The times. [volume] (Richmond, Va.) 1890-1903, 1900-08-01
SOME ANIMATION
ON STOCK MARKET
Movements of Prices During the Day
Were Conflicting.
BREAK IN THE SUGAR STOCKS.
This Proved !. Most Effective influence
and tho Close Was III the Low Level,
whiic Some Stocks Had Made
Gains ut an Earlier Period.
fBy Associated Press.l

NEW YORK July 3I--Sorne animation
was given to the stock market to-day Ds
.he conflicting movements of prices en-
gendered by the upward squirt IN Union
Pacific and the realizing in sugar. me
break in Sugar proved the more eiit ,S
III lis influence. and the i.larket c'9ssu
weak at about The loH level OF the oaS
utter having shown considerable gains AZ
many stocks at AN carrier pciloa-
The tradin., was duh, and continued en- l,.
trely in professional hands me t.'i :,
strength was rejected 10 como extent
from the foreign stock markets, when
showed decided rei:ef over the feiiap'c
tenor of the news of the safety OF liie
envoys III f'ekin- The small Commitments
on the bear side put out YESTERDAY were
closed mp, helping the rise.
"A number OF statements of railroad 3l:t
earnings wer factors OF strength ll!l7
was notably true OF The PennsSlEanla re-
port on account OF the extent OF the Ter
r:toTy covered by its lines and the eN-
ceeo.ngIy r9lied character OF its trallic'
which make its statement Nained as ac
cGrate reflections OF general conditions III
the railroad world. The stock OF fhe
company adv lIsced l12 under ;hls inilu-
e1lce, and the price was Well Fefd through
the later NiCiSsliueS df othe marker, al
fording striking contrast TO the Tditter-
euc3 with which June reports OF some
other railroads were received
The large net increase shown by the
Atchison system did not avail % hold the
STICK and Burlington, afte- rising a
sharp traction. len below last night S
level on realizing when its statement APP
peared The = per cent. S9isai- annual diN!-
serG on Union Pacific had been counted
upon with certainty on account OF the
authoritative character of the promises
made A reaction was Immediately foi-
3owet. by large and aggressive buying for
inside interests, which carried the STOCK
up rs This strength was ineffective IA
pulling up the rest OF the list, IN when
It, high level OF the morning had beeH
led of n
movement
Sugar Tell abruptly 10 i20lG. an extreme
decline of I points, and American 1 opacco
suddenly dropped . points in sympathy.
Metropolitan showed marked weakness,
and the whole list fell 10 the lowest,
Union Pacific yielding fraction. 1here
was some evidence. OF Il. speculative con-
test between the friends Of Union PACING
and Baltimore and Ohio, on account OF
the attempts on the part OF the buiis on
Union Pacific and bears on Baltimore ana
Ohio TO draw unfaEorabie comparisons
between The price OF Union PACING. with
dividends declared at the rate OF per
cent and Baltimore and Ohio, with GlVl-
1end action vet 10 be taken. brooklyn
Transit continued rather active to-day,
but the movement WAS not wide ana the
stock made fractional net gain. rlhere
WAS slightly 1iriner tone 10 sterilns eN.
ehange to-day, in spite OF 4 shading OF
&-onGpn discount rates. The question OF
gold exports this week remains unde.
cided, with to-d2ys conditions against
the probability
The bond market was firHer to-day, but
Very DUH Total sales, par value, S'SZ,ooo-
United States retInding rs declined y,
and the IS, old IS and IS a at the last
The Total sales of stocks for the day
were cVy,opg, sha1,cs-T- Ts,sft ~ 7cg sza-t
MONEY AND NEUTRALITY-SUSPICIOUS. on
call steady at ll4@li2 per cent; prime
mercantile paper, 4NiS4 per cent Sterling
exchange firm, With actual business in
bankers bills at s.. 81 i-hf3s for demand
and al S4.Sa5e fGr sixty days; posted
rates. SISg5!q4.S;, and S4.SS32; CONNER
cfal bills. S1.otl4. $50. Bar silver, 6i14;
silver certificates, 6l344e2l2: MeXican dol
lars. 1871. Government bonds weak State
bonds inactive; raitf0ao bonds .1irH.i3'}