The times. [volume] (Richmond, Va.) 1890-1903, 1900-08-04
TIE UNDERGONE
WAS QUITE FIRM
Dealings in Stocks More Widely Dis
tributed Than Day Before.
PRICES LOWER AT THE CLOSE.
Market Lapscd Into n State of Semi
Sta.nation-Bond Market Slightly
Acti,o and Without Special
Feature.
PRICES LOWER AT THE CLOSE.

Bv Associated Press.l

NEW YORK. Aug. 3.-SuSar, Bio Nm, =,
Transit, Baltimore and Ohio anc my. my,
Pacific fell somewhat into tue NV
ground to-day An effort was ino ~ the
the traders 10 bring forward some VI
other railroad stocks TO take me i, pa not
these recent farorites. These uiu IN
avail TO FIJI up the gap ieil ~, ~ he
quietude of mercurial specialties, ~. ~
rather better distribution as a isse.s -,
these new elements of activity anu d q I'd
eral tone OF the market was IA -. -
approached to positive strength q. go the
The centre of this strength "as ~
Granger group. which was faVorauls -
fected by the show of increased eai iii's e,
for the fourth week in July by the > :.
Paul system. The showing was p-,t - -,
larly effective. because II compared WIN
a very high level of earnings last eai,
and because St. Paul had rather yen
looked upon as the leader OF the feac-
tionary tendency in railroad earnings az
cident TO the falling off in general pusl.
ness. ~ rel
There was no special feature of tra1llo
TO explain to recovery Which coh'iast %
with a decrease for each OF me eaIHei
weeks OF the month. 1t is attributed 10
general merchandise traffic There was
a renewed effort also to advance Union
Pacific, which met Wath sol,le InoI
AT the high level the Changers. facincs
and Southwest terms were generally point
or more to The good. The movement was
directed in part against the snort inter
IL,
lapsed into semi-staSnatlon ana 1eil
lower. The traders made something OF
the large increase in prospect IN to-HoE-
rows bank statement The Sub-Ireasury
had yielded to the banks this week on
routine operations S2.S14, 600. The re-
ceipts from the interior are known 10 nave
been heavy. and are estimated TO be sufl-
cient to bring the total gain up to more
than FIVE million dollars. The time money
market continued to show an easy tone
to-day in response to this condition
Sterling exchange advanced traction.
and exchange houses expect gold to go
out to London next week.
Possibly the policy of the Bank OF
England in refraining from advancing It's
discount rate this week finds its eNpiana-
afternoon that the subscriptions will be
invited in this country for the new To
0DOGe0 war loan, which will be issued in
The form of three-year per cent. eX-
clleuuer bonds. Leading banks in New
York. Boston and PIlfa deipllia are autho-
riZed to receive subscriptions. The bonds
are issued at %.
The bond market to-day only
slightly active and without any feature
Total sales, par value. Ss3S,uoo. Uniteo
States refunding rs (when issued and
the IS declined Il, and the IS. old and
new as coupon X on the last call
Total stock sales to-day We're 1880
shares.
MONEY AND ENCHANGE.-Mone on
call easy at 14@1i2 per cent: prime lner-
camille paper 900 per cent. Sterling
exchange firm. with actual business IN
bankers bills at Si.S1fs for demand and
at $4-Si for sixty days: posted rates,
81 S4l2G4.Sa and i.Sol@; commercial biiss,
81 SSI4 S3ia. Bar silver. COS; silver GER
tificates G1l@06@1a: Mexican dollars, 4Sia.
Government bonds weak: State bonds in
active: railroad bonds .teady-+