The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-18

PRICES ADVANCED
ON STOCK MARKET
Business Was in Large Part in Pro-
fessional Hands.
GENERAL LIST NEGLECTED
and Price Movements We're Unimpor-
tan,. but Net Gains wcrc Gcner-
ally Registered at the Close
of the Day,
GENERAL LIST NEGLECTED

NEW YORK, July 17.-The stock MAJ
ket gaze continued evidence lo-@eS -
operations by an influential Clique. Aiieit
eHoFiS 10 advance prices met VAN - ~,
siderable success, and were ASSISTED ny
q sharp upward movement IN huihpel
OF Individual stocks, in which an 'u,7
standing short interest Was driven 70
cover Business continued in large pa
IN professional hands.
The general list WAS rather neglected.
ana Its price movements were Gililhl 13
lant, but net gains Were generaiis iesio
Tered at the close OF the day ne iii1-
1IlPuiaIive character OF the market "aS
evident from the circulation from 'tLi.s
10 time of some rather eHtraEaSaAt ! u
mors. But the resulting gains were PREF
" well held, and the pressure OF pfohl-
taking at the advance was not sufficient
10 cause any very notable setback
The tone OF the market at the close,
however, was rather easy and dull at COIL
cessions from the best. This was que
rather to u pause In the bull manipu!a-
lion than to any large selling. Union Pa
chic was the most conspicuous stock IN
the list, and resumed its upward move
eneEt early in the day a period OF dull
ness and relapse followed the higheT
opening, which was apparently due to the
check 10 the upward tendency III Balu-
more and Ohio. Some doubts we're cast
upon yesterdays confident predictions of
early dividend action on this stock. The
market maintained an attitude of indif-
ference for some time 10 the rapid adj
vance scored, first by Brooklyn Transit
and later by Sugar, the first rallying 80
from early depression and the other ris-
Ing nearly points.
The movements were due to the demand
from the shorts, who We're disturbed by
the apparent Willingness of inside inter
.ssts in Brooklyn Transit TO see the stock
go down, and by reports OF large profits
IN Sugar Refining at the present level OF
prices.
There were similar movements on a
smaller scale in a number OF prominent
specialties. Pacific Mail rose Conspicu-
ously / points on the suppoSition that il
would be benefited by the transport Of
troops and military supplies to China.
T'he onward movement in railroad stocks
was renewed after midday under the
,s1imulous of these special moTements.
The Changers, Subdivisions and Paciflcs
advanced very generally from to 49,
points and ST. Louis and San Francisco
first preferred jumped ~ on a few trans
actions The movement did not extend
list list 0u'S''s '--sS MINIS - ' 80 =
Arrangements are reported to have
been already made for sending Sl.500000
an gold bars by Thursdays steamer, and
exchange houses estimate that the total
OF the week Will run up to between
s., 600 600 and S4.o1ooGo- Money on call
and short time loans continue easy, but
lenders are indiSpoSed TO place loans Tor
the longer periods.
The bond market was dull to-day, and
the movement of prices continue iTregu-
lar. Total sales. $SS5,0O0. United States
old IS and 5's advanced Il in the bid
price.
The total sales Of stocks to-day We're
29o, 500 shares
MONEY AND EXCHANGsE.--N1on on
call easy at 112d.2l2 per cent; prime mer-
camille paper, ;s.@41. per ceIt4. Sterling
exchange firm. with actual business in
bankers bills at $4STQ4-ST1s for demand
and at 81 S4M4. SINS for sixty days; posted
rates, S4S5 and Sass; commercial bills,
s.. S;S;$s94. S33s. Silver certificates. VI1aq'
624; bar silver, CHS; Mexican dollars.
ISL Government bonds strong; State
bonds inactive: railroad bonds steady.