The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-06

..lRLY LOSSES
WERE OVERCOME
Stock Market Showed Strong Recu-
perative Power.
FOREIGN INFLUENCES AT WORK.
The Alarm Over the Chinese Crisis
ana Panic Condition of Finances
in Berlin had an Effect on
the Market.
FOREIGN INFLUENCES AT WORK.

NEW YORK, July 5.-T7lae stock marker
made very striking Demonstration o. o,
recuperatiVe power to-day by the Wy IN
which II overcamc the early losses. mere
were wide breaches in prices as the re-
SUIT Of Two days OF seni-GsnohSll1,t-i oti
on foreign stock markets. When the NV
YORK stock Exchange began 1Lau!!e 'it -;
morning American securities ueslt u. -,
London Were depressed ali the way A40iti
4 large fraction 70 y below the cIosaI is
price here on Tuesday BRUSH co HsuiS
had lost all but l-lG of 4 iui! poill, atIu
French rcntcs had fallen % celllii ..s<
from Tuesdays price. Such vas li!c
striking effect on tho alarm felt in t1uio-
pean markets over the pass TO Wllcii the
Affairs In China have conc To the alarm
on account OF the Chinese crisis mus E pe
added renewed unctsinesS over the iiti.ii-
ciai conditions at Berlin, "lieiG ~ ttS!f
was condition bordering on gSiilC SS'tt
Yesterday and to-day. As the bet4lil oia
count rates have declined on both oGCd-
sions, it is evident that the forced SeLI!iis
there must DE due to the same sort oL
discrimination against the numerous
brood OF industrials as collaterals. Whlcn
so acutely effected our own industrial
stocks last December.
The home market began to rally with
increasing vigor after the selling had
ceased Tho depressing influence OF the
Chinese situation was converted for home
use INFO factor OF positive strength, AND
for the first time since the scare over the
crop became an issue. the prices for
wheat and Tor stocks advanced siInulta-
neously The argument was that in the
event OF extensive military operations IN
China much material would have to be
supplied from our Pacific coast. This
served 10 raise the gransers well over
4uesdav'S level OF prices. The rally in
prices was conspicuouslv aided by ma
!lpulation on the part Of prominent bear
leaders,.
There was much political prediction ac-
commanding the professional operations.
4 rise Of ~ points in Jersey Central
further their efforts. The movement was
accompanied by continued talk of change
If control in the interest of Baltimore
md Ohio The later stock, Pennsyl-
Vania Missouri Pacific and Reading first
preferred. were actively bid UP by bull
leaders. The same element was infiuen-
lial in lifting Sugar over points. The
local traction stocks and a number of the
leading industrials also showed occasional
strength. The metal stocks were all
notably strong
There were some recessions on profit
taking. and one or two final sharp ad
vances but the close generally was about
steady near the high level.
The money market continued quiet, and
there was no evidence OF largely IN
creased supplies from the July payments
The bond market was fairly active, but
the movement of prices was irregular
Sales* 81. 100000 United states new +
declined ]. and old Is ) in the bid price
Total sales OF stocks to-day, 5oS'Voo
shares.
MONEY. AND XCHANGE.;-Money on
call easy at 1l292 per cent last loan az
Si%d4 per cent. Sterling exchange firm,
with actual business in bankers, bills at
s.. S6l4 for demand and at SiS3%i 1855
for sixty days; posted rates, $3.50 ana
81 S7I.: commercial bills. S4.Ssti- 9%r ST.
yer. 54l4; silver certificates, 6l4bit2;
HIexican dollars. 90 Government bonds
weak. state bonds Inactive; railroads
irregular