The times. [volume] (Richmond, Va.) 1890-1903, 1900-08-22
y
STOCK Ml.AIR|KE
OPENED EASY
Scope Of Operations for the Day Was
Very Narrow.
GENERAL LIST NEGLECT ED.
Marle. Yielded in Late Hours. Clos
ing Easy in Tone With Net
Changes KcSisterin. onlya
Fraction Either Way.
GENERAL LIST NEGLECT Ed.
(Hy Associated Prcss. !,


NEW YORK, Aug. 2l-Tie stock mar
Eet was narrow to-day. the only Incl
dents OF noSe being the movements OF
certain industr;als. The opening was easy
On London s weakness. Sugar was de-
pressed on the strength of a reduction in
coffee prices. Which was taken to indicate
a possible resumption OF the trade war
IN sugar despite the recent maintenance me-
OF similar prices with consumers Inc
stock Went of Ia points on the offering
ot some large amounts.
The consequences OF the recent pear
campaign against Peoples Gas accounted
Tor its apparent fall. Business vas only
moderate during the selling. and as Hqul-
oauon We're not forced the shorts com
menced TO cover. Before the forenoon
expired prices We're on the mend, ana
there We're indications of contidnt buying
an spots. Rallies We're most pronounced
IN the stocks which had suffered most
earlier. and the general level was lifted
ABOVE last night Conspicuous strength
was shown by Brooklyn Transit. Man
hattan and Consolidated Gas, the latter
rising IA per cent from the lowest. New
Jersey>Central then assumed a command
Ing position in the market, rising, ;:A per
cent. to 1919 which is a record price IN
Its recent upward movement Revived
reports We're current of ats probabi alb
Sorption by the Baltimore and Ohio Rail
road in the interest of the Pennsylvania
Railway. the latter being credited with
the dominant influence in the manage
ment of the Baltimore and Ohio. No
confederation of The report was had up
TO the close of business, nor of the state
1nent that an advance in coal prices was
imminent.
Coincident with the high price. regis
tered for New Jersey Central the July
statement Of earnings of the road We're
reported showing a decrease in gross of
%3,104. but d reduction in net OF SIG, $50.
This showing and realizations forced the
stock off TO 136 at the close Reading
first preferred was the only other coaler
to show an reflection Of the movement in
1arEev Central the stock rising l., nd
retaining the gain.
While the speculation in these stocks
was being carried on the general list was
largely neglected, and showed no inclina-
ton to rise above the level recorded
about noon. This circumstance caused
small offerings all around in the final
hour. and the market yielded, closing
easy in tone, with net changes generally
q small fraction either way.
a feature of the closing dealings was
the rapid advance of 31a points in ST. Joe
and Grand Island first preferred, which
was unexplained. London operations in
Ibis market We're unimportant, but con-
sisted Of sales of lew thousand shares
on balance. Monetary conditions abroad
showed d further relaxation, discounts
at London declining and exchange on
London at continental npoints also yield
ing. In the local--nlarllet money rates
We're unrufflcd, with borrowers described
as being in an Independent position.
Business in bonds expanded to-day, and
there was an active demand for ST. Louis
Southwestern seconds which advanced
them Is per cent The general market
was irregular. but variations We're slight.
Total sales. par value. $1,115,0H0- United
States refunding IS (when issued) de-
clined Il and new As advanced a in the
bid price -9lti155tAi ei4t
The total sales Of stocks to-day were
1o2, 500 shares.
MONEY AND ENcHANGE-Money on
call steady at 114@11a per cent: prime
mercantile paper, 401 per cent. Sterling
exchange frmer. with actual business in
bankers bills at S4.S79s for demand and
at 81 Si5s14. 81 for sixty days; posted
rates, S4.S5G4. Sol9 and S4.SSIa04. 80; COM
mercial bills, 81. S3l4Gi4. Ssh. Bar silver,
6lA; silver certificates, {S1l2G62s; MeXi-
can dollars. 4Sih.aE Government bonds ir-