The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-19
STOCK MARKET
EXTREMELY DULL
Recent Appearance of Activity Gave
Place TO stagnation.
SELLING PRESSURE NOT SEVERE.
Tho Buying by the Bull Party Has
Failed Utterly 20 Attract ANY
Outside Dcmand-Bonds
Also Dull.
SELLING PRESSURE NOT SEVERE.

NEW YORK, July 1S.-The but party
des.steo from their efforts to aaEalse 20
prices Today. and the recent appearance
OF activity. due TO their operations,
promptly gave place again 10 something
near to Stagnation " lille the pressure
70 realize WAS not severe. 1t was e'ioeiiI
KAT the recent demonStTadve buying y.
tae Dull party has failed utterly 10 .Attiact
any demand from outside sources, 50 ti'''s
no market is offered Tor the taxing Oh
profits.
Predictions of dividend action or tal.
lInoTe and Ohio are so Tar clscleuiteu
that that stock went backwards to-day,
and even Union Pacific, which has oeeh
advanced by much more aggressive ii!Ai'-
aSement, fell back almost as muCht tae
latter losing IA net, and the former ifs'
The increase in the dividend rate OF III
nois Central apparently did not add 10
TO the credenca given to predictions OF
other dividend Increases Yesterdays vio-
lent rise of points in Pacific Mali ana
the strength of the Pacific Railroad
stocks was more fully explained by to-
layS detailed reports of the charteTlng
OF steamships in the Pacific by the United
states Government and In the Atlantic
by the German Government for use IN
the Pacific 10 transport military supplies
10 China
But the inviting prospect thus offered
of lucrative tra4.Ic for the tranSconti-
mental railway lines was Offset to-day by
olIIer considerations OF results to accrue
from the war in China. Wall Street has
not given much attention hitherto to the
check to export trade in textiles caused
by The uusettlement in China. The un-
easiness caused abroad by reports OF
Boxer inrosds upon Russian territory
brought sales Of securities In New York
Tor foreign account. and q. reminder that
forced liquidation abroad might throw.
considerable burdens upon the New York
stock market.
The days shipments Of gold We're a re-
fecuon OF the money needs of foreign
markets. which are not uA kelly to grow
acute II the Government eN. = iditures for
war preparation should become large
To-day's engagements, S2.0G0u00, were
more than = million less than was antici-
pEted. The immediate continuity OF the
gold export movement is felt to be in
some doubt. But il military operations
are to be carried on in China the needs
Of foreign governments for capital Will
pretty certainly converge upon New York
as this is now the cheapest money mar
ket in the world. But u1easness Is
caused by the conjecture as to the effect
upon the New York money market when
the interior demand for moving the crops
is added to the foreign demand.
The money market in New York con-
tinues very dull. bur funds for time loans
Tor the longer periods are scarce.
The bond market continued very duh.
and the fluctuations were uneven. Total
sales, par value, $905 900. United States
rs registered declined Il and new As
Is in the bid price. The IS coupon ad-
vanced Il and old As Is per cent.
The total sales Of stocks to-day We're
2o0,7o0 shares.