Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-09-27
IN WALL STREET.
Less Demand for Stocks Than at Any
Time This Week.
Special Dspatch In Evenino

Time This Week.
Special Dispatch to The Evening Star.
NEW YORK, Sept. 27-There was less
demand for stocks at the opening Of today 8
market than at any time during the week.
Initial prices recorded slight variations
from closing figures. with the exception Of
Lackawanna. which began the day with an
advance of 2 1-2 per cent to las.
London was fractionally higher except
for Louisville and Nashville. which was
changing hands at prices per cent below
our closing. Foreign houses were moderate
sellers as the result Of the selling move
ment begun in Amsterdam yesterday, fol-
lowing sharp advance in money rates.
The market for sterling and continental
bills was firm at a slight advance. Brokers
ascribe yesterdays decline to a natural
consequence of too rapid advance unwar
ranted by prevailing conditions. There is
at present no special demand for sterling,
and 1t seems hardly probable that any con-
siderable amount Of gold will go out this
week. The total amount Of sterling loans
maturing next week is estimated at Fl, Co.,
Uo and increased activity and a further
advance In rates Is expected In providing
for these obligations.
The Peoples Gas and Coke Company.
one OF the most prominent companies in
the Chicago Gas Company filed an s. OOO-
goo mortgage with the Central Trust Com
pany OF this city as trustees. This is part
OF an issue Of $10.0O00O0 recently authorized
by the company and which will be used in
redeeming bonds now outstanding and
leave working balance in the treasury
besides.
Reading was weak all day on rumors of
un1avorable developments resulting from
today's meeting Of the receivers, called to
provide Tor October settlements. Missouri
Pacific and Atchison were unusually active
as the result Of selling movement
prompted by reported decrease in earnings
Atchfson's decrease for the third week
this month is $4,000
The clearing house loan committee cam
celed $3sO,0O0 certificates, and applications
were made for the retirement OF $3.50 900 ad-
ditional tomorrow
Exchanges on the clearing house today
amounted to s7l.9s24 54. Balances, AS37. 43s,
and the subtrea sury's debt balance 1904 O6o
Money on call ruled at. 10 per cent and
some time loans for the balance Of the
year are obtainable at the legal rate
me market continued narrow and profess
sional throughout the day. with the senti-
ment or the room inclined toward lower
prices.
rally was started after the noon hour
on some visionary rumor Of brighter pros
poets In Washington. but the facts were
too Intangible to produce anything but a
temporary improvement. which soon gave
way to actual conditions
among the stocks most prominently af-
fected by the days trading were Burlington,
which declined l IA per cent to 49, Mis-
souri, Pacific lost IA per cent TO q 10
Nashville declined to ~ "a. a loss Of IA
per cent. Reading lost "a to IA 3-S and
Lackawanna advanced to 14S a gain of i
per cent from the opening
The directors Of the New York Central
declared the regular quarterly dividend of
l IA per cent.
The closing hour was dull and uninterest-
ing. with prices at fractional advances from
the lowest