The times. [volume] (Richmond, Va.) 1890-1903, 1902-08-06
MONOTONOUS DAY
IN STOCK MARKET.
Gut Few Diverting Movements
Reported Yesterday.
VANDERBILT STOCKS co UP
Money in Active Demand in London.
Foreign Holders Sell Some Stocks
in New York-Firn Tone in
the Bond Market.
fBr Associated Press

NEW York. Aug. 5-There were only
few diversions in to-day's stock market
10 relieve what was otherwise dead level
Of duIlness and monotony. Dealings dur
Ing the first hour were somewhat more
active than yesterday, and the moderate
upward movement became quite general
Only q few stocks moved more Than a
point and the interest promptly died
away. Inc execution OF orders in a few
high-grads investment stocks of which
the small floating supply is closely held,
caused some striking advances. The rise
IN the Nanderbilts led by New York Cen
trai, was apparently based on an expec-
tation mat to-dayS meeting Of directors
81 the Manhattan Elevated Railroad would
tead 10 some action in regard to the
EGmored plan to lease Manhattan Inc
adjournment without any announcement
led to reaction in the stocks thus affected.
american Express and United states EX.
press rose easily on the accumulation of
some small amounts of stock missouri
Pacific resisted some pronounced selling
pressure and moved irregularly all day
The refusal of a Montana court TO Vacate
Rn injunction granted to the Amaiga-
mated Copper Company agafnst the work
Ing of a. contested mine by a rival gave
hrm tone to Analgamated Copper, but
the dealings IN the stock were small. The
rumors of combination between St.
Louis and San Francisco and Central OF
Georgia Railway was responsible for the
advance in the former and for the buy
Ing of the income bonds OF the latter.
peniafs of the report from well-inforned
quarters took the animation out of the
movement.
Money was in active demand in London
presumably in preparation for the 20 per
cent installInent of subscriptions to the
$3.50, 900 cousol issue, which is payable
on Thursday. Sterling at Paris advanced
q oentinle further to-day. London sold
some stocks here to-day. This selling is
supposed to represent the retransfer to
New York of securities sent to London
In June to be sold there for American
owners who We're taking advantage OF
cheaper interest rates. The liquidation
of an account in Metropolitan securities
the reduction Of the dividend rate on
Standard Oil. a report that the dissolu-
ton of the Reading voting trust would be
deferred by not declaring the full divi-
rate cutting on packins-house products
from Kansas City. were minor factors
In the dullness and heaviness which over
came the market.
There was a firm tone in the bond
market. but no feature. Total sales par
value, 81. 375,00o. United States bonds were
unchanged on call.
The total sales of stocks for the day
We're 2a9, 500 shares.
The Governing Committee of the Stock
Exchange to-day decided to close the eN-
change next Saturday in honor of the
coronation of King Edward.
MONEY AND ENCHANGE-Mon on
call closed steady at 21GGl3 per cent: last
loan 2s4 per cent: prime mercantile paper.
flaG5 per cent. Sterling exchange firm at
t4.S77s for demand and al 81. S52s for sixty
mercial bills. s4.s4a4%4.s5a4. Bar silver,
s25s; MEXICAN dollars. 4114. Government
bonds steady; State bonds Inactive; rail
road firm.