The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-05

y Il i 4 d i
Il M York; August 4.--The specula-
ktttude towards the stock market
one OF watching and waiting.
III shown in the hating and ir-
,;:9Rf movement OF prices to-day and
4 ktreriia dullness of the trading.
large. view. the doubts were
~ tho long decline in prices has
deterioration In business as 1t
incurred and as 1t is fSfeseen. On
swer to that question would de
a4aEliether the stock market would
Hand an additional falling off in
ISIS activity by maintaining prices.
the more Immediate view. the
IONS to be solved have to do with
viions peculiar to the stock market
C. The belief that bankers had
Ecalled upon again to relieve some
extended accounts OF large CAPT.
S, and that some OF the liquida-
Yesterday and early to-day was
1at connection. had disturbing ef-
on sentiment. The relief thus af-
ID removes tho threatening inilu-
so far, but does not remove the
.ehension that further work OF
same kind Is to be done. The avoid
of forced liquidation at a sacrifice
,uchs cases leaves the possibility,
OF. recurrent liquidation OF ae-
,tssthus protected as favorable OPP
Unity offers in the market While
snarket might be protected, from
drbance In that way, 1t is not
,esss calculated to add strength to
tone. Suppositions touching such
Ute of affairs were current in stock
'set.circles to-day. and weighed on
sentiment felt towards the pros
,e bear party, on the other hand,
igattempting to depress prices by
IS and sales at concessions on short
cunt. encountered evidence OF a
,ng power that made them cautious.
supply OF stocks also showed
'ehcy to decrease when bids were
eSto secure them to cover shorts.
Joint effect was the narrow. hest
III -ri1f otSprtces. ,,.-,.-e
Jag o.s-.s Of the crops holds the
she ce onar Of speculative attention ,
gest sna OF the harvest for wheat
e AM oceeds Northward seems to
Mt the earlier statements. or to
sead them both as to yield or as to
ali,S. The evidence Of Improvement
conditions affecting the corn crop
es not preclude anxiety over the
tical period still to be met by that
70. The cotton market to-day was
sen, also. to indicate more hopeful
aspect. the predictions of rain in
itf,western portion iof the belt max
an element in that feeling. The
lori denial by the president of the
tied States. Steel Corporation that
fees OF steel products were being cut
not set at rest entirely the be-
chat the market in that Industry
ending lower. The special weak
IN the copper industrials revived
Al over the success OF the eftorts
eng about effective reduction OF
he field of politics. the action VI
conventions in the Western
as was advanced by some opera.
E inns ground for selling stocks IN
ceew that movements to alter the
land renewed agitation of anti
sHation sentiment would detrac'
i5the demand for corporation Sc
lies.
( "a e s1aVOIdUlS SlSWS u tHS ~ W ~
;and several good reports OF car
ings by railroads were factors /,
G ing the downward movement ol
is upwards, The net change.
I'D trivial. The heavy congestion
e scanty dealings in United State:
sUnion Pacific and Reading was
ssof the highly professional tiae
vsof the market
rds we're irregular. Total sales
value. sl,47s.ooox.-lM ited State:
were unchanged on call. Tota
tsfo-as asy,-so6,ooo shares.
w york. Anguish Mooney on cal
1-2@lS-4 per cent; ruling rate
4: closing bid. la; offered al
!. Time loans firm and dull; sixty
s@31-4 per cent: ninety days
"a; six months, 47-s@5. Prime
tantile paper. 5 1-2 to per cent
ting exchange firm, with actual
ness in bankers bills Al
/ i25@$4.s3335 for sixty-day bills
Sat s4.s54o for. demand. Com
sial bills. S4.s2sl-2@$4.ss. Ba'
/ IaI1 10