The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-19
Ne w Y OIrk
Stock Market

New york, August 1s.--For the first
Time this week to-day's stock market
sy1Aced reactionary tendency, with
a Eoaerally lower level OF prices. III
no instance were the declines serious,
nor was there any evidence OF en-
forced liquidation, but rather OF real
king for profits with some attendant
bear selling. The days budget OF
ncws was not especially illuminating.
although the general belief is that this
political clouds are looming large over
the financial horizon and the event.
OF the next few days are bound to
leave their impress on the securities
markets. Wall Street at the moment
Is devoting especial attention to the
conflict within the ranks Of the Re-
publican party.
Following London's lead. where. de-
spite the good showing of the Bank
OF England, prices for Americans were
generally lower, the general market
opened with recessions of point or
more in many of the active Issues,
and soon went lower on unfounded ru-
mors dealing with the alleged serious
illness OF the best known member OF
Standard OIL party. Partial recovery
was made from thesa Eetbacks, but
the list displayed more or less hcsi-
tation for the balance cE the day, and
closed at or near the lowest prices
Advices from Middle West banking
sources were mostly to THE effect that
last months liquidation had clarified
the financial atmosphere IN that sec
ton. The tone of these dispatches
confirmed reports gathered in local Il.
nancial circles, all Of which indicate
a process In monetary reimbursement In
anticipation of the annual crop move
ment. III
Further light was thrown on the
country's foreign trade situation by
tho publication OF an official state
ment from Washington concerning
imports and customs receipts for the
first year under the new ta'rin 1t
puts total imports during the twelve
months ending July 81 last at S1,562,
621,1s1, of which slightly loss THAI 50
per cent entered free OF duty.
Importations during the year were
larger than in any corresponding PEI
riod In the history of the import
trade and the volume Of those enter
ing free OF duty the largest ever
shown In any corresponding period.
Customs receipts for the year were
S33T,S73,672, a larger total than in
any other year except 1907, when the
total was about $s,0oo,o0o larger.
tLOnQOus was SdAA y sSiASA ~ aN''io
market to the extent Of about $4,000
shares. The Bank Of England in
creased It's proportion of reserves te
liabilities to q point we'll above tina
of last week. and Its total reserves
also were larger. The Bank of Franc
reported a triding loss in gold ana
largo gain in treasury deposits.
Among the annual railroad return
issued were those OF the Louisvill
and Nashville and Illinois Centre
roads. The former reported e. sub
stantial gain in net revenue IN tn
face of an enormous increase in cpGr
ating expenses. but Illinois Contra
returned deficit Of 3693oo0 in ne
revenues, being apparently unable I
overcome an increase of S4.900.000
cost Of operations.
Bonds reflected the tone of the stoc
market by their irresularity. Tot
sales, par value, Sl,s1o,0oo. Tot;
sales of stocks for The day, 53s,1(
shares.
New York, August ls.-Money 9
call easy. 1-2@1 IA per cent; ruin
rate, 1 10; closing bid. 2 Id: offere
1-2. Time loans dull and easy; 81,
tys days, per cent; ninety days. 3 l.
per cent: six months, 4 1-2@4 3-a.
Prime mercantile paper. 5 1-2@G pe
cent. Sterling exchange firm, with &c
tual business in bankers bills {
s4.S3s5@s4.S4O5 for sixty-day bills. an
at s4.S625 for demand. Commerce.
bills s4.ss 1-4@S4.sS "a. Bar silve
"a Mexican dollars, "A.