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Show I m OPENING II 'I' Spasmodic Advance, Followed m by Abrupt Reaction, Dis-ii Dis-ii concerts Traders. Report as to harrimak- fcf INFLUENTIAL ON 'CHANGE 4' Conditions in Financial -Circles I Such as to Have Sobering Tendency on Trading. yfNBW YORK, July 15. The volatile up-. up-. tJhoot of prices of stocks and the furious 1 'Activity of the trading of the first hour -3p'day save an Impression of violent Speculative activity and of a stock mar-Tlkot mar-Tlkot revival such as- has not been seen 'fStor a. long time past. The subsidence Ijtf activity after that fas so abrupt as ;o be rather disconcerting to the opera -mbrs who were attempting to follow the 'movement. Shares sold in the first hour "ftfttrregated 304.000. while for the second jour the total dropped to 7S.OO0 shares. . The animation of the early dealing -ISwed something to the surprise ot a S'ihort Interest, which had followed the llbrunt relapse of the middle of Inst week, SWl was left uncovered when the favorable favor-able bank statement and the opinion formed toward the Harriman report. Jc&rrled prices upward and alarmed the fthorts. The recommendations of the In-reaferstate In-reaferstate Commerce commission accompanying accom-panying the Harriman report were ro--rarded as an admission that a small icbpportnnlty existed for making a case 'against the railroad combination undor ithe present lawB. fc Sobering conditions were brought for- Gfo-arc again. Of these, the money-market BoUion is most influential. In spite of last wek's gain of $6,020,800 in the sur- blu reserves of the banks., that item .'stands at only SG.S67,050, which Is the Alowest for this date since 1893, a year Vith which a comparison is not au-i'piclous. au-i'piclous. The Interior demand for the harvests is too near at hand to make ithis a comfortable margin on which to iwmdertake any active speculative activ-Rtv, activ-Rtv, and in fact, New York exchange propped abruptly to 50 cents discount tit Chicago today. The foreign exchange Market last week showed clearly the cf-Ofiect cf-Ofiect of the efforts of borrowers here to k (ecu re resources abroad. This movement move-ment eeemed to be abandoned today, following fol-lowing the .stronger showing of the banks nfin Saturday, and foreign exchange rates LVbee briskly-f;Copper briskly-f;Copper fell in London and upon the cal metal exchange, and kept alive frinxletv over the .stability of that mar-""et. mar-""et. "Prices held moderately for most i't the dav, even after the demand had fattened out, but the speculative buyers -7 the morning threw over their holdings "(i the "final hour and the result was a a leactlon which left stocks lower than at aae close Saturday. Bonds weri steady. Total sales (par faluc. !WJ.000. United States bonds were unchanged on fin. T New Tork Bonds. '$ S ref 2s reg.105 t do 4Js, cor ... !'l Sldo coup 105 do. ccr 2nd s. SS ii S 3s reg... 1021 do -Is cer SOS fdo coup 103 ILouisv & X u -Jb 08 U S now 4s r.l27J'Manh con g 4s .071 do coup .. .,12SiiAIex Can 4s .... 