The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-17
AMERICANS ADVANCED
IN LONDON MARKET.
GENERAL MARKET RULED
HARD.
Considerable Strength Shown at
Opening in New IOrk-Trac-
tons and Industrials Heavy.
REPUBLIC

iShft BLU SfttlAh
New York. Oct. 1.-THE London market
was generally firm and American stocks
made and kept an advance of nc to i3c on
he day. British consols were strong at 80.
a f~urther,advance OF u per cent. The gen.
eral market was hard. though inactive.
There was no change in quotations for
money in the open discount market, or for
exchange in Paris OF Berlin. The money
situation was considered more r.assuring in
view of the willingness of the Bank of
France to part with gold. The Chinese out
look was more tranquil although disturb
ances in the south of China were causing
some uneastness. There was nothing Of i'm
portance from South Africa. The import of
S2.5Go.Vo gold from that quarter is taken to
be the surplus held by the banks there Tor
the exigencies of war times. that may be
expected from the same source. Tn output
on the Randi is not likely to be resumed
much before the end OF the year.
In the local market considerable strength
was shown at the opening, and in spite Of
heavy profi;-taking prices were generally
well maintained. Commission houses were
steady buyers of the granger stocks and
Parties. and generally did more business
than for some time past. Buying In tn,on
Pacinc and AtchiSon preferred was coISid-
cred very good Pennsylyania and Balif-
more and Ohio showed noticeable strength.
WIKI, however, some feaCtlOn from the btSt
points of the day. fractions We're generally
strong In the belief that the result of the
election would relieve them from the pres
ent pressure of the past few months. Sugar
was strong and the market had already be-
sun TO consider the likelihood of a return
10 the old II per cent dividend paying basis.
The close showed some reaction from the
best. but it was noticeable that the support
was very good. in spite of the heavy proht-
taking. fractions and IEduStridis were a
little heavy. but the railroad stocks main
tanned their advance pretty well. Money
was 3 to 3ie per cent all day and I per cent
at the close. The borrowing demand pre-
scented no feature o: special interest,"
Although the Chinese news seemed to be
more tranquil, il still causes sufficient merry
BUSINESS In Europe to prevent any substan-
:ial rally In British consois of French
s-hoped that the Bank of England may not
find il necessary to advance its minimum
discount rate on Thursday. Gold imports
30 far total 81. l5o.0 S. including money from
Paris. London, South Africa, Berlin and
Japan. Advices from THE strike district in
dicate the probability Of the miners return
ing to work before the end of the week.
Some opposition to the terms is shown by
the smaller operators. but il is believed
that these will soon ne brought into line.
National Tube has declared the regular
quarterly dividend of Ia per cent on the
common stock. The scarcity of anthracite
is having some effect on the ;Tatfics of
the soft-coal roads. and they, at any rate.
Money Is In fair. though not large. de-
mand. and the stock market shows a wider
account open. with more public interest
IN if