The times. [volume] (Richmond, Va.) 1890-1903, 1900-08-16
STOCK MARKET
SHOW EDSTREIvGTH.
There Was Distinctive Broadening
in the Dealings.
BROOKLYN TRANSIT sPURTEO.
The Gain Was, However, Wiped Out
Later-Thc Gcncr raj List Suffered
Also in the Selling Movement
Toward the Close.
BROOKLYN TRANSIT sPURTE0.

NEW YORK, Aug. 15.-To-days s.o S,
market was in many respects Il cou,N aty
part OF The early trading oil me ~. ~
there was, however. more uniformity 10
the advancing tendency. eNceptio't 5;c
Ing limited TO only Il few stocks. -, u.'
HncuVe broadening TO me az 10
aroused optimism TO some fuai ". . a. ~
carly participation in the market ny 'iiS
public. AS an offset the bears divert On On
The New York city bank reserves yes: az, aisu
the usual contraction in genera pusiieS'
IN a presidential electIoll year
While the bank statement on Satufuay
viii have TO reflect upwards OF %lI'p S
GOO gold shipped, ii is said thal ,iie ! ,,,;I
in the surplus reserves OF the parhs wa
be largely Offset by the receipts Oh So!o
from Pacific coast points, interior GU Su
Iency movement and gains from me Hup p,
Treasury. The latter institution VIII
navel o disburse TO the banks later IN
the Week some S2u,ooU,0oO through me
redemption OF the old Government ;.
Money rates here to-day continued easy
but an easier tendency was noted III dlS-
counts IN London, which caused long
sterling bills TO harden here, and the
posted figures We're marked up 32c. II
IS stated that further gold shipments at
d profit are impossible at current rates
for demand bills, Si-S41a. the Bank of
England having withdrawn its !nterna-
uonai allowance for gold in transit.
The stock market in detail showed con-
spicuous strength III many quarters, with
the tendency Tor special stocks intiu-
enced by rumors. Brooklyn Transit
spur:ed up . points on the reputed 1av-
orable character of its pending annual
statement, but the announcement late in
the day that the report would not be pub
lisf3ec for several weeks wiped out pretty
much all that rise. Operations in the
steel group We're confined to narrow linz
its. and they closed somewhat off on
bear pressure, cue TO another decline in
warrants Railroad stocks, particularly
the granger group, received good support,
but they suffered in common with the
general list in the selling movement to-
r6 he close ~ intervals to-day jnTi-
vidual groups We're singled out for an
advance, and as the room traders seneT-
ally followed what appeared /, to be good
buying, other stocks followed lost
ground Sugar, Peoples Gas and Con-
soiidated Gas We're conspicuous features
in the market at different times, but in
only the latter was there any material
effect left of the demand, net gain of
sts points being established Sentiment
abroad was reported to be more favora-
bly, inclined toward American rails and
London took almost 10000 shares of
stock Protit-taking was INDUCED in in
the late dealings. and the market gave
way all around, ending under pressure:
More business was transacted in rail-
road bonds to-day than for some time,
and there was decided upward tendency
for some tissues, particularly Atchison,
debentures Total sales, par value $40
ooo United States new As and the 3s
advanced u in the bid price 600
Total sales of stocks to-day were S3s,-
zoo shares
MONEY AND ExcHANGE.-Mo Money on
call steady at 1I4G11G per cent; last loan
at lIa per cent; prime mercantile paper,
4 per cent Sterling exchange steady,
with actual business in bankers bllis at
81 STjhGI4. STs4 for demand and at Sl-Slh
for sixty days; posted rates, ~ Aotts- S,32
and 81 SS1s6T4. 81: commercial bills, Si.S3A
a. S3ls Silver certificates, G1IaQt21l4.;
bar silver CT: Mexican dollars. 49, Gov
eminent bonds strong; State bonds mac
i've. railroad bonds steady.