The St. Louis Republic., 1900-08-09
TRADING WAS VERY DULL
IN NEW YORK MARKETS.
LONDON CONSOLS STRENGTH
ENED BY WAR LOAN.
Money in Good Demand in London
and Berlin, but Easy in Paris
Railroad Stocks Firm.
REPUBLIC SPECIAL.

REPUBLIC SPECIAL.
New York Aug. S.-Trading in the London
market has fallen off 20 an even narrower
range that that IN New York and the
changes on the day were merely nominal.
Consols, however. showed quite little
strength on the success Of the war loan and
the expectation that the shipments of gold
IRON America would materially relieve the
London money market.
An examination OF the ratio between the
Paris exchange and that In New York will
easily show that shipments of gold to Paris
are not profitable at present. 1t is prob
able, however that such gold as might so
10 Paris tomorrow would be really trans
action for London, made direct to save
transshipment
Money continued In good demand In Lon
don and Berlin. but was relatively easy IN
Paris. Berlin exchange showed noticeable
strength, and there is evidently no present
demand for gold In that center. The gold
shipments. so far. are something under S.
tN0.ooo but viii probably be larger before
Me week is out.
n the local market the period of stagna-
.n inaugurated at the beginning of the
sek, continued and the trading in most
apartments was Of the most limited char
acter. In spite of the usual tendency of a
neglected market to sag, prices were very
fairly maintained. The possibilities of Mr.
Bryan's speech IN accepting the nomination
encouraged little professional selling. but
the stock was for the most part well taken
Individual movements of stocks were
practically uDimportant- The pool opera
tions in Rubber ceased and the price re-
ceded early on a few sales of long stock
fractions were weak. without any very
definite pressure The railroad stocks We're
dull but firm.
The close was as dull and idle as the
trading for the rest of the day. but very
fair strength was shown. The buying in
Missouri Pacific and Atchison issues was
considered good. and railroads generally
received sufficient support TO resist any
pressure from traders.
Sugar rallied under pool buying, and the
movements in Brooklyn Transit seemed
mostly manipulation. and had really very
little reference to the forthcoming state
ment.
The Chinese difficulty does not seem to
grow any less difficult as time goes on. 1t
is a gain for civilization that the Ministers
are allowed to communicate with their
Governments, but their precarious condi-
tion will cause anxiety until the allies can
4 The Boer War. however, seems on the
verge OF collapse. and 1t may be taken that
the British Undersecretary for War would
not have spoken with such confidence of
its Termination in three weeks time with
out an accurate knowledge not hitherto
given to the public press
1t has been con5eclured by authorities
usually well informed that free silver is to
play q very small part in Mr.. Bryan,s ac-
ceptatton speech and and-imperialism a
very large one. Wall street looks upon this
as giving the Republican committee a
chance to extract funds for Campaign pur-
poses. and it may work an election scare in
the market before the fighting Is over.
1t Is probable, however that at no time
for years has the market been in so good
a position to stand a break Of that kind.
The floating account open is absolutely
trivial. The volume of trading in the past
few days has fallen off to a point unpre-