The times. [volume] (Richmond, Va.) 1890-1903, 1899-07-14
MARKET CLOSED
ABOUT STEADY
After a Days FIuctuation in Mixed
Gains and Losses.
EARLY DEALINGS WERE HEAVY
but Later Strength was Developed III
Leading Spccialtics - Money Wa
Easier i'm Tone Bonds Were
Dull aud Irregular.

NEW YORK. July 1.-THE hcavincss
which Vas predominant ln tbe stock
market to-day resented the shifting wan
street sentiment rcsafWhg inc money
situation more 'hdh "hS '"',s '.',.
though 10 was emphasized hy the rise
ia The Bank OF Ens and = minimum rae
OF discount TO 81 per cent. ana tht
acute weakness Ca the local traction
stocks. especially brooklyn transit
which dropped over % AT one ti"''
ANau street had DO THAI Cd strike hao ace
tua4ly been declared. ana tine STOCKS 90
that group r,llicu Mncu this cdnhIu was
denied. W ah street seemed 20 I"4 u'"'
stress GA the advance DID lhe hdhh 'i
England rate than London ltscl- inc
stock market there was ouu. but prices
especially Of Americans. were Wen 4I'iu-
tanned. IN spite OF the rise M the private
discount rate. There was sharp I"I.
tn British ConsOis and ftcnch lcHtts' anu
foreign markets seemed 10 hc itHcNtu
from the tension al apprehension oFti
the Transvaal situation. but never tHt-
less, prices OF the iutcrnauonais I'n 'nc
decline IN New YORK. ana many Sto,h0
had fallen d point la the course OF 'He
first hour. the CHANGERS heih- c"islHtu -
ous sugar also developed carly weak
moss. aud only partly recovered Jus ut
cline Tho southwestern STOCKS eHtI,u
a point OF resistance. Missouri racine
leading. as was the case yesterday anu
ST Louis and SOUTHWESTERN Pcleitt u
and Texas and laciuc toHoMins tic
rise Anaconda was also strong, loiio"-
ing London lead. ana was al one blHe
two points up. There was sympathtuG
ACTIVITY and strength in Anna gaInated
Copper in the outside market me sh@its
risinc above 50 During the afternoon
strength developed IN FederM steer anu
American Car preferred. ana cotton pH'
which Induced a general recovery in tue
specialtics. Northern iacinc rose 10 "1
in the late dc0angs. ana thcchtu 'i. "t-
cljning tendency on realizing. New 1"ik
Air Brake. after am early decline Juliptu
n. points and Mobile and ONO rose "a.
The local money market WSs easier pm
tome hut operators who bought lcSltI-
DAY ON the prospect OF a dmv naiiN
statement were inclined 10 reel lhtt lhSs
had exaggerated the prospective beheni.
There were realizing sales from tii7
source Last Saturday statement pr
generally recognized 20 be- IN thc WORDS
of the manager Of tho clearing NOUS
zone singularly unfortunate IN tne
working of the system OF average 10 make
The returns seem worse IMAM the acl ual
condition Of the banks. rms week
statement Is expected 20 oe Icihhi "rlS
strong but il Is feared that II NAV pv
equally unfortunate ia IeHetuHs "0'""'
number OF very heavy loans were
Inundated early I'm the week mere H"9
since been some expansion, ana the ld,,
OF "a progressive increase in the tolai VII
make Saturdays showing of loans ba95a
on rising averages, and, trtltloIt' ilhvls
10 uDderstato the actual total az me emo
OF the week The suh-1roasufy mas beeh
taking money from the banks. anu slD
interior exchange still runs against NV
York The announcement OF one on tI.o
great insurance companies OF IT'S lit'ii
ton 10 dispose OF all ot lls liiNe7sl,'Diti.es
i'm stocks was "a weight on the MARIE.
during the early hours. but some rellet
WIS caused hy a subsequent announce
rnent that the holdings would pIoDdDig
be disposed Of al private sales.
New York Central lncie.7t III ~
earnings for June Of S5GO0si helped the
date recovery in the market The close
was about steady at mixed gains ana
losses. 1900. ~,.tc-
Irregular the southwestern Illr9'"9 u
ing i'm good demand IolW silcs' Lsl
value. s. S35VD United states ON 3
re0isfored declined "a I'm the bid price.
The total sales of stocks were go
shares including Atchi~on preiefItH' al.-
ia. Chesapeake and Ohio. loat'. Chl-
rapo. Burlington and quincy, l'-ti
Nfsnhaffan 1880: Missouri Pacific, ~
oS5. Nex.can Central. 100. Ne" Nork
Central CoSp. Northern 'aclhc. l1. l'u'
chicago and Northwestern. 1e". l"c.
Island. 7.49p. ST Paul. 10 4"oi ifA'- aH"
rss,fa. ~ trO. Wabash preferred $500.
Ar,crican steel and Wire. 1lEH. Ameri-
can Cotton oil S.S7S. Federal steel. H'"'.
1trco.lrl,-n RAND Transit tl.Httt SurHI
% a,O. Tennessee Coal ard Iron, '.t-h
MONEY AND EXCHANGE-Mloney on
rail steady az 304h per cent. la-l loan
"a. 4 ner cont. prime mercantile paper
~ ~ r.e- cont. Sterling exchange easier
WIN actual business in hanfci- n'I.
AT "a e7ii0g e7h for demand and at go
~ S4t, for sixty DAYS posted ral'. NtN'
80 81 and SI.SSGi SSig. commercial n'N..
4 Sgs.Q4.Sf Silver certitcacs o1nl'
lar Silver 90. Mexican dollars. D.
c,,.,r,,rror,f bonds easy. state bonds iu-
active. railroad bonds steady.