The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-27
New Y ork
Stock Market

New York, August 2e.---on the
smallest oyerturn of business this week
to- days stock market made general
recovery from tho declines of yestcr-
day, when rumors OF frost in tho
Northwcss prccipitated a general SELL
Ing movement. These rtimots were dis
PEELED to-day, and the decline in corr
options resulted In strong recovery
by those stocks which were weakest
yesterday. The character of to days
trading. however. together with its
more than ordinary narrow range,
render serious discussion unnecessary.
Business during the noon hour amount
ed to about $4,000 shares. The ini1u-
policy of inactivity. and manipulation
for the rise in certain stocks was so
obvious as to work it's own defeat.
Political factors, while no more pro-
nounced than in tho carly week. tend
ed towards further unscttlement The
enthusiasm of the crowds which are
greeting colonel Roosevelt on his
Western tour and the ess-r-esident's
speeches, which reiterate AN we'll
known views regarding corporations,
provoked serious discussion in many
conservative quarters.
Although yesterdays crop news was
largely in the nature of scare" the
fact remains that the Eastern crop is
somewhat retarded by lower tempera-
lures, and that the outcome will not
ne definitely ascertainable until well
Into the coming month.
Americans rallied in the ,ondon mar.
ket, and there was later buying here.
but general markets abroad were
quiet The change in the technical
monetary situation abroad was again
which We're influenced by the cont.
mental demand for gold. Foreign ex-
change here ruled easier the demand
for remittance by. to-morrow's steam
ers being below the supply.
Grain markets We're lower in keep
ing with corn and cotton, in which
there was an early break in August
options. but rallied partially. Textile
conditions received check in advices
from New Hampshire and North Caro-.
lima, which reported further restric-
ton OF operations, the proposed shut
down in the New England section in
voiving $4,000 hands.
Indications point to q small cash
gain by the banks in their operations
with the Subtreasury for the week, hut
inasmuch as many direct shipments Of
currency have been made to interior
points and Canada, the supposed gain
Bank clearings in the aggregate all
over the country show continued
shr.nka ge. the loss for the week being
over 90 per cent, compared with last
wear. The reduced volume of clearingsl
is again chiefly due to the married
falling off in this city. while Chlcago,
Pittsburg. Cleveland, Baltimore, Kan
sas City and San Francisco all report
increases.
The bond market ruled steady
throughout, with no marked increase
of operations. Total sales, par value,
aggregated STs3,ooo.
Total shares stocks for the day.
10000.
New York, August 26.--Money on call
easy 4m1 IL per cent. lowest
bid j IL; ruling rate. l 3-s: last loan,
per cent Time loans quiet and steady.
sixty days 3m3 IL per cent, ano
ninety days, 8 s-4@4 per cent SIN
months A 5-S@4 ga per cent. Close:
prime mercantile paper, 1-2G6 per
cent It,. Sterling exchange weaker, with
actual business in bankers BINS a,
s4.S36o6D s4.S3S5 for sixty-day bilis, ana
at s4,S665 for demand. Commercial
bius. s4.SSGs4.S3 SIS. Bar silver. % rs,
Mexican dollars, A,