The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-07-19
New York
Stock Market

New York, July ls-A sudden dwak-
ening from the extreme dullness OF
the stock market during the past
week occurred in the last hour NJ
trading to-day. Prices advanced buoy
antly under the lead of Union Pacific.
and the local traction stocks. follow
Ing the announcement that settlement
OF the subway controversy appeared
10 be in sight with the expectation
mat the lnterborouGh metropolitan
would obtain share of the awards.
While the traction stocks seldom
achieve prominence as market leaders.
the rapid advance in these issues eN-
erted g marked sympathetic effect
upon the general list. The favorable
character of the government week.
y weather report had previously
strengthened the market, rendering
buying OF the last hour began.
In contrast TO the recent inactivity.
me market was excited Union Pa
ciiic was the centre OF the bull DEM
ohStraton, advancing nearly points
peterborough Metropolitan preferred
Improved nearly I points, the common
"a, and Manhattan Elevated ; Gains
81 TO 8 points were quite general
through the remainder of the list. rail-
road and industrial shares alike par
uelpatins IN the forward movement.
During the earlier part Of the day
the market was firm at "A level some
what above yesterdays close The
weather View showed the extent to
which favorable conditions for crops
cited dealings which accompanied tho
stump in the cotton market AMI lower
quotations for grain were followed by
& moderate advance in stocks. The
iertiiizer shares. which are expected
TO receive especial benefits from II
large cotton crop. developed married.
strength. Canadian Pacific continued
ats record breaking rise advancing
points to 2i5 "a. settlement IF The
New York subway problem is expect
cd TO be of benefit to the market. by
removing = tot, "a,
standing
Reading was not at all affected by
announcement that the Federal gov
which aims to separate the compnny's
transportation department from its
coal business. The stock was firm
through the day, and shared in the
United States Steel ard Amalga-
mated copper advanced more vigorous
y tnan either OF these stocks has done
remains dull, with further price con
oessions reported Another reduction
OF domestic. stock is expected this
States Steel Corporation continues 70
increase its mill operations, and ship
n.ehts at present are said TO be run
n rinds larger than at any other time
1t was currently reported that heav-
mess In New York City ! l-2 per cent
bonds resulted from enforced liquiia
-. ny, fH' VI :; SPECTATOR NnO
mad subscribed for a large amount of
these bonds. and had experienced some
olihculty in meeting his obligations
y ne general bond market was stendv.
otal sales, par value. s3,9ls, goo Uni.cd
States bonds were unchanged on call
Total sales of stocks for the Az.
were 2i9, 500 shares
New York, July lS.-AIoney on call
STEADY, "a 1-o per cent: ruling rate,
2 3-s: closing bid Q; offered at , IL
lime loans steady; sixty days. > 1-2
per cent, and ninety DAYS. 2 S-4G3 per
81, SIN months, $50 3-i per cont. !
frime mercantile paper. 4G4 1-2 per
cent Sterling exchange steady, with
actual business In bankers bills at
stsssS9 Tor iNty-day bills, and nj
S4's625 for demand Commercial bills
S4;Si, Bar silver. 50 rs. Mexican