The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-24
STOCK MARKET
WAS MORE ACTIVE
Bulls Had Little Difficulty in Advanc-
ing Prices.
DEALINGS WERE PROFESSIONAL.
Uhe Closing Was Easy, but With Con
siderable Reccssions from the Best
Level of the Day-Bonds Dull
and Irregular,
DEALINGS WERE PROFESSIONAL.

NEW YORK. July 23.-Thc Influenza l
interests which have taken the leaaerSi ~
N the stock market continued tt1tH
forts to-day to make q rlSlllS NO -
with the object of inviting pubic pUSi..a,
They were not Discourage by IiiS tdti"-
Of outside interest to develop oil $1,000 $500
Of last weeks advance. and thsF i''>S't'1,-
their DulliSh manipulation from 'iS op0''
Ing this morning.
There was not much difficulty apparent
in advancing prices, or II any opsii ul''G -;
appeared in the shape OF offerings 80
iarse volume than could be 4oSof IL
leaders turned their attention 10 500 -
whose upward course was caster ~ ~
long interest has not vet attained IA 80
proportions and as there Sun remains y
considerable short interest whose p9Si.t"L
grows daily more precaTious, me SeSi'i'4-
-al conditions favored the advance
The appearance of outside buying en-
couraged the professional bulls 10 redou-
bed efforts, and the days market as d
result gave an appearance OF greater az
Nvify and more strength than on any
day last week This was particularly
true after Sugar had been checked in ITS
HrSt reactionary tendency, aud was 10uhd
10 move upwards easily on moderate buy
ing. This stock continued TO nave =
marked influence on the whole market
aud its reaction late in the day preclpl-
ssted a movement TO take profits else
where so that the closing was easy at
considerable rCCeSSlOnS iro.:I the best
The distinguishing feature of the market
was its unevennesS. as might be expected
tom its professional and manipulated
character.
few stocks were active and strong:
a larger number showed sharp advances
after lying dormant for some time, so
at very meagre transactions We're suffi-
cient TO move them But the majority Of
the list was only moderately active, and
continued very sluggish, small net gains
being the rule, in sympathy with the
strength IN special stocks.
Tennessee Coal led the stocks with an
extreme rise OF 434 but several of the
group responded TO the eXtentHOf point
Or over metropolitan Street Railway rose
-. early in the day, but Brooklyn Transit
took the leadership OF the group, with
a rise OF 81 on the favorable judicial de-
cision in the 1Uc. fare case. In the Grang-
crs st Paul and Burlington rose about
points each. Early advances in Leather,
Peoples Gas and Southern Pacific proved
abortiye, and these stocks We're relegated
to The background.
The hopefulness Of the bulls was predi-
Gated on the more encouraging feeling re-
garGiug China, which was reflected from
abroad on the confidence that the money
market is assured Of 4 considerable pc
Iind of case, and that a period Of quiet
in political affairs is likely to iNervene
before the campaign takes on its more
active phase. The absence of any en-
gagements of gold Tor exports to-day
also helped the market, as did the fav-
0Tabic crop news.
The bond market continued duh and
prices moved irregulariy. Total sales
81 $50, 600. par value. United States old
coupon As advanced 4 in the bid price.
Total stock sales, 4S0,S00 shares.
MONEY AND ENCHANGE.-Non on
cal steady at 1@lH per cent; prime mer-
camille paper, 444&l per cent Sterling
exchange firm al $4.S1I@ FOR demand and
at 81. S37s44.S4 for sixty days: posted
rates. 81 .ss14E4.S5 and S4.SSlI4 .SS5a; com
nercial bills, $i-S314a al S312; bar silver,
Gl14; silver certificates. G1i2962l3; MeXi-
can dollars. ISL.. Government bonds
strong; State bonds inactive; railroad
hands 81 aaiy