The times. [volume] (Washington [D.C.]) 1897-1901, 1900-08-08
A MIDSUMMER MARKET
No Animation in the Dealings in
Wall Street.
stocks show sagging Tendency
During the Greater Part OF the Day
sterling Exchange Firm and the
Money Conditions Easy - Traffic
Returns of the Northern Pacific.

NEW YORK, Aug. 7.-Today's market
was wanting even in the few features
which seemed to impart show of ANNA
ton to yesterdays dealt IS. The reopening
of the London stock market brought no &C
cess of animation from that quarter, where
the dealings were reported quite as
apathetic as were those upon the local
board South Africa shares in London re-
sponded TO some extent TO the indications
of the elimination of hostilities in the
Transvaal, but otherwise the price move
ments were limited and irregular. Amer
lean shares were neglected, and were gen.
orally quoted somewhat below the local
closing level of yesterday.
The dealings in this market for foreign
account were inconsiderable. being limited
to few small scattering orders on tolh
sides OF the account. 1t was virtually i'm
possible to assign any specific causes to the
days price movements in the New York
market. Fractionally lower prices wee es-
tablished at the opening of business. and in
the main the market had a sagging ten
dency during the greater part of the day.
AS noted, the days fresh developments
comprised nothing calculated to incite ag-
gressive operations in either direction. The
traffic returns submitted, notably those of
the Northern Pacific, were gratifying, but
there was little or no resultant effect upon
the securities concerned. The closing Ct
the subscriptions to the British war loan
was announced, but even this memorable
achievement received scant attention, and
the matter Was, at all events, without any
appreciate effect In influencing specula i've
sentiments. Sterling exchange continued
firm and the money market conditions were
not appreciably altered.
The few features which served to save
yesterdays market from stagnation were
missing today. National Tube and Colo
RADIO Fuel and Iron, which were then con-
spicuously strong. today moved in line
with the remainder of the list. The Read
ing shares were again heavy on the disar-
pointment felt regarding the rate Of divi-
dend declared yesterday, but aside from
that instance there was no particular news
or gossip applicable TO the other move
ments in the railway list. The local trae-
ton group was generally heavy, with a
rather marked decline in Metropolitan
Street Railway, but there was little activ-
ity in that quarter apart from Brooklyn
Rapid Transit The dealings in the indus
trial quarters were about as featureless as
those in the general market, and the fluc-
tuations there were unusually limited.
Sugar Refining furnished the bulk of the
transactions, but the movements in the
stock appeared to respond altogether 10
casual ventures of the room traders, who
apparently proceeded upon the theory that
the virtually Insignificant changes in the
selling prices for soft sugars foreshadowed
a reopening of the so-called trade war
AS a matter of fact, the days situation
upon the Stock Exchange might be aptly
summarized in what is designated in Wall
Street parlance as mo market" Legiti-
mate or outside offerings and bids were
alike limited, and the dealings large
partook of all the characteristics ordi-
nariiy identified with midsummer speeula-
fior