The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-08-08
TRADEGO0D,BIO|.|.1||''..
PRICES WEAKER !. !. ( {. !
Shifting Process Adopted 5toS
Tighten Burden cf Large
Accommodations.
CLOSING TONE WAS !! s HEAVY L " I
Supply Of Stocks Kept Closely
Commensurate enand.
The Money Market. II
sAasoolnled 1,rnss, /

BY IrcSS.
8of transactions Hi to-dny's stock market
was rather better sustained than yes
terday, after, tic normal activity! Of the
5opEning dShl lrgs,S$ Outstanding the
continued oppression OF tho hot y
But prices did not fare 20 vel. II fwa ~
evident Misunderstanding process was going
on, ouch as Is usual In the market lead err
ship OF campaign under skilled gen g. .
ernlslip TO facilitate d gestiorl Of profits
and to Tighten the burden OF the large
ACCOMMODATIONS necessary to. force the up
ward movement OF prices. y est ordayss
strong market had the effect fof bringing
In son1e additional outside demand 10 YER
night, and 1t was the execution OF orders
Gof this character which made the &C
tivlty OF tho first hour. Tho narrow
range OF fluctuations on Y hich ths large
Svolumo OF business was transact ca 4di =
closed the fact that the supply OF stoc = KS
,vns kept closely commensurate with the
demand. The professional Tending of.
4 thls action In the market was that stocks
were being distributed to take profits
BY the recent speculative buyers. After,
this stage Of the dealings had passed tho
state OF nctivlty1swlth sharp nd yances,
which hns recently sgnn1ized the Harrl-
man Pacifics, developed In other qua r.
tcrs OF the market. 'ennsylv ania was
the aggressive leader Of the new Y ward
X movement IA break In Consolidated Gas
helped to unsettle the tono OF the market
This was based upon the adjournment OF
the executive committed with q q formal
announcement that the quarterly dlYt-A
Edend the declaration Of which Is now
duo, was not considered.
The early buoyancy of the II stocks
+ was based on repeated runors 5Sof the
commandments the ore deal The large
increases in gross earnings for July
rhewns by the iyanderbiltBc ompa Mes be &. n
lfited New York Central. S The tcheerlul
resumption OF financial markets In Lon
aor1, al ter n three days Holiday, n elpedi
the early tone here. Rates for lnohey
we're maintained, except that time loans
lor some OF tho longer $da teH M aturtng5
Beyond tile first OF next year were some-
4 what easier. Five and ~ SIX 81 months
+ money U however. was firm. and tx per-.
! cent. was said to be obtainable Tor Jam
nary money Last prices Of he day
showed mixed changes. and $.thG trans,
+ continental railroads and some \ OF n inc
leading industrial special ties were on the
side OF tho declines. The closing tone On
was heavy. Bonds were nea ", =, l ga
+ sales, par value, 81, 90, 600. United States
& bonds were all 4unchnnge ed on call
Total sales OF stocks, 757, s0s share .s.8lsS
\ Ii NEW YORK, August I'M oneyS on call
\ easy 2,.G2A per cent; ruling rate, 2ils !:
closing bid. 2A; offered at ~. Time
loans firm; sixty days, II xG4 per cent;
ninety days, 1tssf74N; six months, 3 per
cent. Prime mercantile paper, 81 "a ~ per
cent Sterling exchange y firm. Mt sA.s51
d FOR demand, and at $4s255 for sixty day
bills, Posted rates, s4.ss and fi.s6. IA COM
merctal4 bills. t4.sl 7-s9s 50 Bar silver
Z IS is. Mexican dollars. 50 n.