The times. [volume] (Richmond, Va.) 1890-1903, 1902-08-08
MORE ACTIVITY IN
THE STOCK MARKET.
irregular Strength Shown Large
Buying of Southern Railway.
Kings improvement.
(By Associated Press.)

NEW Yf1t1k Aug There was a
further expansion in the foiuihe o. ia az
ing in to-day's stock market ana the
tame kind OF irregular strength which
was shown yesterday. There were points
Of weakness IL the market, IN spite OF
the marked strength OF the most consplc-
s,o,is stocks and there WAS still larger
number of important stocks which DID
not respond to the advance, and were sim
ply dun and neglected throughout the
session There were violent movements
IN some usually obscure stocks, but In
some also which are always active and
prominent. The prices fuctuated Il or a
full point between transactions
II took but two transactions to lift Bur
lington Cedar Rapids and Northern 10
points. following a . point rise yester-
day. This was the result of the announce
ment by the Protective Committee of
minority Stockholders that they had Sc
cured an offer Of a higher price for the
outstanding minority stock on asserting
TO the plan of exchange with Rock Island.
Dther controlled stocks. which seemed TO
be affected in mpathy, We're Nashville,
Chattanooga and st. Louis. the, kanawta
and Michigan and the New York. Chicago
and st. Louis stocks. The Hooking valley
stocks and Louisville and Nashville
moved upwards with almost equal Vlo-
]ence. but with no specific Development
10 explain the movement. The rise IN
Illinois Central had in its favor exceten.
reports of gross earnings Tor July ana Net
earnings for June.
There We're large dealings in various
Southern and Southwestern stocks; Dut
uar Missouri Pacific was under cohs.d-
cradle pressure. declining at one uine
IA while Texas and Pacific. on .he otnsi
hand. continued to advance me .ialg.
buying of Southern Railway was without
much effect on the price me WEAKNESS
of Manhattan was attributed TO Tears OF
q strike by engineers and motormen, 4 ne
rise in Pennsylvania and Its SUBSIDIARY
coal carriers was apparently IN sympathy
with the Hooking Valley movement Ma
tional Lead was reported in demand 1ol
some large financial interests. There was
not much in the general situation upon
which to base a rise in prices. since the
news showed little charge In conditions,
which continued favorable TO values.
The sub-Treasury is absorbing con-.
siderable sum from the money market
but the premium on New York exchange
at Chicago indicates that the tide OF
currency is still flowing this way. For
csgn exchange is firm. but the very strong
return made to-day by the Bank OF
France reflects the accumulation of re-
sources at that capital ard the unhkeh-
hood Of further pressure. from there fol
gold or for repayment OF loans London
dences of the improved condition of the
King of England and bought some stocks.
The huoyancy Of a few stocks continued
10 the close which was active and
STEADY.
Central Of Georgia bonds We're the only
feature of the bond market which was
otherwise dull and irregular, Total sales.
par value s21i5.o0o United States SIS de-
clined Y per cent. on call;
The total sales Of stocks for the day
We're 64S.l00 shares.
MONEY AND EXC1IANGE-Money on
fall closed steady at 2@aG3 per cent: last
loan 2. er cent Crime mercantile ,e15 tile
s'~onr at s4S7TsMt.sS for demand and at
.aS5Ssd4 .S51S for sixty DAYS: nosted rates.
ssSG and sisslE: commercial bills. SiSaaG
~ Government bonds easy: State
bonds inactive: railroad bonds irregular.