Evening star., 1900-09-25
FINANCE AND TRADE
Stocks Were Generally Weaker and
Shade Lower in Price.
ATTEMPT TO SQUEEZE THE SHORTY
Sugar and Brooklyn Rapid Transit
Both Lower.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

| Special Dispatch to The Evening Star
NEW YORK. September 25-American
| railway securities in the London market
tLis morning were frmer and prices "A
shade higher than our close Home rails
there were steady. but consols for both ac-
counts were Il per cent lower. Berlin re-
ports indicated unsettled markets at that
center.
In the local stock market this morning
the most conspicuous feature at the OPEN
ing was renewal of the selling pressure
for a decline in sugar refining and Brook
lyn Rapid Transit stocks which was put
down yesterday to Keene drive against
those spacialties. The first mentioned stock
sold off 112 and the latter stock full point
below yesterdays closing prices. The bull
pool In sugar gave the stock a little sup
port around the lower figures reached, but
there seemed to be some pressure to sell
for lower Wall street and little iiquida-
ton for weak bull accounts.
There was also liquidation noticeable in
Brooklyn Rapid Transit
Peoples gas stock did not go below yes
| terday's low figure. Notwithstanding ru-
NOR. industrlously circulated around the
room, that there would be a reduction in
the dividend rate. The drives at this stock
seemed to be for the purpose of covering
short contracts.
Tennessee Coal and Iron scored another
exceptional loss of ia below yesterdays
low figure, caused by talk of impaired divi-
dend prospects. In all of the above stocks
however fractional rallies occurred when
the pressure lifted.
Some irregularity was shown throughout
the general list IN the first dealings and in
a number of cases fractional gains We're
made in the first few moments. This was
pf patt1 MI tia
common. Atchison preferred and common
Louisville and Nashville, Missouri Pacific.
Reading first preferred. Metropolitan and
Manhattan. all of which recovered slight
fractional losses
American tobacco lost full point on the
sale of about 10000 shares which had the
appearance of being long stock.
The steel shares Were inclined to heayi-
ness, but showed important changes in
prices. Some good support was said TO be
in evidence.
There was no indications in the Grangers,
and the pressure from the west to sell. OBJ
Servabe yesterday, had ceased. causing
some demand for those stocks from the
shorts and little good buying for the long
account.
London arbitrage dealers bought and cold
to a moderate extent. with a small balance
in favor of the buying side
Reading first preferred and the other hard
coalers were firmer the decision of the
switchmen TO carry non-union coal and the
satisfactory result of the conference he
tween Mdfhte & 20. ana tnelr Workmen,
the former agreeing, according to report
to all the miners asked for, with the single
exception of a change in the price of
powder, and this they ask may be made
the subject of arbitration. The action
taken by Markie & Co. may have a wide
spread influence for good on the strike
throughout the anthracite region.
The market became dull in the middle of
the day, but toward the delivery hour an
effort was made to bid up prices on the
shorts by one of the prominent bull operat-
ors. This movement was only partially
successful. a little rally occurring in those
stocks which seemed oversold by the bears
while those stocks in which Hquida ton has
occurred lately only responded fractionaiIy.
While the general market acts a little
oversold and there is a growing feeling
that rally of two or three points should
occur. nothing more than such a movement
is looked for until the complex Chinese sit
politics; settlement of the great coal
strike, and last but not least, until there is
some interest on the part of the public in
stock speculation.
Railway and other bonds were dull Gov
ernment 2s and os were each Il per cent
lower on bids
Money loaned at 2 per cent.
Americans closed strong and active on the
curb" in London, caused principally by
closing out Of bear accounts In view OF
settlements tomorrow. International issues
were weak on continental selling. The
Paris bourse was irregular and Berlin
boerse firm