The times. [volume] (Washington [D.C.]) 1897-1901, 1900-09-01

Yesterday was much such day in the
stock market as was expected. 1t was the
dun closing day Of a dull week made even
more undressing than usual by the fact
that a three days holiday was coming, ami
even the professionals did not care to have
any business in the market over so long
period. Prices had little change. but the
net movement for the day showed triiie
on the downward side. Sugar, Peoples
Gas. Brooklyn Rapid Transit, and one OF
TWO other securities were weak during the
greater part Of the day on selling of long
stock recently bought at lower prices.
There was little news. Rumors Of another
advance in the price Of sugar were heard
and a good authority stated that the divi-
dend on the stock will not be increased at
the meeting next week. One or two
houses heard the story that a new gas
company is 10 be established in Chicago TO
compete with the trust The earnings
statements were all good. especially those
# Pennsylvania and Chesapeake and Ohio.
she bank statement today will be good
according TO the best informed people The
banks have gained somewhat more than
$4,000 0G in cash during the week and
there have been no OUTLAWS of Importance
that are known. The statement will be
given out at u o'clock. as usual There
was nothing OF interest in the money mar
ket, but rates for call loans continue at
the lowest, with no indications OF an ad-
vance, although all financial people believe
that such an advance can hardly be avoid
ed. There is no prospect of much change
IN the market in the near future There
are quite as many OF the important people
away from Wall Street now as there were
a month ago, and perhaps more. II is the
absence of these people and Of their bust
ness from the market that prevents IL
from improving and very little else There
caa be little doubt that the large interests
wll buy stocks heavily when they return
AID when they believe that the proper
moment has arrived. They are almost TO
MAJ bulls On the situation. In the
mean time there is quiet buying of some
securities for them on the recessions. and
conservative brokers advise their custo-
iners to follow their example.
Sugar was the weakest stock on the list
anc closed the day with a loss Of two
points, after getting as low as III ga at
one time. II could not be learned that
any important selling occarred. and II Is
probable that the decline was due entirely
10 evening up OF contracts for the holt
days. The sugar situation IS considered
rather good than bad, from the standpoint
of the trust. 1t IS shrewdly suspected that
the company has a good supply OF raw
sugar. despite its plea of scarcity of the
article. as an excuse for advancing the
price Of the refined The other sugar
people are not supposed to be so well
fixed in this regard. The price is now
higher thar at any time before for many
years. and 1t was said yesterday that still
another advance is not improbable Wall
Street people do not know. but they GER
tainly suspect. with good reason, that
there IS no longer any W. between the
alleged rivals OF the sugar trade. There
is 10 be no advance in the dividend rate
by the Sugar Trust at the meeting Of the
directors next week. Why this Is. the
directors do not say, but it certainly can