The times. [volume] (Richmond, Va.) 1890-1903, 1902-07-25
SELLING KIoll|NEN1
WAS PREc|PIT
Stock Prices Broke Sharply in
Late Dealings.
WERE NOTABLE EXCEPTIONS
o,e or Two Stocks Were Advanced
Violently, While General Net Losses
Were from One TO Two Points,
Movement Technical.
WERE NOTABLE EXCEPTIONS
nv Associated Press.)

WV YORK July 24.-The violent al
fa,v stocks on the stock market
to-day took on an appearance OF frothy
errervescence in the later stages OF the
dealings which is rather characteristic Oh
mo illumination of bull movement. SUs-
picions were aroused as to the course Oh
The wealthy spectators who nave heen
leading the market. The dribble OF spec
ula,tve liquidation, which had been
feature of the market all day, turned my M,
a general and somewhat precipltats go go
ing movement. and prices pioHS 80 or
throughout the list. with inc TarTa5 as
OF a few stocks which were SeIect 30, ..
sustaining points Of the lnaThet, - Tor
generally closed lower. the iet i9 scT7Ia
the day running from 1q- polilt1SS, - ~ y,ss
of the more prominent stocha' i;,,oyy adj
no news to explain the eXtfaoi ti!shI .,1f,,y
vance Of one or two stocks iiol ..e seor,,a9
of the general list The InoEe!he.t' ~ .Ie
to be purely technical ana uI Of stocks TO
sire of recent large buyers % 80 re
realize their profits. Such inoNeLis55 :. .r -
nm incident OF ali rising tnaFseta 60 faii5is,
is no means OF telling "Lt t..,ia-iI-e move
hacl, of prices is a mail!puIdttN. s -,
mant S,,e to a desire on the part OF S me
leaders TO shake off We2h ana ", ;,
following, or L,o,,i5 he rerceyeQ
from public information, cohdittpis 70
day bearing upon values were e!lItt g! t-.s
same as those Of YESTERDAY. NC i.s" s
earnfngs reported showed Increase over
last YEAR: advices from the iron ana steer
trade showed no impairment OF me &C
five demand, and money continued eaSE-
There were numerous points OF eItectl/e
strength in various stocks. NeTertheiess,
q feeling of distrust oVercame thS u a
ket, with the result above oeScrlpea. ne
early strength in the market III Inc
Grangers and Pacific became centTailZcd
in ST. Paul and Rock Island The latlef
was rushed up 10 points 10 a record liNSs'ts re
at 200 accompanied by vague fuinois OF
closer relations with Mexican central,
which would afford an entrance 10 the
CITY of Mexico FThere were also uAcon-
firrned assertions of further large abEoTp-
tons in the Interest Of the company ana
Incidental variable rights 10 STOCK lolQetS.
None of these received any fotinai sane
ton from official sources. me movement
IN ST Pau, was equally mysterious. There
were shadowy reports OF arrangements
to benefit ST. Paul by r52GJustIneat OF re
tetions among Western railroads Nothlng
could be learned from any authoritative
source of any pending developments. but
the prices was kept upwards on flood
OF buying orders. Something was heard
also Of a project Of southern secu1ueS
holding company. which vas held 20 eX-
plain the trength of louisville and Nash
Vile Only slight recover.es were. scol cd
from the late downward progress OF prices,
and the closing was easy.
The convertible bonds issues gave way
in sympathy with stocks and the market
be>ame easy. Total sales. par value,
& AS 900 United States new As. regis
to ed and the old As coupon declined 4
tn, do, registered u per cent. on the last
he total sales of stocks for the day
We're 939.400 shares.
MONEY AND ENCHANGE-Money on
call closed steady at 293 per cent: closed
offered at 21S per cent: prime mercantile
DaDer lJ3MJ per cent. Sterling exchange