The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-22
THE PRICE GAINS
WERE SPORADIC
None Held at Highest and Some
Were More Than Wiped Out.
THE MARKET CLOSED EASY
while Net Changes for the Day We're
Small and Unimpor,ant, Bond Mar
ketFaiied to Show Any Pressure
of Capitai Seeking Inycstm't

-
ofCapitai Scckin. Inycstm't
NEW YORK. July o1.-There were
Few sporadic cases of strength in the stock
market to-day, bat none of the gains
neia at tie highest and some of them
were Wese more than wiped out. In the rail,
1oao nst Southern Pacific and St PAU
MSre me only stocks to make any con-
siderable strength. Among the special
LES Leather. the New York fractions and
:. lei, tennessee Goal We're the features. Sugar
WIS nitd = points at the opening, but
~, was very obviously for the purpose OF
Sioralnx market upon which to real
aae profits The stock closed points be-
aow the high level. and dominated the
whole market
As the London Exchange was not in
SESSION to-day, and had adjourned yes
of Minister ConEer's message the effect
SI mat news on the English market is
I'll! somewhat problema teal. French
81 stts, rose . points to-day, but there
as sun dcuhtS of the authenticity of the
longer message. which left doubts as TO
now 1t viii affect the market.
,,rs ne aank statement figures arc rather
The receipts this week of $4,000. 900 in
gold accounts for the large Increase in
reserve. The decrease in the loan item
indicates that German borrowers are still
TepaEing loans of New York canital
Sterling exchange advanced in Paris and
berlin. and was firm though nominal
increasing the likelihood of gold exports
next week. -
The much mooted question of how the
large trade balance in our favor has been
paid or met is partly answered by the
appearance of advertised offerings by
New York and Chicago bond dealers and
bankers Of varied list of foreign Cow
ernment securities. including German.
Russian Swiss. Dutch, Belgian Swedish
and canadian securities of many denom-
The market closed easy at unilnportant
net changes. The demands of foreign
governments for capital to conduct mill
fary operations in China are expected
will make It profitable to leave American
capital in foreign loans. The Bank of
England has inaugurated 4 policy OF re-
trenchment and regeneration by an l1nex-
planned advance of a full per cent. from
s TO per cert. In its minimum rate of
discount. and has been able by borrowing
from the open market to carry the pri-
kate discount rate UP to Its own rate.
In the New York money market the usual
July deficit in Government revenues.
which amount for the month thus far to
about "a hfh.Gn. has been for the benefit
Of the market. and has offset the Treas
.lrN recall of deposits from national
banks.
The bond market has failed to show
my pressure of capital seeking invest
,nent. The funds disbursed on July 1st
are apparently held in accessible form,
awaiting developments in the money mar
!set United States refYnaing os when e.,
una . as per cent \; IA liie pio price. ne
The Total sales Of stocks today were
sA4 200 shares
MONEY! AVN 17vctnrcr ,.o,,r =,
call nominal: urine mercantile paper.
Sc7in, ,,s,. n.,,+ s1arl,,g aychanpe etea1,,
-,;,h, - f,i,,ars -; I,anl.ars. i,ill. a.
G. S4,f f.,, 7a,,,and ond -. ed S.,zzGll 81 for
w. a tn1 md
eoinnsrciai nliis: 49, se c11lG
COZ. nJayican dollars 4SlL State bonds
inactive. railroad bonds irregular; Gov
eminent bonds steady.
pA>-,- STar17A1FSr Tho
,,aa,Fi, ham, staiemenf shows the follow
.hanpas.
Surplus reserve increase =, 5 1e1t 1oo
Soaa,a ;ecroose l GS1 100
Specie' increase eI 91 200 noo
Senasfts decree se 1'315.1OO
Circulation. increase !47,1oo
he banks now mona S''4''oi'' 'o III en-
crocD- o;-or.r1o~e
oioeh |sooi "a 70,
closing Hld:
-Aichlson --.-------- ------------- 59Is
-Atchison pfd 69tt:
Baltimore and Ohio --....-.-...... lGA
Canada i.l- southern ,il -: -. s9H
Ches. and Ohio NEUTRALITY-SUSPICIOUS.. Tx
Chicago Great Western ....-.-..... 10s4
Chi. Bur. and Quincy 120
Chi, Ind and L.. 23ta
Chi. Ind and l. pfd. ....... 81
Chi. and East. Illinois ............. %
Chi. and Northwestern ....-.-.-... l6o
Chi, Rock Island and Pac. 10G.s
c.. G. c. and ST. Louis ....... 59A
Colorado southern Gas
Colorado Southern 1st pfd. ..... 41E
Colorado Southern I'd pfd 1913
Del. and Hudson .........-... 1121a
Del, Lack and Western ........ 175
Den. and Rio G. ..-.. 1I1a
Den. and Rio G. pfd. w
Erie ......-. ...........-.-. II
Erie LIST pfd .......- .....-....... 512
Great Northern pfd a......-----.. 12S
Hooking Coal . 1875
Hooking Valley ........ ...-...-... "a
Illinois Central ....--.. ....-..-... 1l9
iowa Central 10000 -
Iowa Central rfd .... d9l3
Kan City Pitts. and Gulf. --....... 16
Lake Erie and Western 26ta
I ,,fi