The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-25
New Y Y ! o } I
Stock Market

* New York. August 24.--Wfth trading
An very limited volume to-day's stock
market was at times subjected to con-
siderable pressure. and the outcome
left prices of some of the most ac-
tive Issues from one to two points
lower. Much OF the pressure seemed 20
emanate from the short interest wnlcn
sold heavily at the outcome and f o.
stocks to u level where further5 lluul-
dalton was Imminent
Events dealing with the securities
market covered q wide range anu EN- .
8braced further proof of dullness IN
industrial lines, as we'll as ar; extreme ,n,n,!
Although 1t Ia the avowed purpose, 50
of the administration 10 effect TINS
revision with n modtcum OF dlsturp-
ance to the business interests OF we
ly 10 the program and manifested us
dspleasure by selling stocks, hrst IN
London and then here, The open quar- :
rel between the so-called Regulars ana ~, :.
in this state helped to unsettle condl-
lions, inasmuch as It now seems aimost
certain that the fight will partiake OF
much personal bitterness on both sldes
and may be carried into otner parts parts "
the country.
The most encouraging news OF the
day was that the strike OF the Workers
employed by the American sheet ana
Tin Plate Company had come to J, /, an u,
end. This, however. was neu.ra lie,
by persistent rumors of further bust
ness stagnation. particularly in the
steel and iron trade. together with
circumstantial evidence that one o.
the largest OF the independent compi.-
MES III that line had ordered further
5curtailment OF orcraticns. An official
estimate of the wheat and oats crops
in Western Canada fixed the complhe9
yield at about 100.o00,o0o bushels, and
MS e fo11nSyod Sharf1 decline IN "a.
madam Pacific shares.
London sent in a lower range OF
quotations for our securities and the
early session here responded with fur
sales for European account. Foreign
exchange advanced here again and
gave color to the belief that gold ship
ments to South America will soon be
Advices from Montana and Idaho
dealing with the forest fires in those
States told Of further loss Of lives
and destruction of property which is
sure to aggregate many millions OF
dollars. One Of the subsidiary plants
OF the Amalgamated Copper COMPANY
is located within the danger zone, and
fears were expressed that this proper
ty was in danger of complete oplltera-
ton.
A semi official statement purportinE
to give the extent of the copper cur
tailment plan declares that output by
the leading producers mere ana ABROAD
for the current month will show q
reduction of almost 2O,000,oo0 pounds,
and that this diminution is TO continue
Indefinitely
The Lehigh Valley road reported for
July large increase in operating eX-
.penses, with q decrease of $4,000 IN
net returns
The bond market was easy and with
out special featur- Total sales, par
Total sales Of stocks for the day
We're $4,000 shares.
New York. August o4.-Money on call
easy: highest, i La per cent; lowest,
i Ia per cent: ruling rate. SIS: last
loan. Ia; closing bid, 3-S: offered.
1-2. Time loans stronger: sixty
days, sR3 IL: ninety days, 3-4: six
months. 81. Prime mercantile paper.
5 1-266 per cent Sterling exchange
steady. with actual business in bank
ers' bills at s4.s3so @s4s395 for sixty
day bills and at si.S675 for demand.
Commercial bills, S4S3 1-S@s4.s3 6-S.
Bar silver SO rs. Mexican dollars, IA.