The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-27
AMERICANS STEADY
IN LONDON MARKET.
CHINA AFFECTED SPECULA-
TION.
New York Interest Conferred on
Brooklyn Transit and Sugar
Railroads Neglected.


tsrtt BLU Sk'DALa.A
New York. July c6-AneTican stocks IN
london opened lower and closed steady at
Il 70 = per cent below parity. with special
weakness IN b. & o. common. British con-
soIs were little better at 81. The general
market was heavy and the whole list very
inactive. The Bank Of England did not
change its rate. which remains at per cent
and the return Indicated a tendency OF god
10 come back from the Continent
Exchange was fairly steady in Paris and
Berlin. or. at any rate, sufficiently so to pre-
GUIDE the possibility Of gold shipments 70
the former center from New York. The
Chinese news WAS indefinite, but sufficiently
disquietiI.g to check any outside speculative
interest il the EUROPEAN market
In the local market Interest Cor the most
part centered IL the movements % Brooklyn
Transit and Sugar, and the railroad stocks
were e. good deal neglected. Brooklyn
Transit advanced On very fair buying, based
upon an anticipated statement showing IL
per cent earned on the stock Tho old M
NOR Of the acquis. ton Of control by Long
Island WAS revived. but as this would add
another and pretty large deal ia Penn
syivalia's already heavy Liabilities, the ru-
nor Is not credited. Sugar IN its present
condition is easily manipulated. and II looks
. as if the pool would 10 able TO get ir Up
Gigher, especially there seemE quite d
yStla trade buying 10 back the professional
clement Among the railroad stocks =. *
O.. common showed considerable weakness
and adverse dividend rumoTs were current
The best Information In the market. how
ever points 10 q dividend OF per cent :iat.
The close Ua5 dun and rather depressed.
with special weakness Ia L. o. o. common.
The selling interest was not significant, but
the absence Of the usual pool support was
IL. -. Hs.F
that there was considerable want OF unan-
Unity IN the board on the dividend policy.
Other railroad stocks were neglected and
the trading in Sugar and Brooklyn almost
entirely professional.
tnsly grave, and the refusal ot the Powers
10 accept the mediation OF the United
States pending information from t'ekln l.
not reasSuring. Il looks aS II China WAS
preparing for war. and using every effort
in the meantime to delay the advance of
the Powers GDli sac gets ready.
wabash net earnings Tor June show a de-
crease of $780, amt net increase for the
year ending June 80 OF S5l95i9. President
freeland says that the metropolitan Tor the
month 0f July SO far shows an increase OF
earnings of about $500.
The advance in the London bank rate
week ago has at least had the effect OF
checking exports Of gold to Paris, and de-
mand sterling Will have to advance quite
q little before shipments to London need
be feared. The Iron Age reports an in
creased demand for steel and iron products.
but at lower prices; The meeting OF the
steel companies in Chicago to-day - under
stood 10 Toe to get better basis OF prices
BY crrtaiiing production for the month.
The banks have gained 500 90 from the
Subtreasury since Friday. Rock Island is
making arrangements to meet an expected
rush to Oklahoma New York Central de-
MES that there is anything in the reported
difficulties with Its men beyond the usual
annual adjustment differences The granger
stocks have shown very fair strength a!
Cav and the crop reports are considerably
better than could have been expected some
few weeks ago Money continues very easy.
snd the borrowing demand still indicates a
Considerable short interest