The times. [volume] (Washington [D.C.]) 1897-1901, 1900-07-26
A DECREASE IN TRADING
Public Holds AlOof From the Fluc-
tuatiRg Market,
Stocks Not Readily Absorbed When
in the Hands of PoOIs-NInnipulH-
perienccz Prcssure-SIiEht Gains
in the Sugar and Tobacco shares.

NEW YORK, July 25-The stock market
today was extremely narrow and restrict
ed. There has been a marked decrease IN
the trading since Monday, and temporarily
at least the public shows little inclination
TO develop 4 new interest in price huctua-
tons Yesterdays liquidation indicated
that stocks while held in relatively strong
hands. are not absorbed very readily when
attempts are made to distribute them by
pools responsible for the manipulation
which has become a conspicuous feature of
the market. Nevertheless, in view of the
bearish sentiment so prevalent just now,
and the uncertainties Of the situation, the
market has held up remarkably well.
The leading news OF the day was the re-
ported difficulty existing between the New
York Central and its fremen and engi-
neers. 1t was believed, however, that the
conferences between the representatives oil
the interests concerned would result salts
factorilv to everyone. This factor, how
ever. was not without its influence in Lon
don where the stock sold down per cent,
and the same decline on very light deal
ings was recorded in the local market
With the unsettled Chinese and none
tary situation abroad, the London ana
Continental markets were depressed. Con-
soils were lower on expectations OF new
war loans and there was a continuance oil
the selling of American shares, about ~
OOO shares being sold on balance for the
day.
Ii was announced that no gold would be
eynorted tomorrow slight decline in the
French figures making Paris transactions
profitless. Incidentally, II is noted that
the gold holdings of the Treasury Depart
ment are now at their high record point,
$427, 965, 1s1.
In sympathy with the weakness abroad
the stock market opened lower, but the
declining tendency was soon checked with
a renewal of the bull manipulation in
American Tobacco. Brooklyn Rapid Tran
sit and Sugar led the early declines. st.
Paul and the other grangers were frac-
tionally lower on e decrease Of $59,95O in
the st. Paul earnings for the third week
Of July, but crop news was favorable.
Tennessee Coal and Iron declined l per
cent, and the other steel stocks were SYM
pathetically heavy, with selling OF long
stock attributed TO the West. The labor
troubles on the New York Central and the
late report OF the strike OF the Delaware
and Hudson, were not regarded OF sufh-
cient Importance TO stimulate trading, and
the decline of per cent In the former
was IldQc OIL lASle4l4L4'alh NSsiA4A-t5S-
In the early afternoon an attempt was
made by Tobacco and Sugar interests 10
rally the market by bidding up those
shares, and while they responded to
moderate extent the rest OF the market
was quite apathetic and the ticker had very
little to do. For the most part the market
was decidedly fat and uninteresting.
In the late trading Metropolitan ad-
vanced easily on moderate purchases, and
displayed a gain of three points. The i'm
prOvement extended to the rest of the
market and was due 10 covering by shorts
and very light buying for the account of
commission houses.