Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-10-14
Stocks We're Dali at Lower Prices
Again Today.
ANOTHER RAID ION RAPID TRANSIT
Railway List Was Also Weak and
iis :,
n Lower.
GENERAL MARK EFT REPORTS

Special Dispatch to The Evening Star
NEW YORK. October 1.-THE week at
the stock exchange closes with profess
sionai room traders In absolute control of
prices There is almost no evidence of an
outside demand, and the relatively small
volume or liquidation is somewhat surpris-
ing In view of the disappointment in invest
| ment circles. =.
ihere Is scarcely a prediction covering the
present season that has been fulfilled even
In moderate degree. Earnings keep up and
the iron and steel industry continues to
astonish the trade with its achievements
but the securities fall to advance.
Slugglshness has taken the place of buoy
ancy, and interest In new ventures Is at
very low ebb.
Excuses are offered In explanation of ex-
lsting conditions, but few of them seem adj
equate. Inc money market and the low
oahk reserve caused some concern a few
weeks ago among traders. but bankers said
the middle of october would see such diff
culties entlrety out of the way, and advised
caution IN selling good securities.
raining TO secure these results through
natural channels, the action of the gov
ernmeht IN anticipating interest was ex-
pecteo 10 bring about the same result
through artificial means. A few traders
covered their outstanding short contracts
upon nearing OF the governments intention,
~, the public saw in the announcement
only another strong argument for remedial
financial legislation.
Oniy few institutions are likely to de-
I ma interest for the full period named in
t .eie soveIhments offer, and even this in
eerest makeshift will avail little
The war in the TransyaaI is we'll Under
way ana the action: of parliament, in the
PRELIMINARY stages of the debate, will in
tons eoAtoA
Ihere Is every evidence however. that
tne Lonnon market has experienced some
renef, now that the outbreak has actually
o vensa ~ would seem. too. that the ex-
penses or the war had been provided for,
put the local banks. are not so strong II
lunds as TO preclude some sensitiveness at
the prospect Of active demand for gold
altogether the speculative situation Is one
hled with many doubts, and the leader
snip Tor the moment is against improve
uent.
The selection of Brooklyn Rapid Transit
for the third time shows very clearly that
the present attack on prices is being di-
reeted by the same experienced operator
who first decided that the market had
reached dangerous height last spring
Brooklyn Rapid Transit was today under
pressure and yielded easily without much
positive resistance.
The railroad list was dull but failed to
rally except when an outstanding short ac-
count was being covered. In many quar-
ters there were expressions Of confidence
in an early rally, but the belief was not
accompanied with the substantial action
necessary to support it. The bank state
ment reflected a loss of 81, 019, 900 in lawful
money, all in specie.
The shares were reduced S4,6S2 COO and
the deposits fell off $6,2126OO. The de-
crease in the. latter item increased the re-
serve 1914, $50, bringing the total surplus
reserve up to, 81, IT, $50. The banks have
decreased their liabilities, but they have
falled to add anything to their supply Of
currency.