The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-07-08
New York
Stock Market

Now York. July with the excep-
zion OF a few stocks, most OF them i'm
nctive issues. the market barely stirred
through to-day's session The three
favorite mediums OF specula alton
Union Pacific. Reading and United
States Steel--all moved within range
of less than point. After some ir-
regularity in the early trading the
market became dull, and remained in
comatose condition TO the end. clos
ing with only insignificant changes.
The reluctance OF traders 10 conduct
aggressive operations on either side
OF the market was due in. no small
measure 10 the imminence OF events
which may have a decided influence
crop report, the monthly statement of
untitled tonnage OF the United states
Steel Corpora ton and the monthly fig
ureS OF the Copper Producers Associa-
ton all Will he made known on Mon
day. Pending the receipt OF this in
formation in regard 10 the crops and
the metal trade, operators were not
inclined 10 engage in extensive Ven
lures. The strength OF the grain mar
kets hampered bullish operations to-
day. but Wall Street expects q. fairly
favorable crop report Some short Gov
ering to-day was attributed to eNpec-
tations OF a good showing. Moderate
REVEALS in both the steel and copper
trade DOUBTLESS VIII he reflected In
Mondays statements, although the
copper market after u period Of in
creased activity, has become dull. Cop
per prices advanced in London to-day.
but the domestic market was at a
standstil. Exports of copper during
the past week from this port increased
so per cent,
widely to-day Virginia Iron. Coal and
Coke was most conspicuous y gain
OF thirteen points, making its rise in
the last two days twenty three points.
was followed by a relapse. The violent
fluctuations OF this week were attrib-
uted TO manipulation, and report that
the capital was TO be absorbed by
United states Steel met with official
denial
Underwood Typewriter. which has
enjoyed n meteoric rise. lost part of
is gain and Pennsylvania. Western
Maryland. Ptttsburg. c. c and St
stocks. Were higher.
The foreign exchange market was
Strong to.day. owing presumably, to
interest. which was built up in expec-
tation OF decline IN the rates after
the end Of last month. Sterling ex-
FIRST day or two Of July. hut instead
of reactins further rose again. Yes
terdaN's advance OF ten to fifteen
points was followed by further up
turn to-day. although the market
eaEed off before the close,
Forecasts OF to-morrow's bank state
nent point 70 loss OF cash which
sons estimates. place as nigh as 500
the Suhtreasury for Panama bonds
and to the fact that the inward qow
OF currency from the interior has
ehrunl5 TO small proportions. resulting
In small loss on balance for the
week
Bonds were steady Total sales. mar
value Sl,Sf5.ooo. United States bonds !
were unchanged on call
Total sales for the day. 100000 !
shares.
New York. July Money on call |
STEADY; 2 l-s12 10 per cent; ruling |
rate IL closing bid. SIS: offered /,
at l-2, Time loans dull; sixty DAYS
l-2 per cent: ninety DAYS 1-2M !
81; siX months 3 1908 SIS Prime |
mercantile paper i6l 10 per cent |
with actual business in bankers BILLS |
ri s. $40 IN .l,..,.-L... 49, =. |