The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-07-27
FINANCIAL AND COMMERCIAL.
"WEDNESDAY. July 20.

Thotendency ofto-day's narrow stock market
was in the main reactlonary Slightly higher
rates for oney abroad. particularly for carry
ing American stocks until the next fortnighty
settlement on the London Stock Exchange. re-
duced foreign arbtrage operations to almost
nominal figures. The absence OF domestic sup
port. either by the public or by important In
terests. left the market in the hands Of profess
sional operators. and as these are 10 the main
bearsh, chiefly because OF the dulness OF tho
market. lower prices were made Tor the ma
jority OF the list. The Industrial shares and
q mum Der OF the less active issues were the prin-
cipal sufferers. The market for railroad stocks
was comparatively firm because OF the excel
lent gross traffic returns for the third week OF
the current month made public to-day and also
in anticipation OF tho good showing OF net re-
suits for June that will come to hand before
the end Of tho month. The strong features in
the railway lists were Missouri Kansas and
Texas preferred. st Louis Southwestern pre-
ferred. Chicago and Eastern Illinois. Lake
Erie and Western issues. Louisville and Nash
willie and Wabash preferred. In Granger stocks
there was moderate amount OF profit taking
by speculative holders because Of the falling
Off in the extraordinary movement OF last
years cereals to primary points.
Tho features in the Industrial group were
Consolidated Gas. which was strong on ru-
mors that the gas rate war may be terminated
in tho near future; Peoples Gas. on reports OF
an impending settlement with the Ogden Gas
company: General Electric. on lhtlmatlohs
that current earnings Will warrant an increase
in the dividend and Tennessee Coal and Iron.
On the other hand. American Mating issues
were weak and sustained material net losses
The action OF these stocks has uEqnestion-
ably been very DISAPPOINTING TO speculs-
tors because the promoters and man.
myers of the American Mailing COMPANY
nave never ehdeaVoreu 10 manipulate anu
.. ,i.S, 49,.
W ~ - ~
NI,itinc socuritios hv en1o,vorin, In an osten-
tntious nd threatening manner to obtnin in
formation regarding the affairs of the company
that would unhestatingly have been given to
him an,no TINA MOO had bo onnlied for the some
In noreon An account of bis norformonce ia
,,.t,,.a, T., The. ,,I,,,,
,rta onn,,'n ,oar,,,, D., .ho ,.,.oro,,,
~ q, ~ ~ - ~ Wv t
oi''s oiilcels ID uo'hK .areer anu LhoIe pro-
Rao'e business IMAM ies' year anu WIN p'oo-
ABLY snow Tor the current lscai ana caIehuar
common stock. Like IN, great majority OF
manufacturing and mercantile concerns. 1t
does not sell its bills receivable. but Issues Its
own papcr whenever il FISHES temporarily to in
craaae its working captal to purchase raw ma
teri,l Tn. Indebtedness thus incurred ia not
largo IN comnorison with tho volume Of busI.
900, ,ransootad no tho oomn,,v .pd ,aon on
~, 49,, aor,nonv h,o o.,,,,,rts .nd h,lIo roooir-
-, '". 10y - 49, A., 49, =, a..
no,o gu" e " ' " e''' " " "
''0 ,o,, -
oon''e '''i ~
ness upon its pants ana large ho'a'hgs OF real
estate Inc Closing Oh 'he Block market was
dull and in the main heavy.
New York Stock ExchanRe-Sales July 90.
UNITED STATES AND STATE BONDS I'm 81 OOOs)
,reo ,o,.,,o,I
e., an. 'o"
ioo""A oo's
CLOSING PRICES OF UNITED STATES BONDS.
Bid. Asked Bid. Asksd
Tn St,rr I'm STAR
ntplof alOOH lp25l2oA 1904
fs8sl0 I'm st $50
1918 r. OSL OSA 1928 laO l3Ok
ls8slgos. I'm st 5sr
1918, ..l0S& 1904 1o04...lll ~
In St4s.r. I'm st $50.
1po7.....l IN ] IN loo+....1 an 3s
lnst4sc Usss6sr
1go7ll3 ia 1ea4Dcllo
RAILROAD AND olhhp BONDS YIN sl,ooos'.
rs Atch adj g.. $50 / Mo Pac col LIST
BIS ................. $50 bs............. oSH
2 ................ IS ! No Pao 5s.... 09H
3 Ateh gen +s..s. Ol}s P prior a. O3A
a2l ....".........lO1a T.................l OoH
s ..........."...l IN n Won a.. oo
700 ..............lO OIL Il 10 ................. OAK
AusA W LIST. ON gnl.... 99A
8 ~ y 8}as..... 96ls ! C. l. s col
Al B& o 4s........lOl 35ps.........l DIX
8 Br Wa W 5s... S01 S .......... .....lo2
Cha ornl4'A'. OH 7 ................lo Ola
Ihes OR&A 4NYC. INC col
lat en- 4s...... Il O4h 3bps...........l DIX
Id CD "a Q4s.l d. lO7 3NY.ok wr4s.lo6
S,C.C OF < . II 1bt....l
gnl %s......... eo 6oR&N +s....lO1H
Can SO lst....loS / Ore 5 LincA.. 95&
10 Chic Ter %s.....loo / Pac Coast 1st..lo3
Clev Canton Spa East lst.... SIS
lst. tr....... 70 ................. S4&
! Col 10 4s.".... S9h 4P&W istt r ooH
20 ..."............ 80 ,loP. Il cn....l27A
ID G Of Ga en- 6s. S6sl 22 II Isl gnl 4s....lOS
Den Rd l5s.lOO o ................l OK
Det.M x. Sss s Read gnl +s... SSh
] bet City Gas 5s 9S% o ................. SSH
Erpror Dds 92A ! ............"... Ssh
Tenn 6s'..''.l 10 Riod w lEt... eSA
Elmira an bsl O1A B ........-...... 9Ss
&. h's GA ................. 90