Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-08-16
FINANCE AND TRADE
Firm Opening in Stocks Followed by
Weakness at Close.
SOME SELLING OF AfCHISON
Politics Begins to Exert an InfIu-
ence on Stocks.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW GoK. August l8.-Recognizing the
significance OF impending Developments in
China. the leaders OF the stock market
were disposed to relax their efforts and to
allow prices to take care OF themselves for
a time. Fractional declines followed a
moderately firm opening. and the volume OF
business fell of considerably. The dullness
curing the early afternoon was quite as
pronounced as at any time of recent date
and traders were disposed to sell for a
turn. Commission houses advised profit
taxing. with the prospect OF rebuying at a
lower level
The several pools seemed unwilling to in
terfere in this respect and the market had
an appearance of heaviness I'm consequence
Reports Of hot winds In Kansas and their
adverse influence on the corn crop resulted
In some selling OF Atchison issues This AT
tack forced the pool To buy on a scale down
but prevented manipulation The road ia
not likely to suffer as much from damaps
10 the corn crop as the price of the stocks
are from an inopportune advance.
Inc Pacific shares were easier In tome
s ,h, mere were evidences Of proht-taking in
them at various times.
London bought some ST PAM and ,ha-,
was good demand for the other eranpars
curing the opening hour but the moyenant
ialled 10 mold. Pennsylvania and New Ter
sey central attracted some buying early in
the day and the size of the lots indicated
.hat some experienced following was will
ing TO accumulate these securities around
present prices. Later in the day. however
Ihe sentiment of the room changed and the
demand for all issues gave way to moderate
realizing
In addition to the reported crop damage
In Kansas the room had its entbusia s,1
chilled by a closer working of the odds ON
etecuoh results and rumors OF an unfayor
dpie statement to be issued during the dav
by Brooklyn Rapid Transit The elections
are uhquestionably assuming greater sig
nihcance as factor in the markets ana
shoutd be dominating factor after the
relief OF the legations at Pekin. The hons
lot news OF such relief at an early date
Is heiping to hold prices steady In the face
OF election uncertainties
olnciaIs OF Brooklyn Rapid Transit r.
FUSED TO discuss the Forthcoming statcrnept
but the opinion prevails that the .urni,,s
earnings applicable to the stock will moi ha
materially greater than last year The
STOCK was bought on a scale down by in
terests identified with the property and who
aie salu 10 De encouraged by favorable de-
VeIopments Of another character
The market hesitated so notIceeb,,- d,r-
ing the last hour that its chances for i'm
medlately resuming its advance seemed
less positive than heretofore Much de-
ponds upon the news collected outside OF
to be favorable. e''
The gold shipments should make vha. :.
popularity called bad bank statement ana
the call money rate gives evidence OF work
ing closer. Satisfactory results in China
&c lhe nope OF the immediate future and
manipulation to bear the brunt OF the al
vance and to avert a decline