The times. [volume] (Richmond, Va.) 1890-1903, 1899-08-23
ACTIVE DAY ON
STOCK MARKET
Brooklyn Rapid Transit Was Still the
Storm Centre.
SUGAR, ALSO, WAS AN OBJECT
And the Bears Succeeded I'm Cutting
Stock Down Several roints-Bond
Market Was Active, But
Changes Were Few.
SUGAR, ALSO, WAS AN OBJECT

NEW YORK. Aug IA fierce conflict
IN ln0ustrals raGtd all ohE ,o-""s ~
tween opposing speculative lnieie9tt5S Vl
The stock Exchange. brookiyn i.Ap.u
Transit was the storm centre, as TOT many
days past This stock showed evidence
OF support at the opening ot the stoch
market, and got over "a point aooNe laas
nights closing in face or TINS support
and OF the rally OF international Paper
tho bears turned their attention 10 sugar
which dropped almost Immediately ZiA
10 q on the cut OF the price o. refined
sugar by the company and the meeting
OF 10 hy The competing concerns. steel
and Wire lost points ON the failure Of
the listing committee to admit tho stock
70 the listed department OF the exchange.
Later in the day Manhattan and Con-
sohdatcd Gas were admitted TO be the
objective points OF tho bears. Much had
been hoped by The friends on Brooklyn
Rapid Transit from the publication of 2
statement Of the cOmpany's finances and
estimates of earning power under the re-
cent cOns0l dalton. the statement. when
published. proved SO obscure that q deluge
Of stocks FOR both accounts poured In.
carrying the price down 90 "a above par
On extreme decline OF nearly o points
only The most determined support checked
the decline 40 That point The stock was
The decentralization I'm Brooklyn Transit
was shared N lesser degree by Sugar,
which dropped an extreme ~, and steel
and Wire common and preferred. Federal
which declined from 20 points.
The extreme weakness Of the spccialfies
was ignored for time I'm the r.~ilroad list.
whore there were early advances in Dem
Yer md Rio Grande Norfolk and West
crn. the Reading stocks Baltimore and
Ohio and Wheeling and lake Erie second
preferred. tho latter rising over . points.
The continued and violent decline tn
Brooklyn Transit caused sympathetic de-
preston throughout the market. earlier
gains beng mostly wiped out. and num-
Der 81 standard railroad stocks including
the RranRers. dropping a point or over be-
low last nights prices
The rate for call money rose 20 4 per
cent late I'm The day. probably not with
ont manipulation. but quickly Welded 20
rer cent, near which II had ruled an
The final rally I'm Brooklyn Transit ar
forded relief 20 the whole market. and
losses were nartly retrieved tho most
active specialties recovering from 1 TO
There was notable advance late I'm the
dav I'm the Norfolk and Western stocks
after The common had reacted a point
with the general list These stocks show
not gains of 25L for the common and N
for tho preferred London sold about 90
COO shares on balance I'm this market,
changes were small and irregular Total
sales. par value So G7S 000 United states
hC04s were unchanged on bid quotations
The total sales ~ stocks today were
COZ IN shares includln0 AtchsOn 1870.
paitimo~o and Ohio 6 O00. Central Pacific.
Go7o. Chicago Pur'inrton and Quincy
q 0-0 Rock Island L 5oO: Louisville and
Naehviile. 10 40: Manhattan. 'f. 50;
No~fhern Pacific 1850. Missouri Pacific
2 es0: Ponnevlvania 600: Readin0 first
rsrnfarred % f90- 10 second preferred
e COO St Paul o30-O. Union Paoieo. r.
AGO. 40. preferred 2 90: Southern Pac'oo
~ go. American steel and Wire o 10.
American Tobacco. 237o: Rrooklvn Rand
Transit 15S 80. Confidential Tobacco
Go. Federal stool Z 775: rntc~national
pare-. Z nc0. Peoples Gas 0ni5: Snrar
CO 10. Tennessee Coal a0a Iron. 1880.
United States Leather. G.54G
NFONTv Avn EXCHANGE Money IN
caIl steady AZ oat04 nor cent: last loon ~
3 nor cont. nrirne mercantile nancr 4h~5
nor cent Sterling exchange firm with
ootuol business in bankers br's ~ e. e0't
~ sea- for demand and at 81 e2h0t e2ib
for aivfv dave nos'od Yates 90 SfNf ~.
commercial billie. e e2a.l7f o2r faivor
certificates. GO0c1: bar silver 1as.. N'aVi-
ran d0llare f-7t Government bonds
e'eosv. sfato bonds inactive; railroad
bonds irregular.