The times. [volume] (Richmond, Va.) 1890-1903, 1900-08-21
FINANCIAL AND
COMMERCIAL
No Radical Change in Conditions of
Stock Market.
BONDS SHOWED IRREGULARITY.
Railroad Stocks Were Much Better
Sustained Than the spccial.ics,
Declines Extending to a Point
in St. Paul and Rock Island.
(By Associated Press.)


NEW YORK. Aug 2o-There was no
1aoical change in the character OF we
STOCK market Operations. General news
bearing on the situation was scant, pul
what there was furnished further am'nu-
milton Tor the bears. London whlch mas
latterly been u buyer, turned seller lof
small amount, and western oIietihs9
were effective in special STOCKS: Hei.ei a a
weakness occurred in stocks Win which
the firm OF Flower & Co. is idenlllleo,
following the announcement OF the DEAN
OF the member of the firm. Ihese ~
clude q half dozen of the most active
issues. and losses ranged TO points,
with Brooklyn and Peoples Gas ieaalilS.
Elsewhere selling was in moderate
volume. but some rather pronounced oe-
C!lneS occurred in Sugar, Tobacco Seil-
solidated Gas and metropolitan Street
Railway. Railroad stocks We're much
better sustained than the specialnes. de-
Paul and Rock Island. While the general
tone throughout the greater part OF the
day was reactionary, there were PERIODS
of the SteadinesS when the shorts reduced
their lines.
Some comment was aroused by the
marking up of General Electric to S1io%4-
Its closing price on Saturday was l3G:
REPORTS of a combination with a rival
concern and excellent earnings were cir
culated of which there was no confirma-
ton. Fluctuations in the steel group
Were comparatively narrow, but early
losses were generally recovered in the
late afternoon on reports OF improved
trade conditions.
A matter Of increase in connection with
the international monetary situation was
The decline in call money in London to
g1a per cent. This circumstance was at
tr1bited TO receipts of gold by the Bank
of England, amounting to S4.6I0,ovO.
This amount included the $3.25000o gold
nxnorted from here on Saturday a week
ago The Sub-TTeaSury statement for to-
day showed that it was a debtor at the
clearinghouse to the unusual. amount OF
&, 500 Payments by the Government
On account of the redemption OF the old
per cent. bonds for Saturday and to-
dav amount to So, 727 ,019.5 AT this rate of
replenishmert the banks will speedily re-
cover the decrease in surplus reserve at
fected by last weeks gold shipments.
In the last half hour of trading, People S
Gas and Brooklyn Transit were bid up
over {; point from the lowest, which ex-
erted stimulating effect on the entire
list The close was steady, with rally
in progress.
Bonds showed irregularity, but changes
were very small. Total sales. par value,
s,,,,.,uO0 United States new As advanced
>. in the bid price.
The total sales Of stocks to-day We're
c03, 400 shares.
MONEY AND NEUTRALITY-SUSPICIOUS. on
call steady at 1A@1la per cent: prime
mercantile paper, 4Gg5 per cent Sterling
bankers bills at SI.S712@iSlas for de-
mand and at S4.Sid4.S4 for sixty days;
posted rates. S.. S56Di.S Ssh and S4.SSl20
;; 80: commercial bills, 81 i4d4 -S3a4. Bar
silver CHS: silver certificates 6l1adb2t2;
Mexican dollars 4S1e. Government bonds
strong: State bonds easier; railroad
bonds Irregular.