The times. [volume] (Richmond, Va.) 1890-1903, 1900-08-18
PRICES STOCKS
MOVED. DO | lVl'lll ARD.
The Loss 10. the Railroad List Mas Il';,
Fractional.
LARGE SELLING. IN STEEL GROUP.
This Was Affected by Reports of Trade
Conflicts and Expected Cuts in
Prodncts---aiany Losses Wiped s
Out III Late Dealings.

NEW YORK, Aug. 1T.-If any eXpecta-
non mao peen entertained that the rescue
" The foreign ministers in China Wouia
arouse speculative enthusiasm wan
street reception Of the news was dis-
appointing. IN fact, the speculation Wa9
more sluggish than at any time 'his
week, and that the tendency unui tie
last hour reactionary. This proved that
the event had been fully discounted.
There was a conflict at the opening "
determine The markets ienueiiCs "a
winch the bears soon obtained the Up
perhaIld. In consequence there was q
general sagging OF prices, but in no case
aid the 5fali reach a point IN the I'M oa y:
list The most effective selling "aa ~
the steel stocks, the group being anee.. si
by reports OF trade conflicts ana eNpecieo
cuts in products. The important move
ments OF the day centered in BROOKLYN
Rapid Transit and Consolidated Gas.
10th stocks. after momentary weakness,
HlarteG upwards and ended with Soou
gains. An official announcement that the
nuch-heralded Brooklyn Rapid TRANSIT
Hnnual report would be given out late
to-day attracted interest to the move
ment in the stock. No definite news ac-
accounted for the weakness in the rail-
road list, but the opinion prevailed That
profit-taiiing was primarily responsible.
London's purchases of St. Paul failed
10 sustain the stock, despite an increase
In the earnings for the second week of
August OF So. :224. Foreign purchases
We're about 1900 shares in all, the in
curry from London being stimulated by
further declines in money and discount
rates In the late dealings an evening
up of contracts was effective in wipinS
out much of the days losses.
Preliminary figures of to-morrow,S bank
statement Indicate loss in cash by the
banks of over s7,oo0oAo. This showing
reflects the exports of gold on last Sat-
urday. as well as those Of this week.
But for the gold exports the banks
would have gained almost S5.0oo,000 on
the interior currency movement and pen-
sion and interest payments OF the Sub
Trea sury An increase in the loan item
Is not considered unlikely. in view of the
early activity n the stock market
The bond market showed q reaCtionary
tendency today, which is most pro-
nounced In issues known as semi-Snecu-
lative. Total sales. par value. $50. 600.
United States rs declined u and old As
u roer cont in the bid price.
The total sales of stocks to-day were
14I, 900 shares.
MONEY AND T7NCIANGF.-Wo on
call easy at 1IGfTtS per cent: last loan
at Ia per cent: prime mercantile paper,
4Gc, per cent. Sterling exchange steady,
with actual business in bankers bills
at 81 SIX for demand and al S4.S4 for
sixtv DAYS: posted rates s. 500. ST. and
81 SS1sG4 50: cor1l1e7ercial bills 81 S3h0
saa- Silver certificstes Gl ~. =, bar
ment bonds weak: State bonds weak;
railroad bonds weak
BANK 6a1I1A RINGS.-Tlle total bank
slearfnss2 for the week ending AUGUST
10th at the princjnal cities OF the United
States were 1862. SO2.TS6. = decrease of
1S.G per cent. as compared with the cor
responding week of last wear. outside OF
New Yo-f- CITY the total clearincs We're
$685. 1o4, s2s, a decrease Of % per cent.