The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-26
PRICES Still IRREGULAR
Uneasiness Continues TO Hold Spec
ula!i0n in Check.
The Opening Quotations Somewhat
Higher. But a Reaction Soon Fol-
Light Nolume-Thc influence of
Thursdays Big Failure Apparent.

NEW YORK, May 25.-Unusually irreg-
ular movements again marked the deal
jngs in the days stock market. Enough
uneasiness was left over in respect to
yesterdays failure to hold speculation in
check during the morning hours, but SUBJ
sequently a somewhat firmer tone devel-
oped. AT the opening higher prices were
the rule and they were, apparently, a re-
Election of the calmness with which botf
the Liverpool and London markets re-
ceived the announcement of yesterdays
failure in New York
After the opening, however, there was
quite sharp reaction, and II was not I'M
Ill the noon hour that the market devel-
oped any degree of steadiness. The days
situation comprised little or nothing out
side of additional returns of railway traf-
fic for the third week of the month Of an
important character.
Foreign dealings in this market were in
very. light volume and the London market
was reported as apathetic as the local one.
Toward the close of business in London,
and for no apparent reason, there was,
however, sharp and general decline.
Money rates continued to decline in Lon
don and the Bank of France made a re-
duction In its official discount figures from
21-2 to per cent.
considerable part of the days deal
ings reflected the clearing up of the de-
bris of yesterdays wreck. This was par
ticularly true in the Atchison shares, in
which some unusually large transactions
attracted attention, it being generally I'M
derstood that they represented the trans
fer of an important speculative account.
After the irregular price changes of the
forenoon, the railway list became fairly
steady and material recoveries were
scored in the granger shares, the Pacifics,
and Southern Railway.
Brooklyn Rapid Transit was the feature
OF the local fractions in a rather sharp rise,
which appeared to be based upon the re-
ported intention of the company to advance
its fares upon long distance routes. Moth
ing new attended the movements in Sugar,
but the attitude of the arrangements of the
American Tobacco Company and the Con-
tinental Tobacco Company, in deciding to
furnish quarterly statements of earnings to
the shareholders. appeared to lead to some
buying of those stocks.
American Ice was sensational feature
of the industrial group in a very sharp
break, which was, of course, directly trace
able to the pending proceedings against
that company. The dealings as whole,
however. did not vary in character from
those which have characterized the mar
ket throughout the week. Scattering out
side liquidation was again reported, and
most Of the days advances appeared to re-
fleet the closing out of professional short
contracts generally witnessed toward the
close of the week.
In the last hour Of business there was a
fresh outbreak Of liquidation, under which
the market declined rapidly. The weakness
was attended by rumors that another fail
ure was impending, and these reports, as
usual, produced great deal of disGuietude.
All of the Industrial quarter broke sharply,
and smaller declines appeared throughout
the market. Atchison preferred being a
conspicuously weak feature of the railway
list. Trading was feverish. and there was
no material increase in activity.