The St. Louis Republic., 1900-08-21
REPURrLC SPECIAL

REPUB,Lc SPECIAL
New York. Aug o.-The LONDON market
was heavy all day and closed depressed
and near the lowest American stocks were
generally Ao to 40 lower, but tho reces
zion In consols was not important. Money
Was easier, both II London and Berlin. and
exchange showed no alteration Of moment.
There was little in the Chinese or South
African news beyond rumor and It is doubt
full II the markets abroad were affected to
any considerable extent by such intellI-
Eenca. Mail advices to hand did not an
ncipats any serious disturbance In the
money market In the near future without
sone important change In the position in
China
In the local market the tone was distinct
ly heavy and the general list lost quite
little In the early part Of the day. The
death Of Mr.. J. D. Flower. although it ex-
ercised some slight sympathetic influence
over those fractions and industrials known
as the Flower stocks, was really not an
important factor. The gentleman in Qres-
non had been aiiing for some Years and
had no speculative account open.
Probably political considerations had a
more Important effect
The strength Of the steel stocks is worth
SnE especially OF good character. With
50 limited an account open in these, a little
good buying would easily improve their po-
sidon
The close generally was abovs lowest
and traders showed q disposition to cover
shorta- Pectho stocks especially were firm
er and there was rather better buying in
Brooklyn Transit The tone, however, was
heavy and the trading too professional to
have much significance. The borrowing de-
mand continued to show some little short
interest open, and especially in grangers.
Money wss very easy.
The neVrs from China Is largely based
upon conjecture and rumor and OF these va
rious fancies only one is important This
Is a statement to the effect that Russia has
annexed that part of China lying to the
northwartl of the Amur River. 1t is to be
hoped thai this Is not true II one Power
commences the breaking up OF the Chinese
Empire Gere IL no limit to the possi bii aieS
OF quarrel over the remains. Inc pres
ent rate OIL exchange and ali surrounding
financial conditions FORBID the iaea that
any gold Will leave New York at present
but the usual fail demand for money may
tend 70 harcen rates. The market is gen.
orally considered to be In very good posi-
ton TO stand pressure OF this character.
The Loulsvilie ana Nashville earnings for
the second week OF Aug ust show an increase
OF Su,6ao ana an increase from July l OF
y, As. Indiana wheat crop does not exceed
100000 bushels the smallest Tor many
years
A continuance Of dry weather is reported
in tho grain districts of the Western States.
1t Is inumated that the report OF the Brook
lyn Transit is merely preliminary, and that
. more exhaustive account of the year g
workings will be rendered. The out
look In the anthracite trade is not quite SO
good as 1t was, and II is feared that there
will be q strike Of considerable proportion
ct the end OF September. Southern railroad
earnings show an increase Of 57.lS7 Tor the
second week Of August, and Of S246, SIS since
the first OF July. Big Four shows an In
crease Of 1852 and q total OF Sl27, ass from
July / Chesapeake and Ohio increased s42,-
c7g and S17l, ,4Ul since July L Money con-
tinues very easy, and the borrowing demand
0tilI shows some little short interest