The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-17
STOCK MARKET
CLOSED HEAVY
Sinister Reports From China Had
Little or No Effect
BONDS CONTINUED TO BE DULL.
The Price Changes Moved Both Ways.
Copious DownraIis of Rain Made
Violent Breaks in Price of Corn.
Loca! and Tobacco Markets
BONDS CONTINUED TO BE DULL.

NEW YORK, July 1G.-The depression
caused or foreign stock exchanges by the
sinister reports from China had no efec'
In the local market and, indeed, did not
huEt the American securities IN ihe ioi
eiSn markets. Good advances were estaps s
iisaed IN London for Union ficii!c t,iLu
Tor Baltimore and Ohio before the VPettt.
ing here. and international houses bought
freely III this market OF these anG ottei
stocks The total purchases for L1ohooH i
account in this market were ess4la l! leu
II 10000 shares. The movement IN Ciit n,
Pacific was the handspring OF TINS maj
ket all day, and Baltimore ana ONO Wa
also an active feature. The movement ~, ~
ihose stocks was primarily baSeu Oh III.
estimates OF the year earnings NOV
made up
Another potent influence in the market
was The copious downfalls OF rain IN me
corn belt. The amount OF specu!aeoh
which has been based on supposed dam
age 10 the corn crop WAS made OBVIOUS
by the violent break in the price OF that
cereal and the rapid advance in the
stocks of concentrating railroads This
helped the Union Pacific movement, and
that STOCK rose an extreme ~ Othtf
gains ran from / to ia for The corn
grangers. Burlington being conspicuous
Rock Island was held back by sympathy
with the weakness in Brooklyn Transit,
which target for the bears all day.
and which lost is net Missouri Pacific
broke badly in the late dealings on dis
appointment that no actioI on the divi-
dend was taken at a mec<ng OF the di-
rcctors, held to-day
The extreme decline was Us. and, cou-
pied with the weakness in Brooklyn Tran
Sit and the disposition to take profits
reactions OF about n point We're caused IN
a number of stocks. The closing was
heavy at the reaction.
Outside of the gTaIlgeTS the PacificS and
the tranSconJincntalS generally the mar
ket continued duh and narrow An early
advance in Sugar was due TO the rise
in the price of the refined product, and
there was some late strength in the steel
stocks on reports of new orders being
placed for iron products
The further advance in sterling cx-
tional houses that they expected TO ship
gold this week seemed to be without
effect either on the stock market or the
money market.
The bond market continued dull and
prices moved both ways Total sales. par
value, $3.50 600 United States refunding
rs when itSsued). old As, the IS and
B's registered advanced T. IS coupon z
and new As Is in the bid price.
The total sales Of stocks to-day were
2o6.300 shares.
MONEY AND NEUTRALITY-SUSPICIOUS. on
rall easy at l4G1l2 per cent; prime mer-
camille paper, 3&4a452 per cent. Sterling
exchange firm, with actual business in
bankers bills at Si-SIGI4. S11A for demand
and at 81. S4is94. S4j4 for sixty days: post
ed rates $3.50 and 81 .S7I2Eli- IS: CONNER
rial bills. 81. S3gsGI4. S35s. Bar silver. G1;s;
Hlver certificates, 6114C62jt4; Mexican dol
lars. ASS. Government bonds strong;
State bonds inactive; railroad bonds
Irregular.