The times. [volume] (Richmond, Va.) 1890-1903, 1900-06-21
PRICES HIGHER
AT TIE OPENING
But The Early Gains Were Nearly all
Wiped Out.
NET LOSSES WERE FRACTIONAL
Except in Special Stocks. Some Of
Which Show wide Declines, Espc-
ciaIly Sugar and Rapid Tran
sit-Bonds Were Dull.
VET LOSSES WERE FRACTIONAL
sit-Bonds Were Dull.

NEW YORK, juno 20.-The stock mar
Iet made some headway during me eaIls
part OF the session against depression q no
IN average level OF prices 5nate I, Ii =.
above last night was established. hooIn
traders We're inclined to take the long
side for turn under the impression that
the market had been oyersold and a rally
was due. But before the end Of the ses-
zion large offerings were thrown on the
markets, embracing all the principal
groups OF securities dealt IN. Inc carry
gains Were nearly wiped ont Net losses
were mostly fractional. but some of the
speciaItics show wide declines, and the
same Is true of some OF The dormant
stocks which have not been dealt in our
Ing the last period Of weakness.
The confidence of early strength in the
market was q, higher range of prices from
abroad and the disposition Of London to
buy stocks here. It was evident that
more cheerful view was taken IN foreign
quarters and prices hardened The chief
influence in turning the tide of sentiment
towards the bear side was the acute
weakness in the Sugar, Rapid transit
and other spec;aities by sympathy The
bears attacked the Brooklyn stocks with
great confidence, and encountered little
opposition IN forcing the price down, on
account of yesterdays judicial opinion
against the legality of IO-cent fares. Al
ter selling al 64j. in the morning the stock
was forced down to 60Is In the late deal
ings. The drop in Sugar extended to over
PLANTATION. All of the gas stocks were
depressed, the declines extending from 1I
n Peoples Gas TO 18l in Brooklyn Union
Gas. Other notable declines were Cotton
uil preferred 3 and Chicago Great West
ern preferred u on disappointment over
The failure to declare a dividend. The
tobacco stocks and New York Air Brake
fell from 4 to 4. These violent declines
had a sympathetic effect on the whole
list Weakness in the railways was ag-
rraxated by the renewal of crop damage
reports. and not only the Eraln-carrying
roads, but the cotton roads, also were
affected by this cause. Some OF the sell
ing was said to be of stocks held by
bankers for collateral which had been
held for some time past to give oppor-
tunity to The customers of the firms con-
Cerned TO take up the stocks.
The money market hardened apprecia-
bly,. and the possibility of quick inroads
on the small surplus reserves of the
banks received increased attention. To-
shipment to France was expected, and
sterling exchange eased off under the Of
ferings OF bills against the shipment Dis
count rates hardened. both in London and
Paris. SO that it is considered probable
that the demand for gold is not yet sat
istied. and gold is expected to go on
Saturday
Total sales par value, $4,000. United
States u =. As declined u in the bid price
The total sales of stocks We're 351.200
shares.
MONBY. AND NEUTRALITY-SUSPICIOUS. on
call easy at IlaaIa per cent; last loan
a. Ia per cent: prime mercantile paper,
3i5d4ls per. cent Sterling exchange easy,
with actual business in bankers bills at
s.. SG%4 a. Se1s for demand and at 81. S3as9
T. SsH for sixty days; posted rates. S4.S5la
and S4.SSia: commercial bills. 81 S3l20
4.S3%. Silver certificates. 60n61; bar sill
YER COZ. Mexican dollars. 4I3:. Govern
ment bonds easy: State bonds inactive;