The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-27
THE TICKER WAS
AT A STANDSTILL
Stock Market Was Almost Stagnant
Yesterday
PRICES SHOWED LITTLE CHANGE.
Professional Traders Had Difficulty TO
Get Sufficient Variations TO Make
Their Irades-The Local
Markets.
PRICES SHOWED LITTLE CHANGE.

NEW YORK, Jp.sE -9G.FF,Iiie .EaItlns at
titude of the stock market was eniDha-
sized today; both buyers and sellers We're
scarce and the market WAS nearly stag
alant, as shown by the long intervals dur
ing which the ticker was motionless- The
professional traders had discouraging
task in their attempts 10 get sufficient
variation in prices 10 make their trades
The market was equally reluctant 10 Iol-
low the lead of The lew stocks which
showed any strength or 10 respond 10 the
exceptional weakness in one or Two cases.
Sugar, Tobacco and Brooklyn TRANSIT
formed the centre OF the rather feehle
attempt Of the bulls To advance prices.
The latter stock was lifted at one time
over = points. Reports We're circulated
that the statement OF earnings VA! prove
better than had been. but the high price
was very poorly held, and, III fhcf, WAS
Entirely lost, though q slight rally saved
u small net gain.
ba4tinore and Ohio was the most prom
inent sufferer from selling. and was
traded in points below yesterday Doubt
WAS cast upon the promised dividend Tor
The half year by current rumors. y semi
official announcement given out late IN
The day that a half-yearly dividend OF
per cent. would be declared in August
rstused the recovery OF less than half OF
The loss. Missouri Pacific Was also nota-
bly, soft on the practicable abandonment
of recently encouraged hopes OF a dlFi-
dcnd. The decline in the Wabash net
earnings Tor June following that OF the
Southern Railway reported yesterday, and
Hrousng apprehension of other decreases
to come, WAS \ depressing influence. me
stocks Were quiet and Irregular pending
the conference of steel interests in chi
caSo, and their unGertone was heavy I'M
der the threatening attitude reported TO
have been assumed by the most powerful
Interests in the trade
The advance in ocean freight rates,
owing 10 withdrawal OF various German
steamships for the transport service 10
China, was an unfaYorable influence lTdl-
rectly upon the steel group, as the search
ty OF ocean freight room is hamperins'
the export prospects in the pig-iron trade
metropolitan Street Railway was sharply
depressed, with no explanation. ana the
loss IN Delaware and hudson was due 10
labor troubles in lis mines.
Sterling exchange advanced an addi-
uonal fraction, and the tone was reported
strong Exchange bankers say that the
rate has not Vet advanced TO d point that
offers a profit on exports of gold TO Lon
don.
Both London and Berlin are reported
TO be large sellers of high grade
American railroad bonds. but the nego-
tia;ious are evidently conducted through
other than Stock Exchange channels, as
there, and prices are little changed. The
selling of high-grade bonds by foreign
holders, with the Offering in this market
of foreign government and municipal
bonds so TO explain how the Conntrys
enormous balance on merchandise
count is being met Total sales. $40. 900
United States retundins IS and the SIS
advanced 4 and the new IS coupon, old
j 5 and IS y in the bid price.
he total sales of stocks to-day We're
lS5.aeo shares.
MONEY AND EXCHANGE Money on
eau steady at l1lIi19 per cent: prime
mercantile PAPER 46l4A per cent S1er-
ing exchange firm, with actual business
In bankers bills at s. S1a Tor demand and
al SiSS3s Tor sixty la5s: posted rates.
Si;Sif.a i.Sa and s. SSae4 ssh: commercial
hiiiN, NJ S39ti .SSl.. Bar silver. G0L silver
Government bonds strong: State bonds