The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-14

MARKET Dull AND
INTERESTING
Weakness Due TO Renewed Fears
Regarding Chinese Situation,
BOND CHANGES WERE MIXED.
Steel Stocks Were Notably weak Late
in Day on an apprehension OF Cur
taiiment OF Consulnption-Loc
and Tobacco Markets,
BOND CHANGES WERE MIXED.

NEW YORK. July 13.-To-day's stock
market was but auiI and undressing
@far, and marked The further c!apse
rom the manipulated rise of the Garner
part OF the week. which came into evil
laeace yesterday. Selling to take Iohls
vas Inc ORDER of the day, ana 'he IL d..
pay out some fresh short lines hHt
sse.tiei' OF these operations was on d Fet
Offensive scale IS sufficiently shown by
small figures Of the total sales OF the
10y, ana the greater part OF even tiicSe
<t18li dealings took place in the loTei ,5;yi,
WHeR the bull interests were still making
.9l44e Efforts TO continue the adSahSe-
ne EFFORTS were not put forth IN tne
opening transactions and the syInpd-
iheGc depression from foreign markets
was allowed lis full effect.
Inc weakness there vas due TO renewed
7eeFs regarding the Chinese situation ana
10 The in.shap 10 the British forces IN
South Africa. The effort here was purely
sympathetic, and when ii was seen now
small the selling for London account WIS
sumo control Of the market. The market
was later allowed to elapse into an almost
3LfeleSs state.
The break in the wheat market, which
Knight be fairly construed as indicating a
more hopeful feeling regarding the crop,
was powerless to sustain the stock mar
keel Small dealings We're sufficient to
drive prices sharply below last night s
level. The GraIlgers, Southwesterns and
Some Of The Southern railroads were most
1lotably affected, but there were examples
-ci NSdElitSS III through Inc list, DOtl OF
railroads and Spec!alties
The steel stocks became notably weak
Gate in the day on & growing apprehen-
son that the general reaction in business
Twill curta.i the consumptive returns for
troa and steel, whatever the ultirDpte
basis of prices may be. A7sfurther adj
vance in Sterling Exchange rate the
hardening of the London discount rate.
ta!aa the continued drain on the gold re-
iserye OF the Bank of England led TO the
fop.nloa among financial houses that fur
liner shipment of gold from New York 10
iGtris are likely TO be made next week.
and estimates OF to-nOrrow's gold shin
Itnent are rather tentative in view of the
nuates and the actual results. The banks
tSeened 10 have gained over million dos
5tafs from the Sub-Treasury during the
week. and the movement of currency-frora
The Interior, though considerably reduced.
as IN thar favor.
The bond market continued dull and the
changes were mixed Total sales. mar
Na!ue, S1,53sH50. United States bonds I'M
changed in the bid price.
Inc total sales of stocks to-day were
500 shares.
MONEY AND EXCHANGE.-Monev on
San quiet al ~ per cent: prime mercan-
Gle paper, 34a4h per cent. Sterling eN-
Echange firm, with actual business in
bankers bills at S4- $50 1865 for demand
and az S4-Si1a for sixty days; posted rates
y. S5a4. SI4&; commercial bills 81 S354@
q S5i2. Silver certificates. 611%G622s; bar
silver. 6l1%; Mexican dollars, 4SA Gov
e1'nrnent bonds steady; State bonds mac
IiYe; railroad bonds irregular.