Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-09-01
Depressing Effect Of Fractional Con-
cessions Abroad.
RISE IN SUGAR CAUSES SELLING
Politics Loses Its Importance as a
Factor for Awhile.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, September Fractional
concessions in the London market resulted
IN an irregular opening on this Side. with
similar concessions predominating The
selling of ST. Paul for foreign account at
tracted the usual sales by the room. but
neither the volume OF business nor the
extent of the fluctuations was significant
The engagement of sI.0ooGC1 gold for i'm
port, bringing the total up to si9,7o0.Oo.
exerted the customary influence for good
A subsequent advance of ~ per cent IN
posted rates of exchange was followed by
moderate selling and inconsequential de-
clines
Nashville and Baltimore and Ohio were
conspicuously weak at times on moderate
dealings. The failure of the former IN
respond to the Improvement OF the last
lew days mad been previously commented
Upon by traders who became aggressive TO-
day. largely as the result of this mysterious
acuon. The latter property declined o.
per cent, and was almost totally lacking in
support, except such as came from the
short interest
american Sugar was marked I'D during
the opening hour to 100 a gain of IA per
cent from the low level of August. Ar This
price sales for both accounts were en-
countered. resulting in a reaction of 1 ner
cent The interests in charge of the nm
ward movement were again noted as buy
ers at the decline.
Mahhattan's statement for the year end
ing June -, submitted today. reflects 4.
dencit. after charges, OF $Ssl sb3. az COM
pared with a deficit of s219 1882 one year
ago. This showing was not uuexnected
ana mad almost no influence on the price of
the stock, gain of 1 per cent being re-
corded from opening figures after its pub
ncation. change i'm the present dividend
disbursements would seemingly be war
fahted by such an exhibit of decreasing
revenue, but the character OF recent buying
preciudes the probabilities of such a
change
Action on this subject is expected about
Inc middle of the month, but, as frequently
happens in such cases, the action of the
STOCK prior to that time may give an ink
ing OF the outcome. The reports submit
ted by several of the smaller properties re-
iiect the general business depression In a
lesser degree.
Call money rates again iuctuated. for
the greater part of the day between 6 and
per cent. The loan market is carefully
watched at all times. but no indications
OF unfaNorabe developments are reported
The market relapsed into dizziness. its
normal state for the time being, but was
Wei sustained during the final hour In
the absence of new monetary complica-
lions, traders are disposed 10 favor quick
opera tions for turn, in the long account
Politics has given way to matters of more
immediate concern of late, but are expect
ed TO become a factor during The balance
OF the week. Outside interest is not arous-
ed by the sentimental Improvement now in
progress, and the professional interchang-
ing OF securities. which has passed for a
stock market, Will continue Indefinitely.
a decline in money rates well below the
legal rate was the most important develop
| ment of The final hour The gold move
ment is discouraged in exact proportion to
The encour; cement OF the borrower by such
a decline.