The times. [volume] (Richmond, Va.) 1890-1903, 1900-08-08
STOCK MARKET
CONTINUED DULL
Dealings Insignificant Except in a
Few Stocks.
CONSIDERABLE EARLY DECLINES.
The Losses Were Largely Wiped Out.
However. Eeiorc the Ciosc-aioney
Easy aud Bonds Dull and Ir-
resuiar-Lacai Market.
CONSIDERABLE EARLY DECLINES.
By Associated Press.)

NEW YORK, Aag. THE recent d us
position to refrain from operating : IA
stocks and to await clearer deSeioe-
1nent OF the prospect was reinforced 20
day by the extreme heat, which reaeieu
"a level Inducing prostration on iile n.y.
of the exchange. With the exception u
the occasional execution OF orders III {.
few stocks where special causes were az
work, the list was almost Whoily heS
lected- During the early part OF me "a
some considerable declines We're ests $50
lished, but when the room uaaers eatiis
to close up their contracts me iesSes
We're in large part wiped out Inc mos
conspicuous individual movement was N
United States Rubber, which jumped Is
from the early low point not long before
the close. Punishment was visited as a
result upon the short interest. when
rushed 10 cover, making some show OIL
animation in stocks.
Northern Pacihc's large increase IN
earnings for the fourth week in July
brought realizing, and the Changers were
heavy on the Weather Bureaus weekly
crop report. showing need OF rain In the
corn belt. The steel stocks sasged on the
further reduction in the price OF iron
warrants. Some OF the recently inactive
stocks showed wide declines, including
Chicago Great Western. Lake Erie and
Western. Iowa Central and the local trac-
ton Stoclis.s- 81 ~ y ..lzSs.IeE-71=t ~
Some. az the early selling was, based on
The beginning of the gold export. move
ment. Engagements amounted to only
about S22,J0G GEO, whereas the estimates
yesterday pointed to 100000 or up
wards. Reports from London We're that
the Bank OF England was now giving
special facilities. 10 attract gold from
New York Otherwise ii as not probable
that gold would have gone out at to-
days figure for sterling. The rate for de-
mand sterling fell back a fraction as
result of sales of bills against gold ex-
ports. It is announced, however, that
more gold viii go out Thursday. To-
days shipments are supposed to have
been to cover the required deposit OF .
The British war loan Gold continues TO
accumulate in New York on payments
by the Sub-Treasury TO the banks of
TRAITS on account Of the gold deposited
at Pacific points. Thle banks have gained
from the Sub-TresLs ury since Friday
8. .6S2, oTJ on this account
The money market is, therefore. little
affected by the gold exports. The London
money. market must make provision this
week, not. only for Ft2oQ,ats3 OF the deposit
with subscriptions to the new war loan,
but must provide also f200.Uuo inStalment
on the former or F.haki loan. Whether
the Bank of Englasad can avoid an in
crease in it's discount rate this Week is
u matter of interested conjecture in its
influence on the future gold movement.
Bonds were duh and irregular. Total
sales par value. SGsj. 600. United States
o's declined Il in the bid price
The total sales OF stocks to-day We're
l3i, 400 shares.
MONEY AND ENClIANGE.-Mone on
call easy at IL per cent; prime mercan-