Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-07-14
New York and London Stock Mar
kets Dull and Restricted.
TRADERS SELF SUGAR DOWN
Granger Shares Also Objects Of the
Bear Attacks.
GENERAL MARKET REPORTS


Special Dispatch to The Evening Star.
NEW YORK, July 14.-London reported a
dull and heavy market this morning. For
eign markets, with consols down 49, but
Americans were steady and within Is to q
Of our closing parity.
Tin Plate has agreed with it's employees
on an increase of 10 per cent in wages for
the ensuing year, to increase the output of
the mills. About 10000 men are affected by
this, which ends the strike, and the mills
Will all start up again on Monday.
1ousman appears good buyer Of
STOCKS To-Day as usual Buying in North
efn racine has been general and scattered
on the restoration Of harmony between the
company and Great Northern It's the
strongest feature this situation. $6,OOO,-
900 of the SIS 600, 900 derived from sale of
Manhattan new stock has been used to
pay on old judgments for right of way, as
they were drawing per cent interest.
The balance of $40 600 is being loaned
on the street at a good rate. The work
or equipping the road with electricity will
De pressed, and most of the contracts have
peen given out. Burlington, Quincy, Rock
Island and Missouri Pacific declined with
Sugar and Q. c. 1. and Atchison largely
on selling by traders and the Keene fol-
lowing.
TIE market is very narrow and seems to
De wholly in control of the trading element.
There is no bad news OF any kind and no
change in the situation to warrant the SELL
ing, except the outside dullness and DISPOSE
ton or the street to await the bank state
ment. sd
There is rumor in the board that the
City National Bank will ship some gold by
tomoirew's steamer. They will say nothing
either way, about It,, at the bank If the
soid goes IL Will be on a special order as
usual, as there has been no change in for
elsn exchange rates, which are about Il.
under the shipping point with demand
sterling about 4.S7A
The election of John s. Kennedy to the
Northern Pacific directory leaves the Hill
representation the same, Kennedy taking
John q. Moore's place, but 1t was consid-
cred a bull card just the same and traders
bought Northern Pacific common on the
news. The break in the first hour was on
false reports of exports1of $4,000. 900 gold.
Lonoon sold 1o,WO shares, scattered in
many different stocks.
The Spirits Distributing Company has de-
clared a quarterly dividend of ~ per cent
on It's first preferred stock, payable July 20
81! &c oKs close Jqly Is and reopen July 20.
The banks losee 81, 0WOCO cash during the
week, including subtreasury operati
The money paiai out BY the subtreasury for
some reason dig not go to the banks. Stocks
traders and so1he bear hammering on pre-
dictions of a bad bank statement Int
Pump Company has declared quarterly
dividend of l12 Per ceRt, payable August l.
LoiioOii MAJ net CloSt>u steady. OTedt NOrtn
ern June gross increase $;}02, 200. From
July increased s., 436,013.
The anthracite coal trade, for some time
past has been in process of rehabilitation,
and that the efforts that have been made
to concentrate the mana cement of the coal
companies in the hands of few have been
successful. IT,
New York Central Interests are actively
identified with the anthracite coal com
panies. i'- 81 -
Vanderbilt methods as exercised by J. P.
Morgan are bringing the Reading securi-
ties to the front as Investments Lacka-
wanna is now being handled in Vanderbilt
style The industriafs under lead of Copper
Mines will do better The Standard OH in
terests are largely represented in Amalga-
mated Copper. Their orders We're ccnspicu
Gus throughout the session yesterday.