Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-07-03
Holiday Sentiment 0vershadowed the
New York Stock Market.
OPERATORS WERE IN CONTROL
Miners Threatened Strike Affects
Coal Carriers Shares.
GENERAL MARKET REPORTS
special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. July 3.-The keaviness in
cident to a double holiday was fully re-
Elected in today's stock market Profess
sional traders alone were active and prices
consequently are not significant
London sold a few stocks to take profits
and this selling was reflected by fractional
declines throughout the international list
The weeks developments in the Levant
have not been entirely reassuring and for
eign investors await ore satisfactory in
oications OF a peaceful outlook
IoVernm' mt securities in London are well
sustained, and 1t is thought that the mis-
cellaneous department will improve during
the coming week
Labor troubles in the soft coal districts
are the basis for practically all of the dis
trust apparent in the speculative situation
A sharp decline in Tennessee coal and iron.
one OF the properties concerned. was a feat
ure CT the days trading. The hope is still
entertained that the question of mining
rates will he adjusted without resort 70
rulnous strike methods. The financial situ-
dtion mas not progressed beyond the point
where it can Withstand shock of the
t tha I suggested by the possibilities OF
the western outlook.
n serious setback to business improve
mcnt must follow any prolonged hostilitles
IN 1he coal mining region. With this factor
removed the financial situation wouJd
again become responsive to imnroy,ng yan
eral conditions eN'
railroad earnings have exceeded expec-
.ations, In many instances. and are con-
fdently relied upon to continue To sbou
a revival in business
'rop prospects are good, and the hot
weather reported In the grain districts Is
feneu upon TO Insure abundant harvests A
fortnight hence the bulk of.the anxiety as
10 the crop prospects should be relieved
anu ialriy accurate estimates of future
grain tonnage become possible
The passage of the tariff bill is an event
IN early prospect. and some additional in
cent1ve TO confidence is expected to follow
Labor troubles may overshadoy all else
put should they be prevented from becom-
Ing prominent routine DEVELOPMENTS are
likely to make for good.
lailH changes applicable to the cigar
cite industry We're reflected. by decline of
2h2 per cent in the price of American To-
pacco. Ifese shares Were freely sold by
the trading element, but except among the
professional interest little effort was made
to profit by the legislation contaminated
lhe remaining industria!s reflected the
tempt to prevent decline being made
The weekly bank statement reflects the
banking operations incident to the semi-an-
nual interest disbursements An increase
OF 81! .o26,aoo in loans is partially accounted
Tor Tor this reason. but fair proportion
OF the amount represents an increas sing
demand from commercial interests
An increase of over S6.0O0,00o in lawful
money Is reported and the deposits have
gained nearly $s.0O0,0O0. TIE difference be-
tween the changes In the latter items re-
SUITS IN decrease In the total reserve
The statement as whole is favorable
for this season of the year The gold
export movement. 1t is thought. will be
kept at a minimum limit during the coming
week No interest has yet been aroused in
these occasional shipments except in pes
simistic trading circles.