The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-09

NEW YORK, Sept, 8.-Considerable
stock was thrown upon the market TO-DAY
as the results Of the fears OF war pc
tween Great Britain and the Transvaal
and the condition of the local money
market was a continued cause OF uneasl-
ness The market took the oTIerlnSs
very we'll and SC no very wide breaches
were made in prices. First prices or
number of internationals were made the
lowest of the Gay, notably Kansas &
Texas preferred and Norfolk 81 western
preferred, which fell 1Ss and l, respective
" Declines were not down TO the hoh-
don party as rule and vigorous support
was forthcoming at the decline. Kansas
& Texas preferred and Norfolk preferred
recovered their losses and there was
rally all along the line. Near neon there
was renewed weakness on the Circulation
of alarmist rumors regarding the out
come of the British cabinet meeting. Inc
general level of prices fell lower than on
the first dip There was movement TO
cover short contracts when authentic re-
ports were received of the better feehhg
engendered in London after the cabinet
meeting About tn same time Manhattan
was taken in hand and marked up over
two points. Metropolitan, Sugar and
Brooklyn Trarsit rose simultaneously
The general level of prices rose large
SulHCiSlll ilSniiy SoASSS w "-FO
out earlier losses
There were some subsequent wide
movements in special stocks, but the gen
eIal market continued quiet and dull,
prices were not again materially changed.
Tennessee Coal rose agressively to LII IN
the final dealings, and Manhattan touch
ed 49, the specialties generally showing
some response. Pacific Mail suffered
loss of nearly four points on the state
ment of decrease in July earnings, but
rallied afterwards. Other stocks to show
acute depression were Tin Plate, Amerl-
can Hoop. the Tobacco stocks. Third Ave-
rue, Metropolitan, West Side Elevated
preferred, Leather preferred, and Ma
tional Steel, and among the railroads
Erie first preferred, Colorado & South
ern first preferred Northwestern, Omaha,
Lackawanna, Hooking Valley preferred,
Fort Worth & Rio Grande and p, c., G.
& ST. l..
The tightness of the money market was
unrelieved. The time loans were held at
s per cent. and call loans for the most
part ranged from up to c. The late
fall in call loans occurred after the needs
of most borrowers had been met and
was without significance. A further de-
cline in surplus reserves In tomorrow g
bank statement Is foregone conclusion.
The movements of currency by express
indicate a net loss to the interior by the
banks of considerably over 100000 and
the subtreasury has gained, from the
banks, including payments for taxes and
deposits for Geographic transfer to the
interior $5,53s0OO. No setoff is apparent
against this loss of cash of upwards
IS, 100000. Sterling exchange III New York
fell a sharp fraction this morning in spite
of higher discount rates in London, but
the bankers rate for demand sterling
partly recovered in the afternoon.
The bond market showed a yielding
tendency on a moderate volume of bust
ness. Total sales par value 81, 102 900.
United States bonds unchanged In bid
quotations.
STOCKS.
The following were the fluctuations of
the leading railway and Industrial shares,
furnished by c. H. F. Smith & Co, mem
bers Of the New York stock exchange and
Chicago board of trade: