The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-25
IDI|I[.M||ILNOI[|GHTENS:
NO&.P|R||.C|'[||:S':I. DROP D
$Outpouring Of Stocks to Realize Fall ;'''
Also Helped to Send
NJ i List Down. 4
SLIGHT Re: y LATER
SRumor 81 Big Note ''t,:5 Issue by BY
American T Telephone Company.
ls Bonds Heavy. 5ss
SLIGHT RECOVERY II I J } E. 3 "a Y
LATER.
- ~ Z -
nv 4 ssoc,a ted Press

+ N NEW YORK, July 24.--The operating.
forces In the stock market which y h ''itl
embarked III ID movement for al, nd vance 'i't
4 N prices OF stocks apparently recon.
sllerod their Immediate plans to-day anu
desisted rather abruptly from thclrE q 2
tlvities It did not appear iinmed y; Y.
that tho tone OF tho ma rket had Y DER r.
\ rome mn alteration, although the OPEN
3ing dealings showed the same response 20
the foreign Disturbances as yesterday ,fsi1
Then followed Il vigorous rccov ery IN 70.
4 sponse to supporting orders, 2 HI ~ 3,
NJ 1t was then that an outpourlng OF STOCKS n,
n to realize gave the signal that nctlve nc
cumulation and support were no LONGER On 2,
to be III order. rho temporary u " ar.
sburt waa uttritaitod to tho Initiative OF
traders, VINO aimed 10 follow tho leader
ship pointed out BY yesterday 8 act ton o.
& the market. The days principal nc tiylty
waB exhausted BY tho end OF the first
! hour and there wis q marked sllrinkage
afterwards nnd d growing apathy IN spec
b ulntiye &intcreBtg.8 The assistance to nc
\ realized for tho New York market from
n tranquil conditions abroad was given given
more force In tho day spcculatlv e con-
alteration. The abrupt change ~rtoug ~
In the foreign exchange markets ny tn no,
Il Russian devclop mef,ts and tho total CUT
Ting OIL oil 81 -. 49,
large Incoming gold arrivals IN London,
Il was pointed to as d striking example Of
K tho indirect effects here 10 DO npprehend-
4 cd from, disturbnnceso foreign markets..
The announcement OF the extent 10
q which government funds are being de-
d posted In &bnnkD In connection with the
Panama Canal bond Issue, tho amount
reaching Sa5, coz. 900 was a reassurfng factor
y on tho money situation. Reports q g 9;
I &5, 0oo, 900 note Issue BY the American Tele-:
phone Company in anticipation OF SUI
4 scrlptionH 10 It's bond issue was regarded
Il MS evidence OF tho con tlnued heavy re- re-
q,ilrements OF corporation for u new
y capital .$5 Interest wnB shown IN the re-
HI ported sale OF 10 stock exchnn &c seat$nt
4 SIS, CO., as against Tho previous sale at
4 price or ISL 200, and d high record price
aboyo 500. 900. #tl58 5sf
The drop OF prices was duo as much 70
withdrawal OF domand as to- any selling
pressure, and there was some recovery
from the bottom prices. but the closing
Il was heavy. WI s!3S8
i$a The New York money market was uh-
4 changed to-day and chill loans. remained
very easy. In apite OF probable prepare.
tions for to- nlorrow's sale OF 3l2. go, 000 fof
& Now York city bonde. 5i4
Bonds were heavy. Total sales par
value 81. $50. 0to W. s.. 3s and new IS q d
5vanced 81 per cont. on call. Total sales
Of stocks. e12. 100 shares.
(r,y Associated Press. J
NEW YCGe K;f July n ~. Money on call
4 easy, 2&2l-2 pcr cent; ruling rate 2 ~,
D closing bid, 2; offered at 2 t.4.s Time loans
dull and easy for short loans Sixty
I days. per cent. 81 ninety days: l-4;S SIX
months, 6 3D. Prime mercantile paper.
oE;s
Sterling exchange strong: closing at
& 81. ss2oftS4 ,s525 for demand. and at
4 81. s2soGl slsa25 for sixty dry bills. Posted
I'd ties, s4.B2 1-2i+s3 and $4ss 1-2Q74.s Com
I, morcal bills. 4s2. Bar silver, "a rs. Mex
lean dollars. 80 1-2. y535 "a