Evening star., 1900-08-18
Weakness in Brooklyn Rapid Transit
and Allied Stocks.
FORMERS UNFAVORABLE REPORT
General Tone Was Apathetic and
Tending Toward Weakness.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch TO The Evening Star
NEW YORK. August 1s-The holiday in
London helped to emphasize the lack OF
business in the local stock market and
prices were again Irregular under room
raalns. The annual report Of Brooklyn
Rapid Transit, showing about LIZ per cent
earned on the stock. invited selling by the
room because Of the absence Of the favor
aoie showing SO generously predicted by
friends OF that property. The COMPANY is
also shown to be borrower of considerable
money. and that fact was added to the nm
favorable features of the report. The open-
ing price for the stock was l per cent un-
der yesterdays closing level. and a further
decline followed under liberal offerings. The
weakness in this property had a sympa-
thetic influence on Peoples Gas and Rock
isiaha' because OF :he popular belief that
me three properties are controlled market
wise by the same interests
The general list was apatba,tc and ,,,,,-,,
to heaviness as the result of political sker-
.ic'sih' lhis condition has been produced
py the reported lack of campaign funds and
lhe indliference Of the public. Over-conn-
oence has given way to doubt. and A
market scare seems almost certain to fol-
low as 1t has done in other years. The
various pools which have been holding IN
prices IN spite of the narrow demand are
~ loiiser aggressive, and prices may topi,le
over at any time from Lack of support
lhere mas been nothing really new or un-
usually discouraging in this weeks dey.lon
ments, but more attention has been give,
by traders to circumstances which have All
along kept the larger interests out of the
market Bankers and millionaire operators
nave Tor weeks suggested the wisdom oc
caution, but the little men, contented with
the notorfety of standing in the places of
experts, have refused to listen
Inc bank statement shows a loss of IS
5dl'Sp IN lawful money. nearly ali in specie
he decrease is about what was expected in
view of the gold movement at the end of
the last week and the record outflow on
Wednesday. The deposits have decreased
$,,o'loo' or nearly twice the amount nee
essdry TO balance the statement The loans
have increased So S37 400. and the general
opinion is that the floating of the British
loan is responsible for the change. An In
crease OF S6!2,3oo in circulation Is also
SHOWN, and this being the third sucoessIva
large increase Is reassuring to the extent
that the increased bank currency Will
overcome the stringency incident TO the
crop movement The net result of ali
changes is reflected by decrease of s.. Sos
800 in the reserve reducing the surnI,,.
holdings to $50 556,p5O
lhe radical changes in this statement
Will, In all probability, be offset next week
oy the heavy receipts Of gold on the Pacific
coast ana by the treasury's bond redemp-
lions begun today. This gold will find its
way into the banks in some form and cash
holdings should show some recovery from
loan transaction.
The market closed moderately steady nm
Ger moderate dealings. The bank statement
attracted some covering and the lack ~
business made the moderate demand quite
enecoNe Politics are the dad. and al
stock. e