The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-17
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Stock Market

New York. August 1s.--The stock
market to-day manifested very de-
efded disposition TO awaken It's
lethargy OF the previous day by max
Trading was more active and embraced
many specialties. such as Colorado
Fuel and Iron, Colorado Southern,
American Beet Sugar. National Biscuit.
ternational Harvester. The movement
in these stocks was almost wholly
lnanipulative and presumably for ac-
count of various pools
sues, including Reading. Union Pacific,
Southern Pacific, Achison. United
States Steel, st. Paul Analgamated
Copper and American Smelling part
Forthcoming segregation Of Reading
assets were once more revived and re-
ceived some credence by reason Of the
strength OF Lehigh Valley in the Phila-
de1phia market.
Canadian Pacific was active and
strong in connection with reports that
the company had increased its sphere
of activity by the purchase of the
Allan Line OF steamships.
The days adverse news features IN
scluded the regular trade report for
July. which showed another excess of
IMPORTS over exports. q reduction IN
the dividend on the preferred stocks OF
the United States Cast Iron Pipe Com
papy. the fling of petition in banss-
ruptcy against one of the smaller
Southern iron companies. and the
threatened local bricklayers. lockout.
over 10000 men. On tile
other hand. market Improvement was
reported in the general textile situa-,
ton, and much of the days news re-
spscdng crops was at least favorable
on the Stock Exchange sentiment
was more cheerful, traders taking the
ground that the immediate outlook
seems conducive to better market.
The opinion. however. was almost
onndsd nsEa.Ee ths hef bs sba
many contingencies have already been
discounted by thefpresent price levels
and that stocks are no longer being
pressed for sale. There n appears to
grade OF bonds, and that the market
offers more encouragement than for a
long time past.
Local financial institutions continue
strong in cash. but are disinclined to.
make disbursements save for legiti:
mate purposes. Their attitude is based
on the fact that great many Vest
5erE and Southern banks still have
heavy loan expansions on real estate
In the late session the market be-
came more brisk and generally
higher level of price was recorded. This
advance was almost fully maintained
to the close. which was active and
London. where the tone of the
market was more cheerful with the
further recovery in consols,s was again
u seller here at the outset, but bought
moderately in the late session.
The bond market was steady
throughout. with governments un-
changed. Total sales. par value, ST.
227.00o. Total sales for the day, 53s.-
200 shares stocks.
New York, August 1s-N1oney on
call easy, 1-4p1 ga per cent: ruling
rate. l 1-2 per cent; closing bid. Ia;
offered, i la per cent. Time loans dull
sixty days, per cent; ninety days
31-2@t33-4 per cent; six months
4 3-4@5 per cent. Prime mercantile
paper. 1-2 to per cent. Sterling
exchange firm, with actual business
in bankers bills, at S4.S370@$4.S3S0 fo1
sixty-day bills, and at S4.S595 for de-
mand. Commercial bills, Si.S31-S@
s4.sS SIS. Bar silver, SAILS. Mexican
dollars "A