The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-31
MARKET Dull AND
PROFESSIONAL
Though Field of Activity Was Broader
Than Last Week.
lNRoADs MADE ON VALUES.
The Added Life Was on the Selling
Side, and Some Stocks, Heretofore
Firm, Suffered Fall in Prices.
Eonds wcrc Dull.

NEW YORK July 30.-Ihe stock mar.
hei continued very dull and professional
to-odE, out the field of activity broanetiso
pun somewhat so as to include more stocks
than In the dealings during the latter
part OF last week. The added life 10 the
Iacihg was on the selling side, and IN
iodcS were made upon values at points
time.
Sugar and Brooklyn Transit were the
readers In point OF activity and weakness,
buI number Of other speciaiUeS came
forward into a fair degree OF prominence;
was still a market of SpeclalueS, ana
railroads Were relatively in the back
ground. But there was some addition 10
The attention paid to them also
ijeaiinSs We're not widely distributed IL
the railroad stocks, the pressure against
the lew active stocks in that department
apparently not affecting the undertone OF
the railroads as Il whole. The ErangerS
We're most affected. and Burlington was
The leader of the depression, with 2 iali
OF ~ and practically 10 recovery. ST.
Paul fell a point. and the decrease in net
earnings for June OF Si5J,9U4. as compared
with last year. was the effective cause of
heaviness in that stock and IN the group.
Pennsylvania WAS a point OF weakness in
sympathy with London, and was sold
down 19s.
The market was not much influenced at
the opening by the assassination OF the
King of Italy and the serious conditions
in China. This was due 10 the fact that
these events had been offset in the Lon
large detachment of Beers to the Brit
iSlf commander.
The depression in Sugar was in evil
dence from the outset, and was apparent
ly due 10 a general shifting of the profess
sional attitude towards The stock. There
Were reports of a pending strike, which
Were denied by representatives, of the
company, and reports of an approaching
competition by European refined sugars.
invited by the present high level of prices.
American Tobacco Vas affected by profit-
taking attracted by the recent considera-
bic rise Brooklyn Transit was under re-
Dewed pressure. and fell back to near last
weeks low point. carrying the other local
fractions TO a decline with it. Tennessee
S;oal was active and weak falling. an ex-
Besides these points of weakness in spe-
Cial stocks, speculative sentiment is dis
turhed by the uncertainty regarding the
money outlook, the growing likelihood of
considerable decreases in net earnings of
railroads and awakened apprehension re-
gaTding the crops.
Sterling exchange fell a fraction further
to-day raising Il doubt whether gold is
likely to go out this week. The tone of
the money market remains unchanged.
and opinions regarding the future events
there are a good deal mixed.
The bond market was duh and prices in
clined to go lower. United States bonds
were unchanged at the last call on
iChanGe
The total sales of stocks to-day were
25S.200 shares.
MONEY AND EXCHANGE.-Mone on
cali steady at lA9lis per. cent: last loan
at 11a per cent; prime mercantile paper
4ffi& per cent Sterling exchange easier
at 81. STlE, for demand and at 81 SEQ
4,S25S for sixty days: posted rates, ST S4l4
al. 81 and 81 SSH: commercial bills. 81. S3m
S3if. Bar silver, 6ll4: silver certificates,