Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-09-26
FINANCE AND TRADE
Stocks as a Rule Were Weak and
Slow Today.
ADVANCE IN AMERICAN SUGAR
Tobacco Was Lower Under Advice,
From St. Louis.
GENERAL MARKET REPORT

Special Dispatch TO The Evening Star
NEW YORK. September 2G-Cab,.s re-
ported Americans flat in London. the mar
ket there at opening being practically AT
New York parity. There was very little
business in any department. the celebration
OF the Hebrew day OF atonen1ent elirliuaf-
ing important Interests from Chanel court
The complications in the Chinese political
SITUATION do not appear 10 disturb the
coincidence Of the financial community and
SO Tar as the securities markets are com
oerhed sentiment is cheerful The i'm
proved monetary situation al New York
causes a disposition favorable TO Amer,-
cans.
me New York market at the oponips,
io"f>eu weak and there was very little bust
ness IN sight, the jewish religious holid,,.
mere. as in London tending to rsstrt,,
dealings. Some hesitancy to snaculatt,
was caused too. by the announcement 81
the failure of the New England Loan and
trust Company Of this city
TOBACCO showed great weakness on a
PRESS dispatch frora St Louis statln, Pros
zoe mt Drnmmond had denied the story thar
ms plant had been sold to the American
I0hacco Company for slovb0.u,o. Stock
'oiuerS OF the Drummond Company also
maui uehla4 OF the sale 1t was added
'hocgh' that Mr.. Drummond win sell IL ne
can get the price he demands
The four-point break in tobacco had no,
up to noon affected the general market
ahi atorably. Sugar stock on covering rail-
ilea sharply TO I'll. gain OF | 5-S from the
20" est figures van '''e
In the early afternoon -ra1f,,- .,
!iao another weak spell On realizing sales
tne STOCK on this dip showing a DECLINE al
PotlttS from opening figures. the rest
VI me market holding pretty steady with
40 speoal demand for stocks and al TIM
same time no pressure 10 sell
A can loan or sl.0ep,O00 was made this
forenoon at 3I2 per cent
IN the late trading the strength Of sugar
Was the feature-the stock selling up to
10. wniie the tone of The rest of the market
had also somewhat improved Leaders of
the market still maintain that There has
Deeh IlttIG or no selling by prominent in
terests-lttle to fear from an off year IN
politics, and that the earnings Of no
granger roads and Union Pacific together
with easy money. will give US n higher
range of prices
Earnings for the past week were rs fol-
lows: Canadian Pacific, third week OF sep
tember, decrease. $IT.eoo; Texas Pacific
thlru week OF September, decrease. Sia so:
Chesapeake and Ohio. third week of sem
fenDer' increase. 81 :IS9; Missouri Pacific
miro week OF September. decrease Sluno:
wabash. third week Of September in
crease, S3s915. st. Paul reports for Au-
period last year The earnings for August
1851 We're 81 .Sot14, the largest in the his
tory OF the company for that month. Louis
vl!le ana Nashville. third week Of S.ytcr1-
per. increase, S3o,695; from July l, Increase
Sl3O.Sl2 Baltimore and Ohio for JuIy
gross, S23l1. 900. an Increase Of SGa 5nS and
net SIG. Oo6, a decrease Of Sgi 30 The re-
organization managers Of this road have
called for the payment Of the third ard
f1na4 assessment on the several issues Of
deposited stock. Payment is to ba made
on or before October 10 ana amounts 10 ~
cents a share On the first preferred stock
and 80 4 share each on the second preferred
and common stocks
Americans in London closed a shade be.
lew the pm. prices. but with the tone
comparatively weak. Market for mining
SHARES there closed steady, with q better
tone during the day than that prevailing
last week. The liquidation in the London
market IN the corn groups Of shares is
thought to be over. The foreign markets
nave all been quiet. Spanish Is closed at
i3%i-an advance of Is. Consols closed I'M
Changed for money and account.