The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-21
GOOD ADVANCE IN
PRICE OF STOCKS
Strength and Animation More APP
parent Than Real.
SUGAR WAS VERY ACTIVE.
Dealings in That Stock Were Lars-
er Than i'll Amy othcr-Bond
Market Irregular and Quiet.
Local Markets.

NEW YORK, July 2O.-The stock mar
ket mace a greater show Of animation
hts9 strength than for some time past,
silo the advances in price from the low
point TO the highest were in many cases
taifi9 impressive. During the period OF
the ADVANCE the market looked strong
Luz. anu varied; but closer analysis OF me
cay results shows that the strength ana
animation We're apparent rather than
ssai. Inis Is due to the fact that the
AaV2hce began from the vantage ground
% d considerable early decline in synpa-
my with depression in London ana eX-
tectaton that there might be announce
Iaen,s OF gold exports by tomorrow
1t was upon this stage of the specula-
lion that there came the sudden and un-
expected news that United States Minis
Ter Conger had been heard from by the
state Department The bears hastily
covered their short contracts when this
became known. But the publication Of
Ihe text of the message which followed
as II did to warmer sentiments of hu-
5nanity throughout the world. The mar
ket cid not relapse TO the low level
again, and was held by the notable buoy
ancy in different portions OF the indus
trial list. Sugar was the central feature
OF the market all day. the dealings in the
other on the list.
The ground for the advance was the
very large business reported in the sugar
industry Other points OF strength were
forthcoming statement. the New York
public utilities on the hope of defeating
assessments under The new franchise tax
law. the Leather stocks. the Rubber
stocks and Peoples Gas, The steel stocks
were generally strong at advances Of from
] to 24s the argument being that troubles
;n China would increase requirements for
that product
There was a late advance In Lacka-
wanna of 3R and in New Jersey Central
OF ia With these exceptions the railroad
list shows no striking net gains. The
whole market turned doWnwards in the
evident in Sugar. That stock lost about
- points. and reactions in some other
stocks extended from / to points. The
closing was thereby made heavy, and the
net changes We're reduced 10 fractions,
except in a few of the spccialties men
toned.
The foreign exchange market was strong
and moved up lie, but the foreign ex-
change houses report that Paris Is still
the point of greatest attraction for gold,
and that the next shipments will proba-
bly, be made there, instead Of TO London.
4 favorable bank statement is expected
The bond market continued irregular
and very quiet Total sales, par value.
81 o5o. 600. United States new as declined
4 IN the bid price.
The total sales of stocks to-day were
800 600 shares.
MONEY AND EXCHANGE.-Mone on
call steady at 1AalM per cent; prime
mercantile paper. fa4Si per cent SIerl-
ing exchange strong. with actual bust
ness in bankers bills at Si.S1l2 for de-
lnand and at S4.S:;7sGj.Si for sixty days;
Tosted rates. s.. SlIhI4. 50 and Sass; COM
Inercfal bills, 81, S3i4G4. Sal2. Bar silver,
81: silver certificates, 6l12n6232; Mexican
dollars 4Sii. Government bonds weak;
state bonds inactive: railroad bonds dull.