812 ;ner Tob 4s 71 I do 1st inc 21 io 6s 103 'M.& St L 4s... S7 chlFon gen 4s PS 'J K & T 4s ... 95i cjfldo adj 4s 88 I do 2nds 86 Atlantic C L 4b 94J.NRR of Mex c4s 814 .fait & O 4s ... 9SJN Y Cen g 3s 90 0do 3js 90 ,N J Cen g 5s.l21 rook RT cv 4s TSi'Nor Pac 4s ...100 jnt of Geor 5s.l03J do 3s 701 ido ,'nd Inc . . 70 Nof & Wes c 4s 94s ISo 3rd inc .. 57 iO S L rfdg Is. SSI &es & O 4Js ..1005 Penn cv 3is 94 lc & Aly 51s. 67i(Read Gen Is.. 94 i I b & (j n 48. aigiST . m c 5s. ion III I & P .s.. 70 ISL & SF fg 4s. 7S llo col os SSs .St I j Swn c 4s. 72 anfCC & StL g 4s 98J'Scaboard A L 4s 70 fol Ind os h A. ClJiSouthn Pac 4s.. 864 jlo Mill 4s 6" I do 1st 4s cer. - 9l ,n'5l & Southn 4s Si'iilSouthn Ry 5 ..106 anAba 5s 103 ITex & Pac lsts.U2$ i& R G 4k .... 93 T St L & W 4s. 74i Jstlllers' S s 82i!UnIon Par 4s.. 90S rie pr In Is 92 117 S Steel 2nd 5s 06g ido Gen 4s TOSWabasli'lsts ...108 took Val 4i5,.100?vestern Md 4s. 74 "Jpan Gs 19 Vvh & Ij e 4s. SO t do 2nd ser ... 39 I Wise Cen Is 83 j Treasury Statement. yYASHINGTON. July 15. Today's lTnrtemcIU of '10 treasury balances In the lvjneral fund, exclusive Of the 5150.000,000 lId rescn-e. shows: Available cash bal-iZ7ces. bal-iZ7ces. 1250,429,951; gold coin and bullion, ,-J7,o64,153, gold certificates, ?93,040,150. iff J New York Money. ffiW . YORK, July Close: Prime klrcant,lc Paper, 5l(gG per cent; sterling 'change. stronger, with actual business ji bankers' bills at J4.S6 80W4.S6.85 for llnyiablHsa"d at 8:i,50S,4'8s-5i for sixty- 'Postcd'ratCB. $4.84 and 54.fc7j. Commercial bills, $4.83SS,4.S3b. iplexlcan dollars, 52Rc. npverument and railroad bonds, steady. Money on call, firmer, 254 per cent; Chsting rato. 33 net- cent; closing bid, 2' i T cent, offered at 3 per cent. att'flme loans, dull and a trifle easier; . M" nays. li5J'5 per cept: nlnetv days, ra? er cent ' slx montne ,; Pet' ent" ' New York Flour and Grain. 2r l?',1"01- Ju,-V 15. Flour Receipts, & Jl-3 barrels; exports, 13,340 barrels: ' i? ,inrl l'avely steady -he!rlTfR,?cl,,ts' 50'000 bushels; ex- Tts, l.-4,230 hushpls: spot, weak; No. 2 a?- ;'c elevator: N'o. 2 red. OSHc f. o. b. B"iat, No. 1 northern Dulnth. Si.ios f. o. Jafioat: o, .' hard winter. ?1.00"e f. o. b. joat. Ax a result of poor cables, severo irl,lnvS5t rains and a moderate visible , ppiy Increase, wheat broke 2c a bushel ! f JS'i 5u ,5?1,y ,n, covering left the rtffL?rCcln nna ,y 1c 10 el lower. Julv, WfiJ98Jc. closed 9Sic; Soptember, an Jr. f 0l, closed 51.004, December. $l.o5 T. closed f 1.03J: May, ?L0ei8H.0SV. Knf Visible Grain Supply, ' )V YO,R1i' '.Tul; 10' T1'o visible sup- .L KraJn Saturday, July m, as C01n. 'fca Tae'f3fow,s-W Yrk producc oxthauge. $Sabu8ha"'00 ,1Us5-l5: 'Wa.c. l.$Obuihe8.S,,00 bU3ho!E: dccrease, 1,450.-DjOatu, 1,450.-DjOatu, 5.364,000 bushels; decrease, 1.131-.-aj" bushels, ' flSfcls.083'000 ,)Uf,heIs: decrease. 65,u00 -tShoSr 67E'00( bUEllels: '"crease, 2,000 St. Louis Wool. ?k'i lol7s. July 15. Wool-Steady Jfi n .and clothing:. 2offT-2tfc: light fine' pge; heavy fine. 171C; tub-washed. |