Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-07-03
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Sticks, Money, Exchange, Bonds, Grain,
Cotton, Provisions, Etc.
These Are Closing Sales
Each Day.

New York, July with the exception
OF brief periods of del sssion at the OPEN
Ing Ing IN sympathy with foreign quotations.
throughout the day. and closed with the
gains we'll maintained in nearly all cases.
diffused, the Changers and Pacifcs were
the leaders of the market both in point
, Oh activity hy and strength, The news Of
spring wheat region was the principal
factor In the advance. as 1t was in the
decline in the wheat market The weekly;
statistics of grain traffic received from
Chicago emphasized the influence of the
news or crop conditions. The deliveries
increase over last weeks total, and at
6,3S6,o0O bushels was the largest for the
corresponding week in over five years.
which the falling off was about % per
cent. The receipts at primary points
weeks large aggregate. The willingness
thus shown By the farmers to part With
their wheat at present prices. serves some
what to discrcdit the alarmist reports of
the prospective shortness of the wheat
crop The shipments east of Chicago
poth OF flour and of grain. also showed
Good increases.
These considerations proved so effective
as to offset the days unfavorable show
of the Chicago, Burlington and Quincy by
reason of heavy charges for operating eX
penses. showed the increase in gross earn
ings more than wiped out and the de-
crease established in the surplus, after
nXed CHARGES was no less than 60 per
the case Of the Louisville and Nashville
The net earnings of which fell off about
n per cent from last years level.
fully In the days strength The figures
OF the large July disbursements OF divi-
bends and interest were another factor OF
strength In the market. These are esti-
mated variousiy at 500, 0o0, 600 to si25ooO, 900
II Is pointed out firmly that larger por-
Will remain In this country, owing to the
large buying of American securities from
Foreign holders during the last year. The
the effort by professionals 10 anticipate
inc coming pressure for re!nvestment. In
fact, the whole movement was largely IN
professional hands. the advance being ac-
complishcd on n small volume OF business
and with the obvious intention of improv-
ing the level of prices rather than OF
securing stocks as cheaply MS possible.
The Steel stocks were strong In tho
early dealings, In spite OF the news of
The widespread closing down of mills
pending an adjustment of wage schedules.
There was also n reaction in tho price OF
PIG lead. The metal stocks generally did
not hold their best prices. The same was
true of tho Coalcrs. Sugar was compare
lively quiet and was Inclined To react
from the high price The following de-
preston was attributed to the serious as
poet OF the Chinese question aud in Bcr-
Hobokcn on Satu. aty, but the reflected
influence In this market WAS overcome
within five minutes.
a long list of bonds sold eX-intercst this
morning and many of them made good
progress towards recovering the amount
of interest. Total sales. par value,
United States refunding coupon 2s,
when issued. advanced lac. and United
as declined Ac in the bid price. The
total sales of stocks to-day were $4,000
New York, July 2-standard Oil, 59i@