The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-09-25
Stocks HEAVY At CLOSE
AFTER SHOWING A BUOYANr TEN,
DENCY THE MARKET WEAK
ENED AGAIN.
GAS AND BROOKLYN TRANSIT
Reached the Lowest Mark shown
in the Present slump-Other
SpeciaIties Were ALSO
Affected.

Prev
Cab money. New York. rs 1%7s
NEW YORK. Sept aiArhe market
found some support from sundry causes
time lifted to a level quite substantially
over Saturdays close Weakness per-
sisted in some individual stocks, and the
announcement Of small failure early in
the afternoon put stop to advancing
tendency Of prices,so that the closing was
heavy and dull, with only. a few gains
ness were Peoples Gas and Brooklyn
Transit, the former dropping below 50
before the close, and the latter touching
IS, being the low prices on the present
movement. The late weakness had
sympathetic effect elsewhere among the
specials, Tobacco. Sugar and the New
York public utilities being notably af-
fected. The steel stocks were prominent
IN the early strength of the market on
account of a settlement for the coming
year of the schedule of wages. Several
stocks in the group We're marked up to
212 Tennessee Coal came under pressure
on the advance, and WAS marked down
points, but rallied over point, and
closed with q net loss of 1% The whole
group yielded to some extent with the
later weakness in the market. The rally
IN the market was due in no small part
to covering demand from the shorts and
to the absence from the board room of
the influential bear traders on account
of the Jewish holiday. The resumption
of mining in some of the coal mines had
q rather bracing effect on the market,
and published estimates of the available
reserves of coal already mined detract-
ed somewhat from uneasinesS over the
effects of the strike. but there was no
radical change in the spirit of the spec
uiation, and the undertone of sentiment
continued decidedly apprehensive of the
future of the money market The fall
,ure of a stock exchange firm was unim-
portant IN itself, but the exhaustion of
customers margins and their failure to
extend them, which was. assigned as the
cause, attracted some attention. 1t is a
matter of notoriety that many brokers
have demanded an extension of margins
from their customers, and no small part
of last weeks liquidation iS1attributed to
that cause. In the money market inter
est rates were not changed but the
outgo to the interior continued on lib
eral scale. The growth of stringency in
foreign markets, especially London and
Berlin, promises renewed pressure upon
New York for gold, although the bills
Of commercial exchange in the market
today were sufficient to ndepress the
sterling rate q fraction.
Last weeks small exacfions by the
subtreasury We're due to the large outgo
from that institution on account of pen
SfonS and on account of the renewal of
bond conversion and premium payments
forced by the measures taken by the
secretary of the treasury Ito withdraw
government deposits secured by the call
ed per cent bonds unless substitution
were made of other bonds. The require
ments of the subtreasury this week on
the regular government revenue account
promised TO be larger and will be add
ed to the other eXactons upon the money
market. The majority of bonds showed
declines, but there were a<few advances
Total sales, par value, sS75000 United
States old is and new as reg. declined u
per cent, new IS coupon 5sa and the re-
funding Is, when issued, the IS and 5s
a in the bid price.
STOCK QUOTATIONS.
Furnished by Charles H F. Smith &
Co., members of the New York Stock ex-
change, Pioneer Press building. who have
dlrect wires to Chicago and New York.
Closing prices are bid