The St. Louis Republic., 1900-10-18
N. w. HARRIS g. COMPANY
BANKERS
CHICAGO NEW YORK BOSTON
THE LONDON MARKET
DECLINED AT CLOSE.
THE LOCAL MARKET. HOW
EVER, OPENED STRONG.
Traction Stocks Showed Remark
able Strength, in Spite of
Little Taking of Profits.
REPUBLIC SPECIAL.

RFPCBHiC SPECIAL
New York. Oct. 1.-THE London market
showed some tendency to react so isr as
American stocks were concerned, but raj
lied little later, closing. howeve: at
small fractional decline on the day. The
general market after being heavy, finished
firm. Consols were unchanged at eS7s. There
was an easier tendency in discount rates,
and It was not generally considered prob
able that the bank would advan-e Its rate
on Thursday.
Tho Russian attitude in regard 20 Man
churia Il causing same uneas.ness, but tho
London market WIS practically reassurci
on the question Of money. Paris exchange
showed Q declining tendency, whicn word
prevent further impo, to Of gold from tina:
center, even II demand sterling had not re-
covered to figure making them practi-
cally impossible.
In the local market, . good deal OF
strength was sh Va at the opening, but on
one Of the most prominent bull operators
openly taking profits. the whole list eased
of Tho undertone was hard. however. In
all departments. end independent strength
was shown In particular stocks. Reading
issues advanced sha: rly on the 1:lilvunc'.-
ment that the COZ pany has accedaj 10 81
the mems demands. and that the strlke
would be settled on these Ines ~ tne
other companies. Peoples Gas had fur
ther advance On .he a, nounce'ne... of ;he
settlement of the gas war, ami the taking
over of the Ogden company by the older or
ganizations. Sugar was inclined % fe neiNy
and there seemed TO Ee some good profit
taking in it, noiab,y by the pool -sL-!"
active in the stoSx. Railroad stocks were
generally strong, with good scattered ouy-
ing all round
The close was generally firm, and the an
nouncement that the other mining com
panies would concede the mems demands.
following the lead of Reading. gave cons.d-
cradle strength to the hard-coai STOCKS;
Sugar was about the only soft spotVan1
gave way on the belief that the pool support
was withdrawn. People s Gas was active
and strong but closed under best, and The
nature of the selling did not confirm IN
report that the gas war WIS over. The bor,
rowing demand showed a pretty large bun
account except in Northern Pacific.
The seminfficial Russian announcement or
an Intention to treat Independently with Inc
Chinese Government on a basis OF a pernla-
nent occupation of Manchuria, if true. is
an important item and practically reopens
the whole Chinese question 1t fs to pe
hoped that wiser counselS Will prevail. ana
that the reference TO The Hague arbitra-
tion department will be made as originally
designed. The advance In sterling exchange
TO s4.siiy puts further imports of gold out
of the question. and in any case. the mar
Eet has never really needed them. A re-
turn of the supplies drawn for moving the
crops is inevitable in the near future. and
the possibility of dear money seems eX-
ceedingly remote. Traction stocks have
shown remarkable strength in spite of quite
a little taking of profits. and the prospects
of the Republican party are necessarily
bull factor.
New York stock Quotations.