The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-04
OPENING ADVANCE
ON STOCK MARKET
3ut 0niv a Few Retained Small Net
Gains at the Close.
MONEY UNCHANGED AND DULL
During Latter Part Of tho Day Was
Almost stagnant aud There Was
No Disposition TO Open Con
tracts on Eve of tho Holiday.

4 ~ +.
NEW YORK J7liY .!.r-Tiere vas an Ell
Tort this rner9lins, 10 continue the inailpH.
iaton in prices of stocks winch na - -
On foot yesterday by CLique oi 49, 49,
slonal traders. The attempt mel VIZ, - "a
considerable success for a nIhes aSI 800
Us IL Was by special influences ny, iI.t
was an active revival Of o!d aho, ne ~
fufnorS concerning dividend PiSSPSS'Nin 49,,
Il number of railroads WillSh ia 80
pursuing u downward course ioi .iS
time on account of the genera sui ,,in,,ia
loG that surplus railroad eaIhttoS - 49,
be conserved for future iiESu7, - :.
than distributed as increased dlSloe!ius-
Prominent in this class were od4 tii iisL,,,
and Ohio and Northern FaCliieT oti,ra
Were advanced over a point by an a. ~
bidding up process during inc nv t''.+ -
There was acontimuance OF the recent uii
explained demand for the itea lIi 80 10
New Jersey Central stocks, the lablei .a1
ing at one time points. Sugar :oSG MtSi
an aiyncarance of strength. but feIai)s@u
on realizing with the announcement ~ q
further rise in the price OF the pfp4uGt-
Rand Transit derived some beneht from
.,estcray'sd verdict in the trial Tor CON
spiracy 10 discredit the stocks OF 'lie
company. ~
The reports from London seemed 10 oe
totally ignored in this market, ana hda
no influence in checking The opening az
vance. Not so with the influence OF lAe
wheat market. which again demonstT3n'e a
lis dominating power in stocks. w men
prices of wheat We're seen to advance
railroad stocks turned downward. and
fn,tnu no effective support Tor the rest
nj lbs. day The general level of prices
Tell below last night in the late dealings,
bIt there We're some stocks which re
famed small net gains though much
diminished from those at the high level
checked, the gains which Were secured
in Yesterdays movement We're not Very
largely encroached upon
The market during the latter part OF
the dav was dull and almost stagnant,
and there was no disposition to put out
fresh contracts on the eve of the holiday.
Rock Island was added to the nst OF rail-
roads whose operating expenses OF May
have more than wiped out the increase IN
their gross earnings
The money market was Very dull ana
not ouotably changed but the. dllfuslon
Of interest and dividend payments nave
evidently commenced. The Sub-1reaShry
had a debit balance at the clearinghouse
today of nearly -$2,oen,Uoo, and the DAY
excess OF expenditures over receipts Io1
mounted to s.. 2I3 1913. These figures re-
-3ert the 1layrnent of interest on govern
1nsnts on the otner hand. New York
.sychange at Chicago fell from &c pre-
mimi, 10 par, and there was depoSlled
5000. 600 at the Sub-TreasuTy mere Tor pay
Inent at other points Inc interior ae-
1nan5 Tor currency is thus seen TO be
growing. ,.,,,,,,+,,,,
win stocks. advancing in the early deal
ines hut Welding somewhat with the re-
aCfinn in stock Total sales. par Naiue.
S..no0. United States As, olds, advanced
j. and The 3's and o'S "a ia the bid price.