The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-28
PRICES HIGHER
FOR SHORT TIME
Drifted Down Again Toward Close Of
the Day.
SMALL NET GAINS THE RULE.
Brooklyn Transit Made an Extreme
Rise of Three Points and HcIapscd
Only onc Point in the Late
Ec2ction,

NEW YORK, July 27.-The room
traders succeeded in putting prices UP '"r
u tirae io-dag. but they drified Gown
wards again toward the close Of the DAY
and LETT only small net gains, cNcePl ~
brooklyn Transit This stock s.Eas GS
cldediy the leader OF the speculation an!
was largely dealt in on The siTei!stm %
InSinUatlng rurnOrS taar the yedflF St,lst-
IEent, which is yet to see print VIII StioN
larger earnings than his been aAt' ,
pated. The stock made an extreme itSc
of over 3 points under this st!ihuidiihS
sFitHence, and helped ths %nple MAJ ~. ~.
IT relapsed a point IN th'3 late Ieatt!o IS,
when The traders were taking i3roiiis on
Sugar, which came next in point OF &C.
tvity, did not fare 50 well. II got up d
one time as much as i1s on the itHi'eEta-
ton that the frmneSs pf the raw Sqsai
marker foreShadewed another advance IN
refined sugar. But the late reaction en-
tirely wiped. out The rise. The Fai!road
list Continued extremely dull ana IEti
rev. The sharp gains shown by ha'la-
fIll OF stocks had little influence on the
rest Of the list which hung sluggishly
beck. Gains OF over a point We're eStab-
lishcd in half = dozen stocks at the nlI-
day high level. But none of these were
fully maintained, and nothing more than
ffctions RENAME dat the close Of the
The strength of Baltimore and Ohio was
epl,are ntiy due to covering, by shorts.
Burlington was marked up on assertions
that the statement OF June earnings
would show better net results than had
ben foretold. ST. Paul. louisville, Union
Pacific and Missouri Pacific We're The only
,ther railroad stocks showing any notable
strength. The steel stocks moved lincer-
fanny pending announcements of the
agreement arrived al by the Chicago con
terence The local traction stocks were
stl ong in sympathy with Brooklyn Tran
sit and Consolidated Gas more than re
covered yesterdays decline
So far as general conditions We're al,
Influence the market was helped by the
less. Respondent views regarding the Fate
OF the enyoys in Pekin held ry foreign
speculat"Is This was largely q senu-
mental inuence. rs dealings here for for
o!En account Were insignificant.
No gold was engaged for to-morrcw,
and sterling exchange fell off a fraction,
but il recovered a fraction in Paris Lon
don discount; We're firm, and the belief re-
mains general that further gold will 90
cut next week. A Favorable bank state
1r4erlt seems prota bic tomorrow, owing
to the continued inflow of currency from
the interior. Estimates of the gain t,y
the bank On this &ccount ,.iE up 10 nearly
81. O0r0Gn. The gain Sub-TreaSury-
operations is reduced to trivial proper
lions. in spite OF the anticipation by the
Government OF the August interest pay
luenis The receipt al San Francisco to-
Immediately available To the New York
banks by the system OF transfer allowed
by the Treasury Department, but 1t Will
not figure in this week. bank statement.
1t is thought probable that loans may
have been further reduced by payment
OF German obligations To this market.
The bond market continued dun, but
the tone was rather firmer Total sales,
registered. declined il and new As cou-
pon X per cent. in the bid price.
The total sales OF stocks to-day We're
17.,1oo shares.