The times. [volume] (Richmond, Va.) 1890-1903, 1902-07-18
Moro Than . Million Shares.
Change Hands.
GREAT VARIETY WAS DEALT IN.
Preference Shown for The Low. Priced
Goods, but incursions Were Made
into Trunk Lines, vanderbilis
Among Holdings Sought
(By Associated Press. !.


NEW YORK, July 1.-THE aggregate
sales OF stocks to-day snow a further in
crease In the volume Of dealings, which
fairly crossed the million share mark.
Substantial upward progress was made,
Ind the market was broad in the sense
that q large number Of different securities
we're dealt in. and the trading was also
better distributor amongst the few stocks
u which the principal activity was CEN
tered The same preference was shown
tor the low-priced stocks to-day, with The
exception OF speculative lncursIon into
the trunk lines and Wander bus. An at
back into the nigh-p1iceds Western rail-
roads. but it will be observed that the de-
sire to take profits on the considerable
sasaa a. which those stocks nave upw aa
progress. The United States Steel stocks
renewed the struggle to advance ous
again met heavy sales at every stase.
priced stocks were acutely aaected by
proflt-taking. This was notably true OF
the Chicago and Alton stocks. ne evi-
sudden reiapse Of over 2 points in Colo
rado Fuel after a point advance. had
decidedly chilling effect and put sud
leaving it at a level which fairly aver
ased below last night The opening ad-
vance in Colorado and Southern and KAN
sas City Southern was attributed 10 the
same forces as was the Chicago and AL
ton movement yesterday. These move
nents are supposed to signalize the re-
turn Of the western contingent from the
corn market to the STOCK IhaE i; Inc tLe
market for the July corn option at Chica-
go was taken as a warning Tor possible
speculative surprises. The check thus
market was changed again by the heavy
demand developed for the Reading stocks
and the Coalers The demand was un-
the Coal Miners Convention win decide
against q general strike. Late in the day
Chesapeake and Ohio renewed Its strong ]
advance to the extent Of 23s: but without
checking the selling to realize at other
points and making the closing irregular.
Although there was supposed to have
been an extensive speculation upon tae
unknown chances as, Of tn. the Ama tsa
changed rate failed to arouse that stock
from the torpor In which 1t rested all day.
The days activity evidently represented
rise, which was based to-day upon the
absence of any OF the unfavorable facts
rather than upon any new developments
.favoring higher prices.
and there was dirninution of the pres
sure f1,n the interior for currency Ster-
ling exchange maintained Its firm tone
and time loan rates are strongly held.
The controllers call for statement of con-
tition of national banks. as of yesterday
marks an event for which the recent ear
ira demand for cash from the Interior
has beenst In preparation It was subject OF
remark that the required date Of condi-
hon was unusually near to the date of
the CALL indicating purpose to ascer-
tain conditions as nearly as possible of
even date. There was some question
whether this new departure does not con-
zeal a stEtegem designed to increase the
tr,stworthiness Of the showing.
Bonds were active and firm. Total sales
par value. 81 OBJ .0o0. United States refund
Ing rs and the old As declined Is per cent.
on the last call.
The total sales Of stocks for the day
were 1,124.6o6 shares.
MONEY AND ExCHANGE-Money on
rail- closed easier at 263A per cent; clos
ed offered at per cent; prime mercantile
paper 41sG5 per cent. Sterling exchange
Erm with actual business in bankers bills
ut s4.s7A for demand and s4s5ss for sixty
lays; posted rates s4.S6@4.ss and s4Ss1k@
fs9: commercial bills. s4.S4A 64.s4a4 Bar
silver. 52R; Mexican dollars. Az. Govern
n.ent bonds weak: State bonds, inactive;
railroad bonds. firm.
STOCK QUOTATIONS.
Op'n High Low C1e