The St. Louis Republic., 1900-09-28
= ONp0N MARKET IMPROVED
IN ALL DEPARTMENTS.
NEW YORK STOCKS RULED
STRONG.
RniEshness Attributed TO Belief
That Coal Strike VIII Soon Be
Settled-Big Four Strong.
FEPURIIC sPECTAL

TsEfEE EIIC 5F--lsNL~
New York. sept 27.-The London market
eftsr being ittle irregular at the open
tnz irnyroye6 In al departments and closed
.-aparaTv strong The Bank Of England
Ga not advance is rate, which remains at
per cent. IN spite OF q considerable loss
of gold 10 Ee.In. the position OF the Bank
az England. as shown In the return. was
erceutionally strong There was no altera-
don recorded in money or exchange IN any
q the European centers. but there seemed
10 be 8 pretty steady demand IN the Berlin
money market Ths Chinese Dews was
merely negative.
In the local market after some uncer-
tainty ct the opening, considerable strength
developed on the general confidence as 10
It's result Of The strike negotiations. There
~ every reason to believe that these have
= heen brought to satisfactory conclusion
and that by mutual concession work will
be resumed at all the mines In the near
future. In the circumstances Il is not
surprising that there was a sharp rallE N
eli departments. especially as the inafAsI
showed fairly definite sisns of being ever
sold. Big -Four showed especial strength n
on reports from good sources Of q close!
union with the New York Central Inc
buying n this stock hiss been consistently
good all through the recent declines. ana u
may be taken that there IS soma sup
stratum Of truth 20 the ruTor7 In a gem
orally rallying market Stocks do not move
as q rule on their special merits. and II
would cover the days operations 70 say
that ths shorts In the fractions and III
elsfrials found their position uEtenaoie ana
climbed In. Possible strtnEency IN ber!in
led bankers &c expect q nrnler money mar
kst.
The close, II not quite et the best. was
rear L. and IN spite of autlcipation5 or
dsarer money. the tone in the maThe. vas
distinctly bGillza. u was reported tatl
Morgan interests had been tc!trlleF-t1L- :
buyers %. the general list. and TINS onset
the lta.fr.rigp in Northern Pacific for hrf-
lin account a prominent OUTSIDE opera
tor Wa reported 20 have covered a i2r Hs
Borrowing demand atll showed Sl1sider;this
scarcity OF ,he greater stocks. lut Indus
Ths CbjTesa pas..ion was unaitered and
seemed to b.. having more effect upon the
Paris and BeCliI markets than in London or
here. The tendency IN Berlin was toNsIt u
dearer money and lower prices. ! ne recent
disturbances in the Industrial position thSfe
have shaken that market badly anu me
Persistent Cn!3adlns OF Northern dtll!1
common and preferred - one OF Tue GNt-
AfeRces OF IL. The market Is only Just pc
Winning to appreciate the eaoTmOuS yeueut
-ser:ye4 from the currency bill and II me
ctrrunsfSnr+.a nobody anticipates dear
money ia the sense common enough IN ne
past but bankers ara undoubtedly NCih-
+. ing IoF somewhat NsE.rE ialFH.
LONDON Is rraba Div a considerable ball Of
railroad stocks Ia this market. toug NJ
against :h- large volume OF calls and sold
there. This tends 20 keep The loan account
= heavy in the bank statements, and VIII
eTectuslly prevent = recurrence Of the al
: most nominal money rates OF thg itS.lC
past %orbfrE mort. than routine business
was done at the meeting Of the Big -FOUR
so-day buJ the street has 600" reason Tor
p believing tie Tumots OF c41sef Ietdgioil5 @
with New York Central Il is reported on
trustworthy authority tnat the basis o.: set
uelnent Of the anthracite st.ihe lEFoINts
an advance of ID. pev. cent IN wages on he
part 0. the mine owners. while President
Mitchell viii waive his claim for TeC0Enl-
ton Of the Uni p. London sold about lpV9
. shares on balance due to-day, and Il IS =
sood testimonial 20 the better feeling IN the
market that prices generally aufa n N
site Of Il. TIE heaviest foreign pressure
Vas in Northern Pacific issues. Z. K o.
advanced and il is thought obvious mat
TIE pocl must hold IL Up at last cat! :he
per cent iustaIimuut on The new STOCK
4sls due on October l.