The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-12-08

increased Sl,S44 400; specie decreased 81
UgO,600, 1egals decreased 81 9I5 800: de-
posts decreased s., SGT. zoo: circulation Ce-
creased S62, 100. The statement IS the
worst one for some months back. Inc
less OF cash IS more than Sc, COO. 000 and
the decrease in surplus reserve more than
$4,000, 600. The surplus reserve is al
most cut in half and is now only S. 701--
rs Il viii be seen that another state
ment as bad as this would wipe out the
surplus reserve entirely.
The expectation of the poor bank state
ment and Of the Tightening money rates
that it might indicate for the near future
was the cause of continuance of the
selling of stocks this morning Prices de-
cliHed all over the list during the greater
part of the session, Tennessee Coal and
Iron being again the weak feature. with a
further decline of three or four points
When the statement appeared. there was
some covering of shorts TO take profits
and the closing prices were better than
The worst II a few instances net gains
were made for the day This wss due
partly also no doubt 10 the action OF the
Secretary OF the Treasury in anticipating
the January interest payments. which
will amount 10 $4,000, goo, and viii be paid
on December Is. II is thought that this
action may help the situation somewhat
though it is not likely that it will have
much effect except IN the indirect way
There may be some recovery on Monday
but careful market people look for fur
;her decline in prices before the holidays.
They viii buy stocks on this decline for
the January advance which is expected to
be q fine one.
Tennessee Coal and Iron was again
the weak feature of the list, selling
as low as SO IL. There are a number
of rumors IN the Street regarding the
stock, but whether they are the cause
or the effect of the decline in the price
it is hard to discover The story is
put out by one bear party that the diVi-
dend on the stock is to be cut on account
OF poor earnings The earnings during
the summer we're not so large as expect
ed, but 1t has been understood on pretty
coed authority that during the past two
months OF more there have been plenti-
full business and excellent profits No Of
fetal statement could be elected regard
Ing the dividend. but many conservative
people viii continue to expect the usual
; per cent rate until they are officially
notified to the contrary.
Federal Steel was the stroag feature
today as Tennessee Coal and iron was
the weak one. It advanced to above 81
United States Rubber was weak again.
The tips 10 buy the stock few days ago
were costly 10 those that followed III m |
II is now said that the dividend on the
preferred stock may be passed.
There is talk in important quarters of
probable advance in Northern Pacific. com
me-, IN the near future, but it is not like
y that 1t will occur in the face of weak
ness II the general market if such is TO |
De the tendency. The stock declined frae-
ltonaily today The Street is full IF tips
One today was TO the affect that dividend !
IF per cent annually is 10 be declared on
Missouri Pacific next month. The month
nat did not produce the Missouri Pacific
dividend tip would be notable one Mr.
SAGE set the example OF promising this /
dividend in most positive way a year or
more age and since that time many others
have followed him
The Atehisons were both strong early in
the morning Later they went off some
what. The preferred stock is as firmly |
entTenehed as 5 per cent dividend payer
as almost any stock on the list having a |
surplus of nearly per cent over the 5iyf- |
dend according 10 its present earning rate
ne common may lag somewhat for few |