Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-10-20
Attempt to DepreSs Prices by Offering
Down Steel Stocks
LONDON SENDS over A HIGHER RANGE
Brooklyn Rapid Transit a Feature
OF the Selling
SHARP PULLMAN ADVANCE
Special Dispatch to The Evening star.

Special Dispatch to The Evening Star.
NEW YORK, October 2O.-An attempt
was made to depress prices at the opening
OF today's market by Offering down the
steel stocks and a moderate selling Of the
railroad list Prices declined a small frac-
ton in numerous instances. while in the
steel shares the opening decline was about
~ per cent London sent over a higher
range Of prices and was disposed to buy
moderately, but was unwilling to advance
prices. After the first few minutes Of hest
tation traders abandoned the selling and
began a covering of outstanding contracts
In the railway list.
New York Central was a feature Of the
day. under exceptionally good buyinp IN, a
ciique recently organized for the purpose of
aeN dhclEs the stock on its dividend tlrus-
poets. The earnings OF the road are aIupIv
suHlClent to allow for a substantial addition
10 the present rate. and now that investors
are the only PUBLIC in the market stacks
OF TINS class are likely to be first TO r,spnnd
TO the demand Pennsylvania Northv-ast
tIh Iihhols Central and st. Paul All came
an Tor good share Of the buying a sb,rt
interest helped the advance also but tba
of a better sort vas
An per cent advance in Pullman WAS
an important development, reports Of a
substantial dividend disbursement beIrip~
tne movement an a very considerable de-
gree. Inc companys treasury is in spIen-
uld condition at this time and Shareholders
are confident that some unusual Iibarality,
Is contemplated, either by virtue of a
cohsolidatlon or the sale of the Pullman
township under the recent degree of the
courts ''
In the industrial department RrookIvn
Rapid Transit was a feature selling nm
aDout per cent under another mixed de-
nand. The neighboring traction shares
held moderately steady. and at times re-
Hected an urgent demand from the room
Inc steel Issues We're not strong in snIta
OF the fact that they developed some re-
ISSUANCE TO the pressure OF short selling
IN a lew OF them The sales were more sit1-
nihcant than the purchases.
The bank statement tomorrow is bat,s,
universally discussed the on'y noint unoT
Whlch opinion Is unanimous being the like
iiloou OF no decrease in loans owing To tho
idch Oh new incubation for the week The
ioaI account mas been the bar to activity
III one sense since the larger interests were
a , 10 advising buying. for fear OF IN
creS sing the liabilities Of the banks
ne money situation is much more salts
factory than IL was a week ago AT least
70 the extent Of finding the Central Pa.
enc hhahclal operation out Of the WAY
Natural progress may now be made to-
Waru more normal conditions, unless eN-
change rates should advance TO gold ev
porting point. Money rates may be kept
suflciently firm to help check such a pos
slbility. The net result of the interior cur-
rency movement and the operations at the.
suDtreasury viii be reelected in a loss to
the banks of something over ST. 800 900. CaU
money rates advanced this prospect
during the last hour and forced prices or
from The best.