Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-07-21
STOCKS CLOSE FIRM.
MARKET DURING DAY, HOWEVER,
MARROW AND PROFESSIONAL.
UNEASINESS OYER LABOR TROUBLES.
EARLY strength Not Held in Conti-
mental Tobacco and Other Indns-
triais-Whent, Corn, and Oats Adj
Nnnce-Provisions Lower.

NEW 1Okk, July 20.-To-day's stool,
market continued narrow and profes-
slonal but there was an Improvement in
inc tone Of the speculation. In the late
market rather active buying move
ment appeared. and prices rose 10 the ton
leVel Of the day gaining n point or over.
as compared with last nights prices I'm
many cases. There was an early reaction.
winch was encouraged By the violent
stump OF p points in New York Air
brake ana an extreme drop Of points in
consolidated Gas. There seemed 10 be
an absence Of commission house buying
ana London, although the prices Of Ameri-
cans mad been advanced there. refrained
from operating here.
The course OF the foreign exchange
market with reference TO The easier
money conditions abroad was closely
watched. and when sight sterling and
cables were seen to be Yielding II az
torded considerable relief from appre-
henslon Of gold exports. The fact that
the Bank Of England RETAINED from adj
Nancng its rate of discount was taken
as evidence that the threatened money
slflngcncy is about over at that point.
Money worked easier i'm New York. but
cohuhued above the rates prevailing at
interior points. There was some growth
OF the conviction that money IS not 10
become cheap for a considerable period
yet, owing 10 the needs Of the very ac-
tive trade and the coming movement Of
the crops. The heavy increases Of bank
ing deposits at some OF the large finau-
cial centres Of the country are now I'M
derstoOd 10 be due TO the great COmbi-
nations Of industries and the resulting
rcadjustments IN business methods. which
nave. 1T Is believed, reduced the re-
rf rf.1f
degree corresponding to the increase at
the great centres.
There was some continued uneasiness
also over evidences Of unrest amongst
! Wage-carners. The strength Of the local
! traction stocks helped. TO dissipate this
| feeling. Brooklyn Rapid Transit and
| Manhattan gained about point net and
cash sales of Metropolitan were made IT
! 33i over last night. This stool. was sold
| eX-rights Of subscription 10 new stock AT
| a uniform level Of - points below the
| cash sales Consolidated Gas recovered
all Of its earlier loss and New York Air
| Brake an but points.
INDUSTRIAI.S LOSE.
The early strength was not held in some
of the Industrials. notably Continental
! Tobacco and the Steel stocks. Pittsburg
! Cincinnati. Chicago and ST. Louis was
marked up points on the June return Of
! earnings. and an upward movement IN
| Chesapeake and Ohio. Missouri Pacific
] and cleveland. CINCINNATI NAiidHD 'tilA
81. Louis spread to other railroad stocks
| including the Changers. SOuthwesterns
| New York Central, Union Pacific, ano
! Atchison. preferred. The average gain oil
| these apprOXimated a point. Chicago
! Great Western debentures lost IA from
the last sale. Leather, preferred, was II
! good demand.
| The closing was dull. but firm.
| Bonds were very duh and rather irregu
! lar Total sales. par value, 2EjNJ5
| United States 3's. coupon, and the new
| Is. registered declined . 3. while the DE-
| advanced Is and the old As, coupon a u
The total sales Of stocks to-day wer'
| 90 200 shares. including Atchlson pre-
| ferred. 1898; Burlington. $500; Rocl
| Island. 20450: Louisville and Nashville
G0sS. Manhattan, $3.50; Metropollttl
| street Railway. eX-rlghts, lbs; Nortnerl
! Pacific. $50: St. Paul. 1880; American
! Tobacco. $3.50: Brooklyn Rapid transit
12G,5: Federal Steel. $3.50; Sugar, G'5s9.
MONEY AND EXCHANGE.
p. Mooney on call steady At 20
! Der cent: last loan at BIZ per cent; com
| mercial paper. 3i4Tiia per cent. $50
| Sterling exchange irregular, with actua
| business in bankers bills at Slo.44$l.ei .
| for demand. and $LSii4UNeps Tor slAt
DAYS. poeted rates. ASJaSiN6 and $l.S5|
4SSiS. commercial bills, $751; -
| silver certificates. VAol' oar SilFc'' WA
Mexican dollars, IS. , CO..
Goyernment bonds irregular: star
bonds inactive. Railroad BONDS lnaIIFe