Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-07-28
STOCKS END ACTIVE
THE ACTIVITY HOWEVER, DOES
NOT BECOME GENERAL.
,DVANCE IN TOBACCO SHARES.
-. Helps on the Upward Move
,,cnt Attending the Markets C'"sc'
wheat Weak and Lowcr-'r"''-
Inns Practically Unchanged.

NfW YORK. July G-Thc stock market
,,...nucd narrow and professional until
.t.f.st hour. when there developed more
r.t.on and strength than have been
...I for many days past The late
,-,,.rcut seemed 90 start with strength
.-u.taucously displayed by Lake Erie
.-f western. Pittsburg Cincinnati. Chi
20, and St Louis. and pittshurg and
western. preferred. These stocks gained
,..n ls, for Lake Erie and Western 20 4
.fs Tor Pttsburg. Cincinnati. Chicago
..5 So. Louis. The marking mp Of Sugar
r. extreme of 2i9 and the rise in New
York Central 90 lO. helped on the move
,-.rt. and the general market rose above
... uichts level. quite an active dc
...rl sprauc ND for the Changers. and
,r.d burlington over point. The ac-
,.v.tv Of the market aid not become gene
I'll however. and gains were not AT an
M ',m.
The traders were bearish I'm The early
rr, 90 the day. hut finding that prices
,,-ted pressure they turned Go the long
side. encouraged by the strength oil sp,
rl stocks. The movement ia 100
Island and the Southwestern 500
slowed some diminutiOu under pLo"f
,Nng. but Kansas and Texas. ~, ,,,e,
-ducd SIS strength ana apN"nH93,,..,, ,.irl,
r1fut Sugar also showed dh guy ,,,n
.-fencv from the first. and lousy ,.ic
.. Nashville. which sold eN-ulNucuN 90
r.r cent. rcgained ls- Of that amount
There Fas m.o-q'E r"N' ,, 10 ,,r,
r,scco sfocks which helped on lhe pp-
r,o,,erncnt Continental common
~c fH and the preferred 3. ana Ame ~
1,obtcco "a point. The mailing stocks
...rorod smartly from yeSterday
vines and Taclede Gas jumped 8i2
THE MONEY MARKET
rr. DEVELOPMENTS I'm the money hl@I-
S.. l.cot increased confidence. NCsiei-
and to-day there have Decn ldit'
r- made ON time on the stock IN
DANCE from which u ls aIsut1 'll y
.-.. tors feel the possibility Of o'il"IlD
.,r money that may suncn can I9l,S tl',.
-.. time loans on the securities ll,E
.-. irving 90 hold for a long pun. u ne
f- that the Bank of England ana no,
f-.rcase its discount rate TO-DAY 81 iNtu
t- lessen anxiety ON the money qu''.i"u'
..d tho weekly exhibit OF thai lI3i "a"
ZION showed that the open market mao
bocu able 10 reduce its loan uplle"livI7
20 the bank very heavily. ... .,,1
Tho sharp flI go fLtu'h i, l, ,'''''
rcrorte of a political crisis I'm tndl cOuH-
~ were without much eject ln New
Work The money market mere was SOM,
what relieved by the transfer OF luild7
from the Sub-IrcaSuIY 10 lhe Dan - "l
,h. unymcut for the new custom mouse
.fta in New York and 10 became known
thot the government has ceased for the
ti,ra being its weekly Withdrawals OF
q r0sits from the New York banks. which
r..e been nj the rate of $l,cl0O0O week
f~ some time past. The june statement
~ net earnings. completing the hSCal
vr.r for "a number az railroads were a.
y.~4hle factors. especially that OF ~
paul showing am increase in the net I"I
the year Of N.3190so
BONDS DECLINE.
-. ~ ,..rt-.f gfI not show muCn
repOnse 10 the strength ln stocks; "hI
f,actional declines were me RUE. Ioldi
s.Ics. 2.60O0O par value. ,., H.
...1 H. and the old ~, registered ana
t -s. registered. y. In the hld price. ,,,
rU. total sales of stocks were -oo.'WV
s- -.s including Atchis0n prelerre9- ~
,- r1fk Island II aj; Burlington. l3,"u''
rHie and Nashville S1S6: Northern
p.- GGi5. Missouri. Kansas and Texas.
r-.t.-,.l 90. ST. Louis and Southwest
s,r ~. American Tobacco. $3.50; Brook
ivr T--sit $3.50. Sugar 49c01
MONEY AND EXCHANGE
Money ON call steady az @i21f per cent
Ie. .ru at per cent; prime mercantile
Tr.r u4 per cent. $40
St.-frr exchange easier, with actual
r.-r.-- fu bankers bills ~ AHHt'SfH,' p
fr demand and NSai0Noi Tor Sky
DAYS. ru-ted rates &&i2 and $i@d$ASo- -
commerce. bills. $A&USLNA2
Silver certificates 6e'sHoli bar silver
ca: Mexican dollars. 4N
a.r.rrrr.nt bonds weak, state bonds
inactive. railroad bonds weak.