The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-12
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Professional Element Attempts
" w 1nauguratc Upward II Price Price
Movement. III NJ
'oR EAT NORTHERN / /. REVIVAL r.
Confidence! = 4 IF, \, Peri,'a-
Il ginency 81 Easy Condit tom
Of Money Market. With
INV ASS ocIatcd press0

NEW Y OIl1S u ly II. Tho torpor o.
Stks stock market was unreliev B to- "a y,5
gtns spite OF the small Increase In the vo ~
%Uino 81 the days deal lngs! due 4 to thc !.
%6eliit1g or the final hour. The rofesslonal
@Skh,1er,t attempted 10 inaugurate al, 1r'.s,
#Nard movement of prices The various
%rtii11ors which were advanced TO help on
athS inward smoJament showed no novelty
EjrY conception, having served their pulr
Sposd mnny#tlmen already. The revival 4 q
#iiiaN subject OF the Great N Northern II ore
lands doal was5 affected BY cablcd 4 u-
NOR from London quoting IN ANONYMOUS
director OF the United States steel. Coz,
poration az positively INSERTING that INC INC
project hns been completed \. The vola tie
ShIils Istocks we're the only !ones to shnyy.
much effect. 81 Paul moved ind .-.h 10
Influence OF separate reports IN com &C.
tTtions 18th the supposed plans Tor financing
sthe " comp0 nys Pact fic coast rex ten M
The roads showing Ola decrease OF nsH
earnings for May did not hold II back
Eas the FREQ outlay IN operating expenses
which brought u about ~ was be- 's-
glieYed to be connected with I'M M
mediate out1ays on the IL OK tension,
Which might thus defer the necessity OF
offering securities In the present ui1-
S,ropitious condition Tho condition {
Heading about completes the list. Of
Il stockssto show any effect from the abor-
tive ort to lift prices. The advances e.,
SSwere indiffcrsntly held for a time san q
then gave, way with a reversal II q tne
market position OF the prof ional5 ei !f'
#mei1tSyhen they saw the futil ~ OF Inc ne
attempt TO lift prices. The. sler con1ad1ll-S
#tionsss IN the money market normal to ear.
Ell vsSS part Il OF July we're maintained. put
@ros confidences Ya s felt in their perm
SSReakness OF the market a for copper u
&L0ndon. he ped to de p rcss the copper Pr
S1aro,rp III tho stock 1narkc t. The break ~
Colorado Fuel was intarprete cd AS Il POOL
8llouidation and helped to he reve rsai
Sofs the earlier movement In the general gene
#list. The final hours ions Spr ved
the largest OF the day, and 4 the closins
Mvva n weak at substantial net tdeclin es. $5
s Bonds were heavy, total sales pa r val ec.
H31.Sob.0oo. United States bonds were u m
@;rotal sales stocks, sol. 900 shares re-
NEW YORK. July II. M onstys or, g ca
#steady. highest 3 per cent; lowest Z ~ -,
sF1iiinx rate 2 3-4; last loan 2 ! 9; closing
Mid .: Sof Gcred at22 81 a
NH Time loans dull and steady: 90 sdass
S4s1-a 20 days Is ~ IS six months ~ l q ~,
sS3s-l. Prime mercantile paper 300 - pe:
cent. Sterling exchange easy with Z. slisnt
sfecoyery. with actual business ~ ban kerr.
SbtllsSat 81. s4G0Gs4s4s5 for demand ana az
S4s1Mas4sls5 for sixty day bills.8 F 'os
srafes "A .s251-2 and s4,s5 1-2t II Comrncreial
Sbfils ". 81 5-sd.ASl 81. Bar 81 yer Y g.
g1Icr n dollars TO 4. Gsovernme nt# bohds
steady. Railroad bonds liea III