The times. [volume] (Richmond, Va.) 1890-1903, 1900-08-14
MORE STRENGTH
IN STOCK MARKET
Prices improved Steadily With Gains
Quite Uniform.
LARGE EXPORT OF GOLD TO-DAY
This Produced No Eject on the Local
Money tsates-Exccptio"ai Gains
in Some Stocks-Bonds Firm III
Tone, but Dealings Small.
LARGE EXPORT OF GOLD TO-DAY
ny Associated rress.)

NEW YORK, Aug. 13.-Ihe inc --''
tional monetary situation was gi.s en- TO- To-
siderable prominence in wan D. 20 600
day through the engagement Oh *o,o er,,yp
gold , for export for ~ Emitted that
5000. 600 of this amount IS IN Pay h - 80,
for the British Exchequer ioah' $3.50 "a
cent. instalment being due Oh ..Itng
day. Concessions in rates lor s, iii.S
billswere made, demand sterling glstoIn n;f
!. per cent. while posted rates "eie
u per cent. too,
money market bv the gold engagements
to-day which brings the total oul S5 900 -.
gold on this movement UP TO Sl1,voo.V 49,,
1t is said that the circulation OF ms ,,-;ii
in the European financial CEN! +,,era
produce relaxation of the tension Liie -
Except for q brief interval, "heh st nc
early gold engagements were haEe
known, stock prices improved steaoiis'
with the gains quite uniform IN d hutii-
Der of issues There were ttful spurts
of activity, and at intervals the sTeheth
was most marked in special groups.
Higher-priced specialties gave the mrs.
indication of strength, but were soon
reIegated to the background when the
metal stocks forged ahead. Later on the
grangers responded notably to the more
cheerful crop news, rain belns fepo'leu
in sections of the corn belt where 1t was
much needed
A large batch of favorable weekly earn
ings contributed some force to the rise
III PRICES III Sle~SIt4i SloSao S-ANttS'O.ieA'
gains We're made. jump Of Z points in
Lead preferred being made with as little
explanation as the recent drop in that
issue. In Lackawanna there was
steady demand, which eventually carried
II UP points and strengthened other
coaIers Industrial stocks suffered from
the increased interest shown In railroad
properties. Sugar closed under Satur-
days final price after early strength.
London was not q factor in the mar
ket although the arbitrage houses took
several thousand shares early in the day.
Operations We're confined to the board
room traders, but some qualification was
expressed at the independent movement
of the railroad stocks and the prime
character of some of the issues particle
pating. In the final dealings there was
some dtminution in the volume of bust
ness. but no impairment in the strength
Of the market.
The business in railroad bonds con-
tinued small, but a firm tone was evident.
Total sales par value $3.50. 600. United
States refunding 2's Cwflen issued and
old as and new IS advanced y. the IS
~ and SIS Il per cent in the bid price.
The total sales Of stocks were $4,000
shares.
MONEY AND ENCHANGE.-Money on
call steady at III per cent: prime mer
camille paper, 4G5 per cent Sterling eN-
change weak, with actual business in
bankers bills at S4.SI1aGi5. SI4s for demand
and at 81 $50 for sixty days; posted
rates. 81 S41aI4 81 and 81 SS1a@4. 50: COM
1nercfal bills. 81. S3l%d4. So. Silver Ger
tiffcates 614E@62ia. bar silver CT; Next
can dollars, 49, Government bonds
tteady: State bonds inactive: railroad