The times. [volume] (Washington [D.C.]) 1897-1901, 1900-07-04
THE GENERAL LIST Firm
The Dealings, However, Continue
Very Light in Volume.
The Chinese Crisis md the Kansas
City Convention StilI Factors in
the Observation-Disclosures Hold Their
Cvn-Vhc New York Traction Is
sues Close Mt Small Net Gain.

NEW YORK. July S.-In the general
hardly reasonable to expect very much of
ta6ay's dealings, and as a matter of fact,
they were in exceedingly light volume. At
the sane time the tone Of the market con-
tinued steady with pronounced strength
manifest in number of quarters.
There was very little actually fresh il
the days news which could be offered in
explanation Of the drift of prices. The news
from China was exceedingly disquieting
Wheat advanced rapidly on fresh Western
estimates of the extent of the crop dam
age. while tomorrow's suspension of bust
ness naturally induced profit realizing
sales on the recent advance.
As against these circumstances there
could be placed only the proceedings of
the Democratic Convention as they were
foreshadowed in this mornings news.
Much encouragement was derived from Mr.
Bryans uneQuivocating declaration OF his
position, and indeed that appeared to be
the main cause of such strength as the
market showed in the mornings dealings
The London and the Continental markets
alike were unsettled today, Chiefly by
reason of the apprehensions excited by the
Chinese crisis. The local market, however.
proved quite indifferent TO London's atti-
lude and ignored both the tone of that
market and subsequently the selling here
for foreign account, which in the aggre-
gate amounted 10 some 5,C01 shares of
various stocks
The trading of the morning was ca2rac-
tefized by considerable animation. but sub
sequently profound dullness set in. With
the course of the afternoon many of the
advances were shaded or altogether lost.
The frmest features of the marke; were
St Paul Baltimore and Ohio, Reading. al1
Jersey Central. the two last named advanc-
ing on the ideas that have already been
adequately set forth.
The strength of Baltimore and Ohio was
again based upon dividend expectations, al
though ii is scarcely possible that this
question will be determined for several
weeks. TIE strength of 81. Paul seemed
to be owing chiefly to a better understand
ing to the extent to which the CROPS
along its lines have suffered. Northern Pa
cif1c. on the other hand, was unfavorabiy
affected by the further advance in whea:
and the accompanying crop damage ru-
mors
Irregular movements were noted in the
local traction group, but the dealings there
were in small volume apart from Brook
lyn Rapid Transit That stock advanced
sharply in the early dealings. but it later
OF lost the greater part of its rise. It's
course was presumably the result of the
covering of a part of the extended short
interest in the stock, and a: all events it
could hardly be attributed to the upshot
OF yesterdays verdict in the conspiracy
trial
The industrial quarter was slightly reac-
tiorary except for Sugar Refining where
further advance in refined Sugars was fol-
lowed by buying for both speculative ac-
counts. There was otherwise a virtual ap-
sence of news bearing upon particular
stock and the somewhat irregular ne,
price changes seemed to result chiefly from
the general considerations already cited
Neither money market nor foreign exchange
conditions were altered in any essential re-
spcct