The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-08-19

NEW YORK, Aug l8.--But for the interest arous-
ed BY an analysis Of the Brooklyn Rapid Transit
annual statement, professional operators would have
the report showed that shade ever per cent
earned on the stock. discussion Of specific items
was unfayorahle- For instance. the high ratio OF
operating expenses and outstanding loans Of $1,000
600 aroused comment. Decided pressure was exerted
against the stock from the outset an extreme loss
Of being made. With the net loss REDUCED to H. on
purchases by the short interest. In Peoples Gas
fall OF per cent vas without adequate explana-
ton but this stock also recovered somewhat in the
final dealings. These movements were the chief
features Of the market. its nauowness being ac-
centuAted by the absence Of London operations, it
Railway stocks were relatively better sustained
than the general run Of specialties. The publica-
ton Of the second week Of August earnings for
many lines showing numerous increases acted as
prop for this division. These statements demon
strated that tonnage was increasing in widely sep
As the time approached for the publication Of the
bank statement business became very restricted The
cash loss Of S,3il.soo Accommodations TO the UNI
derwrting syudicates in connection with the British
loan accounted for the greater part Of the increase
o. loans Of so.oTo oo Deposits were reduced S09l.
600 and the general effect the shrinkage in sur
plus reserves OF E56s. 800 A rspienishlnent Of the
bank losses this week is expected to speedily.
adyices from Pacific coast points announcing the
receipt Of si.5oo,@c Alaskan gold This II is be-
lieveu, viii be made available TO the local banks
by government drafts the subtrcasury here In
addition. payments are now being made accoun,
Of the redemption Of the old government q, invoy-
ing some SOul.op. With these factors taken into
considerations general uneasiness is felt as 10
the Immediate future Of the money market
The Wall street axiom, When gold goes out,
stocks go down. for once was exploded this week
as the shipment Of 81 100000 was attended by
rising prices As the expectation Of Sill coo 900
gold during the past two weeks does not make very
serious inroads on the country's holdings and as
constant accessios being received from natural
sources Wall streets elusnimity was not surprising
Where the drain viii be most keenly felt is in the
reserves OF the New York banks. Discussion OF its
influence future money conditions had some
weight on the market values In the closing days
OF the week.
general and material rise was effected in which
the best class Of railroad stocks figured London
bought heavily the relief to its money statistics
showing decreased dividend payments by its rail
roads. causing demand for dividend paying stocks
here No change in local money rates occurred
while the rise on, but later call rates touched
"a, in anticipation OF unfavorable bank state
ment
Sugar vihrated on trade and dividend prospects,
and the coslers were affected BY value reports Re
specting the rise in railroads, more definite facts
were cited. including improvements in the crops
and weekly earnings
Prices in the bond market conformed closely 70 the
Developments in stocks. Interest was most marked
In middle-grade issues
United States refunding q. when issued, advanced
!. new and old Is ss3 in the bid prices. The IS dc.
clined I per cent