Great Western. 1855. Chicago. Burling-
ton and Quincy. TO7O. Louisville ANA
Nashville, GOO: Missouri Kansas ana
Texas preferred. 20375: Northern Pacific
1900: Pennsylvania 900. s. Paul, G""l'
southern railway 5000. do pre9erred.
can Hoop 100; American steel and
Wire. 2577O. Tobacco. 46l40. Brooklyn
Transit 141I4. Colorado Fuel and Iron
q $50. Continental Tobacco 10000. Fed
erai Steel 1.2GO: Peoples Gas. 25tt5;
Sugar. Il 500. Tennessee Coal, 2lSIJ;
United States Leather, 1879
MONEY AND EXCHANGE.-Mone on
call easier no 81 03 per cent. last loan
az 2 Der cent: prime mercantile paper. !
NtG5 Der cent. Sterling exchange firm.
with actual business in bankers bills az |
81 cfGf SCI for demand and at 81 GL
S2a4 for sixty DAYS posted rates - Nt'2
~ ~ and Sfe704 S74. commercial bits. /
f4Gh. Silver certificates. 0Oisn6l; bar /
silver. coz: Mexican dollars. as Gov |
crnment bonds strong state bonds mac /
tive. railroad bonds strong.
LONDON. Aug. 14-American securities |
~uonod frmcr in RESPONSE 60 better over !
night prices from New York and were !
well maintained throughout the dav. (
Tho closing was firm, with moderate |
demand